Funding

MTRAC Transportation

The Michigan Translational Research and Commercialization (MTRAC) program was developed to fund translational research of novel, commercially viable technologies. The program provides resources and support to translational University of Michigan College of Engineering and the U-M Transportation Research Institute projects. Transportation applications that demonstrate high commercial potential are granted access to support which includes up to $100K in research funding for proof-of- concept and late-stage translational activities, with consultation and mentoring from industry and investment experts outside the University.

Monroe-Brown Biomedical Seed Fund

The Monroe-Brown Biomedical Seed Fund (M-B Seed Fund) invests in biomedical startup companies with U-M licensed IP in the domain of therapeutics, devices, diagnostics, or health IT. The M-B Seed Fund is a collaborative effort between the U-M CFE and U-M Medical School’s Fast Forward Medical Innovation program (FFMI) program.

With a $3M gift from the Monroe-Brown Foundation, the M-B Seed Fund awards $50-300K to biomedical startup companies with underlying technologies from both the university’s engineering and medical schools. The Fund serves to drive the university’s world-class leadership by creating a critical pipeline between research and the biomedical innovation life cycle. The goal is to continue in our efforts to attract world-class research talent to U-M and the broader Ann Arbor entrepreneurial ecosystem, securing the university’s position as the leader in translational research.

Coulter Translational Research Program

The U-M Coulter Translational Research Partnership Program is a commercialization fund that seeks to accelerate the development of university technologies into new products to improve health care.The program funds 5-7 projects per year for an average of over $100,000 each. Each project must involve a collaboration between UM faculty from any college of engineering department and a practicing clinician from a clinical department. Each project aims to generate a new medical device, surgical tool, diagnostic assay or other biomedical tool and is mentored by a team of industry experts to guide projects to the point of start-up, partnering with industry, and/or follow-on funding.

Customer Discovery Fund

The Engineering Customer Discovery Fund is available to U-M College of Engineering faculty, researchers and PhD students who are looking to attend a commercialization training program focused on identifying a specific commercial market where the technology addresses a significant need. Teams will receive ~$2,000 to use toward travel and customer discovery expenses associated with the program. For more information, contact Lauren Sheridan, laurensh@umich.edu