Irene Spanos Director Economic Development & Community Affairs Oakland County, Michigan
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1 Irene Spanos Director Economic Development & Community Affairs Oakland County, Michigan
2 Advanced Electronics & Controls Film and Digital Media Advanced Materials & Chemicals Robotics & Automation Aerospace Defense & Homeland Security Alternative Energy & Power Generation Communications & Information Technology Medical Main Street Finance, Insurance & Real Estate Water Technologies
3 Medical Main Street is a unique alliance of world-class hospitals, universities, medical device, biopharma companies and some of the country s top medical professionals creating a global center of innovation in health care, research and development, education and commercialization in the life sciences industry.
4 4,900 Active Clinical Trials in Michigan 35 University Research Centers dedicated to Life Sciences 50 Hospitals & Medical Centers in Medical Main Street Region Over 7,500 practicing physicians $83 Million in NIH Grants awarded
5 MEDICAL HOSPITALS SPECIALTY HOSPITALS PHARMACEUTICAL MANUFACTURING EQUIPMENT MANUFACTURING RESEARCH & DEVELOPMENT NURSING CARE CLINICS & LABS OFFICE CLUSTER 4,324 facilities
6 Maximize the growth potential of the Life Science Sector in Oakland County.
7 Brand Oakland County as the recognized center for health care and life science.
8 1. Attraction and growth of life sciences/health care companies 2. Branding this region as a global Center of Excellence in life science/health care 3. Legislative initiatives and grant support 4. Encourage commercialization activities 5. Workforce development
9 Beaumont Health Systems Crittenton Hospital DMC Ferndale Laboratories Henry Ford Health Systems Housey Pharmaceuticals Beckman Coulter / Lumigen Karmanos Cancer Institute McLaren Health Care Corporation MichBio Oakland University Oakland Community College OXUS Inc. Rockwell Medical Technologies St. John s Providence Health System St. Joseph Mercy Oakland
10 Consists of organizations that have made a commitment to supporting the Medical Main Street initiative Membership to the Ambassadors group is by invitation Limited to 60 companies and organizations Members will, at a minimum, commit $100 per year to support the initiative
11 Medical Main Street Insert into (February issue): Crain s Detroit Business Crain s Cleveland Business Crain s New York Business Crain s Chicago Business Modern Healthcare Pensions & Investments OaklandCountyProsper.com enewsletter Medical Main Street
12 Join the LinkedIn Group for Medical Main Street to stay connected to the growing life sciences industry in Southeast Michigan Over 1,800 members already Editors of medical device trade publications are members of this group 85% of those members are CEOs of life sciences companies not based in Michigan.
13 The Power of Medical Main Street How can it help you? FREE Office Space: Free 3- month use of the International Business Center (IBC) at Automation Alley, the region s technology consortium. This free space includes: Office space/work stations Executive Conference Room Use of the latest IT/Video Conferencing Technology Support from the Automation Alley staff
14 The Power of Medical Main Street How can it help you? Introductions to Michigan s Medical Industry Introductions to the medical industry here in Metro Detroit Area (hospitals, physicians, life sciences companies, etc.) for partnerships, future sales, and collaborations. Michigan Medical Research Connections: Introductions to Michigan universities (for R&D, collaboration, etc.) Over 38 research centers are focused on medical research and located in Michigan s many universities Michigan Universities spend over $2 billion/year on research New Medical School at Oakland University
15 The Power of Medical Main Street How can it help you? Food & Drug Administration (FDA) Assistance: Introduction to local FDA consultants that can help you through the Regulatory process here in the USA. National Institute of Health (NIH) Grant Matches: Through the Emerging Technology fund, matches for Michigan companies applying for Federal NIH Grants are available. Medical Device Supply Chain: Introduction to the medical device manufacturing community in Michigan for your future supply chain.
16 The Power of Medical Main Street How can it help you? Statewide directory of medical device suppliers Design Prototyping Precision Components & Processing Machining Testing/Inspecting Injection Molding Stamping Manufacturing Electronics Distributing Packaging Machining Contract Assembly
17 The Power of Medical Main Street How can it help you? Marketing/Media Exposure: helping you get your message to local media and to medical device trade publications across USA. Financial Incentives: Depending on how many jobs you create and the investment you make/(manufacturing /R&D/ Engineering Technical Center) we will help you access resources at the state and local level.
18 The Power of Medical Main Street How can it help you? Financing: we will help you access capital through these Oakland County programs: SBA 504 Loan Program Industrial Revenue Bond (Tax-Exempt Bonds) Microloan program State financing programs Venture Capital: we are happy to introduce you to local and national venture capital firms. Michigan Venture Capital Match Program Michigan Angel Investor Program
19 The Power of Medical Main Street How can it help you? Recruitment : We will offer free recruitment services through our Workforce Development Team Finding the right employees Screening through the applications Workforce Training: connecting you to our great universities, trade schools and community colleges Connecting you to various training grant programs
20 The Power of Medical Main Street How can it help you? One Stop Shop/Small Business Center: A place where life science companies can access: Business Plan Reviews Small Business Workshops One-on-One Counseling Venture Forward (for Stage 2 companies) Medical Device Commercialization Center: Housed at the OU INC. incubator helps researchers, practicing physicians and medical device companies commercialize their technology.
21 Since the launch of Medical Main Street, 26 companies have located or expanded in Oakland County investing over $220million and creating over 1,900 new jobs
22
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