When we here at Mid Michigan Second Wave hear about grants being handed out locally, we think it's always good news. Our ears perk up just a little bit more, however, when we hear that those grants are going toward advancing the economy.
The Michigan Initiative for Innovation & Entrepreneurship recently awarded $55,000 in grants to
Central Michigan University. The programs grants, which are administered by the
Presidents Council and handed out across the state, will be used toward creating 200 new startup businesses and helping boost entrepreneurship-related programs and organizations on Michigan college campuses.
"We are pleased to be playing a leadership role along with other universities in Michigan in helping commercialize faculty inventions," says Jim Hageman, interim vice provost, Office of Research and Sponsored Programs. "The future for our university is continuing in this direction, working with faculty in developing intellectual property."
According to Central Michigan University, the funds will be used toward three projects on campus. Approximately $25,000 will help pilot a collaborative, multi-institutional business plan competition between CMU and
Michigan Technological University. Another $22,000 will be used toward commercialization of new mercury absorbent technology for coal-fired power plants. And $8,000 will fund a market assessment for commercialization of a tap water filter for perchlorate.
Writer: Sam Eggleston
Source: Jim Hageman, Central Michigan University
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