West Michigan effort to develop promising medical innovations gets $187,000

Date: January 14, 2014

GRAND RAPIDS, MI – An effort to bring promising new medical innovations to market in West Michigan has received a $187,000 boost.

The Michigan Initiative for Innovation & Entrepreneurship awarded the grant to Spectrum-Community T2, a project created by Spectrum Health Innovations, Grand Valley State University and GR Current, a tech-driven startup incubator.

The project involves the creation of an innovation team that involves all three organizations:

• A graduate engineering student will work with Spectrum Health Innovations with design and prototyping

• A graduate business student will assist with market assessment and commercialization

• An experienced entrepreneur-in-residence, from GR Current, will provide oversight

Through GR Current – formerly called West Michigan Science and Technology Initiative – the project will have access to a network of technical and business expertise, early-stage capital, equipment and facilities.

“Each member organization and the community as a whole will benefit from this unique collaboration,” said J. Kevin McCurren, executive director of the Center for Entrepreneurship and Innovation in GVSU's Seidman College of Business. “We foresee the commercialization of ideas, hands-on learning experiences, and ultimately, the creation of new companies and job opportunities arising from these efforts.”

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