A year after offering a plan to turn around Michigan’s economy, Business Leaders for Michigan now seeks to spur and better commercialize innovation by partnering with the state’s top three research universities.
The partnership with the University Research Corridor, know as Accelerate Michigan, will seek to “champion” innovation and entrepreneurship and increase capital available to young companies.
The initiative stems from benchmarking data that shows that Michigan
ranks highly in generating intellectual property at research
universities — fifth overall nationally, with research-and-development
spending of $1.40 billion in 200 that rivals North Carolina’s Research
Triangle — though it lags many states in commercializing those
innovations.
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