Sales Opportunity: UMichigan $1.48 Billion R&D

If your laboratory supply or equipment company is looking for opportunities to increase sales in 2018, you need to look no further than the University of Michigan Marketplace.

Laboratory equipment suppliers wishing to market their products to the well funded researchers of UM, Ann Arbor should plan on participating in The 18th Annual BioResearch Product Faire™ event at the University of Michigan This is an excellent opportunity to meet face to face with life science researchers. Last year, this event attracted nearly 500 attendees. Of these attendees, 161 were purchasing agents, professors and post docs, and 82 were lab managers.

For more information call 530-272-6675 or click on the link below to reserve a space and increase your scientific sales in 2018.

for recent funding details see our previous blog

Michigan statistics for FY 2016/2017:  

University of Michigan (UM) has ranked number one in total research spending among public universities in the United States for the past seven years.

Just as impressive, the $1.48 billion spent in 2016/2017 represents a 6.4% increase over the previous finical year. Much of the university's funding came from federal grants. 

Also:

• $591.1 million in new research funding was awarded to Michigan Medicine teams. This funding came in the form of more than 3,705 grants and contracts from federal and state agencies, industry, foundations and others. This included a $58 million federal grant that funds the Michigan Institute for Clinical and Health Research.
• More than 16 percent of Medical School research funding came from industry. The U-M Business Engagement Center ranks the Medical School as the top U-M unit for industry funding. 
• The university collected $9.2 million in royalties and equity sales from medical inventions and innovations that arose out of Michigan Medicine research - more than 60 percent of U-M’s total income of this kind.
• Michigan Medicine research yielded 174 new inventions in 2017.
• Medical innovations from Michigan Medicine researchers accounted for 51 patent applications and 44 issued patents.
• U-M signed 84 new license or option agreements with industry based on Michigan Medicine discoveries.
• 5 new companies launched out of Michigan Medicine research.
• In 2017, Michigan Medicine made major improvements in its infrastructure for clinical research, to support research teams and study participants even better.