Colleges Step Up to Aid Michigan Economy

In what could be a key boost to Michigan's economy, the state's 15 public universities plan to announce today a new effort to create 200 start-up companies over the next decade.

The Michigan Initiative for Innovation & Entrepreneurship aims to award $75 million in entrepreneurship grants over the next seven years. The money will help speed the development of new ventures created at the schools as well as support entrepreneurial education and internship programs.

Full-text article by Katherine Yung is available via Freep.com, 7.16.08.