UM: Economy

Koleman Karleski, a managing director at Chrysalis Ventures, writes a guest post for the Wall Street Journal’s VentureWire blog, arguing that a focus on Detroit has obscured news of economic growth in other parts of Michigan: “So how do local innovation hubs develop? Most often, they coalesce around a top-notch research institution. In Ann Arbor, the University of Michigan fills this role. U of M is currently among the top 10 universities for spinning new technologies into start-ups, according to the university’s technology transfer office. In fact, Ann Arbor has one of the highest rates of patent density – a rough measure of how much innovation is taking place in a given area – in the nation.” [Source]