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What the MSU Product Center Can Do for Your Clients

What the MSU Product Center Can Do for Your Clients. Bill Knudson. Overview. History of the Product Center Services we provide Funding/Fees. History of the Product Center. Created in 2003 Base funding provided by Extension and MSU AgBioResearch (Experiment Station)

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What the MSU Product Center Can Do for Your Clients

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  1. What the MSU Product Center Can Do for Your Clients Bill Knudson

  2. Overview • History of the Product Center • Services we provide • Funding/Fees

  3. History of the Product Center • Created in 2003 • Base funding provided by Extension and MSU AgBioResearch (Experiment Station) • Since 2004 Product Center clients have created 995 jobs and retained an additional 465. • They have also invested $316.7 million in the state.

  4. Venture Development • Innovation Counselors – Located throughout the state, primarily local extension personnel. • Work individually with entrepreneurs, generally small firms.

  5. HI-VAT • High Impact Venture Action Team • Works with established firms on larger projects • Generally work is carried out by campus staff

  6. Cooperatives • We are also a cooperative development center and work with a wide range of coops.

  7. Partners • The Product Center is a portal to services at MSU - Ag and Biosystems Engineering - Packaging - Food Science - Other Departments

  8. Services Offered • Product Development – standardized at a commercial level • Business Planning – We do not write business plans but we work with our clients • Process Authority – To meet FDA requirements • Feasibility Studies • Market Research • Product Testing/Packaging – Including consumer panels • Regulation – Product labels

  9. Fees • Initial consultation is free • Generally speaking the fee is $118 per hour for specialized services geared to specific clients or projects.

  10. How to Contact Us • Email us at product@msu.edu • Call Venture Development at (517) 432-8750 or Fax (517)432-8756 • Write or visit Venture Development at: •       MSU Product Center Food-Ag-Bio      Farrall Agriculture Engineering Hall      524 S. Shaw Lane, Room 101      East Lansing, MI 48823

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