Western Michigan model for technology commercialization

Sunday, February 01, 2004

You do not have to be big to try a bold idea.

Grand Valley State University in Grand Rapids has launched the West Michigan Science and Technology Initiative, an initiative to commercialize ideas for new medicines and medical devices.

There are a couple of interesting dimensions to this program. First, the initiative is not relying exclusively on a local research base. Instead, managers are negotiating technology transfer arrangements with national corporations and research institutions that will make technology available to local firms.

Second, the financing is shared. The city of Grand Rapids and GVSU fund the $200,000 annual operating budget for the program.Read more.

posted by Ed Morrison |

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