SSTI Digest

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.

AUTM's ninth licensing survey on technology transfer activities among academic institutions in the U.S. and Canada found:

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.

The new cooperative agreement, potentially renewable for two more years, permits SSTI to do several things to enhance the value of the Digest for tech-based economic development professionals, particularly those working at local, regional, and state levels. Beginning with this week's "telco hotels" story, look for expanded coverage of local and regional issues in science, technology, and R&D. Occasional special Digest issues will focus on specific themes and elements of tech-based economic development.

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.

During the past two years, buildings dedicated almost entirely to housing the telecommunications infrastructure critical for the New Economy have appeared everywhere. Commonly called “telco hotels,” these facilities serve as shared warehouses of fiber-optic cable and telephone wiring for co-locating telecommunications, data firms, Internet service providers, Internet incubators, and other dot coms.

The recipients of the 2000 National Medal of Science and National Medal of Technology, the nation's highest science and technology honors, were announced this week. The National Medal of Science, established by Congress in 1959 and administered by the National Science Foundation, honors individuals for contributions to the present state of knowledge across a variety of science frontiers. Ten of the twelve researchers received NSF support for portions of their academic careers or research and two of the medalists are Nobel Prize winners. The recipients of the 2000 National Medal of Science are:

During the past few weeks, the Department of the Navy, National Institutes of Health, and the Department of Commerce have announced the availability of 22 inventions for license. Descriptions and contact information for each invention/patent are presented on the accompanying SSTI webpage

While the Presidential election remains up in the air, the eleven state gubernatorial and 5,918 state legislative races produced more definitive results. Here is a brief summary.



Governors

Overall, Democratic candidates won eight governorships, a net gain of one. Republicans took three. Incumbents held their positions in Indiana (Frank O’Bannon - D), New Hampshire (Jeanne Shaheen - D), Utah (Michael Leavitt -R), Vermont (Howard Dean - D), and Washington (Gary Locke - D).

New Democratic governors include Ruth Ann Minner in Delaware, Bob Holden in Missouri, Mike Easley in North Carolina, and Bob Wise, who upset Governor Cecil Underwood in West Virginia. The two new Republican governors are Judy Martz in Montana and John Hoeven in North Dakota.

Several ballot initiatives that affect technology-based economic development were approved by voters around the country on Tuesday, including:

The National Science Foundation has released the final version of State Science and Engineering Profiles and R&D Patterns: 1997-98 (Early Release Tables were made available in May). The special report includes several statistical tables of value to states developing Innovation Indices, S&T Report Cards, or other comparative studies.

The report provides easy 30 statistics for each state as well as the distribution of federal R&D obligations by department and performer in each state. Of special note in the 30 page overview is Table 4 which presents the state distribution of R&D expenditures by sector and source of funds for the odd years between 1987-1997. Trends in R&D activity within each state are easily identified. Table 3 presents R&D intensity within each state for 1997. Intensity is measured by R&D as a percentage of Gross State Product (GSP).

The majority of an anonymous gift of $26.5 million to the University of Southern California (USC) will be used to increase the representation of women in the hard sciences and engineering faculty and encourage middle school girls to choose a science pathway in education. Money also will be used to create new faculty positions in the sciences, upgrade laboratories, increase scholarship aid for undergraduates, create new fellowships for graduates and fund child care.

The USC program favors a long-term approach to redressing the gender imbalance in the sciences and engineering faculty. USC will use most of the $20 million of the gift apportioned to the issue as an endowment, applying its investment income toward hiring women faculty and providing enduring support for faculty, postdoctoral fellows and students. A networking group composed of USC’s female scientists has advised the university on the establishment of the program, called WISE, for Women in Science and Engineering.

Dr. Angeline Dvorak has been named as the first full-time president of Mississippi Technology, Inc. She will also serve as chief executive office of the Institute for Technology Development.

The Maine Science & Technology Foundation has appointed Dr. Kerri-Ann Jones as statewide director of the Experimental Program to Stimulate Competitive Research (EPSCoR).

SSTI is sad to report the October death of Gloria Timmer, executive director of the National Association of State Budget Officers (NASBO). Ms. Timmer was very helpful to SSTI on several projects in her capacity at NASBO and previously as the Kansas state budget director.

Dr. Angeline Dvorak has been named as the first full-time president of Mississippi Technology, Inc. She will also serve as chief executive office of the Institute for Technology Development.