Archive for July 2024
State Supports Establishing Innovation Evergreen Fund
A new $60 million Michigan Innovation Fund to help launch Michigan-based startups got the support of the Michigan legislature last month, as it was included in the $82.5 billion state budget lawmakers passed for the 2025 fiscal year. While the $60 million met most lawmakers’ expectations, three House representatives are sponsoring a pending bill package that would…
Read MoreMichBio Helps Sell Michigan LifeSciences at SelectUSA Summit
MichBio was honored to be part of Team Michigan at the SelectUSA Investment Summit, the highest profile event in the United States to facilitate business investment by connecting thousands of investors, companies, economic development organizations (EDOs), and industry experts to make deals happen. Hosted by the U.S. Department of Commerce, the Investment Summit is a one-stop shop for…
Read MoreProposed USPTO Rules Likely to Cause Harm
The US Patent & Trademark Office (USPTO) has issued a Notice of Proposed Rulemaking (NPRM) regarding Terminal Disclaimer Practice to Obviate Nonstatutory Double Patenting. The intent is to make it cheaper and easier to strike down whole families of patents to prevent them “from potentially deterring competition.” “BIO [Biotechnology Innovation Organization] believes that the proposed…
Read MoreMichBio Attends 2024 BIO Convention As State Ambassador
Stephen Rapundalo, PhD, MichBio President and CEO and Emily Brockman, Director, Member Relations, joined the Michigan Economic Development Corporation (MEDC) in hosting the State of Michigan Pavilion at this year’s BIO International Convention, the largest global event for the biosciences industry. The 2024 event witnessed 19,500 industry leaders attending from 70 countries, and a record…
Read More