Accelerating Capital Strategy
Accelerating Capital is an innovative strategy for business recruitment surrounding Michigan State University’s National Superconducting Cyclotron Laboratory (NSCL) and the future Facility for Rare Isotope Beams (FRIB). LEAP received a grant from the Michigan Economic Development Corporation (MEDC) and worked closely with regional stakeholders to conduct a study of this growing, new industry and the opportunities to develop it in the Lansing region.
The Accelerating Capital Report identifies three areas of focus:
- Assessing the Lansing region’s ability to grow the particle accelerator industry
- Identifying targets for business attraction
- Establishing marketing and outreach strategies to promote the region
Summary Report | Full Report
The Accelerating Capital Center of Excellence
To implement these strategies, the Accelerating Capital Center of Excellence was created. The Center of Excellence is a collaborative partnership between multiple government agencies, private sector companies, educational institutions and non-government organizations to develop scientific discoveries into medical and security applications critical to the health and safety of Americans. The objective of the Center of Excellence is to increase the level of technology commercialization, attract companies, expertise and talent, investment and research funding surrounding these important endeavors.
LEAP’s role is to promote these activities, recruit talent and companies, facilitate collaboration and identify other opportunities that will contribute to economic development for Global Lansing.
Continue to use our and strengthen Lansing’s competitive advantages such as:
- Diverse and educated population
- Growing entrepreneurialism
- Affordable living
- Advanced manufacturing expertise
Talent Development Opportunities
- School programs to introduce the youth to STEM earlier
- Internships with local companies in the industry
- Specializations by local colleges and universities
Establish The “Accelerating Capital” Brand
- Conduct direct outreach, such as meeting with prospect companies and attending industry events representing Lansing’s accelerator presence
- Host industry events in the area and bring professionals in to see Global Lansing first-hand
Michigan Economic Development Corporation (MEDC) has supported our efforts in Accelerating Capital by providing financial support for the original strategy report and supplementing LEAP’s Accelerating Capital business development budget.
Accelerator Task Force Support
The Accelerator Task force is a strategic planning group made up of industry professionals, area business leaders, representatives from Michigan State University, and economic development experts. The goal of this group is to collaborate and find connections that can move Lansing’s accelerator industry forward to set the table for the completion of the FRIB in 2022.
Task Force Members
Brad Sherrill, Ph.D., Director, Michigan State University, National Superconducting Cyclotron Laboratory, and Director of Users, Facility for Rare Isotope Beams
Janet Lillie, Ph.D., Assistant Vice President for Community Relations, Michigan State University, Office of Governmental Affairs
John Melcher, Associate Director, Michigan State University, Center for Community and Economic Development
John Vincent, Ph.D., Vice President of Engineering and New Product Development, Ionetix Corporation
Ray DeVito, Ph.D., Technology Manager, MSU Technologies, Michigan State University
Terry Grimm, Ph.D., President and Senior Scientist, Niowave, Inc