SSTI Digest

Margie Boccieri has announced she is leaving the North Carolina Governor's Office to join Southeast Interactive Technology Funds, a Research Triangle Park venture capital firm, as its Vice President of Business Development and Strategy.

Lee Martin has stepped down as executive director from TennesSeed. Tom Rogers, CEO of Tech 2020, has agreed to serve as interim director of TennesSeed for a six-month period.

SSTI welcomes Alan Aldinger to our staff in the new position of Communications Director. Alan comes to SSTI from the office of public relations for Wittenburg University.

The National Institutes of Health released information on six inventions that are available for license. Descriptions and contact information for each invention/patent are presented on the accompanying SSTI webpage

Does the level of entrepreneurial activity vary between countries, and, if so, by how much? Does the level of entrepreneurial activity affect a country’s economic growth? What makes a country entrepreneurial? These questions are the focus of Global Entrepreneurship Monitor 2000, (GEM 2000), a year-long study involving 43,000 individuals in 21 countries. Researchers also interviewed almost 800 experts and scholars on entrepreneurship across the world in preparation of the report.

The Maine Science & Technology Foundation (MSTF) has issued a request for proposals to conduct an "Initial Evaluation of Maine's Public Investments in Research and Development." The study, to be completed by July 1, 2001, will provide baseline data for the first comprehensive evaluation MSTF is required by law to prepare for the state legislature and Governor by July, 2006. Subsequent comprehensive evaluations are to be completed every five years. The effort will:

Organizations in the San Francisco Bay Area will spend more than $20 million this year to bridge the digital divide, according to Who's Funding the Digital Connect?, a report released this month by the San Francisco Foundation. More than 54 organizations will provide computer access and/or training to more than 75,000 low income and underserved individuals in one of the most technology-savvy regions in the country, according to the study.

Twenty researchers supported by the National Science Foundation (NSF) received the Presidential Early Career Awards for Scientists and Engineers award late last month. The award is the highest honor bestowed by the U.S. government on outstanding scientists and engineers who are in the early stages of building their independent research careers. To receive the award, nominees must be NSF CAREER (Faculty Early Career Development) awards recipients. The CAREER award supports exceptionally promising college and university junior faculty who are committed to the integration of research and education. This year’s 20 recipients bring the total to 120 that have received the honor since it was established in 1996.



The recipients are:

The commercialization of academic research in 1999 resulted in more than $40 billion in economic activity that supported more than 270,000 jobs, according to a survey released Tuesday by the Association of University Technology Managers (AUTM). The 1999 AUTM Licensing Survey reports that business activity associated with sales of products from academic research last year is estimated to have generated $5 billion in tax revenues in the U.S. at the federal, state, and local levels.

Venture-based investments in the third quarter of 2000 reached $17.6 billion, a decrease of 12.5 percent drop from the record $19.8 billion reported in the second quarter of 2000, according to the latest PricewaterhouseCoopers MoneyTreeTM Survey results. Investments, however, are still nearly double the $8.9 billion reported in the third quarter of 1999. The MoneytreeTM figures correspond with declines reported by other quarterly venture capital surveys compiled by the Venture Economics and the National Venture Capital Association.

The SSTI Weekly Digest has a new sponsor, making the publication free to any and all parties interested in tech-based economic development. The Economic Development Administration, U.S. Department of Commerce, selected SSTI as one of three awardees in a competitive solicitation for national information dissemination projects. SSTI proposed dramatically expanding the content and distribution of the Digest and establishing a web-based resource center.

Downtown office vacancy rates are at all-time lows, leasing rates are rising, and your city is increasingly a hub for business activity. Even the old, historic structures have been rehabbed and are at capacity. Sounds like dreams for most urban economic developers, right? For a growing number of communities, however, meeting these goals is leading to “New Economy ghost towns” devoid of the foot traffic, night life, and other human activity necessary for a thriving community. Retail, service and even private parking garages are complaining that the New Economy is killing their businesses.