SSTI Digest

Ohio Governor Bob Taft today signed into law Am. Sub. House Bill 1, putting into place the newest components of his Third Frontier Project to foster tech-based economic development (TBED) and growth in Ohio.

The law creates incentives for businesses to invest in Ohio companies as they commercialize research coming out of private, public and university labs. Among its key provisions, the act:

With preparations for SSTI's 7th Annual Conference on October 20-22 well underway, we have received many questions from local, regional and state organizations wanting to host the premier event for the tech-based economic development profession in 2004. Because of the increased interest, SSTI has bumped up its schedule for selecting the 2004 site. We are accepting nominations of host organizations and locations for SSTI's 8th Annual Conference until July 11, 2003.

Held in late September or October each year, SSTI’s annual two-and-a-half day event attracts approximately 300 participants from more than 40 states and several countries. The conference is especially designed for those engaged in tech-based economic development on the local, regional, state or national level.

SSTI is declaring its independence from publishing an issue of the SSTI Weekly Digest on July 4. The Digest will resume on July 11.

With the state's current fiscal year winding down and a $1 billion deficit looming for the next one, Ohio has re-emphasized its commitment to building a stronger economic future through research and technology with a series of multi-million grant announcement over the past three weeks.

Part of Governor Bob Taft's Third Frontier Project, the state has competitively awarded nearly $20 million to each of the first three Wright Centers of Innovation. The centers program represents a $500 million, 10-year capital fund to support the construction and furbishing of an unspecified number of research and commercialization facilities associated with the state's academic research community.

Kenneth Alfred will become the first executive director for the new Ohio Fuel Cell Coalition.

The National Business Incubation Association (NBIA) honored six top incubation programs, graduates and clients at its 17th International Conference on Incubation, held May 18-21 in Richmond, Va. Award winners are highlighted below:

A Note from the Editor Don't panic, Mother's Day is still 10 days off. You haven't missed the opportunity to reflect on the contributions she made in your life. Most mothers, at least the good ones, try to instill some basic traits in their children that are critical for the growth and improvement of a better society. Honesty, integrity, respect, consideration, compassion, modesty, and responsibility leap to mind. Remember those struggles as a kid when you knew the right thing to do but didn't want to do it? Like, I remember my mom making me shovel the snow for the old lady who lived alone down the street for free when the rest of the gang were building forts for the best snowball fight of the blizzard of `78. My back ached as I walked up the street — just in time to be pelted by a barrage of snowballs from my buddies.

SSTI extends its thanks to those of you who have participated in the 2003 SSTI Weekly Digest survey. As mentioned in a separate e-mail earlier this week, the survey results help us determine the editorial direction and content of future issues of the Digest and Funding Supplement. We're also open to suggestions for our website, publication catalog, investment portfolios and hairstyles, so the survey offers a great chance to express yourself.

Hundreds of you responded in the first few minutes, potentially causing a traffic strain on our little server. Four Digest recipients were nice enough to alert us to a technical glitch that involved a sordid browser-firewall relationship that we think we've resolved. If you encountered any problems, we hope you will try again.

NorTech is interested in hiring an Associate Director who will be responsible for all activities associated with one or more initiatives and ongoing high level support for the initiatives. The mission of NorTech is to ensure economic growth and leadership in Northeast Ohio by promoting entrepreneurially based globally competitive technology development and commercialization. For each assignment, the Associate Director would be responsible for planning; convening and coalescing support from CEOs; advocacy at the local and state levels; launching the initiatives; and maintaining an active governance or advisory role post launch. NorTech seeks highly qualified individuals who have demonstrated success as entrepreneurs, senior business development assignments in growth organizations, or leadership experience in public-private initiatives. More information is available at http://www.ssti.org/posting.htm.

NorTech – an organization whose mission is to ensure economic growth and leadership in Northeast Ohio by promoting entrepreneurially based globally competitive technology development and commercialization – seeks to hire an Associate Director who will be responsible for all activities associated with one or more initiatives and ongoing high level support for the initiatives. This includes for each assignment: planning; convening and coalescing support from CEOs; advocacy at the local and state levels; launching the initiatives; and maintaining an active governance or advisory role post launch. NorTech seeks highly qualified individuals who have demonstrated success as entrepreneurs, senior business development assignments in growth organizations, and/or leadership experience in public-private initiatives. More information is available at http://www.ssti.org/posting.htm.

William Seelbach has been named Interim President of the Ohio Aerospace Institute.

During the past week, SSTI has made several additions to its website <http://www.ssti.org> that readers may want to note: