Regenerating Our Economy With Stem Cells
January 14, 2010
By: Dennis Archambault, metromode.com
Regenerative medicine may play a significant role in regenerating the economy of Southeast Michigan, according to medical researchers in the region. Having begun collaborating and co-sponsoring the 2010 World Stem Cell Summit, proponents believe that the growing research infrastructure will bring increased revenue for research facilities and staff and the ability to train new graduate students, develop new drug therapies, and spin off clinical businesses throughout the region.
The University of Michigan recently received $6.8 million in federal stimulus grants to accelerate its adult and embryonic stem cell research program. Tech Town, Wayne State University's research and technology park, received a $4.1-million loan/grant from the U.S. Department of Housing and Urban Development to complete construction of the technology incubator, including establishment of its Stem Cell Commercialization Center, which will expedite the translation of clinical research to commercial business development.
In announcing Michigan's designation for the 2010 World Stem Cell Summit (expected to draw 1,200 scientists) Bernard Siegel, executive director of the Genetics Policy Institute, a national stem cell research advocacy organization, boasts that "Michigan is fast becoming a biotechnology hub." Siegel cited the quality of research under way at the state's three major universities as well as their ability to translate that research into treatment. This past June, U-M's A. Alfred Taubman Medical Research Institute established the Statewide Stem Cell Research Committee, which meets quarterly. Read more at MetroMode.com…