SSTI Digest

Ohio's Edison Technology Centers generated a direct economic impact for Ohio of more than $730 million from 1992 to 1995, according to a new study prepared by Battelle Memorial Institute for the Edison Centers. The seven Edison Centers are non-profit organizations that combine state, industry and academic resources to solve industrial problems and develop new technologies.

Please take a few minutes to complete this form and return it to SSTI. We would like to have responses faxed back to us by November 8, 1996 Fax: 614-421-9123

We are sad to report that Matt Filner, a Policy Analyst with SSTI, has submitted his resignation effective October 18 to pursue his academic studies full-time. In addition to being a valued staff member of SSTI, Matt was a key participant in organizing the Colloquium at Airlie House and a vital contributor to Partnerships: A Compendium of State and Federal Cooperative Technology Programs. His dedication, persistence, and creativity will be sorely missed. We wish him well as he works toward his Ph.D. at Indiana University.

We welcome our first SSTI-Kauffman Interns: Cathleen McComas and Nakisha Fouch. Cathleen is a graduate student in public policy and management. Nakisha is pursuing her bachelor's degree in economics. Funding for the SSTI-Kauffman Intern Program has been provided by the Ewing Marion Kauffman Foundation's Center for Entrepreneurial Leadership.

We are sorry to say goodbye to Ellen Moore, SSTI's Services Coordinator. Ellen was responsible for the initial administrative set-up of the Institute and produced the SSTI Weekly Digest.

The State Science and Technology Institute has launched its home page on the World Wide Web. The site serves as a one-stop resource for cooperative technology program managers. The site provides information on SSTI activities including information services and research.

Seed Capital Venture Fund Manager

The newly created Seed Capital Venture Fund in Cleveland, Ohio is seeking a fund manager. The fund will be professionally staffed with experienced managers who have a substantial ability to drive the fund to invest for returns, not perform community service. Key elements of the fund's structure include its focus on seed capital and early stage investment in technology-based companies in the State of Ohio, with heavy emphasis initially on Northeast Ohio opportunities.The structure of the fund is a limited partnership with a 10-year life. Gains will be shared 80/20 with the Fund Manager who will in turn share 3 to 4 points with appropriate nonprofit "intermediaries." A Board of Advisors comprised of members of the venture capital community, representatives of Cleveland Tomorrow (similar to the chamber of commerce) and state-wide members will help in raising capital, but will not make investment decisions.