Life Sciences Grants Are Lower
Granholm said the “new awards will help maintain our momentum toward developing Michigan’s national prominence in life sciences research, commercialization and job growth.”
The award is 60 percent of an original commitment of $50 million a year in tobacco settlement money. This week, in fact, is the anniversary of a Michigan Economic Development Corp. announcement of $45 million in funding for 18 research and commercialization life sciences corridor projects.
Granholm also said $2 million of the $30 million building block is going into a new emergency fund to help recently laid-off Pfizer scientists and professionals start up new business ventures.
She said that keeping such workers in Michigan has been one of her priorities since Pfizer’s acquisition of Pharmacia resulted in the loss of key research positions in several Michigan cities.
The largest single award this year provides more than $3.4 million in basic research funding for a Wayne State University project to integrate bioengineering and biocomputing for the advancement of research in computer-assisted surgery.
Seneca Health Partners, based in Birmingham, received a $1.5 million award to start a new health care venture capital fund.