Michelson stopped practicing in the beginning of the year 2001 because being an inventor was a full time job.
Today, Michelson devotes his time to a variety of causes ranging from animal welfare, medical research, online textbooks and buying up parts of the tropical rain forest in Central America.
He also formed the Medical Research Foundation trust. He’s using the first $200 million from the sale of the new technology to Medtronic to fund the foundation. He’d like to hear proposals from people who are on the cutting edge. “Not the people who already are the leaders who need no help getting funded. We would like to get into something on the ground floor, for example genetic engineering, or fetal stem cell research; something that has the potential to make a tremendous breakthrough in medicine.”