University of Michigan poised to reap windfall of research dollars

Wednesday, May 13, 2009 | Source: Ann Arbor Business Review
The University of Michigan's coffers are about to become very happy Barack Obama was elected president.

Excerpt:

The confluence of economic forces surrounding the University of Michigan's research and technology commercialization efforts makes for a paradoxical set of circumstances.

Some U-M researchers are experiencing trouble securing capital for their startup efforts.
But at the same time, U-M is by all accounts poised to reap a windfall of research dollars directly connected to President Barack Obama's $787 billion economic stimulus package.
Marvin Parnes, associate vice president of research for U-M, said administrative employees are working overtime processing all of U-M's funding requests.

"We are sending in enormous numbers of proposals for these funds," Parnes said.

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Government, Higher Education, Investment, Research, University Of Michigan 

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