Kettering University is working with public university partners, including U-M-Flint, on a $35,000 grant that will Empower The Next ENtrepreneurial GENeration (EnGen) in Mid Michigan.
Kettering University is working with the University of Michigan-Flint, Central Michigan University, MichiganState University and Saginaw Valley State University on a $35,000 grant through the Michigan Initiative for Innovation and Entrepreneurship consortium. The grant was announced June 24 inLansing.
Here is a story with more details from WWJ’s Great Lakes IT Report:
Michigan universities boost commercialization
A program to helpMichigan’s public universities create new entrepreneurs and speed commercialization of research is finding success just one year after making its first grants to universities around the state, officials from the Michigan Initiative for Innovation and Entrepreneurship consortium, and researchers said Wednesday, June 24, at a news conference at the State Capitol.
"MIIE is having a tremendous impact at universities who have research projects that require additional funding to move them toward commercialization,” said Marvin Parnes, Associate Vice President for Research and Executive Director of Research Administration, University of Michigan. “Our efforts have allowed important research projects continue that could one day create much-needed jobs and companies in Michigan.”
Parnes’ comments came as MIIE announced $1.5 million of additional funding for 25 projects at public universities, the third round of funding for projects acrossMichigan. To date MIIE has provided $3.4 million in funding to help commercialize 29 university-born research projects and 25 projects to encourage entrepreneurship throughout the state.
MIIE is succeeding in creating innovative opportunities for students to become entrepreneurs, said Joel Rash, manager of The Launch Pad, which is hosting a student business “hatchery” at theUniversityofMichigan-Flint. The Launch Pad received $45,000 from MIIE last year, and is one of several entrepreneurship programs funded by MIIE. “This difficult economy has created tremendous opportunities for smart, agile young start-ups," Rash said. "Recapturing mid-Michigan’s entrepreneurial heritage is essential to our future, and this effort is a crucial first step.”
The university’s intensive support for the students’ business ideas has borne fruit, building capacity among new tech firms, creating graphic design and video production service companies, and providing support for streamlined processes for Tier 3 and 4 auto suppliers.
See the entire WWJ/Great Lakes story at
Written by Pat Mroczek and WWJ sources