Venture Accelerator Opens at the University of Michigan

accelerator-thumbU-M on January 18, 2011 officially opened its Venture Accelerator at the North Campus Research Complex to provide space and resources for new businesses based on U-M technology. The Venture Accelerator will provide laboratory and office space, as well as business services, to startup companies emerging from the pipeline of new ventures at U-M Tech Transfer. One U-M startup company has already moved in and four others are expected to be there within weeks. [First tenants move into new Venture Accelerator for U-M start-up businesses, U-M News Service] The first tenant, Life Magnetics, arrived Dec. 20, 2010. The other four companies are Phrixus Pharmaceuticals, EngXT, 3D Biomatrix and Civionics.

…and here is what others reported on the opening of the University of Michigan Venture Accelerator… accelerator ribbon cutting

U-M high-tech incubator gives start-up companies a place to grow
Detroit Free Press
For the first time in the University of Michigan’s 194-year history, new companies formed to commercialize technology developed at the school have their own space to grow. The new Venture Accelerator, on the second floor of a former Pfizer facility, is offering affordable office and laboratory space and other resources for 15 of the most promising start-up firms spun off from the university’s research…

U-M incubator sets out to fast-track ideas
The Detroit News
The University of Michigan unveiled Tuesday 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…

First tenant at University of Michigan’s incubator pursuing device to speed bacterial infection tests
AnnArbor.com
U-M spinoff Life Magnetics, which says it has developed a device that shortens the time to determine a patient’s bacterial response to antibiotics, signed a deal to become the first tenant of the U-M Technology Transfer Office’s new 16,000-square-foot business incubator, which is housed in a building at the former Pfizer complex. Life Magnetics, officially incorporated in 2009, is renting 1,400 square feet of lab space at the “Venture Accelerator” facility on what U-M is calling its North Campus Research Complex…

UM Opens Biz Accelerator In Former Pfizer Space
Great Lakes IT Report, WWJ-AM
The University of Michigan showed off its initial crop of incubator companies at its new Venture Accelerator Tuesday. Housed in an office and lab building formerly used by Pfizer Inc., part of the two-million-square-foot, 30-building complex the university bought in 2008, the companies range from pharmaceutical development to high-tech magnetic field detectors used by the space program and the electronics industry…

U. of Michigan set to open business incubator in sprawling complex it bought from Pfizer
Associated Press
When drugmaker Pfizer Inc. announced four years ago it would close its massive research and development center in Ann Arbor — the home of University of Michigan — academic and government leaders were stunned at the punch in the economic gut. Four years later, after an unlikely series of events during Michigan’s long, painful recession, officials call the redevelopment of the 174-acre, 30-building North Campus Research Complex as a starting point for the state’s economic recovery. University leaders on Tuesday officially unveiled the Venture Accelerator, a business incubator for startup companies possessing promising technology bubbling up from the university’s classrooms and laboratories…

U-M Welcomes Startups to New Venture Accelerator on Former Pfizer Campus
Xconomy.com
“There’s not any other place I’d rather be right now,” Brandon McNaughton said standing at the door of his lab space at the University of Michigan’s Venture Accelerator, which opened officially on Tuesday. Those aren’t words most would expect to hear from a California native looking to launch his own start up. But McNaughton, the founder of Life Magnetics—an Ann Arbor-based company that aims to provide a faster means for testing whether antibiotics are slowing bacterial growth by measuring the rotation rate of tiny magnetic beads placed in a bacterial solution—says he couldn’t have imagined his company taking off anywhere else…

U-M biz engagement, tech transfer offices move to NCRC; Venture Accelerator opens
Concentrate
The University of Michigan’s Office of Technology Transfer, Business Engagement Center, and its medical school’s Business Development group have put their heads together, moving into common office space last fall at the North Campus Research Complex. The groups held an open house last night to welcome the public to their new quarters and celebrate the opening of the Venture Accelerator, a business incubator also housed in the complex that offers office and lab space and business services to start-ups at the university…

Comments are closed.