LANSING — The Michigan Economic Development Corp. promoted Biotech Venture Director Fredrick Molnar to vice president of entrepreneurship and innovation, effective immediately.
Molnar was named MEDC’s biotech venture director in MEDC’s entrepreneurship, innovation, and venture capital division in September 2014. In that position, he was responsible for oversight of the Michigan Life Science and Innovation Center in Plymouth and for setting the strategy to move the biotechnology and medical device segment in Michigan forward.
Previously, he served as the chief commercial officer for iCyt Mission Technology, a flow cytometry startup based in Champaign-Urbana that was a spinoff from the University of Illinois. iCyt was acquired by the Sony Corp. and was later renamed Sony Biotechnology Inc.
Molnar has an associate’s degree in electronics from Henry Ford Community College, a bachelor’s degree in biology from Wayne State University, and an MBA from Eastern Michigan University. Molnar previously served on the joint evaluation committee to select MEDC’s M-TRAC funded schools.