SSTI Digest

An overwhelming majority of residents in Georgia see higher education as vital to the state’s economic growth and quality of life, as more educational attainment is aligned with higher incomes, higher levels of entrepreneurship and less government spending. These conclusions are proclaimed in two reports – one poll-based and the other created from econometric data – by the Atlanta Regional Council for Higher Education (ARCHE) titled Georgians’ Perceptions of Higher Education and What Does Georgia Gain by Investing in Its Colleges and Universities? For example, 75 percent of Georgians believe higher education is “very important” for the state’s economic growth, compared to 21 percent stating it is “somewhat important” and 3 percent deeming it “not important”.  

Though Silicon Valley and New England still dominate the U.S. venture capital landscape, several other regions - whether through local initiatives or the natural evolution of the economy - have emerged as respectable national hubs of investment over the last decade. Some areas, like San Diego, have seen greatly expanded investments and have joined the top tier of venture markets as VC firms turned their attention toward biotech.   A new report from the National Venture Capital Association (NVCA) and PricewaterhouseCoopers highlights five regions – New Mexico, Pittsburgh, Seattle, Los Angeles and the Washington DC metroplex – that are not typically counted among the country's venture capital hotspots, but which have experienced remarkable growth in venture investment since 1997.  

On the heels of SSTI’s successful inaugural year awards program, recognizing exceptional achievements in approaches to improving state and regional economies through science, technology and innovation, we are pleased to invite applications for the 2008 awards cycle.   The purpose of the awards program is to showcase best practices across a broad spectrum of categories encompassing several elements that have been found in successful technology-based economies. The categories are: Expanding the Research Infrastructure; Commercializing Research; Building Entrepreneurial Capacity; Increasing Access to Capital; Enhancing the Science & Technology Workforce; and, Improving Competitiveness of Existing Industries.

Publisher's Note: SSTI notes with much sadness the March 5 passing of Indiana State Sen. David Ford, following a battle with pancreatic cancer. David was a good friend not only of SSTI's, but also of the tech-based economic development community across the nation. In addition to being a tireless and cheerful advocate for investing in science and technology, he was also a gentleman in the true sense of the word, and we miss him greatly.

David Abbott, executive director of the George Gund Foundation, was elected the new chairman of the Northeast Ohio-based Fund for Our Economic Future. Abbott replaces Robert Briggs of the GAR Foundation, who had served as chairman since the Fund was formed in 2004.

Birgitte Ahring has joined Washington State University as the director of the Center for Bioproducts and Bioenergy and as the Battelle Distinguished Professor, based at WSU Tri-Cities.

The Canadian Government this week released its budget for the 2008-2009 fiscal year, which includes several new TBED-related initiatives and increases in funding for a few existing programs. The government plans to leverage its relatively strong fiscal position by providing tax relief and paying down the national debt, while providing $606 million for workforce development and $440 for research over the next two years. Major science and technology (S&T) initiatives in the 2008 budget include: $140 million for Genome Canada to develop the country's genetic research and workforce; $250 million over five years for research in the automotive sector, including greener and more fuel-efficient vehicles; $250 million to research and commercialize carbon capture and storage technologies;

Three states recently wrapped up their 2008 legislative sessions, resulting in the passage of operating and capital budgets for the upcoming fiscal year. State lawmakers approved funding for new and existing TBED initiatives aimed at diversifying the states' economies through increased investments in energy programs, higher education research initiatives and science, technology, engineering and mathematics (STEM) fields.  South Dakota Lawmakers agreed to Gov. Mike Rounds’ recommendation of a one-time appropriation of $3.8 million for construction-related expenditures and $887,000 in operating costs to supplement an $8 million grant for a high speed data network connecting universities and research centers across the state (see the Dec. 12, 2007 issue of the Digest).  

Earlier this month, three universities - Stanford University, the University of Texas at Austin and the University of California, Berkeley - announced partnerships with the King Abdullah University of Science and Technology (KAUST), a graduate-level research university set to open in Saudi Arabia by September 2009. Each of the U.S.-based universities will assist with the development of the following initiatives within specific academic fields of study at KAUST:

The presence of "surrogate universities" - that is, nonacademic institutions able to attract a skilled workforce, produce marketable innovations and cultivate local entrepreneurship - have greatly influenced the growth of the tech-based economy of Boise and Idaho's Treasure Valley. Furthermore, distinctions in these surrogates' culture, innovation model and marketable products may help to explain the development of new technology firms in the metro area. In Boise, Idaho: An Overview of the High-Technology Economy in the Treasure Valley, Heike Mayer of Virginia Tech follows the establishment and business activities of tech firms over the last four decades in a region without a research-intensive university, a factor often seen as a critical driver of economic development.

The U.S. Department of Homeland Security (DHS) recently announced the recipient universities to conduct security research through five new Centers of Excellence. These centers will develop new technologies to prevent natural and man-made disasters, improve government response to such crises and monitor the nation's shores and borders. The Department's Office of University Programs, under its Science and Technology Directorate, will manage the five new centers, which will each receive multi-years grants of up to $2 million per year for 4-6 years. The five centers include:

State universities and research programs depend on public support to develop and commercialize new technologies, but the actual science involved in these discoveries can seem intimidating and arcane to the layman. How then should a state go about engaging the public in scientific research?   To address the issue, Vermont Public Television and Vermont EPSCoR have joined forces to launch a new television series that will introduce Vermont residents to the research and innovations being developed in the state's universities and labs. The program, Emerging Science, will explore the work of Vermonters engaged in scientific exploration and highlight the successes of the state's scientific community. Each episode will feature a developing scientific field, including nanotechnology, global climate change and remote sensing.  

More information on these opportunities and others is available at http://www.ssti.org/posting.htm. The City of East Lansing, Mich., a residential community of 47,000 people and home to Michigan State University, is seeking a project manager for its New Economy Initiatives. This newly created position will focus on business and economic development, including the Lansing Regional SmartZone, East Lansing’s high-tech incubator/accelerator, arts and cultural entrepreneurship program, and related initiatives. The position also will have some responsibilities with housing and Community Development Block Grant programs. A bachelor’s degree in business, economics, urban planning, community development, geography, or a related field is required; a master's degree is preferred.

The innovation gap between Europe and the U.S. is shrinking by several measures, according to the latest benchmarking study from the European Union (EU). The size of the gap remains significant, however, due in part to factors such as an increasing public R&D intensity in the U.S. and a decreasing public R&D intensity in the EU.   The European Innovation Scoreboard 2007 examines the 27 EU member states, in addition to Croatia, Turkey, Iceland, Norway, Switzerland, Japan, the U.S., Australia, Canada and Israel. Prepared by the United Nations University - Maastricht Economic and Social Research and Training Centre on Innovation and Technology (UNU-MERIT), Scoreboard 2007 compares these countries using 25 different measurements where comparative data is available.