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Virtual Life Science Companies Launch and Tour
Date:10/22/2007

KALAMAZOO, Mich. and DETROIT, Oct. 22 /PRNewswire/ -- The Michigan Life Science Network has launched two new companies designed to rapidly stimulate new business for Michigan companies.

(Photo: http://www.newscom.com/cgi-bin/prnh/20071022/CLM120 )

The Michigan Virtual BioPharma Company, LLC and the Michigan Virtual Medical Device Company, LLC launched on October 16th at an exhibit during the MichBio Expo convention in Lansing, Michigan.

"In just the first two days since the companies launched we have identified 313 Michigan businesses and individuals seeking to offer 194 distinct business management and product development services to combine together in the new virtual companies. We will tour the state to find even more businesses that want to participate. This process will organize them into full service virtual companies for the first time and provide a new offering to market across the nation and the world," said Michael Debiak, president of Michigan Life Science Network.

The exhibit begins touring the state November 2 in TechTown Detroit. The tour will continue through November to any city, organization or university that wants to participate. In the exhibit, a ten foot graphical organization chart represents each of the two companies. The chart is intended to be visual and tactile to contribute to the overall understanding of and participation in the project. The goal will be to see how quickly all the state's life science companies and individuals can fill in who has each kind of expertise in the blank boxes. Each box is the size of a business card. Participants are invited to add their cards under the function they can provide in making up the whole company. Anyone interested in participating or hosting a location for the exhibit should contact Michigan Life Science Network.

"This is the first time I have seen an innovative approach to develop
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SOURCE Michigan Life Science Network
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