Search

By nature, angel investing is a risky endeavor. Angels are often involved with unproven seed- and early-stage companies and are frequently the first outside investors to become involved in a new venture. Despite these risks, a report released by the Ewing Marion Kauffman Foundation and the Angel Capital Education Foundation argues that angel investors working through investor groups often achieve attractive returns.

The University of Michigan announced last month that it will spend $30 million in the next five years to hire an additional 100 junior tenure-track faculty members to build multidisciplinary research and degree programs.

Federal budget uncertainties, higher health care and retirement benefit costs, a reduced retirement rate and added costs from a structural change from nonprofit lab management have all been mentioned as reasons for the enactment of a workforce reduction plan at Los Alamos National Laboratory. The goal is to decrease the number of lab employees by 500 to 700 workers, and the National Nuclear Security Administration has formally approved the plan, as outlined by Los Alamos’ Director Michael Anastasio.

Federal funding for R&D in academic science and engineering fields totaled more than $30 billion in fiscal year 2006, yet it was not enough to outpace inflation, according to data collected by the National Science Foundation (NSF). After adjusting for inflation, the 2.9 percent increase in federally funded academic R&D expenditures in FY 2006 from FY 2005 was actually a 0.1 percent decline.

So far this year, SSTI's Funding Supplement has made its subscribers aware of more than 1,400 different opportunities to secure funding. If you aren't a subscriber, your client companies, academic researchers, and state and local TBED efforts are at a significant disadvantage!

For the better part of the year, lawmakers in Michigan have faced the daunting task of balancing both a budget shortfall for fiscal year 2007 and a nearly $1.6 billion deficit for FY 2008. An agreement between Gov. Jennifer Granholm and lawmakers was reached in the early morning hours of Oct. 31, following a one-month extension of the deadline and a brief government shutdown.

Listen or read the business news media and the dreaded “R” word, recession, is back in common parlance. State revenue cycles seem to feel it first. Already, with more than a dozen states projecting budget deficits for both current and coming fiscal years, it seems certain: Spending cuts in programs and services and/or tax increases are imminent. The nationwide housing market slump, the rising cost of energy and health care, and increased state spending are cited as a just a few of the reasons for shortfalls in state budgets.

Although Missouri frequently ranks in the top 20 states for federal research grants and academic R&D, the state consistently ranks much lower in the creation of new high-tech companies. A recent report by Dr. Mark Parry of the University of Missouri-Kansas City Bloch School of Business suggests that early-stage high-tech entrepreneurs and companies have been unable to secure sufficient capital to launch successful ventures.

Three major announcements were made in Singapore last month focusing on R&D of new technologies and educating the workforce to produce specialized graduates in upcoming fields.

 

One continuing challenge states and regions are attempting to overcome is adjusting their workforces in a rapidly changing, innovation-driven, global economy. The growing consensus emerging from many people examining science and technology competitiveness is that U.S. students need to be academically stronger in the science, technology, engineering and mathematics (STEM) fields than they are today and that the supply of graduates with a science background needs to increase.

Nearly 700 new products resulting from university research handled by technology transfer offices reached the marketplace in FY 2006, according to the latest Association of University Technology Managers (AUTM) Survey of U.S. Licensing Activity released this week.

 

The 189 research performing institutions that participated in the survey also reported the creation of 553 start-ups during the year and almost 5,000 new licensing relationships with companies.

 

During the past year, the Small Business Innovation Research (SBIR) program has garnered a great deal of attention, setting the stage for a national debate over potential changes to the well known federal program – namely the issue of participation from companies with venture-capital backing. With congressional reauthorization on the horizon for next year, SSTI examined the SBIR program in-depth during a breakout session at the annual conference in October, looking at both current status and future developments.

Colorado The Rocky Mountain Technology Alliance (RMTA) is a recently formed regional development organization for applied research and technology development whose membership includes universities, government organizations and private businesses.

Edison had Menlo Park. Monet had the gardens at Giverny. Ubiquitous computing had PARC. To what extent were the great things that happened at each of these localities influenced by the places themselves? 

 

Reducing that question to economic development policy terms: Can the places of great creations be created by design?

 

Building structures that contain laboratory space are becoming an important component of many entities pursuing TBED strategies. Research spaces such as cleanrooms and wetlabs pop up throughout universities, but they also are being constructed within research parks and business incubators.

 

The theory of spatial clustering has been very popular in the TBED field for many years, as researchers attempt to explain the transformation of places like Silicon Valley and the reasons various locales are economically competitive. Practitioners have utilized the theory as a method to describe their own state and regional economies and to support the development of specific industries. As an industry cluster grows, additional benefits of agglomeration are realized.

 

The physical layouts of many colleges and universities across North America are undergoing dramatic changes as more and more relationships develop outside of the traditional boundaries of institutions of higher learning. As public-private partnerships are established, additional research parks are being built on or adjacent to campus, and in some cases, empty space is designed into new academic and research buildings to accommodate future spin-off companies and incubating firms.

 

The establishment and maintenance of research parks has been a strategy for many organizations to strengthen TBED within their regions. This strategy continues to grow, as announcements for new research parks and the expansion of established ones take place all over the U.S. and Canada. But looking at these research parks in aggregate, what can we learn about them? And what can current developments tell us about the design of research parks in the future?