Tuesday, October 26, 2004
$26.5 Million Available for Research and Commercialization in 2005
Governor Jennifer M. Granholm today announced that a request for proposals (RFP) has been issued for applicants interested in competing for $26.5 million in Michigan Technology Tri-Corridor funding. Awards may be used to fund research, development and commercialization projects in the life sciences field and other sectors that have applications to the life sciences.
"This funding provides the winning researchers and entrepreneurs an incredible opportunity to make products and services available to help make Michigan a global economic powerhouse in the 21st-century," Granholm said. "The development and commercialization of these products will continue to create new job opportunities for Michigan workers."
Granholm noted that about 100 new life sciences companies have been added in Michigan over the past four years alone.
Michigan universities, public and private research institutions and Michigan-based for-profit firms interested in competing for funding must submit pre-proposals to the Michigan Economic Development Corporation (MEDC) no later than November 17, 2004. The tentative date when full proposals will be due is March 9, 2005, with final selections expected to be announced in June, 2005. Applications are handled completely online at http://medc.michigan.org/ttc/
Life sciences proposals may include technologies that have cross-over applications to advanced automotive technology and homeland security, the other two sectors of the Technology Tri-Corridor initiative. Examples of cross-over technologies include sensors and measurement devices and bio-sensing, anti-toxins, food and water safety and security, and surveillance/ detection. Additionally, life sciences proposals may include technologies such as microsystems, MEMs, nanotechnology, and information technology that may have applications in all three Tri-Corridor industry sectors.
Funding decisions will be determined through a competitive, independent peer review-based process. The prestigious American Association for the Advancement of Science (AAAS) will independently evaluate the proposals and make recommendations to the Tri-Corridor Steering Committee. Interviews will be conducted for the most promising proposals before the committee makes its final award selections.
The Tri-Corridor program is administered by the MEDC, with the goal of growing the three high-tech, high-growth industries in the state to create new jobs for Michigan workers.
"After just a few short years of funding the life sciences sector, we are already seeing the positive results," said MEDC President and CEO Don Jakeway. "Whether big or small, the companies that will be incubated around this funding will have a positive impact on people's lives and Michigan's economy."
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.