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Over the past 27 years, the Bayh-Dole Act has been frequently cited as critical for university tech transfer in the U.S. The Act allows universities to assume ownership over the intellectual property (IP) produced on campuses, whenever that property derives from research funded in whole or in part by the federal government. The possibility of financial returns from licensing agreements or on the sale of IP gives institutions an important incentive to engage in applied research and move their discoveries to market.

 

Looking for that perfect professional development opportunity for you or your staff. If so, the SSTI Web calendar of events should prove useful in your search.



By visiting www.ssti.org/calendar.htm, you can view more than 170 technology-based economic development events.



Events include:

Earlier this month Pennsylvania Gov. Edward Rendell announced a broad state strategy to improve the state’s energy independence, support alternative energy business, and reduce the state’s environmental impact. The key element of the new state plan is an $850 million Energy Independence Fund, designed to reduce energy costs for consumers and shift the state’s usage toward clean and renewable sources. Gov. Rendell hopes the plan will save Pennsylvania consumers $10 billion over the next 10 years by lowering energy costs and reducing consumption.

 

Energy giant BP has announced that the University of California at Berkeley, in partnership with the University of Illinois Urbana-Champaign (UIUC) and Lawrence Berkeley National Laboratory, will receive a total of $500 million to host a research center dedicated to developing biofuel technologies. The Energy Biosciences Institute (EBI) will conduct both basic and applied biological research relevant to energy. BP and the university plan to launch research programs this summer.

 

A recent study completed for the Small Business Administration (SBA) concludes that small business establishment births are the single-largest determinant of the growth rate of gross state product (GSP), state personal income, and total state employment using data from the years 1988-2002. The authors contend state efforts to promote the creation of small businesses will generate more economic growth then any other policy option included in their models.

Rapid growth in the number of international patents filed by northeast Asian nations during 2006 has resulted in a shift of positions for the top-performing nations, according to the World Intellectual Property Organization (WIPO). With 34.1 percent, the U.S. maintained its global dominance with 49,555 patent filings. The figure represents an increase of 6.1 percent over America’s 2005 total; the U.S. rate of growth is slower than the 6.4 percent growth in total world filings.

 

The John S. and James L. Knight Foundation, in partnership with the Richard Florida Creativity Group (RFCG), recently announced the formation of the Knight Creative Communities Initiative in three metropolitan areas of the country: Charlotte; Duluth, Minn./Superior, Wisc.; and, Tallahassee. The goal of the initiative, utilizing Dr. Florida’s theories on the importance of creativity and innovation for economic growth, is to produce through community dialogue a vision to enhance each region’s environment for ingenuity.

Increasing federal funding for life science research is one of the most significant ingredients for improving a state’s position in building a strong biotech and biomedical sector. As appropriations for the National Institutes of Health (NIH) were increasing annually – as they did in the last half of the 1990s and the first few years of this decade – this was not a zero-sum game. All states could win.

 

Venture capital (VC) investing dipped in the third quarter of 2004, with $4.3 billion going to 601 companies, according to the latest MoneyTree™ Survey by PricewaterhouseCoopers, Thomson Venture Economics and National Venture Capital Association. The Q3 2004 figure was below the prior quarter of $5.9 billion, but equal to the $4.3 billion posted in Q3 2003.

Four Greensboro, N.C., economic development organizations – the Greensboro Chamber of Commerce, the Economic Development Partnership, Action Greensboro and the Development Corp. – have agreed to consolidate into the Greensboro Partnership.

Mark Benedetto, president of the University of Sioux Falls, has been elected chairman of the Sioux Falls Area Chamber of Commerce.

Mark Benedetto, president of the University of Sioux Falls, has been elected chairman of the Sioux Falls Area Chamber of Commerce.

Julie Coons is the new president of the Technology Council of Maryland. Coons most recently served as executive vice president of PCIA -- the Wireless Infrastructure Association.

The Great Lakes Entrepreneur's Quest has hired Arthur DeMonte as its first executive director. DeMonte was global director of the e-Business Technology Center at Dow Chemical.

Norma Grace, vice chancellor for technology and economic development at the University of New Orleans, has been elected as the 2004-05 president of the Association of University Research Parks.

The South Dakota School of Mines and Technology has named Dr. Gautam Pillay to the new position of vice president for research. Pillay was executive director of the Inland Northwest Research Alliance.

Duane Roth is the new executive director of UCSD CONNECT. Roth was CEO of Alliance Pharmaceuticals in San Diego.

Michael Terry, president and CEO of EmergeMemphis, has announced he will resign at the end of the year.

Less than one week before President Bush releases the Administration's budget request for fiscal year 2008, congressional Democratic leadership released its solution to the FY 2007 fiasco. The need to remain within spending caps approved last year and the need to focus on FY08 spending meant the FY07 fix would be simple, but slightly painful for agencies used to above-inflation-rate increases each year. Sixty programs reportedly will see cuts from their FY06 funding levels.

The provincial government of Québec committed to infusing $888 million (Canadian) into its science and technology community over the next three years, as a result of the innovation and research strategy released earlier this month. The new investment is in addition to $278 million committed this year alone for research infrastructure and the Québec Aeronautical Industry Development Strategy.

 

In Iowa

Less than two weeks after his inauguration, Iowa Gov. Chet Culver called for the state legislature to lift the state ban on embryonic stem cell research. The ban was first instituted in 2002.

The question of whether or not there is enough opportunity for economic development through public-private investment in biosciences has been answered with a pretty strong “yes,” based on a report released Jan. 29 by Battelle and BIO.

 

Imagine you're going into business for yourself. You will become an entrepreneur. Do you think you would stop to consider if you should relocate to a state with lower or even higher taxes before embarking on this venture?  Probably not.

 

A new study of the Maine Technology Institute (MTI) reveals MTI's award programs have been effective in contributing to the success of its awardees and in increasing high-tech employment in the state. The MTI evaluation, conducted by the Center for Business and Economic Research (CBER) at the University of Southern Maine, also found that the success rate of MTI's funded projects improved over the five-year history of the organization.

In just under 50 days, more than 4,000 people have gone to SSTI's website to read A Resource Guide for Technology-based Economic Development. The guide provides insights into three of the most important elements of transforming regional economies: