Page 23 - LRCC October FOCUS 2023

out a research park. In 1988, of academic and medical
the university deeded the teams. McLaren Health
Foundation 110 acres south Care Vice President Daniel
of the University Club near Medrano, who headed up
Dunkel Road and U.S. 127, the hospital project said
which is now known as the the Research Foundation
University Health Park. was both a facilitator and a
linchpin for MGL.
In March 2022, McLaren
Greater Lansing (MGL) “In addition to securing
opened its new $600 million the land, they also helped
hospital facility within the us develop the project
University Health Park. The including the development
project includes a 240-bed of adjacent roadways
hospital, a multi-specialty and infrastructure,” said
outpatient care center Medrano. “They were
and a Karmanos Cancer invaluable in helping
Institute in partnership us work with the City of
with MSU Health Care. The Lansing regarding utilities
comprehensive health and other infrastructure
care facility provides issues.”
new, state-of-the-art facilities to better serve patients,
educate students and bring together more than 1,000 Medrano said the business venture between McLaren,
physicians, researchers, educators and other members McLaren Greater Lansing and Michigan State will impact

1992: Foundation contributes $5 million to MSU, leading to the establishment of the National Center for Food Safety and
Toxicology. Additional grants support faculty awards, global travel, equipment, startup ventures, and the 1992 Presidential Debate.

2005: Michigan 2012: Spartan 2015: Foundation is awarded management of
Biotechnology Innovations is the Michigan Rise Pre-Seed III Fund, a $15.3 million
Institute (MBI) established as Pre-Seed venture fund from the State of Michigan,
merges with the a wholly owned supplemented by $2 million from the Foundation’s
Foundation, adding subsidiary Impact Investment program.
specialization focused on
in accelerating technology 2020: University Corporate
development of transfer Research Park is rebranded as
bio-based activities. the University Health Park.
technologies.

1996: University 2014: Red Cedar 2022: TechSmith Corporation celebrates
Corporate Research Ventures is established the grand opening of its headquarters
Park expands with as an early-stage facility at MSU Spartan Village, and McLaren
30,000-square-foot venture fund, providing commemorates the grand opening of its
Innovation Tech financing to MSU McLaren Greater Lansing hospital in the
Center. Notable intellectual property- University Health Park.
tenants include based companies. The
Entre Computers, RCV Pre-Seed Fund
Omnilink is created to invest 2023: Foundation celebrates the grand
Communications approximately $700K opening of The Bridge startup incubator
Corporation, and annually as initial facility on the fourth floor of the Doug Meijer
Diverse Computer funding for newly Medical Building in Grand Rapids.
Marketers. launched startups.
23
23