The University of Michigan in Ann Arbor is one of the most highly subsidized research institutions in the nation that has over $787M in annual life science R&D expenditures.
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In response to nationwide demand for bioresearch, many Midwest life science research institutions have taken advantage of added funding and high subsidies to significantly increase their R&D spending.
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A new report by Markets and Markets examines the growth of the biostimulants industry and expects the market to reach $2,241.0 million by 2018. The growth in consumer demand for biostimulants is the driving factor in the increased valuation of the market. Some important factors influencing demand are the environmental health and organic origin of biostimulants. The Compounded Annual Growth Rate of the biostimulants market is expected to be 12.5% over the next five years.
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Its true, for lab suppliers, the State of Michigan is rich with life science sales opportunities. With lots of federal funding, considerable private funding and targeted events designed to connect researchers with the tools they need. Two of the top players in the Michigan science marketplace are the University of Michigan at Ann Arbor and Michigan State University.
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Lab suppliers looking for a worthwhile life science marketing opportunity, consider looking in Michigan. Michigan has strong research and education programs, supported by both public and private sources.
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Biotechnology Calendar Inc.™ recently hosted our 2nd annual Michigan State Bioresearch Product Faire™ Front Line™ event on July 12 and it was such a success that we decided to spotlight the show in this blog. The MSU vendor show, one of our newer events, surpassed expectations to display all the characteristics of a stellar vendor show. Here are some facts and figures on the MSU show:
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