Tuesday, February 24, 2004
February 28 Is Deadline for Second Stage of Competition
"We never know if the next Henry Ford or William Upjohn might be behind one of this year's proposals, and that's one aspect that makes the process exciting," Granholm said. "Based on the letters of intent submitted, this year's Tri-Corridor competition is bound to result in some exciting research and commercialization projects that will go on to create new high-tech jobs for Michigan workers."
Letters of intent were received from universities, nonprofit and private research facilities, companies and individuals. A total of 96 are in basic or applied research, while another 126 are for services related to commercialization, such as venture fund investment, brokering services, Internet security, market research and strategic planning. The remaining 184 projects deal with technology ready for commercialization. All proposals are in the three sectors targeted by the Tri-Corridor: advanced automotive technologies, life sciences and homeland security.
"Michigan's history is rich with the stories of prolific innovators and entrepreneurs," said MEDC President and CEO Don Jakeway. "The Technology Tri-Corridor continues that tradition by seeking out and encouraging those with the best ideas and the drive to make them happen, with the ultimate goal of growing and diversifying Michigan's economy."
The expanded Tri-Corridor serves as a catalyst for research, development and commercialization in life sciences as well as fostering innovation in advanced automotive technologies and homeland security industries.
Final awards, expected to be announced in June, will be based on a competitive, independent peer review-based process conducted by the prestigious American Association for the Advancement of Sciences. AAAS will independently evaluate the proposals, interview candidates and make funding recommendations to the Tri-Corridor Steering Committee for final selections.
AAAS, publisher of Science magazine, is the world's largest association of scientists and engineers with 135,000 members.
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.