UM Regents Amend Operating Agreement
An operating agreement for the Michigan Advanced Development and Manufacturing Center (MADMC) was amended by the University of Michigan board of regents at its Sept. 20, 2012 meeting. According to a staff memo, the change aims to ”provide potential MADMC leadership candidates with the level of management independence and operational flexibility needed to effectively direct a manufacturing start-up enterprise.” The memo states that MADMC is pursuing “contractual opportunities that would utilize the assets at NCRC.” The NCRC is the North Campus Research Complex, which the university bought from Pfizer in 2009.
MADMC has been a low-profile venture, and hasn’t been explicitly discussed by the regents. Formed in March of 2012, it was created by UM to seek a U.S. Dept. of Defense … [Full Story]