University of Michigan poised to reap windfall of research dollars

The University of Michigan’s coffers are about to become very happy Barack Obama was elected president.Excerpt:The confluence of economic forces surrounding the University of Michigan’s research and technology commercialization efforts makes for a paradoxical set of circumstances. Some U-M researchers are experiencing trouble securing capital for their startup efforts. But at the same time, U-M is by all accounts poised to reap a windfall of research dollars directly connected to President Barack Obama’s $787 billion economic stimulus package.Marvin Parnes, associate vice president of research for U-M, said administrative employees are working overtime processing all of U-M’s funding requests.”We are sending in enormous numbers of proposals for these funds,” Parnes said.Read the rest of the story here.