Michigan Life Sciences Corridor

MSU's Biomedical and Physical Sciences Building was built with money from the MLSC.
The University of Michigan built the Biomedical Science Building to conduct MLSC-funded research. The BSRB won the 2007 AIA honor award.

The Michigan Life Sciences Corridor (MLSC) is a $1 billion biotechnology initiative in the U.S. state of Michigan. It started in 1999 with money from the state's settlement with the tobacco industry. The MLSC invests in biotech research at four Michigan institutions: the University of Michigan in Ann Arbor, Michigan State University in East Lansing, Wayne State University in Detroit, and the Van Andel Institute in Grand Rapids. The Michigan Economic Development Corporation administers the program. In 2009, the University of Michigan added a 30-building, 174-acre (0.70 km2) North Campus Research Complex acquiring the former Pfizer facility.[1] A BioEnterprise Midwest Healthcare Venture report found that Michigan attracted $451.8 M in new biotechnology venture capital investments from 2005 to 2009.[2][3]

History

In 1998, the State of Michigan, along with 45 other states, reached an $8.5 billion settlement with the U.S. tobacco industry.[4] Former Governor John Engler created the Michigan Life Sciences Corridor in 1999 when he signed Public Act 120 of 1999.[5] The bill appropriated money from the state's settlement with the tobacco industry to fund biotech research at four of Michigan's largest research institutions.[6] Under the management of the Michigan Economic Development Corporation, the MLSC allocated $1 billion over the course of 20 years, including $50 million in 1999 to fund research on aging.[7] The following year, the MLSC awarded $100 million to 63 Michigan universities.[8] In 2002, Governor Jennifer Granholm incorporated the MLSC into the Michigan Technology Tri-Corridor, adding funding for homeland security and alternative fuel research.[9] With 10 years left in the program, the leaders of Michigan hope that such investments in high tech research will expand the State's economic base.

See also

References

  1. ↑ North Campus Research Complex.
  2. ↑ Metro Detroit, Michigan score high in biotech VC rankings. Metromode 12-17-2009. Retrieved on July 14, 2010.
  3. ↑ Midwest Health Care Startups Raise $780 M in 2009. BioEnterprise. Retrieved on July 14, 2010.
  4. ↑ O'Connor, Julie. "Wayne State major participant in Michigan Life Sciences Corridor research".
  5. ↑ Michigan Public Act 120 of 1999.
  6. ↑ Truscott, John. "Governor Signs Bill Creating "Life Sciences Corridor" in Michigan". Michigan Executive Office press release. July 19, 1999.
  7. ↑ MLSC Background and History.
  8. ↑ McMahon, Kathleen. "First Round of Life Sciences Corridor Funds Awarded". Michigan Economic Development Corporation press release. December 14, 2000.
  9. ↑ Kurz, Matt. "Bailey named to Technology Tri-Corridor Committee." October 21, 2003.

External links

Wikimedia Commons has media related to Michigan Life Sciences Corridor.
This article is issued from Wikipedia - version of the Tuesday, June 04, 2013. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.