Regional Partnership to Boost University Tech Commercialization in Michigan

Catering to high-tech companies built on innovation, the nonprofit regional collaboration dubbed SPARK, hopes to transform Ann Arbor, Mich., into more of an entrepreneurial hub and triple the number of technology jobs within five years.

University, business, government and community leaders are partnering to provide services to new and emerging high-tech businesses and organizations within biotechnology, information technology, energy, advanced manufacturing, and security. Five primary services to be offered include business acceleration, business outreach, talent development, early-stage funding, and regional marketing and events.

The idea for SPARK grew out of a discussion last year with University of Michigan (UM) president Mary Sue Coleman. The university’s Tech Transfer National Advisory Board maintained that, in order for the university’s tech transfer efforts to reach full potential, the region needed to be a more fertile ground for innovation and business creation with the ability to attract talent and resources.

SPARK already has raised $2 million toward a $3 million, three-year operating goal with the largest commitment coming from UM. The university pledged $600,000 over the next three years with an additional $400,000 to follow if the program is successful.

More information is available at http://www.annarborspark.org/.

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