u-m gets innovation funding

The University of Michigan has received $4.4 million from the Detroit-based William Davidson Foundation to support programs that encourage student and faculty innovation. Here’s how the university plans to distribute the funds:

• The U-M Medical School’s Fast Forward Medical Innovation effort will receive $2.9 million over three years. Fast Forward Medical Innovation supports technology commercialization based on the ideas of its faculty scientists and physicians.

• The U-M Office of Technology Transfer and Center for Entrepreneurship will receive $1.5 million over two years for designated programs. The tech transfer office will also launch the Digital Discovery Center to provide resources to encourage, assess and accelerate innovations in software and other digital matter.

• The funding will also support the launch of the MGoForward Program at the Center for Entrepreneurship at the U-M College of Engineering. The investment will provide for mentoring, training and technical support to graduating students with startups that show market potential.