Wednesday, Oct 5, 2011
University of Michigan President Mary Sue Coleman announced plans to invest $25 million from its endowment fund over the next decade in start-ups coming out of Michigan that raise private venture capital. This is good news for Michigan as much of our future economic growth will depend on the success of commercializing university-based innovation into marketable services, products and companies. Michigan’s University Research Corridor (URC) universities (Michigan, Michigan State and Wayne State) rank among the top five university research clusters in the nation. Actions like this that enable more research to be commercialized can only accelerate the up-side of Michigan’s economic future.