Established in October 2010, Michigan Tech Entrepreneurial Support Corporation (MTESC) helps University researchers advance through the process of realizing societal and economic impact through commercialization of their discoveries. MTESC's mission is to help move early-stage discoveries from university labs into successful commercial enterprises.
Numerous researchers at Michigan Tech make discoveries and develop inventions that could benefit society through becoming marketable products. Fundamental steps to achieving this ultimate benefit include proof of concept demonstration as well as associated technical and business de-risking activities which are essential to the creation of start-up companies which can attract investment capital and support applied and translational research activities on the path to end-user implementation.
MTESC operates as a proof-of-concept center and corporate incubator to enable early stage technologies to be developed into the foundations of viable start-up companies. A gift from a private donor funds MTESC's operating expenses and small, competitive grants.
The MTESC will be a complement to—not a replacement for—current technology and economic development activities in the community, such as those supported by the Michigan Economic Development Corporation, the MTEC SmartZone, and others.
As a private non-profit corporation MTESC and the affiliated for-profit Corporation Superior Innovations can operate and seek funding independent of the University in complementary ways. Since 2014, Superior Innovations has provided a total of $117,500 in support of six commercialization projects or companies. This modest investment which filled critical gaps in the early stage development of innovative new technologies has resulted in over $5.6 million in follow-on funding in translational research and development activities within the University and commercialization activities within startup companies formed based on technologies emerging from Michigan Tech’s research labs.