SSTI Digest

Three separate public initiatives are underway in Wisconsin which could result in the availability of more than $100 million for new venture capital financing. The efforts are designed to spur venture capital investment in the state (ranked 45th in the 1998 Pricewaterhouse Coopers survey) and to increase entrepreneurial activity in the Wisconsin biotechnology community. The fund closest to implementation, is a $50 million pool offered by the Wisconsin Department of Commerce. Scheduled for opening July 1, the program will provide grants to certified Wisconsin-based insurance companies to invest up to $10 million each. The insurance companies would then receive dollar-for-dollar tax credits for the amount of their investments over a 10-year period. The state will certify which emerging businesses are qualified to receive the venture capital. No technologies or industries are specifically targeted by the pool. Legislation has been introduced to expand the pool of eligible venture capital firms to more than insurance companies, such as banks and utility holding companies. A second $50 million…

Wheeling Jesuit University invites applications for the position of Chair of the Department of Business and Technology. Among the Chair's responsibilities are recruiting and retaining faculty, overseeing curriculum and budget, developing and maintaining strong ties to the business and governmental community of the Wheeling area, and articulating a vision which leads to widespread recognition of the Depart-ment as offering a premier education program. Applications will be accepted until May 10, 1999. The complete job posting is available on the SSTI website at www.ssti.org

The U.S. Department of Commerce's Technology Administration (TA) has announced the availability of approximately $2 million in funding for the Experimental Program to Stimulate Competitive Technology (EPSCoT). The program will provide 6-8 matching grants to support technology development, deployment, and diffusion through public-private partnerships in states which traditionally do not receive significant federal R&D funding. While EPSCoT is conceptually modeled to parallel the multi-agency EPSCoR, the Experimental Program to Stimulate Competitive Research, EPSCoT has expanded its eligibility this year to include nine non-EPSCoR states. Alabama, an EPSCoR state and a $300,000 award recipient in the first round of EPSCoT, is not included in the current list of EPSCoT-eligible states. Applications for FY 1999 EPSCoT awards will be accepted for projects from companies, government agencies, academic institutions or organizations headquartered in one of the following 27 states: Alaska, Arkansas, Delaware, Hawaii, Idaho, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Mississippi, Montana, Nebraska…

In his first budget address, Illinois Governor George Ryan outlined a series of initiatives which would catapult Illinois into the top tier of states for technology-based economic development spending. Coupled with the $3-million-plus technology initiative announced earlier this year by Chicago Mayor Richard Daley, Illinois S&T investments could grow to $20 million annually, a threshold only six other states have crossed and maintained: Georgia, New York, North Carolina, Ohio, Pennsylvania, and Texas. Citing Pennsylvania's "Tech 21 Initiative" as the model, Governor Ryan outlined $100 million in technology investments, the vast majority to support information technology acquisition for educational institutions. The Governor's S&T proposals include: $10 million for the Technology Development Bridge Program, which provides seed stage equity financing to small technology companies. The program, developed by the Illinois Coalition, is administered by the Illinois Development Finance Authority. Currently the program invests approximately $2 million annually. $5…

Two new, free resources are available that provide access to statistical data that can be used for a wide variety of analytic processes, including impact assessment, regional measurement, strategic planning and program design. Socioeconomic Data for Understanding Your Regional Economy: A User's Guide, provides an overview of various sources of data valuable in regional economic analysis. The document was designed for people who want to use readily available socioeconomic data to characterize activities and trends, especially at the state, regional or local level. The User's Guide: reviews the offerings of federal statistical agencies, describes and compares sources of data by topic (e.g., population, employment, income, cost of living), identifies data intermediaries who can help uses get needed data, discusses approaches to using data, points out some common hazards in the process of data analysis, and offers suggestions on how to improve the impact of this type of analysis. The second resource is EconData.Net, a Web site with links to over  125 public, university,…

Last week's issue of the SSTI Weekly Digest was our 150th since beginning the publication on March 1, 1996. Since that time, the Digest has grown more sophisticated in its news coverage and value largely due to the input we receive from our readers. Accompanying this week's issue of the Digest in a separate e-mail is a short survey that we hope you will complete and send back to us. [NOTE: survey is not included with the arcvhive version of the Digest.] Your comments and suggestions are critical tools for making the publication as valuable as possible for your organization. Please fax the survey back to us at 614/ 901-1696.

The Small Business Administration (SBA) has announced plans to accept applications for funding to support selected local Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) assistance efforts. The program announcement will be available by mail beginning Monday March 22, according to Maurice Swinton, SBA point of contact.   SBA has $1 million available for the awards; the maximum size of any award will be $100,000. Each applicant must provide match of 50 cents for each federal dollar requested under the solicitation. Awards will be in the form of cooperative agreements. Only applicants for those 23 states and 2 territories which received less than $5 million in awards to resident companies through the SBIR and STTR in FY1995 are eligible to compete for the matching funds. Eligible states and territories include: Alaska, Arkansas, Delaware, District of Columbia, Hawaii, Idaho, Indiana, Iowa, Kentucky, Louisiana, Maine, Mississippi, Missouri, Montana, Nebraska, Nevada, North Dakota, Oklahoma, Puerto Rico, Rhode Island, South Dakota, Vermont, West Virginia, and Wyoming. The CBDNet announcement on March 5, says not…

The U.S. Department of Energy has announced the award of more than $2.1 million in grants to six U.S. manufacturers to help demonstrate and commercialize energy-efficient and environmentally friendly industrial technologies. The grants support technologies being developed for use in the chemicals, metalcasting, aluminum, forest products, and steel industries. The awards are part of the National Industrial Competitiveness through Energy, Environment, and Economics (NICE3) program, a strategic partnership between state energy, economic development and environmental departments, industry and the U.S. Department of Energy. Since 1991, the department has funded 91 projects, including this year's recipients. The program includes more than 200 partners in 32 states and territories. NICE3 has leveraged $81.8 million in state and industry funds with $26.3 million in federal funds. According to DOE, more than half of the recipients have been small businesses. Companies and their state partners for 1999 are: MBA Polymers Inc., Richmond, Calif., with the California Energy Commission…

Michigan Governor John Engler has signed an Executive Order reorganizing the state's economic development and workforce development functions. The reorganization, which was unveiled by the Governor in his State of the State address, permits the formation of a new Michigan Economic Development Corporation (MEDC) in partnership with local governments. A 17-member Board will oversee the corporation, which is expected to be formed through an interlocal agreement between the state and one or more local economic development groups. The corporation will assume the economic development function from the Michigan Jobs Commission, which will cease to exist. The new corporation will allow one organization to make economic development decisions, pending a merger with two existing organizations: the Michigan Manufacturing Technology Center and Michigan Technologies, Inc. Michigan Manufacturing Technology Center works with small and mid-sized companies to provide consulting services on the latest manufacturing processes. Michigan Technologies, Inc. was created last year to promote the growth and…

The American Society of Mechanical Engineers (ASME) is seeking candidates for the White House Executive Office Fellowship and for the Congressional Fellowship. The White House Fellow will serve a one-year appointment in the White House Office of Science and Technology Policy to support the U.S. Innovation Partnership's state-federal technology partnership activities aimed at enhancing state-federal cooperation and technology-based economic growth. The Congressional Fellow will participate directly in the lawmaking process. The Fellows typically choose placement with congressional committees with authority over science and technology programs. Among the qualifications necessary for becoming a White House Fellow are: an advanced degree or equivalent work experience; clear understanding of the roles of federal R&D programs and state S&T programs; leadership and organizational skills necessary to direct, manage and coordinate administrative and programmatic activities; and, the ability to discern opportunities for state-federal technology programs and to present such…

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 Prepared by the Committee on Science, Engineering, and Public Policy (COSEPUP), this report examines the issue of measuring and evaluating research. COSEPUP argues that while useful outcomes of basic research cannot be measured directly on an annual basis that does not mean that there are no meaningful measures of…

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. During the fourth quarter, 713 companies received a total of $3.67 billion, 11 percent higher than the same period in 1997. The following table shows the 1998 fourth quarter survey results by state and the state’s share of the total for the quarter. There were no venture capital investments reported for those states not included in the table. More information about activity for the past four…