With more than $1.3 billion in research expenditures annually, U-M is one of the world’s leading research universities. The University’s commercialization programs translate this research into real-world impact that revitalizes the economy, creates jobs and benefits humankind.
The Medical School’s Fast Forward Medical Innovation helps faculty researchers navigate the commercialization process via education, mentoring, and funding resources, and the University is one of two original, founding nodes of the National Science Foundation Innovation Corps program, run by the Center for Entrepreneurship at the College of Engineering. Since 2012, I-Corps has trained more than 1,300 researchers, students and mentors, with Michigan teams receiving more than $12 million in follow-on funding.
A host of programs address commercialization in the University’s Office of Research, such as the Office of Technology Transfer, the Michigan Venture Center and the Business Engagement Center.
Taken together, these efforts provide fertile ground to advance discovery for the public good, and have a consistent and tangible impact on the economy.
Find out more about the University of Michigan’s Office of Research.
U-M is helping to revitalize the economy as a business builder and jobs incubator. Our students and faculty have launched an average of one start-up company every five weeks and developed more than 1,600 patent applications since 2001, placing Michigan in the top 10 of all universities in entrepreneurship. Our research expenditures, at $1.33 billion, top all public universities, providing the groundwork for future growth.