{"id":570843,"date":"2010-05-19T14:43:01","date_gmt":"2010-05-19T18:43:01","guid":{"rendered":"http:\/\/www.technologytransfertactics.com\/content\/?p=6564"},"modified":"2010-05-19T14:43:01","modified_gmt":"2010-05-19T18:43:01","slug":"u-michigan-looks-to-parlay-new-research-complex-into-doubling-of-research-spending","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/570843","title":{"rendered":"U-Michigan looks to parlay new research complex into doubling of research spending"},"content":{"rendered":"<p>The University of Michigan (UM) is shifting into high gear the transformation of its North Campus Research Complex (NCRC) into the central hub of the university&#8217;s research and commercialization activities. The goal is to double UM&#8217;s $1 billion in annual research spending in 10 years and increase the number of start-ups and for-profit jobs created by commercializing university-developed technologies. Speaking to a group of VCs and entrepreneurs at the Michigan Growth Capital Symposium in Ypsilanti, Ora Hirsch Pescovitz, MD, CEO of the<strong> <\/strong>University of Michigan Health System, said the university will need about $200 million over the next three years to recruit faculty researchers, finance multidisciplinary research projects, and reopen shuttered lab space at the NCRC, which is the former home of Pfizer&#8217;s R&amp;D center. The university acquired the property last summer for about $108 million. The site occupies 174 acres, including 29 acres of vacant land and about two million square feet of office and lab space.<\/p>\n<p>Near-term plans include moving UM&#8217;s Office of Technology Transfer, Business Engagement Center, and recently formed Michigan Venture Center to the NCRC from leased space. Ken Nisbet, executive director of UM&#8217;s TTO, says the university plans to transform the NCRC into the central hub for the university&#8217;s private sector, tech transfer, spinoff, and venture activities. He hopes to complete the transition of the venture center into the NCRC within a year. Preliminary plans are to secure about 10,000 square feet within the former Pfizer facility to include a larger-scale business accelerator. The proposed accelerator would expand the school&#8217;s relationship with the venture community by housing entrepreneurs, VCs, angel investors, mentors-in-residence, and others involved with the creation of start-ups based on technologies developed at the university, Nisbet says.<\/p>\n<p>Source: <a href=\"http:\/\/www.crainsdetroit.com\/article\/20100516\/FREE\/100519902\/1069#\" >Crain&#8217;s Detroit Business<\/a><a href=\"http:\/\/www.crainsdetroit.com\/article\/20100516\/FREE\/100519902\/1069\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The University of Michigan (UM) is shifting into high gear the transformation of its North Campus Research Complex (NCRC) into the central hub of the university&#8217;s research and commercialization activities. The goal is to double UM&#8217;s $1 billion in annual research spending in 10 years and increase the number of start-ups and for-profit jobs created [&hellip;]<\/p>\n","protected":false},"author":67,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-570843","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/570843","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=570843"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/570843\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=570843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=570843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=570843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}