The University Research Corridor -- comprised of Wayne State
University, University of Michigan and Michigan State University -- has
resources comparable to North Carolina's Research Triangle and Boston's
Route 128 Corridor, according to research conducted by Anderson
Economic Group.
Excerpt:
Among the key findings:
- URC spends well over $1.3 billion per year on research and development. That’s comparable to -- or more than -- the URC's counterparts in Massachusetts, North Carolina and Pennsylvania. In 2004, URC ranked highest among the four groups. By 2005, however, North Carolina pulled ahead due to its accelerated growth rate.
- URC outranked its Pennsylvania and North Carolina peers in the number of patents granted and licensing revenue, two strong measures of innovation and economic growth, with an average of 126 patents per year compared to 111 in North Carolina and 123 in Pennsylvania. The Massachusetts cluster of Harvard, MIT and Tufts were granted 204 patents.
Read the entire article
here.
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