Research corridors are not new. In our neighbor to the north, the University Research Corridor has been a strong performer over a number of years.
The State Science & Technology Institute has this brief recap of a recent analysis:
Michigan’s University Research Corridor, an alliance of Michigan State University, the University of Michigan and Wayne State University, conducted $1.2 billion in academic R&D in the life, medical and health sciences, and served as a stabilizing force to the state’s economy as one of the only sectors that grew during the 2000s. Those are among the findings of the 2017 URC sector report, which was prepared by Public Sector Consultants.
The report, Leading Discovery: URC Contributions to the Life, Medical and Health Sciences, notes that employment in the life, medical and health sciences sector, which accounts for one in eight jobs in Michigan, is up 18.9 percent since 2000, compared to overall Michigan employment, which is down 9.3 percent.
The URC also was successful in moving discoveries out of the lab and into the marketplace. From 2012 to 2016, the following results relating to the life, medical and health sciences sector were found:
• 1,348 inventions reported by researchers
• 380 U.S. patents issued
• 433 new license agreements
• 32 new startup companies
• $142 million in royalties earned