To turn around state's economy, Michigan governor turns to U. Mich.

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The school has received $38.4 million so far from Gov. Jennifer Granholm's 21st Century Jobs Fund, which set aside $100 million of state money for investment in emerging fields like biotech. Most of the grants depend on a promise not just to do research but to try to profit from that research--by converting it into a product or a company, the Michigan Daily reports.