To give environmental technology entrepreneurs the chance to have their business plans analyzed by experts and win money for it, the National Environmental Technology (NET) Incubator in Wilberforce, Ohio, is hosting the first annual National Business Plan Competition. Prizes including $10,000 for first place, $5,000 for second place and $2,500 for third place will be awarded. The company deemed "Most Likely to be Funded" will have the opportunity to present its plan before a panel of investors at the Energy and Environmental Network's Early Stage Capital Forum in Boston on May 8. In addition, two years of free rent in the NET Incubator will be granted to the finalist with the business plan deemed most likely to succeed, yet not ready for equity funding.
SSTI Publication Catalog Hits the Web
With more than 110 great titles to aid the policy, practice and study of tech-based economic development, the SSTI Publication Catalog, Resources for Building Tech-based Economies officially is online. Placing the catalog on the World Wide Web is the latest effort to reflect the SSTI's commitment to making available quality information on science and technology policy issues and tech-based economic development. From Accessing Capital to Commercializing Technology, 17 categories arranged by the most common objectives of local, state and national entities make it easy for users to locate specific titles. Whether you're new to the field or a seasoned professional, SSTI is confident at least one publication in Resources for Building Tech-based Economies will significantly improve your understanding and application of tech-based economic development policies. Visit the SSTI Publication Catalog online at:
2002 R&D Funding Buffeted by External Forces
Total R&D expenditures in the U.S. are expected to increase about 3.5 percent to $285.6 billion in 2002, according to the annual Battelle-R&D Magazine research and development forecast. Three significant factors, according to the forecast, have combined to exert influence on the state of R&D funding for the upcoming year, including the change in presidential administration, the faltering economy and the events and aftermath of the Sept. 11 terrorist attacks. The forecast suggests the impact of these factors cannot be underestimated. "In previous years, the analysis of the emerging patterns of R&D could readily accommodate almost any singular disruption and could present a reasonable picture of the anticipated effects," said Dr. Jules Duga, a Battelle senior researcher and co-author of the report. "However, the concurrent triple-whammy experienced over the past few months creates a degree of uncertainty that is higher than usual and adds a layer of complexity to the forecast."
$100 Million Centers of Excellence Initiative Proposed for Florida
In his fourth State of the State Address, Governor Jeb Bush outlined a new $100 million university-based initiative focused on nanotechnology and biotechnology. "I propose that we dedicate $100 million to create the Florida Technology Development Initiative. This initiative will build centers of excellence among our universities dedicated to the key research necessary for building our promising technology sectors. New facilities, laboratories, and endowed academic chairs will be the catalysts for entrepreneurial investment. If we build it, they will come. If we seize this opportunity, the best and the brightest academics, researchers, innovators, and entrepreneurs will call Florida home. And they in turn will help build businesses that will fuel our economy for the next century," Gov. Bush said. The Governor's written budget request provides more details on the proposal:
Foreign Students Boost Graduate S&E Enrollments
The following item was prepared by Bill Noxon of the National Science Foundation. U.S. collegiate enrollments in graduate-level science and engineering (S&E) fields rose in Fall 2000 for the second year in a row following several years of declines, according to a new National Science Foundation Data Brief from the Division of Sciences Resources Statistics. However, the entire 2000 increase, and then some, was due to the largest-ever, single-year increase in foreign student enrollees who held temporary visas. The 2000 graduate S&E enrollments rose a modest 0.8 percent over 1999, reaching 414,570 — the highest number since 1996. The all-time high was in 1993 when more than 435,700 enrolled as full-time graduate students. But the numbers declined for the next five years. In 1998, less than 405,000 students enrolled in S&E graduate programs U.S.-wide, representing the lowest total for the decade.
Rhode Island EPC Consolidates Slater Centers
Yesterday's Providence Journal-Bulletin reports the Rhode Island Economic Policy Council (RIEPC) has reduced by merger the number of Slater Centers. With the goal of increasing the impact of the state's annual $3 million investment, the restructuring from six to four centers is intended to reduce overhead and administrative costs, allowing more of each resulting center's funding to flow into emerging businesses. The Slater Centers foster industry-university collaborations, build and strengthen relationships among academic institutions, and develop industry clusters. The centers offer business development resources — in the form of investments of up to $100,000 — to nascent ventures while creating a culture of entrepreneurialism. The merger, according to RIEPC officials quoted in the article, also permits center staff to focus more time and energy in the portfolio companies.
Community College Scholarship Program Aids Tennessee Students
Tennessee's Sullivan County took a big step toward reducing the presence of a brain drain when it approved a scholarship program for its high school graduates. Officials in Sullivan County, a community of about 144,000 that neighbors Virginia, established the Educate and Grow scholarship program in May 2001. The program was approved first by the Kingsport (Tenn.) Board of Mayor and Aldermen and, with no dissenting votes, the Sullivan County Commissioners gave way to a $300,000-per-year plan for the program. Under the program's terms, up to 168 students may receive full tuition assistance on a per-year basis to attend Northeast State Technical Community College, and every student in Sullivan County's six high schools and homeschoolers is eligible for the $1,600 in tuition money. Recipients must take at least 12 hours of classes a semester, maintain a C-average, enter college within 15 months of graduating high school, and complete a 60-hour degree at Northeast State within three calendar years.
Tech-talkin' Govs: State of the State Addresses and Budget Requests
The third part in a series, "Tech-talkin Govs" highlights programs, policies and issues in tech-based economic development that were considered in the following governors' State of the State and Budget addresses. California Gray Davis, 2002-2003 Budget proposal, January 2002 http://www.dof.ca.gov/HTML/Budget02-03/00_toc.htm
Texas Governor Creates Biotech Council
Last week, Texas Governor Rick Perry announced the formation of the Governor's Council on Science and Biotechnology Development. The Council will strive to create a seamless system of innovation from the laboratory to the marketplace in rapidly developing areas of biotechnology — such as biopharmaceutical development, bioinformatics, genomics and nanotechnology. Governor Perry described the Council's mission as one that will ultimately bring more research dollars to Texas higher education institutions, encourage university researchers to get products that advance the quality of life to the market, and create biotechnology jobs — and growing companies — across Texas. Among its responsibilities, the 36-member Council will work to identify ways institutions of higher learning can coordinate efforts to attract federal research funds. Currently, Texas ranks sixth in research funds received from the National Institute of Health and third overall in research expenditures.
State and Local Tech-based ED RoundUp
Lincoln, Nebraska Mayor Don Wesely's Technology Council has proposed to end the competition between Lincoln and Omaha for educational and economic resources, favoring a collaboration geared toward economic development, the Associated Press recently reported. The collaboration is expected to create new technology industries and help lessen the struggle for development in territory in and among the cities. Lincoln's strength, the presence of the University of Nebraska-Lincoln, traditionally has been pitted against that of Omaha — venture capital and telecommunication infrastructure. Pontiac, Michigan
Kansas, Virginia Look to Fill Key Positions
Two of SSTI's sponsoring organizations, the Kansas Technology Enterprise Corp (KTEC) and Virginia's Center for Innovative Technology, are looking for strong candidates to fill two critical positions. A brief description of each opportunity is provided below. More detailed information is available on SSTI's website at: http://www.ssti.org/posting.htm
MEP to be Eliminated in President's FY 2003 Budget?
Yesterday's edition of USA Today reported "the Commerce Department's Manufacturing Extension Program [sic], funded this year at $107 million...would be eliminated [in FY 2003] because the White House says they should be financed by the private sector."
The Manufacturing Extension Partnership (MEP), a nationwide network of not-for-profit centers in over 400 locations nationwide, functions solely to assist small and medium-sized manufacturers. With centers in all 50 states and Puerto Rico, MEP makes it possible for even the smallest firms to tap into the expertise of knowledgeable manufacturing and business specialists across the U.S. Since its founding, the program has worked with more than 107,000 manufacturing firms.