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.
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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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The William Davidson Foundation has awarded $4.35 million to the University of Michigan to support medical innovation and help bring ideas from the laboratory bench to patient bedsides.
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Last week the University of Michigan announced a plan to establish a new 7,800-square-foot Emergency Critical Care Center, or EC3, through close partnerships between the University of Michigan Health System’s adult emergency department and ICU teams. This $7 million EC3 is designed to ensure patients a smoother transition from emergency rooms to other critical care units.
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The Michigan Life Science Corridor is a life science research consortium based at four Michigan universities: Michigan State University, the University of Michigan, the Van Andel Institute in Grand Rapids, and Wayne State University. It was established in 1999 with a $1 billion state tobacco lawsuit settlement and provided a network of advanced technology laboratories for academic researchers. The state of Michigan plans to award $50 million annually for the next 20 years to the consortium to continue to accelerate life science research and cutting edge discoveries.
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The University of Michigan’s pioneering crowd-funding approach to funding research may interest lab suppliers interested in marketing their life science solutions and university lab equipment at Michigan life science marketing events. In years past, medical research has been funded through federal agencies and private funders that require scientists to submit proposals and wait long periods of time for results. The system is intended to fund the best-executed and most innovative university research, but is it always effective?
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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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With bioresearch funding and expenditures in excess of $1 Billion, research is central to all 19 schools and colleges at the University of Michigan-Ann Arbor, so whenever a list of new funding recipients for a particular grant program is announced, we know we’ll see U-M investigators right there. That’s the case with a recent NIH genomic research measure that awarded $1.2M to U-M’s Dr. Mats Ljungman, a radiation oncologist who studies the mechanisms of DNA damage-induced gene expression. Get the complete list of awardees for the ENCODE program’s latest funding round in a
recent UMich Science Market Update article.
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