Michigan Universities boost commercialization, create entrepreneurs

Further proof that Michigan’s universities --especially, ahem, U-M-- will play a key role in reinventing the state’s economy.

Excerpt:

?A program to help Michigan’s public universities create new entrepreneurs and speed commercialization of research is finding success just one year after making its first grants to universities around the state, officials from the Michigan Initiative for Innovation and Entrepreneurship consortium, and researchers said Wednesday at a news conference at the State Capitol.

"MIIE is having a tremendous impact at universities who have research projects that require additional funding to move them toward commercialization,” said Marvin Parnes, Associate Vice President for Research and Executive Director of Research Administration, University of Michigan. “Our efforts have allowed important research projects continue that could one day create much-needed jobs and companies in Michigan.”

Read the rest of the story here.