Michigan Economic Development Corporation (MEDC) officials honored several organizations and individuals last night for their successful commercialization endeavors at the Michigan Investment and Commercialization Success Celebration held at the Michigan State Capitol Rotunda.
"Our institutions of higher learning are percolating with new technologies that we must work to transfer to the private sector through commercialization," said Governor Jennifer M. Granholm. "Universities play an important role in economic development in our state, and I commend the commercialization successes we honored this evening."
Irvin D. Reid, MEDC Executive Committee member and Wayne State University president, distributed a total of 10 awards for excellence in commercialization in the fields of life sciences, advanced automotive technology, alternative energy, small tech, venture capital, angel investing and university and private sector partnerships.
“The award winners are excellent examples of what it takes to succeed in a commercial environment,” said Reid. “These successes showcase the entrepreneurial leadership, world class science and technology skills and research that exists in Michigan.”
The nominees were chosen on the basis of innovation, success in the marketplace and their contributions to Michigan’s economy.
The following is a list of winners in each category.
- DNA Software, Inc., Ann Arbor
Advanced Automotive Technology
- Dendritic Nanotechnologies, Inc., Mt. Pleasant
- Delphi Corporation, Troy
- Adaptive Materials, Inc., Ann Arbor
Life Sciences/Venture Capital
- QuatRX Pharmaceuticals Company, Ann Arbor
Venture Capital and Angel Investors
- Arboretum Ventures, Ann Arbor
- National City, Kalamazoo
University/Private Sector Partnerships
- Hubbell, Roth & Clark, Inc., Bloomfield Hills
Special recognition was given to Western Michigan University and Southwest Michigan First for their roles in retaining workers throughout Pfizer’s acquisition of Pharmacia. The two hosted job fairs and workshops to provide networking, business training and new company formation assistance.
Thus far, 62 companies and individuals have received recognition for their contributions to Michigan’s entrepreneurial success at the Michigan Investment and Commercialization Celebration. This is the fourth year the ceremony has been held.
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.
# # #