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Michigan Life Science Network: Virtual Companies Get Global Reception
Date:10/15/2007

KALAMAZOO, Mich., Oct. 15 /PRNewswire/ -- In only a few days since the announcement of tomorrow's launch, the Michigan Life Science Network has already received dozens of inquiries from around the world to do business with the new Michigan Virtual Companies.

The Michigan Virtual BioPharma Company, LLC and the Michigan Virtual Medical Device Company, LLC were announced last week to be launched at an exhibit at 5:00 p.m. on October 16, 2007, during the MichBio Expo annual convention in Lansing, Michigan. The Virtual Companies are designed to stimulate new business within the emerging life science industry in the state.

The Virtual Companies will pull together the knowledge and qualifications of the 600 plus human life science businesses scattered across the state, organize them into a full service pharmaceutical company and full service device company and then, market them across the nation and the world.

"We knew the power of organizing the knowledge and resources of all these state businesses into a unified new 'virtual' offering to the marketplace. But we were surprised at how quickly the concept was understood around the world. We were contacted almost immediately with inquiries to do business with the Michigan companies and we haven't even launched yet," said Michael Debiak, President of Michigan Life Science Network.

At the exhibit, and in the following multi-city Michigan tour, the Virtual Companies will be created by using crowdsourcing, a "wiki" procedure where each member adds their knowledge and understanding of their part for the benefit of the whole. Using the wisdom of the disparate Michigan companies themselves, the process will quickly create unity, new value, and knowledge of each other.

The Virtual Companies Project is sponsored by the members of the Network themselves and the financial and professional support of Kreis, Enderle, Callander & Hudgins, PC, TCF Bank, Grubb & Ellis|Paramount Commerce, OnCore USA, and Comerica Bank.

"Within 12 hours of the launch announcement we were contacted by a Chinese company asking how we can help them commercialize a pharmaceutical product for the American market. We continue to have inquiries about how soon we can bring our services to the marketplace from Europe and Asia, as well as life science powerhouses like New York, California and Research Triangle Park in North Carolina. This response shows we need to move even faster to take advantage of the opportunities for new business in Michigan. We originally were thinking of taking the Virtual Companies to market in April. We might want to rethink that now," said Debiak.

For more information about the Michigan Life Science Network or the launch of the Virtual Companies, please contact:

Michael Debiak

President

Michigan Life Science Network

mike@milifesciencenetwork.com

269-353-1575

Offices in Ann Arbor, Kalamazoo, and TechTown Detroit

The Michigan Life Science Network, LLC was founded in early 2007 as a private enterprise business cooperative to stimulate new, better and more business for all life science businesses in Michigan. Using advanced communications, marketing/sales technology and techniques, the Michigan Life Science Network will bring in new business as a service to the 600 plus individual business members in the state. The Network is unique in that members pay no membership fee and do not need to apply to participate. The Network is driven by urgency and the rules of market place forces, and measured in creating new value, revenue and margin for members.


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SOURCE Michigan Life Science Network
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