The funding will be shared between Michigan Corporate Relations Network and Technology Transfer Talent Network, two schemes which assist all Michigan state-owned universities.

Two assistance programs for all Michigan-based higher education institutions have received $2.66m in funding from public-private investment partnership Michigan Economic Development Corporation (MEDC).

MEDC will administer the funds over the space of one year, channelling $1.4m into Michigan Corporate Relations Network (MCRN) and $1.26m into Technology Transfer Talent Network (T3N). Both are managed by University of Michigan.

Launched in 2011, MCRN manages certain university funding programs open to small businesses while publicising and working with entrepreneurs to improve their chances…