Michigan University and Michigan Technological University have been granted $2.2m in total capital to support technology transfer.
The board of the Michigan Strategic Fund, the economic development agency of Michigan, has awarded $2.2m in funding to Michigan University and Michigan Technological University, according to Crain’s Detroit Business.
The money will go towards research commercialisation.
Michigan University’s College of Engineering transportation hub has been granted $1.7m, while Michigan Tech’s advanced materials hub secured $525,000. The grants will be allocated over the next two years.
Both hubs have also been made a part of Michigan Economic Development Corporation’s Michigan Translational Research and Commercialisation program. That initiative was created in 2016 with $3.5m in capital to accelerate tech transfer from universities across the state.
Michigan State University’s agriculture and biology program and Michigan University’s life sciences program were the first to become a part of the commercialisation program.
