Thursday, August 15, 2002
Moving Technology From Universities to the Marketplace
The Michigan Economic Development Corporation (MEDC) today held a technology workshop event in East Lansing bringing together more than 80 university and business representatives to discuss strategies for moving technology from Michigan’s universities to the marketplace.
“Helping Michigan universities and businesses coordinate the transfer of marketable technology remains a major goal of the MEDC,” said Doug Rothwell, president and CEO of the Michigan Economic Development Corporation. “Bringing together a broad range of stakeholders today establishes a foundation for increased communication and better planning for the future.”
The workshop had two major goals: bringing companies and universities together to promote the licensing of university technology to existing companies and promoting Michigan start-ups.
To serve the first goal, the workshop featured various presentations from Michigan companies to discuss their licensing experience.Leaders from 11 Michigan-based alternative energy, manufacturing and life sciences companies offered insight on their company’s technology requirements.
To further advance the workshop’s second goal, representatives from Michigan’s Small Business Development Centers discussed their role in assisting university start-up companies.
"The key to increased technology commercialization in Michigan is stronger collaboration between universities and startup technology ventures,” said Carol Lopucki, state director, Michigan Small Business Development Center.“It is a win-win for both the higher education institution and the small business when these collaborations are executed for it maximizes use of resources, uniting the research and commercialization elements.”
In addition, the Small Business Association of Michigan offered information on its Partnership for Innovation program as an example of a successful university outreach program.This partnership with Michigan State University (MSU) is designed to develop and implement an MSU-focused Small Business Research and Development Grant Procurement Program.
“Small businesses that collaborate with research universities on their government-sponsored research and development grants to develop new, proprietary, commercially viable technological innovations have a distinct competitive advantage in grant funding,” said Mark Clevey, director of the Small Business Association of Michigan's Partnership for Innovation Program.“These small businesses become prime candidates for growth and excellent candidates for strategic alliances and third-party investment.”
The Michigan Economic Development Corporation, a partnership between the state and local communities, promotes smart economic growth by developing strategies and providing services to create and retain good jobs and a high quality of life.
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