Tuesday, February 03, 2004
Governor Jennifer Granholm proposed the Technology Tri-Corridor as a way to build on the momentum created by the success of the public-private partnership model of the Michigan Life Sciences Corridor. The expanded Tri-Corridor aims to be a catalyst for research, development and commercialization in life sciences while encompassing development in automotive manufacturing and homeland security industries.
The annual competition for funding, administered by the MEDC, seeks aspiring entrepreneurs with innovative projects for research and commercialization ventures in the three high-tech sectors. Full proposals must be submitted by February 27, and will be accepted only from entrants who filed letters of intent by the January 30 deadline.
Final awards will be based on a competitive, independent peer review-based process. The prestigious American Association for the Advancement of Science (AAAS) will independently evaluate the proposals, interview candidates and make funding recommendations to the Tri-Corridor Steering Committee for final selections.
Winners are expected to be announced in June.
The Technology Tri-Corridor's new emphasis fosters opportunities that exist for crossover research and combining of resources between the three industries. As well, it is part of Michigan's continuing effort to diversify the 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.