The University of Michigan is engaged in a campaign to woo top faculty to its teaching and research ranks. U-M officials are increasing the number of endowed chair positions, allocating money for recruiting and retaining outstanding faculty and creating more opportunities for faculty research to enter the marketplace. At stake are millions of dollars in federal and private research and development grants for which talented faculty fiercely compete. Grant funding can produce key breakthroughs in research that lead to patents, inventions, spin-off companies and royalty income for the professor and the university.