$7.5 million fund aims to boost UM medical discoveries

Posted on March 4, 2013

ANN ARBOR (AP) — A new $7.5 million fund aims to help University of Michigan medical discoveries move from the laboratory to the market.

The university said Monday that the effort would help its Medical School and Office of Technology Transfer identify and advance medical research projects with a high potential for commercial success.

The fund will be called the U-M MTRAC for Life Sciences. MTRAC stands for Michigan Translational Research and Commercialization.

The effort is funded in part by a $2.4 million grant from the Michigan Economic Development Corp.’s21st Century Jobs Fund.

It’s one of several research commercialization efforts funded by the MEDC.

Associated Press, Crain’s Detroit Business.