©2018 Michigan Economic Development Corporation

Michigan Automotive Technology Business Accelerator Request for Proposals Issued

Wednesday, August 23, 2006

Michael Shore
(517) 335-4590

Governor Jennifer M. Granholm and Michigan Economic Development Corporation President and CEO James C. Epolito today announced the Michigan Strategic Fund (MSF) has issued a request for proposals (RFP) for an automotive technology business accelerator to help boost research, development and commercialization of innovative technologies and products under the 21st Century Jobs Fund initiative. The MEDC will provide administrative services to the MSF Board for the RFP process.

The MSF board estimates that $6 million will be awarded to support the automotive technology business accelerator. The funds shall be used for international business development, to encourage development of competitive edge technologies through the creation of early stage seed funds, and to support the outreach and growth of technology based businesses and professionals.

The Request for Proposals is available online at www.michigan.org/medc/ttc/21stCentury/MSFboardalong with the specifics on the application process. Proposals must be submitted electronically and are due no later than September 13. Award recommendations are expected in late September.

Questions regarding the request for proposal process may be submitted via email to Jodi Hankerd at hankerdj@michigan.org. Questions must be received by email no later than 2 p.m. on August 30.

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. For more information on MEDC initiatives and programs, visit the Web site at www.michigan.org.

# # #