To fulfill a goal within the state's 2010 Initiative of becoming a recognized leader in research and technology development, the South Dakota Department of Tourism and State Development will operate an Office of Commercialization under the direction of Mel Ustad, current Interim Vice President for Research at the University of South Dakota.
Anyone working with an entrepreneur knows they like to write their own rules. The latest survey characterizing the world's pool of entrepreneurial talent finds a large majority of them also write their own checks to finance their businesses. It's easier to write - and change - the rules when you also control the purse strings.
Large industrial or technology firms are often sought by economic development recruiters to serve as anchors for cluster development. Once an anchor is attracted, policymakers often nurture local industrial districts as ways to promote transmission of technical know-how and deepen industrial relationships. Does the strategy work?
Many regions support local knowledge clusters in the hopes that geographic proximity will promote technology diffusion and enhance industrial competitiveness. A working paper from Italy suggests the effectiveness of such clusters or science parks depends upon the nature of the firms and institutions involved.
A recent collection of weekly headlines gathered by the Montana Associated Technology Roundtables brought to our attention the annual world academic rankings compiled by the Institute of Higher Education at Shanghai Jiao Tong University.
For the past two years, the school has identified the world's top 500 academic institutions based on a weighted scale of six indicators:
Areas working to encourage the growth of technology companies and build tech-based economies have a new resource to aid their cause. A new website, the Tech-based Economic Development (TBED) Resource Center (http://www.tbedresourcecenter.org), offers users the chance to learn from others’ experiences and benefit from the latest research on building a tech-based economy.
Arkansas Gov. Mike Huckabee, State of the State Address, Jan. 10, 2005
Most of the nation's governors use the winter months to publicly lay out their agendas, visions and budget requests for the coming year. The text of State of the State Addresses, Budget Messages and, to a lesser extent, Inaugural Addresses, often reveals each governor's legislative priorities and new initiatives to be pursued over the coming months.
Hoping to combat and reverse job losses in the manufacturing sector, Pennsylvania Gov. Edward Rendell outlined his blueprint for recovery last month, entitled "Manufacturing Innovation."
Ah, the difference positive revenue figures make for some states' tech-based economic development (TBED) portfolios! In mid-December, Virginia Gov. Mark Warner introduced an amended 2004-2006 biennial budget that is the most favorable yet during the Warner term for programs to promote economic growth through strategic investments in science and technology.
A December gathering of leaders from many of the nation's largest companies raised what could be considered a battle cry for the U.S. to take more seriously the implications of globalization.
The National Science Foundation (NSF) has issued the detailed statistical tables for Science & Engineering Doctorate awards for 2003. As was done for 2002, 2001 and 2000, SSTI has compiled a 50-state table presenting the number of degrees and rank for each major field of science & engineering. In addition, SSTI has used population in the form of "S&E doctorates awarded per 100,000 residents" to standardize the data to facilitate comparisons across states.
That is the question facing researchers who have innovative ideas that become marketable products. Researchers who file patents to protect intellectual property rights may diminish the value of the research to potential developers due to "knowledge leakage" to competing developers. Instead, a researcher might approach a developer directly to negotiate an exclusive contract in which a researcher receives some immediate compensation and a stake in the licensed, developed product.
Just what makes firms productive? Economists continue to refine their thinking on the interactions that enhance productivity. Knowledge capital and knowledge relatedness play an active role in increasing firm competitiveness, especially in large, high-tech manufacturing sectors, according to a study presented at a recent conference of the Groupe de Recherche en Economie.
Gov. Rick Perry is asking the Texas Legislature to appropriate $300 million for a new program designed to foster emerging technologies, enhance university-industry collaboration, and promote technology commercialization. If approved, the multi-faceted effort would be the most aggressive tech-based economic development initiative in the state's history.
Money is following the jobs and excitement that represents China's economy these days according to an annual survey of equity investments in China mainland businesses. Compiled by Chinese venture capital (VC) research and consulting firm Zero2IPO, the fourth annual survey found 60 firms made 253 investments totalling $1.269 billion (US) in China mainland or mainland-related enterprises in 2004.
On Tuesday, exactly one year before the U.S. goes to the polls to choose its next president, the Brookings Institution launched a national competitiveness initiative titled Blueprint for American Prosperity: Unleashing the Potential of a Metropolitan Nation. The central premise of the Blueprint is that the “health, vitality, and prosperity” of the major cities and metropolitan areas in the U.S. will be the drivers of the country’s ability to compete globally and meet future economic, social, and environmental challenges.
In an effort to streamline economic development strategies and market the state as a globally competitive place to pursue new business ventures, Arizona Gov. Janet Napolitano recently announced the creation of a new model for economic development last month.
The federal government made obligations of $25 billion in R&D to colleges and universities in fiscal year 2005 - a 4.8 percent increase from the FY 2004 total of $23.8 billion, according to new National Science Foundation (NSF) data. In its report, Federal Science and Engineering Support to Universities, Colleges, and Nonprofit Institutions: Fiscal Year 2005, NSF details all categories of direct federal science and engineering support to institutions of higher education in the U.S.
A handful of competitiveness reports have been released in the past two weeks, each comparing various geographic locations and incorporating a range of innovation metrics. Perhaps the publication garnering the most international press has been The Global Competitiveness Report 2007-2008 by the World Economic Forum.
In support of his New Energy Economy Initiative, Gov. Bill Ritter introduced last week a statewide action plan to expand renewable energy opportunities and reduce the impact of climate change.
Hawaii's research and investment tax credits for high-tech companies have been a issue of debate for nearly a decade. In a survey conducted earlier this year, 45 percent of a sample of high-tech business owners said these credits played a "major influence" in their decision to grow and expand in Hawaii.
Despite pioneering the development of the Internet and the World Wide Web, the U.S. for years has lagged behind other industrialized countries in offering broadband services to its citizens. The U.S. ranks 16th in per capita broadband subscribers, and even when Americans do receive high-speed Internet services, they frequently pay more for lower speeds that their counterparts in Asia and Europe. A new report from the Alliance for Public Technology, the third in a series of reports on U.S.
Over the past several months, universities, city and state governments, and private companies alike have announced the creation of high-tech incubators that will serve as springboards for developing specialized companies to help grow the regional economy. Following is a sampling of recent incubator news from across the nation.
At $453.28, the District of Columbia led the nation in federal R&D obligations per capita to colleges and universities in 2005, according to recent National Science Foundation (NSF) report. For the U.S. as a whole, the per capita amount rose 25.8 percent from 2001 to 2005.