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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
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SOURCE Michigan Life Science Network
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