On October 30, 2017, at Leveraging Intellectual Property In Today's Knowledge Economy, a kick-off event which took place at the University of Southern California, the new Michelson Institute for Intellectual Property was announced. The new institute oversees the earlier Intangible Advantage IP course and provides resources for both educators and students of the program. It also offers the option of becoming an ambassador for the institute.
In 2017, Dr. Gary K. Michelson and Alya Michelson, through the MMRF and the Human Vaccines Project, launched Michelson Prizes, which dispense $150,000 awards to specifically support out-of-the-box, high risk, high return, medically relevant research by scientists under the age of 36. Dr. Michelson partnered with the Human Vaccine Project to judge the Researcher Competition. The 2020 Michelson Prizes were awarded to Dr. Danika Hill, research fellow at Australia's Monash University, and Dr. Michael Birnbaum, assistant professor at MIT.