University of Michigan Business Engagement Center

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The Business Engagement Center (BEC) is an office of the University of Michigan (U-M) that connects companies with university resources. [1] Located in Ann Arbor, MI on the U-M North Campus, the BEC and partner offices in the College of Engineering, School of Medicine and U-M Dearborn facilitate connections with companies by linking business needs with University resources in research, technology, education, student talent, and strategic giving on the U-M campuses. [2] Currently, the BEC has 14 staff members that collaborate on projects and engagement efforts [3] and works with businesses. [4]

Contents

History

The Business Engagement Center was established at the University of Michigan in the fall of 2007. The goal of the organization is to strengthen the University’s business and community partnerships and help revitalize and diversify the state of Michigan’s economy. [5] The BEC is funded jointly by the U-M Office of the Vice President for Research and the Office for University Development. [6]

In May 2008, the BEC opened on the University of Michigan Central Campus in the Galleria Building located on South University Avenue in Ann Arbor, MI, where it was co-located with the U-M Office of Technology Transfer. The BEC has three satellite offices: College of Engineering Corporate Relations Office, [5] Medical School Business Development Office, and the U-M Dearborn BEC. These offices work together to create partnerships with companies by linking business needs of these companies with university resources: research discoveries, new technology developments, use of high-tech university facilities, access to student and alumni talent, U-M education programs, and opportunities for philanthropic support. [7]

In September 2010, the BEC moved to the North Campus Research Complex (NCRC), where it continues to be co-located with the U-M Office of Technology Transfer. [1] In 2011, the BEC approach went statewide with the launch of the Michigan Corporate Relations Network (M-CRN). The goal of the M-CRN is to provide companies with greater access to the pool of talent, resources, and facilities at research universities. These university partners include Michigan State University, Michigan Technological University, the University of Michigan, University of Michigan-Dearborn, Wayne State University, and Western Michigan University. Collectively, these six institutions account for 98 percent of the academic research and 99 percent of all patent activity done in the state of Michigan. This initiative helps increase the growth and productivity of Michigan-based companies. Teaching and research opportunities also attract new businesses to the state. For this program, the Michigan Economic Development Corporation (MEDC) awarded a grant of more than $1.8 million to help fund the M-CRN. [8]

Services provided

The BEC connects ideas, technologies, and knowledge created by students, faculty, and departments of the University of Michigan with the needs of both large and small corporations. The BEC team connects business community with university resources. This includes the task of navigating the academic areas and departments of the University to help businesses make the necessary connections and relationships. [9]

The BEC helps businesses identify what they are looking for in a relationship with U-M, [1] and connects them with the appropriate U-M student talent and faculty expertise to meet those needs. [9] This allows companies to more quickly discover joint research opportunities at U-M, connect with student design teams, and uncover technology utilization and commercialization opportunities. [10] The BEC helps companies to improve professional development (short courses, distance learning, special programs), find lab space and specialized facilities for research and development, as well as connect employees with university advisory boards and to identify strategic giving opportunities. [11]

BEC connections

The BEC staff works with all 19 U-M schools and colleges, UM-Dearborn and UM-Flint, maintains relationships with more than 1,200 companies, and is contacted by nearly 200 new companies each year. [12] The BEC partners in local economic development and works closely with other nearby organizations that drive growth, such as Ann Arbor Spark, [5] the Michigan Economic Development Corporation, The Right Place, and Southwest Michigan First. The BEC collaborates with influential local institutions, such as the A2Y Chamber, the Detroit Regional Chamber of Commerce, Grand Rapids Area Chamber of Commerce, the Small Business Association of Michigan, and the Traverse City Area Chamber of Commerce. [9]

National impact

Since inception in 2007, the BEC has helped create a 53% in corporate philanthropy and a 72% increase in corporate research expenditures. The number of companies engaged at U-M increased 166% and the number of corporate visits to campus increased 335%. To date, over 110 universities have contacted the U-M BEC for information on their unique model of corporate engagement.[ citation needed ]

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References

  1. 1 2 3 Beene, Ryan & Tom Henderson. “University of Michigan ramps up Pfizer move: $200 million drive to fund recruiting, research.” Crain’s Detroit Business. Published 19 May 2012. Retrieved on 14 May 2012 from http://www.crainsdetroit.com/article/20100519/C03/305199994
  2. ↑ Bomey, Nathan. "University of Michigan's economic development strategy is focus of Obama cabinet member's visit." Ann Arbor.com. Published 11 June 2010. Retrieved on 14 May 2012 from http://www.annarbor.com/business-review/obama-cabinet-member-visiting-ann-arbor-for-innovation-forum-on-university-of-michigan-economic-deve/
  3. ↑ “U-M Resources for Partners.” University of Michigan North Campus Research Complex. Published 2012. Retrieved on 14 May 2012 from http://ncrc.umich.edu/partnerships/partnership-resources
  4. ↑ Roush, Matt. "URC: Building The Next Michigan One Tech Spinoff At A Time." CBS Detroit. Published on 21 March 2011. Retrieved on 14 May 2012 from http://detroit.cbslocal.com/2011/03/21/urc-building-the-next-michigan-one-tech-spinoff-at-a-time/#%7B%22id%22%3A0%2C%22sc%22%3A%22http%3A%2F%2Fwww.facebook.com%2Fxd_receiver_v0.4.php%22%2C%22sf%22%3A%22loginStatus%22%2C%22sr%22%3A2%2C%22h%22%3A%22loginSer
  5. 1 2 3 Bomey, Nathan. "http://blog.mlive.com/ann_arbor_business_review/2007/12/um_starting_business_engagemen_1.html." Published on 13 December 2007. Retrieved on 14 March 2012 from http://blog.mlive.com/ann_arbor_business_review/2007/12/um_starting_business_engagemen_1.html
  6. ↑ Erickson, Jim. “Weinert named new associate vice president for research—sponsored programs.” The University Record Online. Published 23 April 2012. Retrieved on 14 May 2012 from http://ur.umich.edu/1112/Apr23_12/3485-weinert-named-new
  7. ↑ Steinberg, Stephanie and Kyle Swanson. “Series: Turning to business for ‘U’ needs.” The Michigan Daily. Published 7 October 2009. Retrieved on 14 May 2012 from http://www.michigandaily.com/content/series-turning-business-u-needs?page=0,0
  8. ↑ McClelland, Renee. “First statewide university-business network to be created.” The University Record Online. Published 14 November 2011. Retrieved on 14 May 2012 from http://ur.umich.edu/1112/Nov14_11/2867-first-statewide-university-business
  9. 1 2 3 Baker, David A. & Margaret J. Baker. “U-M Resources Available to Businesses.” Ann Arbor Area Business Monthly. Published September 2009. Retrieved on 14 May 2012 from http://www.annarborbusinessmagazine.com/archives/2009/2009sept.shtml
  10. ↑ Bomey, Nathan. "Procter & Gamble relationship paves way for improved ties to industry, University of Michigan says." Ann Arbor.com. Published 21 January 2011. Retrieved 14 May 2012 from http://annarbor.com/business-review/procter-gamble-relationship-paves-way-for-improved-ties-to-industry-university-of-michigan-says/
  11. ↑ Qian, Josh. “Policy to Aid ‘U’ business efforts.” The Michigan Daily. Published 24 March 2012. Retrieved on 14 May 2012 from http://www.michigandaily.com/node/66058
  12. ↑ “About BEC.” University of Michigan Business Engagement Center. Published 2012. Retrieved on 14 May 2012 from http://bec.umich.edu/about_us/
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