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Office of the Vice President for Research Institute for Research on Labor, Employment, and the Economy IRLEE

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Office of the Vice President for Research Institute for Research on Labor, Employment, and the Economy IRLEE

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Office of the Vice President for Research Institute for Research on Labor, Employment, and the Economy IRLEE

Office of the Vice President for Research Institute for Research on Labor, Employment, and the Economy IRLEE

FCP is focused on startups, some stage two and mature companies

with new products in new markets

Office of the Vice President for Research Institute for Research on Labor, Employment, and the Economy IRLEE

TCA working with mostly mature companies, some stage two

and startups

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Office of the Vice President for Research Institute for Research on Labor, Employment, and the Economy IRLEE

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Office of the Vice President for Research Institute for Research on Labor, Employment, and the Economy IRLEE

Universities resources to move university and or company technologies toward

commercial application

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Office of the Vice President for Research Institute for Research on Labor, Employment, and the Economy IRLEE

Driving Customer Discovery Activity

Providing Market Intelligence Business Model Assistance Mentoring and Coaching

Only Introductions to TCOs

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Office of the Vice President for Research Institute for Research on Labor, Employment, and the Economy IRLEE

TCA identifies skill-sets, processes, products, and initiatives of existing companies and searches

Michigan’s 15 public universities for technologies and resources to support their initiatives

TCA also co-funds projects utilizing identified resources

Office of the Vice President for Research Institute for Research on Labor, Employment, and the Economy IRLEE

TCA acts as a translator between academia and industry

TCA helps identify the most appropriate resource

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Office of the Vice President for Research Institute for Research on Labor, Employment, and the Economy IRLEE

Program Phases • Referral • Application • Analysis & Planning • Resource Searches • Project Development • Implementation

Office of the Vice President for Research Institute for Research on Labor, Employment, and the Economy IRLEE

Referral Phase •  Several Sources • MEP/MMTC • GLTAAC – TAAF • MEDC • Associations • Walk-ins accepted

• Different Techniques • Single referral sheet • Multiple scored

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Office of the Vice President for Research Institute for Research on Labor, Employment, and the Economy IRLEE

Application Phase • Single page • NDA required • Submit 3 years of financial data and employment figures • TCA qualifies the firm onsite at IRLEE

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Office of the Vice President for Research Institute for Research on Labor, Employment, and the Economy IRLEE Analysis and Planning Phase • Detailed financial review • Interview key executives and managers • Observe and evaluate operational processes • Document observations, key points and make recommendations • Develop resource search sheet

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Office of the Vice President for Research Institute for Research on Labor, Employment, and the Economy IRLEE Resource Search Phase • Provide search sheet to appropriate universities • Technology/IP • Labs • Support resources

• Review findings with firm

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Office of the Vice President for Research Institute for Research on Labor, Employment, and the Economy IRLEE Project Development • Make introductions • Facilitate and translate • Scope of work • Cost share agreement

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Office of the Vice President for Research Institute for Research on Labor, Employment, and the Economy IRLEE Implementation • TCA contracts SOW • Co-fund • Execute Projects •  In the lab • At the factory

• Monitor performance

Office of the Vice President for Research Institute for Research on Labor, Employment, and the Economy IRLEE

FCP is focused on startups, some stage two and mature companies

with new products in new markets

Office of the Vice President for Research Institute for Research on Labor, Employment, and the Economy IRLEE

FCP focus activities Marketing and Sales

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Office of the Vice President for Research Institute for Research on Labor, Employment, and the Economy IRLEE Program Phases • Referral • Application • Analysis & Planning • Action Plan Development • Implementation

Office of the Vice President for Research Institute for Research on Labor, Employment, and the Economy IRLEE

Referral Phase • Several Sources • Smart zones • MEDC portfolio companies • Incubator/accelerators • Walk-ins accepted

• Different Techniques • Single referral sheet • Multiple/screening session

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Office of the Vice President for Research Institute for Research on Labor, Employment, and the Economy IRLEE

Application Phase • Single page • NDA required • Financial data • Employment count • FCP qualifies the firm onsite at IRLEE

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Office of the Vice President for Research Institute for Research on Labor, Employment, and the Economy IRLEE Market Specific Overview • Intelligence gathering • Technology • Channels • Competition

• Market sizing • TAM, SAM, Target, Beachhead

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Office of the Vice President for Research Institute for Research on Labor, Employment, and the Economy IRLEE

Analysis and Planning Phase • Interview Team • Review the Technology • Market • Value Proposition • Product market fit

• Financial Review

Office of the Vice President for Research Institute for Research on Labor, Employment, and the Economy IRLEE

Action Plan Development • Make recommendations • Develop scopes of work • Identify projects • Make funding decisions

Office of the Vice President for Research Institute for Research on Labor, Employment, and the Economy IRLEE Implementation • Arrange for private sector help • FCP contracts & co-funds • Private sector executes projects • Monitor performance

Office of the Vice President for Research Institute for Research on Labor, Employment, and the Economy IRLEE

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MCRN is a collaborative network comprised of six universities in the state of Michigan

Designed to develop and support industry collaboration through single point university access, co-funded research & internships,

and information sharing programs

M Michigan Corporate Relations Network

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M Michigan Corporate Relations Network

SCIP awarded small companies matching grants to perform

Industry & University Collaboration towards

Innovation and Commercialization

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SCIP now includes the Commercialization Assistance from

TCA

IRLEE

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Office of the Vice President for Research Institute for Research on Labor, Employment, and the Economy IRLEE

SCIP/TCA

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M Michigan Corporate Relations Network

•  Up to $40,000 Available per Company

•  Technology and Resource Searches Streamlined at MCRN Universities

•  Project Awards Available to the 9 Non-MCRN Public Universities

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Office of the Vice President for Research Institute for Research on Labor, Employment, and the Economy IRLEE

Synergies with IRLEE SCIP/TCA Clients have Potential to Graduate to

First Customer(s) Program Marketing and sales focused

Potential $25,000 match

Project Manager Grace Hsia

hsgracie@umich.edu

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Office of the Vice President for Research Institute for Research on Labor, Employment, and the Economy IRLEE

United States Department of Defense Office of Economic Adjustment

Funded

Additional potential $25,000 in matching

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Office of the Vice President for Research Institute for Research on Labor, Employment, and the Economy IRLEE

Features •  SCIP/TCA Type Activity • Core Strengthening – TAAF Type Activity •  First Customer Program Features

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Office of the Vice President for Research Institute for Research on Labor, Employment, and the Economy IRLEE

M Michigan Corporate Relations Network

and

michigancrn.org

irlee.umich.edu