(Photo courtesy of the University of Michigan Department of Engineering)
The University Research Corridor commissioned an Anderson Economic Group study of the URC’s contributions to the automotive sector. The 2012 report found that URC universities educate more than 3,600 graduates annually who are ready for technical careers in the auto industry and performed research in auto-related areas that totaled more than $300 million over five years.
I think certainly there has been an uptick in entrepreneurship in the state, and I think a lot of that is owed to the URC getting more involved in economic development in the last 10 years.
The URC is an incredible asset for our industry, state, and citizens in terms of the scale of R&D conducted at its universities in critically important areas. Medical and healthcare discoveries with the potential to improve and save lives position Michigan as a top state for innovation in the life, medical and health sciences.
The University Research Corridor showcases Michigan’s world class universities, economic competitiveness, and scientific breakthroughs being made every day in our state. This innovative partnership is creating jobs, fostering relationships with all types of businesses, from our largest corporations to smallest entrepreneurial businesses, and driving innovation in all sectors of our economy.