350 High-Value Technical Equipment Items Available to Life Science
ANN ARBOR, Mich., Aug. 21 /PRNewswire/ -- Ann Arbor SPARK, the region's driving force of innovation and economic development, will soon launch the next phase of distribution through the Michigan Innovation Equipment Depot (MIED). MIED provides Michigan's life science start-ups with valuable research and technical equipment, donated by Pfizer and other leading companies.
"MIED is making a significant impact on Michigan's ability to attract and retain life science start-ups, and the high-value knowledge workers that support these businesses," said Michael A. Finney, CEO of Ann Arbor SPARK. "Helping companies that don't have the resources to obtain high-value equipment that's critical for research is a catalyst for moving companies forward in their life cycle. MIED directly supports Michigan's ability to incubate and grow businesses, and ultimately, the state's new economy."
MIED's phase four will make available 350 pieces of technical equipment previously donated by Pfizer. To date, MIED has provided more than 900 pieces of equipment to nearly 100 Michigan start-ups. This latest distribution is part of the $4.5 million in surplus lab equipment donated in January by Pfizer's Ann Arbor site. MIED is supported by $550,000 in funding from Michigan's 21st Century Jobs Fund.
Life science companies throughout the state can apply for equipment currently available through phase four of MIED, including high-value items like micro and mass spectrometers, UV Vis detectors, and GC systems. Like all equipment dispersed throughout MIED, this equipment, ranging in value from $5,000-25,000, is available to qualifying companies for licensed use for one percent of its value.
|SOURCE Ann Arbor SPARK|
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