Michigan Technological University and the MTEC SmartZone will once again join forces, this time thanks to a $750,000 grant from the Michigan Economic Development Corporation.
The grant, which is part of a $6 million statewide fund, was given to support high-performance business incubators and accelerators in Michigan.
The SmartZone and MTU will work together to help commercialize innovations and tech that is coming out of the classrooms and laboratories at the university.
"This grant is particularly exciting because it recognizes the bond between Michigan Tech and MTEC SmartZone," says David Reed, vice president for research at MTU. "This opportunity will continue to strengthen that relationship and positively impact our local economy."
The new grant will also help support the Technology Commercialization Assistance program, which helps identify capabilities within existing companies and match them with university-based technology programs in Michigan, enabling the creation and commercialization of new technologies.
Writer: Sam Eggleston
Source: David Reed, Michigan Technological University
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