SSTI Digest

Based on the Census report and accompanying data, SSTI has prepared two summary tables presenting net migration figures for the 1995-2000 for each state and for the 276 Metropolitan Statistical Areas in the U.S. For each table, the jurisdictions are ranked by numerical gain or loss in migration.

The state table is available at: http://www.ssti.org/Digest/Tables/110703t2.htm

The table of MSAs can be found at: http://www.ssti.org/Digest/Tables/110703t3.htm

The complete MSA data set can be obtained at no charge from the U.S. Census Bureau.

With a $310 million commitment passed by the state legislature and as much as $200 million in additional support from the county government, the California-based Scripps Research Institute has agreed to locate its first branch or satellite office in northwest Palm Beach County, Fla. In return for the financial support, Scripps is to work toward employing as many as 545 workers on the site by 2011. At $935,780 per job – if the 545 target is met over the eight-year period – the project could be the most expensive tech-based economic development risk yet undertaken by the public sector.

In 2010, the end of Gov. Mike Round's second term – should South Dakota voters choose to grant him one – residents of the state will have several precise ways to measure whether or not he delivered on his economic development goals. Gov. Round's 2010 Initiative, released Oct. 15 at Mount Rushmore, is built on a few, very specific and quantifiable goals in tourism revenues, entrepreneurship, and R&D. They include:

America has fallen alarmingly behind other industrialized countries in access to and participation in college, which encompasses most education and training beyond high school, according to a study recently released by the Education Commission of the States (ECS).

Closing the College Participation Gap offers a portrait of who is participating in postsecondary education and who is likely to be most at risk for losing access to such education. Accompanying state and U.S. profiles document the extent of postsecondary participation in each of the 50 states and the nation as a whole. They also examine the conditions likely to influence access and participation, calling attention to issues that must be addressed if the nation is to compete successfully in the global marketplace.

Does it matter whether a start-up takes money from a large venture firm or a small venture firm? According to the just-released VentureOne Deal Terms Report, the answer is a resounding yes.

Using responses from executives at 269 companies that raised venture capital in 2002 and the first four months of 2003 paired with research from VentureOne, the report found that big venture firms – those with assets under management of $1 billion or more – take larger stakes in early rounds. In fact, investors in rounds led by large firms were likely to end up with 40 percent to 60 percent of a company more than half the time. In comparison, investors in deals led by small firms attained that kind of stake only 34 percent of the time.

Arkansas Tech Council in Formative Stages The nucleus of a new regional technology council is taking structure in Central Arkansas. The Arkansas Capital Corp. has launched Techpreneur, a new forum for the area's biotech and information technology entrepreneurs to be modeled after Washington, D.C.-based Netpreneur. The fledgling group initially will allow people to share ideas and network, but additional activities such as mentoring and educational services may be added in the future.

Editor's Note: Because there are so many great conferences of potential interest to the technology-based economic development community, SSTI typically limits announcements to the calendar page on our website. The timely nature of two upcoming events leads us to a rare break with our editorial policy.

Eight of the nation's leading scientists and engineers were named on Oct. 22 recipients of the 2002 National Medal of Science — the nation's highest honor for researchers who make major impacts in fields of science and engineering. Administered by the National Science Foundation (NSF) for the White House, the medal recognizes career-long, ground-breaking achievements and contributions to innovation, industry or education.

James Darnell of Rockefeller University and Evelyn Witkin of Rutgers University were among those who received the medal for their advances in scientific theory and developments. Darnell discovered RNA processing, while Witkin confirmed the notion of DNA repair.

Leo Beranek of Cambridge, Mass., a retired leader in acoustical science for the military and the arts, received the medal for engineering.

Looking to launch a biotech initiative? Getting into commercializing university research? Are tight budgets leading to more rigorous program evaluation?

Even if you are simply wanting to help your community understand the importance of technology, any of these efforts should get easier with the 12 new titles added to Resources for Building Tech-based Economies, SSTI's publications catalog. A three-page supplement of the new titles is now available on the SSTI website and, combined with the full catalog, more than 125 great resources can help make your programs more effective and your job more rewarding.

Bruce Mehlman, assistant secretary of commerce for technology policy in the Department of Commerce, will become the new executive director of the Computer Systems Policy Project on Dec. 1. Mehlman has run the Technology Administration's Office of Technology Policy since 2001.

Bruce Mehlman, assistant secretary of commerce for technology policy in the Department of Commerce, will become the new executive director of the Computer Systems Policy Project on Dec. 1. Mehlman has run the Technology Administration's Office of Technology Policy since 2001.

The Association of University Research Parks has recognized Sandia National Laboratories for the 2003 Excellence in Technology Transfer Award. Over the past five years, Sandia has participated in 183 new cooperative research and development agreements with industry partners to jointly develop technology that is incorporated into commercial products. In addition, Sandia has had 1,472 technical advance disclosures, 639 new non-federal entity agreements to assist partners in addressing specific technical challenges, and 415 commercial licenses that have transferred technologies developed at Sandia to the private sector.