SSTI Digest

Peter Jobse has been named executive vice president and chief operating officer of Virginia's Center for Innovative Technology.

Patrick Jones, executive director of the Biotechnology Association of the Spokane Region, has been named executive director of Eastern Washington University's new Institute for Public Policy and Economic Analysis.

Dennis Lower of the Biomedical Research Foundation of Northwest Louisiana is the new leader of the Louisiana Economic Development Council.

Judy McKinney-Cherry is the new director of the Delaware Economic Development Office.

Peter Jobse has been named executive vice president and chief operating officer of Virginia's Center for Innovative Technology.

Patrick Jones, executive director of the Biotechnology Association of the Spokane Region, has been named executive director of Eastern Washington University's new Institute for Public Policy and Economic Analysis.

Dennis Lower of the Biomedical Research Foundation of Northwest Louisiana is the new leader of the Louisiana Economic Development Council.

Judy McKinney-Cherry is the new director of the Delaware Economic Development Office.

Carl Russell has resigned as president and CEO of Tucson Technology Incubator Inc. Bo Statham, a consultant to UniSource Energy Corp. on new business development and a client adviser at the incubator, has been named interim president.

Dr. Melvyn Schiavelli, senior program officer for the Harrisburg Polytechnic Development Corporation, has been named acting president and CEO, succeeding Dr. Charles Clevenger.

Lt. Gov. Gary Sherrer has left his position as secretary of the Kansas Department of Commerce and Housing to become executive vice president with GoldBanc Corp. Sherry Brown, who had retired from the department, will return to serve as interim secretary.

The National Science Foundation (NSF) recently announced 24 awards under the new Math and Science Partnership (MSP) Program — an anticipated investment of $240 million over five years in projects to improve the achievement of K-12 students in science and mathematics. The Department of Education is an NSF partner in this effort, co-funding two projects involving state education agencies.

Seven comprehensive MSP awards total about $147 million over five years and will affect about 1.8 million students in 11 states. Seventeen targeted partnership grants, which are intended to improve achievement in specific disciplines or grade ranges, total about $90 million over five years and will affect about 200 school districts and some 600,000 pre-K through grade 12 students in 11 states.

Innovation Philadelphia (IP), the public-private partnership dedicated to enhancing the global innovation economy of Philadelphia through technological leadership, received on Monday a $442,500 investment from the U.S. Department of Commerce's Economic Development Administration.

With a goal of developing a coordinated technology-based, cluster-driven, economic development strategy for the Greater Philadelphia Region, the investment will support a series of studies of the Knowledge Economy that will focus on new approaches, relationships, methods and technologies, including: cluster analysis, innovation diagnostics, nanotechnology and life science research and workforce development, university and industry technology consortium, angel investment, and knowledge partnership for student engagement and retention.

Universities and the investment they pour into R&D are "major factors" that contribute to a region's economic growth, concludes a recent report funded by the Ewing Marion Kaufman Foundation, NCOE and the U.S. Small Business Administration (SBA). The report's results show the growth occurs in less time than traditionally has been noted and that small firms innovate at a rate almost twice that of large firms.

The continuing layoffs of thousands of workers, particularly in the information and communication tech sectors, creates significant hardships for the affected local and regional economies. For instance, a recent Federal Reserve Bank report noted office vacancy rates in Silicon Valley hovering around 40 percent.

Fortunately, highly skilled labor does not tend to stay unemployed too long. If these people cannot find work, they make it by launching their own innovative businesses.

The tech-based economic development community can do a lot to encourage tech firm start-ups in a down economy.  Understanding the entrepreneurial mindset, explored from two different perspectives in the following papers, is critical for ensuring support programs address the entrepreneurs' needs.