All of us know the fundamental changes under way with our state's economy. I've often shared with you the University's response to this transformation—a new way of thinking about the impact of our teaching and research.
We needed to adapt to rapid change, become more entrepreneurial, and refresh outdated modes of operation. At the University of Michigan, we are "all in" when it comes to entrepreneurship and innovation. We are always teachers. Now we are finding ways to teach the important concepts baked into entrepreneurial behavior.
Promoting, teaching and rewarding entrepreneurship builds a new mindset for today's graduates and the universities that prepare them for the new economy. This embracing of innovation allows us to take the theoretical knowledge we have learned and apply it creatively—and practically—to a wide variety of situations.
The state of Michigan was known for its disruptive technologies in the early part of the 20th century. Today, in the early part of the 21st, our state and our university have forged opportunity out of adversity as we create the disruptive innovation to meet today's needs.
Several weeks ago I wrote asking for your support of Governor Snyder's recommendation to increase higher education funding in next year's budget. If you haven't yet reached out to your legislator to convey how you feel about the governor's proposal, I encourage you to do so.
As always, it's a pleasure to share with you examples of our work throughout the state.