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Investments in University R&D Top Virginia Gov's Budget Proposal

Monday, December 19, 2005

To develop and promote higher education research facilities and faculty in Virginia, Gov. Mark Warner proposed $218.8 million in his fiscal year 2006-08 biennial budget proposal for investment in university R&D. In response, state institutions of higher education have pledged to match the governor's proposal with a $299 million commitment.

  • Read more about Investments in University R&D Top Virginia Gov's Budget Proposal

New Mexico Gov. Wants $100M for Private Spaceport

Monday, December 19, 2005

Nearly 40,000 people in 120 countries have placed deposits with the British commercial space company for the opportunity to become tourists in space, according to Virgin Galactic. Last Tuesday, New Mexico's governor said he wants the state to spend $100 million over the next three years to help get them there.

  • Read more about New Mexico Gov. Wants $100M for Private Spaceport

Michigan Update Legislature Approves $600M Tax Relief Package

Monday, December 19, 2005

Following months of debate that ended in a veto last month by Gov. Jennifer Granholm, an agreement was made last week on a $600 million tax relief package for businesses, which now awaits the governor's anticipated signature. Gov.

  • Read more about Michigan Update Legislature Approves $600M Tax Relief Package

What Should NSF Look Like in 2011?

Monday, December 19, 2005

One of the most critical federal partners involved either directly or indirectly in determining the success of most state tech-based economic development strategies seeks input from the science and engineering (S&E) community in the development of its next five-year plan.

  • Read more about What Should NSF Look Like in 2011?

Workforce Readiness Issues to be Tackled in Texas, Los Angeles

Monday, December 19, 2005

On paper, the Jan. 4 FedEx Rose Bowl, which pits the Universities of Texas and Southern California against each other, will decide college football's national champion.

  • Read more about Workforce Readiness Issues to be Tackled in Texas, Los Angeles

Useful Stats: Count VC Deals, Not Just Dollars

Monday, December 19, 2005

Most of the media coverage for the MoneyTree™ Survey of venture capital investments, prepared quarterly through collaboration of PricewaterhouseCoopers, Thomson Venture Economics and the National Venture Capital Association, focuses on the amount of money invested in a particular state or region during the given period and its change relative to another given time period.

  • Read more about Useful Stats: Count VC Deals, Not Just Dollars

Digest, Funding Supplement Publication Schedule

Monday, December 19, 2005

With the upcoming two Monday holidays for Christmas and New Year's Day, the next issue of the SSTI Weekly Digest will be published on Jan. 9, 2006. The Funding Supplement will reconvene publication the week of Jan. 9 as well.

  • Read more about Digest, Funding Supplement Publication Schedule

Ohio Invests Nearly $74 Million in Wright Centers of Innovation, Biotech

Friday, June 20, 2003

With the state's current fiscal year winding down and a $1 billion deficit looming for the next one, Ohio has re-emphasized its commitment to building a stronger economic future through research and technology with a series of multi-million grant announcement over the past three weeks.

  • Read more about Ohio Invests Nearly $74 Million in Wright Centers of Innovation, Biotech

Washington Technology Center Addresses Lack of Seed Capital

Friday, June 20, 2003

The Washington Technology Center (WTC) has created a new program that will make obtaining access to early-stage seed capital easier for companies outside the Puget Sound. WTC is Washington's statewide science and technology organization.

  • Read more about Washington Technology Center Addresses Lack of Seed Capital

Texas Abolishes TDED, Governor's Office Takes Over

Friday, June 20, 2003

For Texas, the appropriate role for the state to serve in fostering economic development continues to evolve. With the passage of Senate Bill 275 earlier this month, the third organization in seven years will take the lead to encourage economic growth — this time with a strong focus on clusters and technology-based economic development.

  • Read more about Texas Abolishes TDED, Governor's Office Takes Over

Commerce Report Benchmarks Technology Incubator Performance, Practices

Friday, June 20, 2003

Citing inadequate information available to those who oversee technology incubators, yet emphasizing the incubators' significant and measurable impact on communities, the U.S. Department of Commerce's Technology Administration has released a study that highlights 17 of the nation's top incubators. A National Benchmarking Analysis of Technology Business Incubator Performance and Practices details the role business incubators have in technology development strategies.

  • Read more about Commerce Report Benchmarks Technology Incubator Performance, Practices

Fed Gov't Must Lead S&E Workforce Development, Says NSB

Friday, June 20, 2003

"The Federal Government has primary responsibility to lead the Nation in developing and implementing a coordinated, effective response to our long-term needs for science and engineering skills in the U.S. workforce in ways unlikely to be addressed by market mechanisms or interventions at the state and local levels," concludes the National Science Board (NSB) in the draft final report of its Task Force on National Workforce Policies for Science and Engineering.

  • Read more about Fed Gov't Must Lead S&E Workforce Development, Says NSB

Useful Stats 2001: S&E Graduate Students by State

Friday, June 20, 2003

The National Science Foundation has released Graduate Students and Postdoctorates in Science and Engineering: Fall 2001, a collection of 54 statistical tables present the distribution of graduate students in science and engineering (S&E) across population segments, fields of science or engineering and by college and state. Overall long-term trends for S&E graduate students from 1975 to 2001 and short-term trends from 1994 to 2001 by detailed fields are presented.

  • Read more about Useful Stats 2001: S&E Graduate Students by State

Fireworks on the Fourth for NJCS&T?

Friday, June 20, 2003

The Fourth of July might just be a paid holiday for New Jersey's tech-based economic development agency after all. Since Governor James McGreevey released his FY 2004 budget request six months ago, the New Jersey Commission on Science and Technology has been living under a June 30 death sentence. Facing a deficit forecast in excess of $4 billion, the governor had called for the elimination of the $15 million program.

  • Read more about Fireworks on the Fourth for NJCS&T?

University Tech Transfer: Do the Good Die Young?

Friday, June 20, 2003

One of the greatest challenges for university technology transfer offices (TTOs) trying to maximize commercialization of university technologies is convincing faculty researchers to disclose their inventions, according to a new working paper from the National Bureau of Economic Research.

  • Read more about University Tech Transfer: Do the Good Die Young?

People & Organizations

Friday, June 20, 2003

Kenneth Alfred will become the first executive director for the new Ohio Fuel Cell Coalition.

Diane Duff is the new director for the National Governors' Association economic development and commerce committee. Duff formerly was executive director of the Alliance for Rail Competition.

  • Read more about People & Organizations

People & Organizations

Friday, June 20, 2003

Kenneth Alfred will become the first executive director for the new Ohio Fuel Cell Coalition.

  • Read more about People & Organizations

People & Organizations

Friday, June 20, 2003

Diane Duff is the new director for the National Governors' Association economic development and commerce committee. Duff formerly was executive director of the Alliance for Rail Competition.

  • Read more about People & Organizations

People & Organizations

Friday, June 20, 2003

Robin Schabes, Chicago Mayor Richard Daley's special assistant for technology, has announced her resignation. Schabes staffed the Mayor's Council on Technology Advisors.

  • Read more about People & Organizations

People & Organizations

Friday, June 20, 2003

Mass Ecomm has changed its name to the New England Business & Technology Association to better reflect its regional nature and broader mission.

  • Read more about People & Organizations

Utah Governor Outlines Funding for TBED in FY07 Budget Request

Monday, December 12, 2005

Gov. Jon Huntsman Jr. released last week his fiscal year 2007 budget request, providing a substantial boost in funding for the Utah Science, Technology and Research (USTAR) Initiative. In FY 2005, the legislature appropriated $4 million to fund the initial phase of the initiative. This year, the governor is recommending $62 million for infrastructure and programs.

  • Read more about Utah Governor Outlines Funding for TBED in FY07 Budget Request

Higher Ed as the Basis for Economic Growth: The Georgia Story

Monday, December 12, 2005

Over the last 15 years, few states have been as focused on investing in higher education to encourage sustainable economic prosperity as Georgia. At SSTI's 9th Annual Conference on Oct. 19-21, 2005, presenters made the case that the southern state is a national leader in American higher education.

  • Read more about Higher Ed as the Basis for Economic Growth: The Georgia Story

Understanding Renewable Energy's Role in Rural ED

Monday, December 12, 2005

An increasing number of states are realizing the potential role renewable energy can play in their tech-based economic development strategies (TBED) and future growth.

  • Read more about Understanding Renewable Energy's Role in Rural ED

Britain to Double Support for Stem Cell Research

Monday, December 12, 2005

Britain’s Pre Budget Report 2005, released Dec. 5, calls for the United Kingdom to double spending for stem cell research to £100M within the next two years and launch a number of new initiatives to sustain innovation and science.

  • Read more about Britain to Double Support for Stem Cell Research

China Makes 15-year, $180B Commitment toward Renewable Energy

Monday, December 12, 2005

In China, leaders of the rapidly growing nation dogged by soaring energy needs and unrelenting pollution problems made a commitment to double the nation’s use of renewable energy resources within the next 15 years.

  • Read more about China Makes 15-year, $180B Commitment toward Renewable Energy

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Recent news from the SSTI Digest

Differences in industry concentrations of VDO and VC investments

Wednesday, August 26, 2026
Data reveal that policymakers should not equate strong Venture Development Organizations (VDOs) with private venture capital companies; the purpose of creating public policy to increase the availability of innovation-centered risk capital can be lost if one presumes VCs and VDOs are the same. While there are many similarities between individual VDOs and VC funds, important differences in industry concentration emerge when the two groups are compared in aggregate, which may result in different long-term economic impacts.  Effective VDOs are important drivers of regional innovation and of pushing emerging tech businesses forward. VC, on the other hand, can play an extractive role, particularly in markets with scarce equity finance options.
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What could a “new golden age” of science mean for research and commercialization?

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SSTI’s recent TBED Community of Practice webinar took up a practical question raised by the White House Office of Science and Technology Policy report, Science: A New Golden Age: if federal science policy shifts, what changes will universities, commercialization, and regional innovation organizations need to make? The presentation outlined a research system that could look considerably different from the one that has developed since Vannevar Bush’s Science, the Endless Frontier.
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New federal rules, both proposed and finalized, will impact small businesses

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