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Research expenditures at U-M exceeded $1 billion in Fiscal Year 2009, an all-time high and a 9.4-percent increase over FY 08.
U-M was awarded over $150 million in stimulus funding from the American Reinvestment and Recovery Act
U-M faculty disclosed over 350 new inventions in fiscal year 2009.
There were 289 interactions with new companies through the Business Engagement Center in fiscal year 2009
U-M purchased the former Pfizer complex in June, 2009 for $108 million. The expanded research space is expected to create between 2,000 and 3,000 jobs in the next 10 years.
The Zell Lurie Institute has awarded more than $692,000 to 993 students in Dare to Dream grants for student start-ups since the program’s inception in 2002.
The $14.5 billion economic impact of the URC - Michigan State University, the University of Michigan, and Wayne State University is up 10 percent from last year.
U-M has a multi-disciplinary dossier of some $6.6 million in research projects to examine the broad impact of plug-in hybrid electric vehicles.
U-M and DTE Energy are challenging teams from Michigan universities with $100,000 in prizes to develop business plans to bring new clean energy technologies to market.
A $2.2 million program sponsored by the Michigan Memorial Phoenix Energy Institute and Fraunhofer will kick start international energy research collaborations for projects that will be good candidates for commercialization.
U-M ranks among the nation’s top five research universities according to National Science Foundation statistics.
Industry sponsorships for U-M research reached $43 million, in FY 08, up 11.1 percent over FY 07, and more than 25 percent over FY 06.
The Michigan Initiative for Innovation & Entrepreneurship, conceived by U-M, partners philanthropic organizations, universities, and private-business resources to launch new startups.
U-M Tech Transfer licensed 8 new business startups in fiscal year 2009. The five-year total stands at 57 startups, more than 70 percent of them located in Michigan.
U-M Tech Transfer recorded 91 agreements with industry, including 13 new business startups in FY08, creating opportunities for business expansion, job creation, and improving our quality of life for the residents of Michigan.
The Life Sciences Institute created the Innovation Partnership to bridge the critical funding gap between laboratory discovery and commercialization. Donors have given $2 million toward a five-year goal of $10 million.
Health Media, a U-M startup with 140 employees, was acquired by Johnson & Johnson, one of the world’s largest and most comprehensive health care companies.
The Phoenix Memorial Energy Institute has provided $365,000 in seed money to launch a web-based interactive tool that will assess the likely success of proposed solutions to the energy crisis.
The $3.5 million Wolverine Venture Fund of the Zell Lurie Institute, started in 1998, saw a five-fold return from laser eye surgery company IntraLase Corp., a U-M spinout.
The 1,000 Pitches Competition stimulated faculty, students, and staff to come up with 1044 entrepreneurial ideas for new businesses, inventions, and non-profit organizations.
The Robert H. Lurie Nanofabrication Facility has contributed an estimated $500 million to the state's economy.
TechArb is a student-run small business incubator that hosts 30 student entrepreneurs running 10 start-up companies.
U-M researchers are pioneering the use of sound waves on microfluidic devices as a means to achieve a truly portable lab-on-a-chip.
U-M students created a portable device to detect suicide bombs. The palm-size metal detectors work with a wireless sensor network.
"We have another function, a mission to aid in economic development and growth. There needs to be a rewards system in place for entrepreneurs within the university.” - President Mary Sue Coleman's remarks at the National Summit Conference, Detroit, Mich., June 2009
The U-M Office of Technology Transfer encourages student entrepreneurship with intellectual property rules that don't put students at risk that the University will attempt ownership.
The Frankel Commercialization Fund, a student-managed venture capital seed fund at the U-M Ross School of Business, invested $80,000 in Accio Energy in 2009 an Ann Arbor-based developer of an innovative wind energy system.
Entrepalooza, organized by the Zell Lurie Institute for Entrepreneurial Studies, is an annual daylong event to expose students to new-venture creation in Ann Arbor, the Midwest, and beyond.
IRLEE now offers services to 85 communities and 132 firms in the Midwest, doubling its outreach to distressed communities since 2006.
A new position, associate dean for entrepreneurship, was created to champion the cause of entrepreneurship in the College of Engineering.
Faculty led U-M spinoffs Lycera Corp. and NanoBio Corp. obtained $36 million and $22 million respectively in venture funding.
U-M VP for Research Stephen Forrest took a leadership role in regional economic development by becoming board chairman of Ann Arbor SPARK, the area's economic development authority.
Department of Energy awarded $19.5 million for U-M to create Energy Frontier Research Center for solar power.
The GM/U-M Institute of Automotive Research and Education will help reinvent the automobile by researching the next generation of high-efficiency vehicles powered by diverse energy sources.
News
NIH stimulus awards to U-M Medical School top $47 million 11/05/2009
The grants will enable U-M scientists and physicians to continue or begin projects that explore innovative approaches to important health issues.
HandyLab Inc. sale may signal that life science companies are good investment 11/04/2009
Wolverine Venture Fund’s HandyLab was recently acquired by Becton, Dickinson, and Co.
Crain’s Detroit Business
Swine flu vaccine production problems show NanoBio’s potential 11/03/2009
NanoBio’s nanoemulsion technology aims to create a new type of nasal vaccine that could revolutionize disease prevention
AnnArbor.com