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SSTI Digest
Publications of Note
Two publications that will be useful to those interested in technology-based economic develop-ment have been released recently. They are:
Science and Engineering State Profiles: 1998 Data Update
This report prepared by the National Science Foundation's Division of Science Resources Studies offers key statistical information for each state. Data in the profiles, includes: number of doctoral scientists and engineers, federal spending; federal obligations for R&D by agency and performer; academic R&D spending; number of SBIR awards; and, gross state product.
The report is available only on-line and can be found at http://www.nsf.gov/sbe/srs/nsf99311/pdfstart.htm
Evaluating Federal Research Programs: Research and the Government Performance and Results Act
Venture Capital Investments Up 24% In 1998
U.S. venture capital investments for 1998 were 24 percent higher than record levels set in 1997, according to the latest Pricewaterhouse-Coopers Money Tree Survey. Results from the survey of deals made during the fourth quarter of 1998 revealed venture capital investment for 1998 totaled $14.27 billion — $2.78 billion higher than the total posted in 1997, and 78 percent higher than 1996 totals.
A sharp increase in technology sector investments is credited with much of the growth. Technology-based projects accounted for 76 percent of the deals made in 1998, nearly double what they were two years ago. With more than $3.5 billion posted, 1998 Internet-related deals rose 66 percent over 1997.
MEP, SBA, Others Offer Y2K Action Week, Help
The Small Business Administration (SBA), the U.S. Department of Agriculture (USDA), the Manufacturing Extension Partnership Program (MEP) of the National Institute of Standards and Technology (NIST), and several other federal agencies have declared March 29 through April 2, 1999 as "Y2K Action Week." Several educational events and technical assistance opportunities are planned around the country, including a 2-hour satellite broadcast by the Department of Housing and Urban Development that will be hosted by Housing Authorities across America.
During the period, several Small Business Development Centers, MEP affiliates and SBA offices throughout the country will hold educational seminars, workshops and presentations on the Year 2000 computer problem and protective measures one can take. A complete state-by-state list of Y2K Action Week activities can be viewed on the SBA Y2K website: http://www.sbaonline.sba.gov/y2k/
Maine Issues S&T Report Card
The Maine Science & Technology Foundation (MSTF) has released the 1998 Maine Science and Technology Report Card, a first look at the state’s performance across twenty science and technology related indicators. MSTF will use the report’s findings to develop benchmarks for the next revision of the state’s biennial strategic science and technology plan, due out this fall.
The 20 indicators used in the Report Card are divided among four categories characterizing the state: financial capacity, human capacity, infra-structure capacity, and innovation.
Two indicators of economic growth measuring change in employment and in workers’ wages are used to reflect the effectiveness or outcomes of the four capacity categories.
Major findings include:
ASME Releases Position Paper on Kyoto Protocol
The American Society of Mechanical Engineers (ASME) has released a new paper that argues that even with maximum utilization of currently available technologies, the U.S. could not meet its carbon emission reduction obligations under the Kyoto Climate Change Protocol by 2008-2012.
The Kyoto Protocol calls for the U.S. to reduce its emissions of greenhouse gases to a level seven percent below 1990 levels.
ASME contends that in order to make significant progress toward meeting the goals, the U.S. would have to phase out the use of coal and maximize the use of natural gas as the primary fuel for electric power generation.
Copies of the paper can be found on the web at www.asme.org/gric or by calling ASME at 202/785-3756.
DEFENSE PICKS 363 MORE SBIR PHASE I AWARDS
The Department of Defense has released statistics for the 98.2 Phase I solicitation of the Small Business Innovation Research Program. The agency announced selection of 363 Phase I awards in 36 states. DOD funded 10.9 percent of the 3,339 Phase I proposals received. An accompanying table on the SSTI web site http://ssti.org/Digest/Tables/DODPhase1.htm provides the distribution of awards and proposal-to-award conversion ratios by state. Abstracts for the selections may be found on the DOD SBIR website at: http://www.acq.osd.mil/sadbu/sbir/
PENNSYLVANIA GOVERNOR PUSHES TECHNOLOGY INITIATIVES, TAX CUTS
In the state that created the Ben Franklin Centers in the early 1980s - models for several states’ first forays into S&T - Governor Tom Ridge has proposed a wide range of new initiatives to promote R&D investment, technology development, and commercialization within Pennsylvania.
Governor Ridge’s budget request for 1999-2000 identifies $35.5 million for tax cuts expected to benefit start-up technology firms, a new $18.2 million program for high-tech investments, $6.7 million of state funding to leverage private venture capital investments, a SciTech Scholars Program, and $37 million for the state’s "traditional" technology and manufacturing programs: the Ben Franklin Partnership, Industrial Resource Centers, PENNTAP, and incubators.
FEDERAL LABS SUPPORT AUTO INITIATIVE
Seven federal labs from the Federal Laboratory Consortium’s Midwest Region - representing the Air Force, Army, Navy, Department of Energy, NASA, Department of Agriculture, and the Environmental Protection Agency (EPA) - are cooperating in an initiative to help automotive manufacturers and suppliers access the resources of the federal laboratory system.
These labs have provided technologies that were presented and discussed at an interagency meeting held February 9-10 at the National Automotive Center (NAC) in Warren, MI. NAC is part of the Army's Tank-Automotive Research, Development, and Engineering Center (TARDEC). At the interagency meeting, lab representatives and a group of industry advisers formed several technology teams whose respective organizations are looking at similar problems from different perspectives. The technology teams are: Safety, Environment, Vehicle Systems, Electrical/ Electronics, Materials, and Powertrain.
NOMINEES SOUGHT FOR NATIONAL MEDAL OF SCIENCE
The President’s Committee on the National Medal of Science is currently accepting nominations for the year 2000 award. Nominations and supporting information must be postmarked by May 31. The National Medal of Science recognizes individuals who have made outstanding contributions to knowledge in the fields of physical, behavioral, biological, social, mathematical, or engineering sciences. Since the Medal’s establishment in 1959, 362 scientists and engineers have been honored.
Nomination procedures and guidelines are available from the Committee’s Program Manager, Susan Fannoney, by calling the National Science Foundation at 703/306-1096 or by e-mail at nms@nsf.gov.
NASA CENTER RENAMED
NASA Lewis Research Center, located in Ohio, has been renamed the "John H. Glenn Research Center at Lewis Field" to honor the contributions John Glenn has made in American space history.
PRESIDENT’S BUDGET DRAWS MIXED REVIEWS FROM CONGRESS
Senators Bill Frist (R-TN) and Joe Lieberman (D-CT), Co-chairs of the Science & Technology Caucus, issued a joint statement reacting to the Clinton Administration’s FY 2000 budget request for R&D. Calling the President’s request a "mixed blessing," the senators praised the commitment to civilian R&D, while disagreeing with proposed cuts for defense research of nearly six percent.
The senators also raised concern that in future years, according to the President’s projections and citing spending caps, appropriations for much of the civilian R&D program would see only modest increases, remain static or even face reductions. Earlier this month, Senator Frist introduced S 726, legislation calling for doubling federal civilian R&D spending over the next twelve years; Senator Lieberman was a co-sponsor of the bill (see related article).
MISSOURI ONE STEP CLOSER TO $40 MILLION SEED FUND
Investment capital to develop and commercialize new technologies may soon be easier to find in Missouri. The Commerce Committee of the Missouri House of Representatives last week endorsed House Bill 753, a proposal to create a $40 million seed capital fund supported by Governor Mel Carnahan. The fund would be capitalized at $10 million each year for four years. Additionally, private investors would get a 100-percent tax credit for all money they contributed to the new seed capital fund. Investments would be limited to Missouri businesses.
To find money for the new seed capital fund, the bill calls for implementing a temporary suspension of the state’s corporate research and development tax credit, which is capped at $10 million a year. For four years, no new credits would be granted under the R&D tax credit.