FIRST RECIPIENTS OF MICHIGAN’S SMALL COMPANY INNOVATION PROGRAM GRANTS ANNOUNCED

EAST LANSING, Mich. — DeNovo Sciences, a Michigan startup, and PicoCal, an Ann Arbor based company, have become the first recipients of the state’s Small Company Innovation Program (SCIP) Grants through the Michigan Corporate Relations Network (MCRN).

The SCIP was created to help small Michigan companies attack technological and commercialization issues by providing them access to top research university resources and talent that they otherwise would not be able to afford. Through a competitive process, MCRN will award SCIP grants for this round of funding to:

DeNovo Sciences, Inc. in the amount of $27,750

SCIP funds will support research at Wayne State University for the development of a leading-edge technology that will provide a less-invasive alternative to biopsies via a novel microfluidic device to detect Circulating Tumor Cells in blood.

PicoCal, Inc. in the amount of $40,000

SCIP funds will support research at the University of Michigan to improve the manufacturing process of nano-structured materials and nano devices. This research has potential to benefit nanotechnology-based applications for science, healthcare, energy, and the environment.

“The Small Company Innovation Program grantees will help to advance research and technology development in our state while building long-lasting relationships with Michigan universities,” said Mike Finney, CEO of MEDC. “ We look forward to supporting research projects through SCIP that will help to accelerate the business development goals of Michigan companies.

SCIP’s next application deadline is November 1, 2012. Companies outside a university are encouraged to apply. Prior to submitting an application, applicants are strongly encouraged to contact a university representative within their region to discuss potential programs and to refine the program target and plans prior to submission of application.

A general information webinar on SCIP will be held on July 16. Additional information about the program and application process may be found at www.michigancrn.com/scip.

The Michigan Corporate Relations Network is collaboration among six public universities working to connect small businesses with university resources that will help to drive innovation and commercialization — Wayne State University, the University of Michigan, Michigan State University, Michigan Technological University, University of Michigan-

Dearborn, and Western Michigan University, funded by the Michigan Economic Development Corporation. Each member university maintains an office that connects businesses to university resources and faculty that can assist research needs. Beyond SCIP, MCRN provides a variety of resources to Michigan companies that promote innovation and growth in our state’s economy.

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