SSTI Digest
Ontario’s RIN Dares Venture Where More TBED Must
By creating Ontario’s Regional Innovation Networks (ORIN) three years ago, the provincial government experimented with how to establish customized systems-specific, but network-integrated approaches to strengthening and supporting regional innovation. The early successes of the 12 Regional Innovation Networks (RIN) scattered across the vast province are described in a November report, The Critical Role of Regional Innovation Networks in Ontario’s Economy, and the result of the $13 million initiative of the Ontario Minstry of Economic Development is a potential model for other states and provinces to consider.
A longer explanation is required, however, to substantiate that conclusion.
First is to identify the problem of plenty. One now can walk into nearly every major city in the U.S. or Canada and find a vast collection of organizations, programs and tools designed to support employment growth and business competitiveness.
Recent Research: How Do New University Departments Affect the Knowledge Production in a Region?
In the quest for a region to become more innovative or attain higher levels of degree attainment, expanding the size of existing education institutions or increasing the number of community colleges and universities seems to be a somewhat practical strategy. But how long after these institutions are created or expanded do they produce a measurable impact on a region’s innovation environment?
Useful Stats: 2006 USPTO Patents per 100,000 Employees by State
Patent activity is a commonly used indicator of a state or region’s innovation capacity. SSTI has prepared a table illustrating the number of patents issued from the U.S. Patent and Trademark Office (USPTO) per 100,000 employees for every state and the District of Columbia for each of the five years from 2002 to 2006. Additionally, the percent change in patents per employee over the five-year period was calculated. For the U.S. as a whole, including Puerto Rico and Guam, the per-employee number of patents rose 0.89 percent, from 75.7 patents per 100,000 workers in 2002 to 76.4 patents per worker in 2006.
The location of origin for each patent was determined by identifying the residence of the first-named inventor on the patent. In 2006, Idaho led the nation with 266.8 patents per 100,000 workers employed in the state. This was followed by California (161.5), Vermont (160.3), Oregon (149.2), and Massachusetts (136.7). The District of Columbia had the lowest number (10.3 patents), along with Mississippi, Alaska, West Virginia and Arkansas.
SSTI Job Corner
A complete description of this opportunity and others is available at http://www.ssti.org/posting.htm.
The U.S. Civilian Research & Development Foundation, a nonprofit organization that promotes international scientific and technical collaboration, is seeking a program manager for its Partner Development Program. The ideal candidate for this position is a highly motivated individual with a background in business development, marketing or international business who can network with U.S. industry and pursue new U.S. and Russian partner development opportunities. A bachelor's degree or equivalent work experience is required; a master's degree is preferred. Candidates also must have 2-4 years of prior work experience managing projects, with specific expertise in one or more of three fields: business development, marketing or international business.
People & TBED Organizations
Jeffrey Boyce was named the assistant vice president of the Research Foundation of the State University of New York. Boyce had been the deputy commissioner for manufacturing services at Empire State Development.
Steve Crawford has joined the Brookings Institution; he was with the National Governors Association most recently.
The Southeastern Universities Research Association (SURA) selected Marc Oettinger as its new technology commercialization manager.
People & TBED Organizations
Jeffrey Boyce was named the assistant vice president of the Research Foundation of the State University of New York. Boyce had been the deputy commissioner for manufacturing services at Empire State Development.
People & TBED Organizations
Steve Crawford has joined the Brookings Institution; he was with the National Governors Association most recently.
People & TBED Organizations
The Southeastern Universities Research Association (SURA) selected Marc Oettinger as its new technology commercialization manager.
People & TBED Organizations
RiverVest Venture Partners, a life science venture capital firm headquartered in St. Louis, announced it will be opening an office at the BioEnterprise facility in Cleveland. The office will be managed by Karen Spilizewski, who is joining RiverVest on a part-time basis as a vice president on Jan. 1.
People & TBED Organizations
Steven Zylstra is the new president and CEO of the Arizona Technology Council.
Education, Research Initiatives Slated for Funding in State Budgets
Just as several states have announced projected budget shortfalls, at least three governors have revealed stable fiscal conditions for the coming year with proposed funding to support new and expanded education and research initiatives.
South Dakota
Gov. Mike Rounds unveiled his fiscal year 2009 budget recommendation to lawmakers last week, which includes funding for construction and operation of a high-speed data network connecting universities and research centers across the state. The High Speed Research, Education and Economic Development Network is a dim-fiber optic solution that will enable all six universities, the underground laboratory at Homestake Mine, University Center, EROS data center, and state government to share massive amounts of research data with scientists worldwide by utilizing the highest network speeds available, according to the governor’s press office.
Study Finds Angel Groups Receive Returns Consistent with Other Investments
By nature, angel investing is a risky endeavor. Angels are often involved with unproven seed- and early-stage companies and are frequently the first outside investors to become involved in a new venture. Despite these risks, a report released by the Ewing Marion Kauffman Foundation and the Angel Capital Education Foundation argues that angel investors working through investor groups often achieve attractive returns. Although only about half of all angel deals result in a profitable return, angels who maintain a portfolio of investments and have the resources to devote to extensive due diligence and company oversight frequently see returns that are competitive with other types of equity investment.
The authors of the report, Robert Wiltbank of Willamette University and Warren Boeker of the University of Washington, conducted a survey of 539 active angel investors to find out more about their background and the results they had seen from their investments. Since there are no legal reporting requirements for angels, the sample was limited to investors who are associated with angel groups.