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Centers of Innovation

  • Centers of Innovation

    The Centers of Innovation (COI) Program was signed into law (MCL 125.2088q) on June 28, 2012. The program's goals are to accelerate the commercialization of innovative technologies in Michigan, through the development of partnerships between private sector, university and national lab, non-profit and government entities. It is intended to help stimulate the development of innovative technology clusters, in areas where the state has competitive advantages in natural resources, workforce, supply chain, intellectual capital, and other assets. The program was formally approved at the July 25, 2012 meeting of the Michigan Strategic Fund (MSF). The MSF Board allocated $7 Million to the program and named the Michigan Economic Development Corporation (MEDC) as the COI Program Centers Manager. The COI Award Process and the Documentation Required of COI Candidates were also approved.

    Key provisions of the COI Program include:

    1. Awards may be made in the form of grants, loans, or other economic assistance, and may be provided to for-profit companies, benefit companies, nonprofit companies, universities, and national laboratories. Participation of at least one qualified business and at least one institution of higher education or national lab are required to operate a Center of Innovation.
    2. All of the funds allocated to the COI Program shall be used to match federal, collaborative partners, or third party funding.
    3. The funds may be used for all of the following purposes: Providing up to a 1-for-1 match for federal, collaborative partners, or third party funding of up to 50% of the total project costs; supplementing in-kind contributions provided by a person or entity other than this state; accelerating the commercialization of an innovative technology or process that will be ready to market within five years of the agreement date; activities of the Center, including, but not limited to, workforce development and technology demonstration.
    TIMELINE & APPLICATION PROCESS:
    Q & A SECTION:

    Questions about the COI Program or the application process should be submitted electronically to centersofinnovation@michigan.org. Responses to questions will be posted to this section of the Web page on a regular basis.