For Immediate Release
Wednesday, Feb. 6, 2013
Incubator to play key role in advancing research, economic growth
Sterling Heights, Mich. – The Macomb-OU INCubator has been selected by the Michigan Economic Development Corporation (MEDC) to administer the Defense Advanced Research Projects Agency (DARPA) Federal Matching Program for the State of Michigan.
DARPA was established in 1958 to prevent strategic surprises from negatively impacting U.S. national security and to create strategic surprise for U.S. adversaries by maintaining the technological superiority of the U.S. military. To accomplish this, DARPA supports revolutionary, high-payoff research, bridging the gap between fundamental discoveries and their military use.
Through the Macomb-OU INCubator, the DARPA Federal Matching Program will help bring more coveted research dollars to Michigan, leverage investment funds, create new revenue, retain and create jobs and enhance the development of cutting-edge technologies. The incubator will use its ties with the defense and business development communities to increase DARPA engagement in the State of Michigan.
With the benefit of $766,036 allotted over a two-year term, initiatives to develop the program are four-fold. They will include an assessment of current DARPA activity in the state, DARPA training for Michigan businesses and Michigan university faculty, sponsorship programs for DARPA Grand Challenges and a DARPA Matching Funds Program.
"By funding these types of innovative programs, the Michigan Strategic Fund (MSF) and the MEDC are helping to further their brand and amplify Michigan as a high-tech business environment," said Larry Herriman, director of the Michigan DARPA Matching Funds Program and assistant director of the Macomb-OU INCubator.
"Having the foresight to encourage these cutting-edge, advanced-research activities, like the ones typically undertaken by DARPA, are what will define Michigan as a state with an inspiring entrepreneurial environment and a promising future."
Funds for this initiative were provided by the 21st Century Jobs Fund, an MSF program designed to accelerate the growth and diversification of Michigan's economy. The MEDC, a public-private partnership between the state and local communities, provides administrative support for the 21st Century Jobs Fund. The MEDC markets Michigan and provides the tools and environment to drive job creation and investment. For more information on the 21st Century Jobs Fund initiative, visit MichiganAdvantage.org.
The Macomb-OU INCubator provides comprehensive development and support to startup and emerging businesses with a focus on the defense, homeland security, advanced manufacturing and technology sectors. For more information, visit the incubator website at oakland.edu/macombouinc or call (586) 884-9320.
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Oakland University is a doctoral, research-intensive university located in Oakland County, Michigan. The university has 139 bachelor's degree programs and 127 graduate degree and certificate programs. Dedicated to delivering a distinctive undergraduate experience that is complemented by the strength of its graduate offerings and research accomplishments, Oakland University is organized into the College of Arts and Sciences, the Oakland University William Beaumont School of Medicine and the Schools of Business Administration, Education and Human Services, Engineering and Computer Science, Health Sciences, Nursing and The Honors College. Visit Oakland University on the Web at oakland.edu.