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The Michigan Economic Development Corporation Signs BBC to Assist Michigan's High-Tech Entrepreneurs

Thursday, July 01, 1999

Kathleen McMahon
(517) 335-4590

The Michigan Economic Development Corporation today announced that Biotechnology Business Consultants (BBC) has been contracted to perform high-technology commercialization assistance duties for Michigan. Responsibilities will include assisting technology-oriented start-up businesses and university spin-outs, providing early stage assistance to help would-be entrepreneurs get off the ground. Services will provide assistance in such things as proof of concept financing, business planning, grant writing and staff recruitment. "Michigan's public and private research organizations often receive recognition as national leaders in research and development activity," said Doug Rothwell, president and CEO of the Michigan Economic Development Corporation. "This program will ensure that these investments will lead to a like amount of investment in Michigan-based technology-oriented enterprises."Plans for a commercialization assistance program, or CAP, were unveiled in April at the Governor's Innovation Forum. The formation of a CAP is part of the state's new technology plan, which is outlined in the recently released report entitled, "State Smart: Michigan." "This is a unique service," Rothwell said. "Though there are a number of similar businesses in the state, BBC's unique qualifications stand out."Biotechnology Business Consultants was formed in 1990 by Marilyn (Mickey) D. Katz-Pek. Katz-Pek and Lisa Kurek are the company's general managers. BBC's services include business development and strategic planning, assistance in obtaining financing, interim business management for early stage technology companies, technology assessment with emphasis on commercialization opportunities, market research and market evaluation, negotiations of license agreements, joint ventures and corporate partnerships, facilitation of technology transfer, and project and market planning for new product introduction. The company's clients include Accumed Systems, Thromgen, University of Michigan Medical School, Wayne State University and Avalon Investments. BBC will officially assume its role on July 12.