Upload
clinton-habersham
View
214
Download
2
Embed Size (px)
Citation preview
Michigan’s Michigan’s 2121stst Century Jobs Fund Century Jobs Fund
Michigan’s 21Michigan’s 21stst Century Jobs Fund Century Jobs Fund
Program overview Commercialization Development Fund
mission Eligible organizations and activities Funding competition Timeline Questions and answers
Michigan’s 21Michigan’s 21stst Century Jobs Fund Century Jobs Fund
A $2.0 billion, long-term focus on growing and diversifying our economy with emphasis on developing competitive edge technologies
2121stst Century Jobs Fund Century Jobs Fund“Jump start the economy now and diversify and grow “Jump start the economy now and diversify and grow
our economy for the future”our economy for the future”
Increase Capital Investment
Increase Commercial Lending Activity
Encourage the Development and Commercialization of Competitive Edge Technologies
2121stst Century Commercialization Century Commercialization Development Fund—2006Development Fund—2006
Up to $100 Million for 2006 Overseen by 19-member independent
Strategic Economic Investment and Commercialization Board
Broadened Technology Eligibility Potential for Two 6-Month Funding
Cycles Per Year Put Capital to Work by July, 2006
Commercialization Development Commercialization Development Fund Mission Fund Mission
Capitalize on the best research and commercialization opportunities in competitive edge technologies to foster a robust, entrepreneurial private sector, thereby enhancing economic growth and diversifying our economy.
Mission
Eligible Programmatic ActivitiesEligible Programmatic Activities
Commercialization (products, processes, services)
Fund Basic Research (max. 10%)
Invest in Applied Research
Coming Summer 2006… Attract Federal research dollars Leverage SBIR/STTR funding
Life SciencesLife Sciences
– Bioengineering– Biomedical engineering– Genomics– Proteomics– Molecular and chemical
ecology
–Biotechnology–Pharmaceuticals–Medical Devices–Instrumentation–Diagnostics–Biotechnology Research and Ancillary Services
Means science for the examination or understanding of life or life processes, including but not limited to, all of the following:
Homeland Security/DefenseHomeland Security/Defense
Sensors, systems, processes, or equipment for communications, identification and authentication, screening, surveillance, tracking, and data analysis
Advanced computing or electronic device technology related to homeland security and defense technology
Aviation technology, including but not limited to, avionics, airframe design, sensors, early warning systems, and services related to homeland security and defense technology
Advanced Automotive, Advanced Automotive, Manufacturing, and MaterialsManufacturing, and Materials
Materials with engineered properties Nanotechnology, including materials devices or systems
at atomic, molecular or macromolecular levels Improvements to vehicle safety, performance,
production, or environmental impact New technology, device, or system that enhances or
improves the manufacturing of wood, timber or agricultural-based products
Any technology that involves an alternative energy vehicle or its components as defined under the NextEnergy Authority Act
Alternative EnergyAlternative Energy
Alternative Energy Technology as defined under the NextEnergy Authority Act
Devices or systems designed and used solely for the purpose of generating energy from agricultural crops, residue and waste
A new technology, product, or system that permits the utilization of biomass
New technology, product, or service that utilizes wind energy
Additional Eligible ProjectsAdditional Eligible Projects
Advanced computing or electronic device technology related to any one of the four competitive edge technologies
Design, engineering, testing, or diagnostics related to one of the four competitive edge technologies
Product research and development related to one of the four competitive edge technologies
Michigan 21Michigan 21stst Century Commercialization Century Commercialization Development Fund CompetitionDevelopment Fund Competition
Life Sciences Homeland Security Advanced Automotive,
Manufacturing, and Materials
Life Sciences Homeland Security Advanced Automotive,
Manufacturing, and Materials
Alternative Energy
Life Sciences Homeland Security Advanced Automotive,
Manufacturing, and Materials
Alternative Energy
Commercialization Applied Research Basic Research
2121stst Century Commercialization Century Commercialization Development FundDevelopment Fund
CommercializationThe transition from research to actions necessary to achieve market entry of new innovative technologies.
Commercialization proposals will be accepted to commercialize breakthrough technologies, and in a separate RFP process for specialized services to nurture and accelerate the competitive edge technology sectors in Michigan.
Commercialization Applied Research Basic Research
Commercialization ProposalsCommercialization Proposals
Eligibility:For-profit companiesAll Technology Sectors EligibleMust be located in Michigan or propose to have a business presence in Michigan
Eligibility:Non-profit organizationsResearch InstitutesInstitutions of higher educationFor-profit companies
Commercialization Proposals
Commercialization Support Services
Commercialization Support ServicesCommercialization Support Services
Maximum Funds -- $20 million
Pre-Seed Funds Business Acceleration
Services Statewide Technology Support
Networks Existing Wet Lab Facility
Redevelopment Specialized Business Services
2121stst Century Commercialization Century Commercialization Development FundDevelopment Fund
Applied ResearchApplying existing knowledge to solve a practical problem that has a high potential for commercialization success (testing, prototype development, clinical trials)
Commercialization Applied Research Basic Research
Applied Research ProposalsApplied Research Proposals
Eligibility:Michigan Institutions of Higher EducationMichigan Non-Profit Research InstitutionsMichigan Non-Profit CorporationsFor Profit Companies
Collaboration is a Requirement All Technology Sectors Eligible
2121stst Century Commercialization Century Commercialization Development FundDevelopment Fund
Basic Research
Seeking to fund proposals aimed at building the research capacity that has the potential to lead toward commercialization; original investigations, proof of concept/theory
Commercialization Applied Research Basic Research
Basic Research ProposalsBasic Research Proposals
Eligibility:Michigan Institutions of Higher EducationMichigan Non-Profit Research InstitutionsMichigan Non-Profit Corporations
Alternative Energy Technology Not Eligible Maximum 10% of the 2006 funds ($10
million)
Key Elements of the 2006 Key Elements of the 2006 CompetitionCompetition
• Electronic submission ONLY • Letters of Intent required followed by full
proposals • Collaboration encouraged• Leverage required• Peer-review process by industry experts• Proposal review feedback • Board has final decision making authority
Leverage RequirementLeverage Requirement
Leverage of 21st Century Jobs Funds is required from all applicants
Both Cash and In-Kind will be considered
Cash sources may include: Applicants themselves, VC, Angel, Bank, SBA Loans, Collaborating Business Partners, Federal/Private Grants, etc.
Peer Review/Application ProcessPeer Review/Application Process
6-Month Cycle Letter of Intent (No Pre-Proposals) RFP Compliance Phase Written Review Phase Interview Phase Award Recommendations Ability to Carry Funds Forward to Next
Funding Cycle
Proposal Review CriteriaProposal Review Criteria
Scientific and Technical Merit (25%) Personnel Expertise (25%) Commercialization Merit (25%) Ability to Leverage Other Resources (25%)
The Competition ProcessThe Competition Process
Enter MEDC websitewww.michigan.org/21stcentury
Click on Letter of Intent Enter registration info Fill out LOI form Click submit button
3 Phase Review Process3 Phase Review Process
Mail Review Award Criteria
Board decision andapplicant feedback
•Activity specific criteria•Rated & ranked (highest ranked applicants go on to interviews)•Evaluative feedback
Interviews
Re-rankingbased on
results
Award Type and DurationAward Type and Duration
Awards: Up to 3 years
Institutions of higher education and non-profit organizations may receive grant awards
For-profit organizations typically receive convertible loans (financing terms will depend on project)
Application TimelineApplication Timeline
Action Timeline
Deadline for LOI’s February 17
Deadline for full proposals March 24
Interviews for highest ranked applicants
During June
Award decisions No later than July 31
2nd Competition begins Early August, 2006
Q & AQ & A
Web: www.michigan.org/21stcentury
Email: [email protected]
This program overview is informational only and does not amend the RFP in any way.Michigan Economic Development Corporation300 N. Washington SquareLansing MI 48913