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The University of Michigan incubator sets out to fast track ideas

from The Detroit News

The University of Michigan (U-M) unveiled an incubator to help university researchers and fledgling companies put their inventions on the fast track to the marketplace. The Tech Transfer Venture Accelerator, led by the U-M Technology Transfer Office, provides space at minimal cost to startup companies headed by faculty entrepreneurs and others in Pfizer's former two-million-square-foot facility in Ann Arbor. There are five initial startup firms. Entrepreneurs, investors and businesses can collaborate on research and technology that can be spun off to companies such as Ford Motor Co. or Dow Chemical Co., or form the basis for a separate company, said Ken Nisbet, executive director of the U-M Tech Transfer Office. more

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