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Academics and policymakers should "be more careful with the assumption that technological knowledge spillovers and networks occur automatically in innovative clusters," according to a recent article on the Cambridge IT cluster. The report, Do Clusters Really Matter for Innovation Practices in Information Technology? Questioning the Significance of Technological Knowledge Spillovers, examines the impact that a cluster has on R&D workers in IT field with an emphasis on territorial learning and knowledge spillovers.

The Internal Revenue Service (IRS) has released the list of projects approved for Qualifying Therapeutic Discover Project grants and credits. Introduced in the Patient Protection and Affordable Care Act passed earlier this year, the program supports projects that show a reasonable potential to create new therapies, lower health care costs or advance the cause of curing cancer within the next 30 years. The credit or grant covers up to 50 percent of the cost of qualifying biomedical research at firms with no more than 250 employees.

The Tennessee Biotechnology Association has changed their name to Life Science Tennessee.

Ann Arbor SPARK recently added Bill Mayer as director of their business accelerator team.

After months of closed-door negotiations, the chairs of National Commission on Fiscal Responsibility and Reform has released a draft list of proposals to reduce the growing federal deficit. The proposals include drastic cuts to the federal government's economic development agencies, including the elimination of the Economic Development Administration (EDA) and the Hollings Manufacturing Extension Program (MEP), as well as the merging of the Department of Commerce and the Small Business Administration (SBA).

Massachusetts remains the state best prepared to navigate the changing economy, according to the Information Technology and Innovation Foundation's (ITIF) 2010 State New Economy Index. ITIF uses 26 indicators in five categories to evaluate the economic structure of states and assess their capacity to drive innovation-based growth. Massachusetts ranked number one in economic preparedness by a wide margin, as it has since the first index was released in 1999.

Facing the largest budget deficit in the European Union, British Prime Minister David Cameron will not to cut spending on S&T. The European Commission predicts the UK will face a 12 percent budget deficit in 2011. To combat this deficit, the Cameron led Tory-Liberal Democrat coalition took drastic measures to reduce the deficit by 2014.

The Department of Defense (DoD) lacks complete data on the number of technologies commercialized and therefore cannot determine the return on its space-related SBIR investment, finds a report by the Government Accountability Office (GAO). To meet space-related technology needs, DoD invested $5 billion, or approximately 11 percent of its total SBIR budget, on space-related Phase I and Phase II contracts over fiscal years 2005-09.

This week, millions of people in more than 100 countries across the globe will participate in activities, forums and competitions geared toward helping young people develop the skills and knowledge needed to grow innovative companies as part of Global Entrepreneurship Week 2010. The third annual celebration co-founded by the Kauffman Foundation and Enterprise UK boasts participation from students, educators, entrepreneurs, business leaders, and government officials. In tandem with the global celebration, President Obama proclaimed Nov.

"Despite the clear limitations of existing federal innovation programs, they remain important to our national economic competitiveness," according to a new report from the Center for American Progress. In Silos of Small Beer, authors Maryann Feldman and Lauren Lanahan examine the efficacy of federal innovation programs on the regional economic development of the eastern Midwest region that includes Pittsburgh in western Pennsylvania; and Cleveland, Akron and Youngstown in northeast Ohio.

Michigan lawmakers last week passed a measure aimed at increasing access to capital for small businesses by allowing taxpayers to collect an income tax credit worth 25 percent of a qualified investment in emerging industries such as advanced manufacturing and life sciences. Under HB 5921, the investment must be at least $20,000 and certified by the Michigan Strategic Fund (MSF). MSF can certify up to $9 million in credits in a single year with up to $250,000 for each business. Gov.

In Growing the ICT Industry in Canada, David Wolfe and Allison Bramwell present an overview of the current state of the global Information and communications technology (ICT) industry with a predominate focus on Canada's ICT industry. A detailed discussion of the current state of the ICT industry and the impact of the recession on the sector is covered in the first section of the report.

Two economic development reports, one outlining strategic initiatives to transform the state's economy and the other making recommendations for reforming the state's tax programs, were delivered last week to Gov. Jay Nixon. The governor's Strategic Initiative for Economic Growth, launched in May, submitted initial job-creation proposals focused in the areas of advanced manufacturing, energy solutions, bioscience, health science and service, information technology, financial and professional services and transportation and logistics.

Sacramento's Green Capital Alliance reports that the six-county region is now home to 13,000 clean technology jobs and 98 clean energy companies. In a five-year progress report on Sacramento's clean energy cluster roadmap, the group document's Sacramento's rise as one of the country's key hubs for clean energy technology development. The report provides a detailed look at the alliance's efforts to leverage regional partners over the past few years and its immediate plans to expand the region's data gathering and smart grid infrastructure.

The Kauffman Labs for Enterprise Creation announced its first Women in Science and Engineering Business Idea Competition to encourage female scientists and engineers to pursue entrepreneurial ventures. The competition's goal is totap into the "growing pool of highly educated women who have the potential to start scalable science and engineering-related ventures".

The District of Columbia leads the country in science and engineering (S&E) doctorates awarded per capita, according to the latest data from the National Science Foundation (NSF). Though California awards more S&E doctorates overall, Washington, D.C., has consistently outpaced all states in per capita awards. While 11.47 S&E doctorates were awarded per 100,000 people in the U.S. last year, D.C. institutions awarded 62.54. Other top states include Massachusetts, Delaware, Rhode Island and Maryland.

It is imperative that the Obama administration create a more coordinated and robust federal energy policy focused on advancing energy innovation, according to a new report by the Presidential Council of Advisors on Science and Technology (PCAST). They argue the U.S. must be at the forefront of energy technology to increase economic competiveness, protect the environment and improve national security. In Accelerating the Pace of Change in Energy Technologies Though an Integrated Federal Energy Policy, PCAST outlines several recommendations that could position the U.S.

In Growing New Mexico's Clean Tech Economy, the Clean Technology Commercialization Working Group examines steps that must be taken for New Mexico to capitalize on the state's clean technology opportunity by bridging the funding "valley of death." In a report commissioned by the New Mexico Economic Development Department, the advisory group asserts four high-priority recommendations will accelerate New Mexico's clean technology commercialization.

A survey of medical technology companies and venture capital firms with a presence in the life sciences field revealed that the U.S. is at risk of losing its global leadership position in medtech innovation because of unpredictable, inefficient, and expensive regulatory processes within the Food and Drug Administration (FDA). Further, survey data indicate that innovators and medical device companies are relocating to other countries in greater numbers to take advantage of more streamlined regulatory processes and lower costs.

Nationwide downturns in durable-goods manufacturing and construction led to declining real Gross Domestic Product (GDP) in 39 states last year, according to a recent release by the Bureau of Economic Analysis. The largest declines were seen in the Great Lakes region, where Michigan, Ohio and Indiana suffered considerable losses in manufacturing. Meanwhile, Oklahoma, Wyoming and North Dakota posted the highest percentage GDP gains. Read the BEA release .

Encouraging university researchers to bring their discoveries to market is a key component of many regional innovation strategies, but entrepreneurial activity by faculty may come at a cost, according to several recent scholarly articles by Andrew A. Toole and Dirk Czarnitzki. Toole and Czarnitzki examined the publication and commercialization histories of U.S. university-based life scientists and found that engaging in entrepreneurial activities tends to lower their publication rate, even after returning to the university full-time.

With an overall projected reserve of about $1.2 billion at the end of the 2011-13 biennium, North Dakota is well positioned to invest in growing economic sectors during a time when most states across the country are cutting programs to fill massive budget deficits. Gov. Jack Dalrymple outlined a budget for the next two years that would capitalize on the state's institutions of higher education and energy industry.

U.S. students perform just slightly above or below average in the three categories (reading, math and science) of the Programme for International Student Assessment (PISA) according to a new Organization for Economic Co-operation and Development (OECD) report. The report, Highlights From PISA 2009: Performance of U. S. 15-Year-Old Students in Reading, Mathematics, and Science Literacy in an International Context, provides an assessment of students' educational achievement and their ability to apply that knowledge in real world contexts.

An interagency government initiative was launched last week to promote the nation's renewable energy sector, helping to meet the goals of the National Export Initiative and President Obama's challenge to become the leading exporter of clean energy technologies. Seven government agencies, including the Department of Energy, will lead market research and discovery efforts such as identifying U.S. manufactured energy efficiency products likely to be competitive in global markets and exploring the creation of guides for foreign buyers listing technologies and services available from U.S.

The Philadelphia region increased retention of non-native students (students who are not originally from Philadelphia but attended undergraduate or graduate school in region) by 165% from 2004 to 2010 due to an increase in regional involvement opportunities for students (e.g., volunteer opportunities, internships, off-campus work opportunities and local cultural/entertainment activities), according to a new survey by Campus Philly.

The Council of Development Finance Agencies (CDFA) is asking for support in its effort to amend the current federal tax bill to extend the bond finance provisions of the Recovery Act. These provisions include the Build America Bonds, the Recovery Zone Bonds, the elimination of the alternative minimum tax on tax-exempt bonds, extending the Federal Home Loan Bank authority to issue letters of credit on tax-exempt non-housing bonds and continuing the relief offered to bank-qualification 501(c)3 bonds. The Senate version of the bill, which did not extend the provisions, passed on Wednesday.