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Program aims to boost economic impact of research

Published on NewsOK Modified: March 7, 2013 at 10:22 am •  Published: March 7, 2013
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ANN ARBOR, Mich. (AP) — A program for inventors in Michigan aims to get new technologies to the market more quickly and boost the economic impact of research in the state, officials announced Thursday.

Starting this spring, the Michigan I-Corps program will work with researchers from across the state.

"The Michigan economy depends on the ability of residents to reinvent the future through innovation and entrepreneurship," Jonathan Fay, associate director of entrepreneurial practice at the University of Michigan Center for Entrepreneurship, which will administer the program, said in a statement.

"In addition to strengthening early-stage technology startups, we believe the program will activate and integrate the state's entrepreneurial and researcher communities, and draw ... talent back to Michigan to fund and staff exciting new ventures."

Michigan I-Corps is modeled after the National Science Foundation's National I-Corps program. In 2012, the University of Michigan became one of three places selected by the foundation to administer the national program to entrepreneurial faculty from across the country.

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