Friday, July 26, 2002
$45 Million Appropriation To Be Used for Research and Commercialization
The Michigan Economic Development Corporation today issued a request for proposals (RFP) from applicants interested in competing for $45 million appropriated for 2003 Michigan Life Sciences Corridor funding.
Awards will be distributed for life sciences research, development and commercialization.Michigan 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 by September 4.
"We are looking forward with anticipation to a new round of innovative proposals that will further solidify Michigan’s reputation as an advanced life sciences state," said Doug Rothwell, president and CEO of the Michigan Economic Development Corporation and chairman of the Michigan Life Sciences Steering Committee.
The prestigious American Association for the Advancement of Science (AAAS) will independently evaluate the pre-proposals and make recommendations to the Steering Committee.The Steering Committee will then invite a limited number of pre-proposal applicants to submit full proposals.After the full proposals undergo peer review by the AAAS, finalists will be selected by the Steering Committee to receive awards in April 2003.
“It is an intense and lengthy process, but one which has proven effective in helping to distinguish the very best from hundreds of excellent proposals,” Rothwell said.“These awards act as a catalyst for creating new life-saving and life-enhancing products for the people of Michigan and around the world.”
Funding for this year’s awards are part of the $1 billion Michigan has committed over the next 20 years from Michigan’s share of the tobacco settlement to fund life science research, commercialization and development projects.
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.
# # #