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Local TBED Briefs

November 14, 2003

Iowa: Davenport Sells City Land for Tech Incubator

To jumpstart the city's multi-million-dollar revitalization project, the Davenport City Council voted last week to sell city land to a developer to build a tech incubator, according to the Associated Press. The initial phase of the project, valued at $113.5 million in all, will begin with a 40,000-square-foot facility to house start-up, technology-based businesses. Construction of the business incubation center is slated to be finished by June 2004. Once complete, the center could situate up to 10 new high-tech start-up companies.

Kansas: Lawrence Chamber Creates Life Science Task Force

High-paying, high tech jobs in the life sciences should become more readily available in Lawrence, Kan., thanks to a task force recently created by the city's Chamber of Commerce. The 31-member Lawrence Life Sciences Task Force is being commissioned with the sole purpose of growing the area's life sciences industry. Scientists, business leaders and public officials in Lawrence comprise the group, which held its first meeting on Nov. 7. In addition to developing a life sciences strategic plan, the task force plans to join other groups such as Kansas University in lobbying for more research funding dedicated to the life sciences.

Louisiana: New Orleans Chamber, Tech Council Create Research Grant Program

Collaboration between two economic development agencies in Louisiana is expected to result in more small grants for university researchers, the Nov. 6 issue of the Times-Picayune stated. The New Orleans Regional Chamber of Commerce's MetroVision is joining the Louisiana Technology Council in creating a "proof-of-concept" fund, which will start with $100,000 in seed money. MetroVision, the chamber's economic development arm, is supported by state and private funding and is supplying the seed money. The tech council also has promised to dedicate to the fund part of the money it receives from fund-raising efforts.

Massachusetts: UMass Establishes Tech Marketing Fund

A fund to support technology transfer is being undertaken by the University of Massachusetts, the Worcester Telegram & Gazette reported on Nov. 5. While a $100,000 contribution has gotten the fund started, most of the fund's anticipated $1 million will come from fund-raising and internal allocations, according to a university official. The initial contribution stems from $20 million in revenue generated by the university's technology licensing efforts.

Iowa