©2016 Michigan Economic Development Corporation

$50 Million in Life Sciences Funding Available

Thursday, April 13, 2000

Kathleen McMahon
(517) 335-4590

Request for Proposal Issued for Life Science Corridor GrantsThe Michigan Economic Development Corporation released a request for proposal (RFP) today, calling for proposals from applicants interested in receiving funding from this year’s $50 million in Life Sciences Corridor funding. Awards will be distributed for research in biotechnology, medicine and genetics. Universities, public or private research institutions, or Michigan-based for- profit firms interested in receiving funding for life science projects are encouraged to submit a pre-proposal or letter of intent by May 5. "We are interested in receiving innovative proposals that will support the emergence of a world class science and technology development corridor in Michigan," Doug Rothwell, president and CEO of the Michigan Economic Development Corporation and chairman of the Life Sciences Steering Committee said. Those interested will compete to receive a portion of the tobacco settlement monies, which will be distributed in Michigan this year for basic research, applied research and commercialization projects. The awards will be made for up to three years. Over the next 20 years, $1 billion from Michigan’s share of the tobacco settlement will be used to fund life science research, commercialization and development projects. The Washington Advisory Group, led by the former heads of the National Academy of Sciences, National Institutes of Health and National Science Board, has been retained to provide planning, process development and review support. Full proposals will be due by the end of June. "The Washington Advisory Group’s review team is drawn from the ranks of the nation’s most experienced former executives and managers of technology-oriented organizations," Rothwell said. "Their impressive expertise will help guarantee the most plausible projects receive funding," Rothwell said. The 14-person Life Sciences Steering Committee, which includes university, corporate and government representatives, plans to make final funding decisions by late fall. Fast track proposals that do not require scientific review may be awarded by late summer. The committee’s goal is to position the State of Michigan to be a major global center for both life sciences research and business development.For more specifics on the application process, a complete RFP can be found at the link below. Other information pertinent to Michigan’s life science initiative is also available on the site including: program guidelines, frequently asked questions, Michigan life science success stories, potential life science funding partners, names and biographies of the steering committee members, Michigan Economic Development Corporation staff members involved in the initiative and contact information.