$7.5M fund aims to boost U-M medical discoveries

ANN ARBOR, Mich. (AP) -- A new $7.5 million fund aims to help University of Michigan medical discoveries move from the laboratory to the market.

The Ann Arbor school says Monday the effort will help its Medical School and its Office of Technology Transfer identify and advance medical research projects with a high potential of commercial success.

The fund will be called the U-M MTRAC for Life Sciences. MTRAC stands for Michigan Translational Research and Commercialization.

The effort is funded in part by a $2.4 million grant from the Michigan Economic Development Corporation's 21st Century Jobs Fund.

It's one of several research commercialization efforts funded by the MEDC.