Resource Profile

The Michigan Translational Research and Commercialization Statewide Program (the “MTRAC Statewide Program”) is created pursuant to Section 88o of the MSF Act, MCL
125.2088o, to 1) encourage and work with the State of Michigan’s public universities to
identify commercial potential in advanced technologies from individual institutions of higher
education; 2) facilitate the bundling of inventions from individual institutions of higher
education into packages that could be of interest to private sector firms looking for
commercialization opportunities; 3) encourage business formation efforts in institution of
higher education technology transfer offices to increase the number of institution of higher
education related start-up companies; 4) encourage institutions of higher education to provide
their faculty with incentives for participating in the technology transfer and commercialization
activities; and 5) facilitate the use of applied research expertise within institutions of higher
education by qualified businesses.