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 2021.
Interested in a broader view of research at the University of Michigan Medical School? CLICK HERE to view the 2021 U-M Medical School Office of Research Annual Report.
INDUSTRY PARTNERSHIPS
205
Invention Reports
2020: 241
2019: 226
2018: 235
$138.3M
Industry Research Awards
2020: $115.1M
2019: $118.4M
2018: $110.2M
10
New Business Startups
2020: 16
2019: 11
2018: 7
182
License/Option Agreements
2020: 166
2019: 114
2018: 112
1,382
Industry Award Count
2020: 1,382
2019: 1,226
2018: 1,279
COMMERCIALIZATION EDUCATION
$40M+
Follow-on Funding
awarded to date for teams that have gone through an FFMI education program
32
Commercialization Education Programs
serving biomedical innovators across the University of Michigan, and across the state, region, and nation
4,000+
Participants
enrolled in Commercialization Education programs to date
33
Institutions
across the state, region, and nation (outside of the University of Michigan) that have participated in FFMI fastPACE
FUNDING & MENTORSHIP
$3M
Frankel Innovation Initiative Funding
awarded in second round
$2M
Annual MTRAC for Life Sciences Innovation Hub Funding
statewide
$82.1M
Follow-On Funding for MTRAC
since 2014 launch
30
MTRAC Startups
since 2014 launch
MICHIGAN BIOMEDICAL VENTURE FUND
13
Michigan Biomedical Venture Fund
portfolio companies since launch
12 out of 13
Companies
have received follow-on funding/co-investments
21:1
$21 of Follow-On Funding
for every $1 of Michigan Biomedical Venture Fund
$56.84M
Follow-On Funding
for all companies combined
QUESTIONS?
Have questions about biomedical innovation at the University of Michigan? Contact Fast Forward Medical Innovation at ffmioffice@umich.edu.