Fast Forward Medical Innovation (FFMI) offers funding, education, and business development resources to help biomedical researchers navigate the road to successful innovation and commercialization.
From entrepreneurial organizations on campus to partners in Michigan and across the globe, we are creating an environment and culture that nurtures technologies and supports life sciences. The ultimate goal of our research is for it to impact patients and their families.
We invite you click on the image to the left to view our latest annual report. Below are metrics that provide a snapshot of biomedical commercialization activities for the U-M Medical School’s fiscal year 2022.
Interested in a broader view of research at the University of Michigan Medical School? CLICK HERE to view the 2022 U-M Medical School Office of Research Annual Report.
INDUSTRY PARTNERSHIPS
188
Invention Reports
2021: 205
2020: 241
2019: 226
$154M
Industry Research Awards
2021: $138.3M
2020: $115.1M
2019: $118.4M
9
New Business Startups
2021: 10
2020: 16
2019: 11
189
License/Option Agreements
2021: 182
2020: 166
2019: 114
1,479
Industry Award Count
2021: 1,382
2020: 1,382
2019: 1,226
COMMERCIALIZATION EDUCATION
40M+
Follow-on Funding
awarded to date for teams that have gone through an FFMI education program
105
Commercialization Education Programs
serving biomedical innovators across the University of Michigan, and across the state, region, and nation
4,500+
Participants
enrolled in Commercialization Education programs, to date
11
Publications
describing best practice for Commercialization Education programs
355
New Innovations
from project teams at U-M and across the nation
34
Institutions
across the state, region, and nation (outside of the University of Michigan) that have participated in FFMI fastPACE
MICHIGAN BIOMEDICAL VENTURE FUND
13
Portfolio Companies
funded since launch
12 out of 13
Companies
have received follow-on funding/co-investments, (1 exited)
30:1
$30+ of Follow-On Funding
for every $1 of Michigan Biomedical Venture Fund investment
$110M+
Follow-On Funding
for all companies combined
$3.15M
Invested
in 13 companies
135+
Jobs
created
QUESTIONS?
Have questions about biomedical innovation at the University of Michigan? Contact Fast Forward Medical Innovation at ffmioffice@umich.edu.