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Innovation

Innovation (11)

By Ron Kitchens
CEO, Southwest Michigan First
Group of Companies
rkitchens@southwestmichiganfirst.com

Launch MI Lab seeks lean bioscience startups

Written by | Sunday, 09 December 2012 23:11 |

In 2010, Richard West caught the entrepreneurial bug and founded his self-described dream company, West Labs Scientific LLC.

When seasoned advisers help out startup businesses, the benefit of that relationship goes both ways, according to Kim Klap, director of portfolio relations at Start Garden.

Companies can startup and launch new products while being economical with their available resources.

The notion sounds fairly simple: The more you pay attention to innovation, the more you innovate and grow your business.

As health care shifts from treatment of diseases to prevention, physicians will need more tools to determine patients’ predispositions toward diseases.

A new state program wants to make it easier for businesses to tap into the brainpower and resources at the state’s research universities.

Although the iLabs Innovation Index from the University of Michigan-Dearborn’s Center for Innovation Research rose by over 5 points in the first quarter of 2012, the post-recession recovery has been volatile at best.

Networks help innovators grow ideas

Written by | Tuesday, 04 September 2012 10:52 |

Orville Crain had what he believed was a great idea, but he needed some help.

The new satellite patent office in Detroit is the first of four new locations planned around the nation to spur innovation and creativity. 

Chase Lee, a 21-year-old University of Michigan student from Grand Rapids, co-developed an ideas marketplace where entrepreneurs could buy and sell ideas. But he and his business partner Alex Schiff, 21, another U-M student, decided that their original concept wasn't working because everyone wanted to sell and no one wanted to buy. 

Michigan Innovation Index rises

Written by | Friday, 30 March 2012 12:29 |

The innovation sector of Michigan’s economy continues to improve from recession levels, according to an index developed by iLabs, the University of Michigan-Dearborn’s Center for Innovation Research.

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