Thursday, February 03, 2005
Michael Shore, MEDC
Steering Committee Selects Best 85 to Submit Full Proposals
"The Technology Tri-Corridor is vital to diversifying Michigan's economy and to creating high-tech jobs for 21st century workers," Granholm said. "The quality of this year's applications is a testament to the strength in research and entrepreneurial spirit that has made Michigan one of the fastest-growing life sciences states in the nation."
The 85 applicants invited to submit full proposals are seeking a total of $102 million, as follows:
Category I, Basic Research at universities or non-profit research institutions: 43 projects representing $55.7 million
Category II, Collaborative Applied Research between universities and non-profit institutions and for-profit companies: 27 projects representing $32 million
Category IIIa: Commercialization Services for for-profit companies: five projects representing $4.5 million
Category IIIb: Commercialization Investment for for-profit companies: 10 projects representing $9.7 million
The complete list of finalists and their project descriptions is attached.
The Tri-Corridor Steering Committee's decision today was based on a competitive, independent peer review-based evaluation of the pre-proposals conducted by the prestigious American Association for the Advancement of Sciences (AAAS). The 85 candidates will now have until March 9 to develop and submit their full proposals. After this deadline, the AAAS will independently evaluate the proposals, interview candidates and make funding recommendations to the Steering Committee for final selections.
"Through this process we are seeking and encouraging the best ideas, and providing the key funding needed to generate successful products and successful companies right here in Michigan," Michigan Economic Development Corporation President and CEO Don Jakeway said.
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.