SSTI Digest

Boise State University has tapped Mark Rudin as its new vice president for research.

Charles Sparks was named business development director of the Indiana Economic Development Corporation.

Indiana University announced that William Stephan will be the university's new vice president of engagement, a newly created position that becomes effective in September.

E. Norris Tolson is officially the president and CEO of the North Carolina Biotechnology Center, having served as interim CEO since January.

In keeping with the July 1 fiscal year deadlines, several states passed their budgets last month. The following states passed budgets that include funding for alternative energy, R&D tax credits, and science, technology, engineering and math (STEM) initiatives.    Connecticut The FY 2008-09 biennial budget includes funding for initiatives aimed at developing a fuel cell cluster in the state. The budget for the Connecticut Department of Economic and Community Development appropriates up to $375,000 to assist the Connecticut Center for Advanced Technology (CCAT) in establishing a hydrogen fuel cell coalition and industry cluster, championed by Gov. Jodi Rell in her Budget Address (see the Feb. 19, 2007 issue of the Digest). In addition, the budget provides up to $450,000 to CCAT for the purpose of drafting a fuel cell economic development plan.   New Hampshire

A bill designed to keep new Maine graduates living and working in the state after college became law last week with Gov. John Baldacci’s signature. The Opportunity Maine bill, LD 1856, creates a tax credit to assist graduates with their student loan payments and enables employers of graduates to pay off the student loans.   Under the bill, tax credits of up to $2,100 per year or $8,400 total are provided for graduates who spend all four years in the University of Maine System or Maine Community College System. The credits can only be claimed while the person resides and works in the state. The legislation also allows for employers of Maine graduates to assume the student loan debt and collect the tax credits.   Program goals are to ensure access to training and higher education, bring higher paying jobs to the state, offer educational opportunity and retraining, and retain a workforce of young, educated individuals.  

Gov. Mike Rounds recently announced that South Dakota will join a national partnership, led by many of the country's leading information and communication technology (ICT) companies, to improve science and technology education and the skill set of the state's high-tech workforce. The Partnership for 21st Century Skills, an ICT advocacy organization, will advise the state on designing curriculum that meets the needs of software, electronics, networking, telecommunications and Internet-based companies. South Dakota is the fifth state to partner with the organization, which will begin a full assessment of the state's K-12 and higher education system later this year.   Gov. Rounds has created the P21 Advisory Council, a new advisory body, as part of plans for the organization. The 20-member council includes leaders from South Dakota businesses, universities, the governor's office and the state legislature. Council members will help translate the partnership's framework for 21st century education into policies that will address the specific needs of the South Dakota ICT economy.  

A new initiative to target and promote Indiana's manufacturing and logistics sector will do so in a similar manner to the 2002 BioCrossroads initiative that aided in transforming the region’s life sciences industry, the Central Indiana Corporate Partnership (CICP) recently announced.   Conexus Indiana, the new initiative launched by CICP, will address three key priorities: developing a highly-skilled manufacturing workforce; creating industry collaborations to explore new business opportunities; and aggressively marketing Indiana’s manufacturing and logistics strengths to the business community, potential workers and the general public.    CICP anticipates a total budget of $6.5 million through 2009 with a $3 million grant by the Lilly Endowment and additional pledges by leading companies and institutions. The funds will be used to support the following planned and ongoing efforts:

For an industry that takes in more than $10 billion per year, video games receive relatively little dedicated support for economic development initiatives. When video game creators do attract the attention of federal and state politicians, it is often because of allegations of violent content and for encouraging sedentary lifestyles amongst consumers. A handful of states, however, have launched programs and credits that actively encourage the growth of the industry.   Texas joined these states last week when Gov. Rick Perry signed a bill approving up to $22 million in incentives for the entertainment sector, including video game companies. The money will be used to offer grants that will cover up to 5 percent of the total in-state spending on any video game project. The awards may range up to $250,000. Similar grants will be available for film, advertisement and television production through the program.

The Advanced Technology Development Center (ATDC) within the Georgia Institute of Technology announced its affiliated companies have received more than $1 billion in venture capital funding since 1999. Amassed from 160 separate deals, the amount represents 15 percent of the total venture capital in Georgia, about one out of its every five deals in the state.   Taking a closer look at the numbers over the past eight years, 75 companies at the ATDC received funding from 139 separate venture capital investors. Ten of these companies raised more than $25 million, and 56 percent of the deals came from outside of Georgia.   Considered one of the nation’s most successful technology incubators, the ATDC is a component of Georgia Tech’s Enterprise Innovation Institute, which is the school’s primary organization for economic development and technology commercialization. Since its creation in 1980, the incubator has developed 112 companies, with locations in the cities of Atlanta, Savannah, and Warner Robins.  

Vermont, Connecticut and California lead the nation in the race to adopt energy efficiency policies, programs and technologies, according to the 2006 State Energy Efficiency Scorecard.   The American Council for an Energy-Efficient Economy (ACEEE) released its findings last month, in concert with federal energy legislation being considered by Congress. States spend about three times as much on energy efficiency programs as the federal government and are leading the way on policies that drive energy efficiency investment, according to the authors. The scorecard ranks each state and the District of Columbia within the following eight categories:

With the deadline less than two weeks away, we hope you are putting the finishing touches on your Excellence in TBED Award application.   International Recognition, External Validation, and Education and Outreach are just a few of the reasons why you should apply. SSTI’s awards program is designed to celebrate the exceptional achievement in technology-based economic development occurring around us everyday. Nonprofit organizations, local and state governments, economic development councils, and other organizations that promote innovation are encouraged to apply.   Please help us make the inaugural Excellence in TBED Awards program a success. The application and complete instructions are available at: http://www.ssti.org/awards.htm.