The incubator, led by the U-M Technology Transfer Office and called the Venture Accelerator, will provide space to a handful of startup companies led by faculty entrepreneurs. It will be housed alongside offices for the Tech Transfer Office and the Business Engagement Center, groups that are moving to the ex-Pfizer site - now called the North Campus Research Complex - at the end of the month.
The first tenant, Life Magnetics, arrived Dec. 20, 2010. The other four companies are Phrixus Pharmaceuticals, EngXT, 3D Biomatrix and Civionics.