SSTI Digest

This week an estimated five million people will celebrate the first annual Global Entrepreneurship Week by taking part in one of the 13,000 events planned worldwide. Founded by the United Kingdom's Mark Your Mark campaign and the U.S.-based Ewing Marion Kauffman Foundation, Global Entrepreneurship Week is designed to foster innovation and ambition in people under 30 to encourage them to participate in the innovation economy and start new businesses. The initiative has found support from several high-profile world leaders like U.K. Prime Minister Gordon Brown, French President Nicholas Sarkozy, Singaporean President S.R. Nation, California Governor Arnold Schwarzenegger and Sir Richard Branson, founder of the Virgin Group.

Earlier this year, the Council on Competitiveness released a report on the nature and extent of high-performance computing in the private sector. This investigation, conducted by the council's High Performance Computing (HPC) initiative, found that while international best-in-class firms often make use of high-performance systems to solve complex problems, leading U.S. firms and their suppliers underuse these resources. It would greatly benefit the U.S. innovation economy to expand cooperation between private sector firms and supercomputing centers, according to the report.

Oregon Oregon Governor Ted Kulongoski has unveiled a suite of policies to address global climate change and support the state's renewable energy and clean technology industries. His proposals include instituting a cap and trade system for carbon emissions, improving the energy efficiency of commercial and residential construction, and tax credits for energy-conscious investments. The governor hopes to see the climate plan passed by the legislature in the coming year.

Venture capitalists invested $7.1 billion in companies during the third quarter of 2008, according to the latest Moneytree survey from PricewaterhouseCoopers and the National Venture Capital Association (NVCA). Though this figure represents a nine percent decline from the same period last year, investment levels still show little evidence of the current drought in venture-backed exits. Many expect investment to decline in the fourth quarter and next year, particularly for seed and early stage companies, as investors become more cautious and begin shifting their focus to the later-stage companies in their portfolio.

The University of Utah (U of U) announced last month two significant investments in TBED supported by USTAR, the state-funded initiative to grow Utah's knowledge economy.

Following a recent $15 million donation from the Sorenson Legacy Foundation, U of U officials said they would begin construction next year on the 193,000-square-foot anchor facility for the new Interdisciplinary Quadrangle, which encompasses 11 acres bridging the upper and lower campuses. The Sorenson Molecular Biotechnology Building will be the first of four multidisciplinary facilities and will house advanced imaging and nanotechnology laboratories.  USTAR is investing $100 million in the facility, which is slated for completion in 2012. The goal of the Interdisciplinary Quad is to bridge the university's health professions, engineering, science, business and law sections of the campus.

Universities in Canada are a major component of the country's science and technology ecosystem, and as gauged by funding, they performed 36 percent of Canada's R&D activities in 2007. In the U.S. comparatively, universities accounted for 13 percent of the R&D performed in the country. A breakdown of both the performing sectors and sources of R&D funding are included in two recent publications: Momentum: The 2008 Report on University Research and Knowledge Mobilization by the Association of Universities and Colleges of Canada (AUCC) and an August InfoBrief by the National Science Foundation.

At 54 percent, private industry performed $15.8 billion (Canadian) of Canada's R&D in 2007. This was followed by universities performing $10.4 billion, or 36 percent. The Canadian federal government performed 8 percent ($2.3 billion) and non-profit organizations contributed to 1 percent ($324 million) of R&D efforts.

SSTI has prepared a table displaying the amount of funding companies spent on R&D in each state from 2002 to 2006, the state's rank in 2006, the percent change over this five-year period, and the rank of that percent change. For the U.S. as a whole, industry-funded R&D was $193.8 billion in 2002 and rose to $247.7 billion in 2006 - a five-year jump of 27.8 percent. Note, the amounts in the chart are not indexed to a single year, but reflect values of when the data was released.

View the table at: http://www.ssti.org/Digest/Tables/111208t.htm.

After two years of campaigning, President-elect Barack Obama has begun shaping the agenda for his coming administration. Though nothing is certain at this point, throughout his campaign, President-elect Obama reiterated his support for TBED-related initiatives and plans to increase funding for research and innovation. His Plan for Science and Innovation, released in September, makes a wide range of TBED commitments, touching on clean energy investment, STEM education, entrepreneurship and basic research.

Tuesday's elections will allow the Democrats in Congress to expand their majorities in both the House and the Senate. With several races still to be decided, the exact composition of the House is undetermined, although Democrats picked up at least 18 seats, according to the Washington Post. As of Thursday afternoon, there are 57 seats in the Senate for Democrats and those who caucus with the Democratic party, 40 seats for the Republicans, and 3 seats yet to be decided - with Georgia going to a special runoff later this month, Minnesota heading for a recount, and Alaska too close to call.

The outcome of Tuesday's election resulted in several wins and some defeats for TBED among the more than 150 ballot measures presented to voters across the nation. Outlined below are the unofficial election results of select ballot measures from each state's respective election office and local media reports as of Wednesday, Nov. 5. More detailed information on the measures is provided in last week's issue of the Digest, which is available at: http://www.ssti.org/Digest/2008/102908.htm#election.

Arkansas Voters approved 63 percent to 37 percent a constitutional amendment authorizing the General Assembly to establish, operate and regulate state lotteries to fund scholarships and grants for residents enrolled in two- and four-year colleges and universities in the state. Voters also approved a measure to shift the state's budgeting from a two-year cycle to an annual cycle.

Eleven gubernatorial elections were held across the U.S. on Tuesday, resulting in the selection of three new governors - with TBED initiatives spread throughout their campaigns' messages.

Only one of the races resulted in a change of party affiliation in the top state position, Missouri, where Democrat Jay Nixon defeated Republican Congressman Kenny Hulshof after current-Governor Matt Blunt declared he would not seek another term. Democrats now hold twenty-nine governorships, expanding on their significant gains in 2006. Governors retaining their seats include John Hoeven (R-ND), Christine Gregoire (D-WA), Brian Schweitzer (D-MT), Jon Huntsman (R-UT), Joe Manchin (D-WV), Mitch Daniels (R-IN), John Lynch (D-NH), and Jim Douglas (R-VT).

Democrats took control of five legislative chambers in Tuesday's elections: Delaware House, Nevada Senate, New York Senate, Ohio House, and Wisconsin Assembly. The Republicans picked up control of four chambers: Montana Senate, Oklahoma Senate, and both the House and Senate of Tennessee. Two houses, the Alaska Senate and the Montana House, are now tied, according to information compiled by the National Conference of State Legislatures (NCSL) and published reports.   Starting in 2009, Democrats will control both chambers in 27 legislatures, Republicans will control both in 14 states, and the chambers will be split in eight states. Nebraska has a unicameral legislature and does not figure into this calculation.