Area business leaders, University of Michigan officials and members of the U.S. Department of Commerce met in Ann Arbor today to discuss the university's role in innovation, economic development, job creation and commercialization of federally funded research.
The Commerce Department's Office of Innovation and Entrepreneurship, which hosted the event at the Michigan League on UM's campus, designed the forum to generate incentives to spark commercialization at research universities throughout the U.S.
“Higher education is what is driving our local, state and national economies,” U.S. Commerce Secretary Gary Locke told the invited attendees. “We need to focus on active funding for our universities.”
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