An alliance between Michigan’s three largest research universities has produced an economic impact of more than $15.2 billion across the state over the past four years, according to a report issued Tuesday by the Anderson Economic Group.
Members of the University Research Corridor have invested more than $1.8 billion in research, which represents growth of approximately 30 percent, according to Anderson Economic Group. In the same time span, the URC, comprised of the University of Michigan, Michigan State University and Wayne State University has cultivated the launch of 131 start-up companies.
The results are “an indicator of how truly world class these research universities are and what a tremendous asset they are to the state of Michigan,” said Jeff Mason, the URC director, in a written release. But the success of the collaboration does not necessarily mean the three universities want to grow closer together.