State-wide innovation hubs under the banner of Michigan Translational Research and Commercialization will receive money from the Michigan Strategic Fund.

Michigan Strategic Fund (MSF), a fiduciary agent administered by Michigan Economic Development Company (MEDC), has approved $2.6m in additional funding for state-wide innovation hubs under the Michigan Translational Research and Commercialization (Mtrac) banner.
Mtrac encourages the commercialisation of research from all Michigan higher education institutions, hospital systems and nonprofit research systems.

The innovation hubs are industry-themed centres each managed by a different Michigan institution – University of Michigan, Michigan State University, Michigan Technical University and Wayne State University.