Mi-TRAC Hub Funding Open for Applicants
The Mi-TRAC Hub provides resources to support translational projects in the life sciences with high commercial potential. The Mi-TRAC Hub is administered by Fast Forward Medical Innovation and the Office of Technology Transfer at the University of Michigan and is open to investigators at any public university, non-profit research center or health system in the state of Michigan.
The Mi-TRAC Hub includes research funding for late-stage translational studies, regulatory guidance, business plan development and mentorship from industry and investment experts. The Mi-TRAC Hub is focused on four specific market segments, or “verticals”: medical devices, diagnostics, therapeutics and digital health/IT.
The Mi-TRAC Award offers 1-year of funding in the range of $100K-$250K (direct cost), with all budgets requiring a tiered cost share from the investigator/institution based on institutional research expenditures. Applicants are anticipated to be 12-24 months from a University “exit” in the form of a license into a start-up company or to an existing revenue-generating company. Proposals to the Mi-TRAC Award must be submitted to the “Innovation Hub – Mi-TRAC for Life Sciences (2020)” competition via InfoReady. Proposals are due by 5 p.m. on Thursday, Oct. 10.
It is strongly suggested that investigators interested in applying contact the Program Director, Michelle Larkin (734-615-7886, firstname.lastname@example.org) to discuss the technology, its stage of development and suitability for the Mi-TRAC Award. Cost-share requirements are tiered based on institutional research expenditures with a 25 percent of the direct costs for applicants from Michigan Technological University.