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The U of M's Jay Schrankler, associate vice president of technology commercialization and new ventures, discusses the rise in industry-funded research and technology commercialization. 

According to Schrankler, “The technology commercialization enterprise is designed to accelerate basic research discoveries into useful products and services as quickly, efficiently and safely as possible. As a bridge between the research bench and the marketplace, we continue to adapt our operations to the evolving changes in the marketplace.

Read the full story in Forbes.