After holding steady in late 2001, the amount of venture capital investment continued its two-year decline in the first quarter of 2002, according to the PricewaterhouseCoopers/Venture Economics/National Venture Capital Association MoneyTree™ Survey. Total investments fell to $6.2 billion — a 24 percent decrease from the fourth quarter of 2001. A total of 787 companies received venture backing, or 207 fewer than the prior quarter.
Ohio Proposes to Join Race With the growing need to identify cleaner sources of power, coupled with recent advances in alternative energy technologies, many states are targeting science and technology investments toward fuel cells. California, Connecticut, Massachusetts and New York all have made investments in fuel cell research demonstration or commercialization projects through energy related research funds.
The Spring 2002 edition of the Isuma, the quarterly Canadian Journal of Policy Research, is dedicated to issues surrounding the New Economy. Many of the 16 papers in the free, online issue will be of interest to readers of SSTI's Weekly Digest, including:
The 2002 Special Session of the Louisiana State Legislature has yielded a series of tax credits that aim to benefit biotechnology companies in Louisiana, promote commercialization of technology, encourage R&D investments, and make the state more competitive in information technology. The tax credits are as follows:
Buffalo
The Buffalo News reports InfoNiagara, a technology council serving 230 IT companies, has signed a reciprocal membership with the Amherst Chamber of Commerce to increase the benefits offered to both organizations' members. The chamber's 2,300 members gain access to InfoNiagara's training and professional development programs, according to the paper, while the tech council is able to offer its members a variety of insurance programs the chamber has in place.
The president of the Buffalo Economic Renaissance Corp, Alan DeLisle, is leaving to become director of the Office of Economic and Employment Development in Durham, N.C.
Larry Kline has resigned as president of the Wisconsin Technology Council to take a position as chief financial officer and vice president for business development with a biotech firm.
The president of the Buffalo Economic Renaissance Corp, Alan DeLisle, is leaving to become director of the Office of Economic and Employment Development in Durham, N.C.
Larry Kline has resigned as president of the Wisconsin Technology Council to take a position as chief financial officer and vice president for business development with a biotech firm.
Jeffrey Skolnick has been named executive director of the new Center of Excellence in Bioinformatics based at the University of Buffalo. In introducing Skolnick, Governor Pataki confirmed the new state budget includes $50 million for the center, according to the May 10 issue of the Buffalo News.
Members of the House Science Committee introduced legislation this week that would place the National Science Foundation (NSF) on a track to double the agency's budget in five years. The bill, H.R. 4664, authorizes a 15 percent increase for NSF for each of the next three years.
SSTI has compiled the 2001 statistics from the ten federal agencies participating in the Small Business Innovation Research (SBIR) Program to help states gear up for the next round of competition for the Federal and State Technology Partnership and Rural Outreach Programs (FAST and ROP, respectively). SBIR statistics are also used by several states as one measure or indicator for innovation indices and S&T report cards.
Earlier this week, the Michigan Economic Development Corporation (MEDC) and the Michigan Business Roundtable released a benchmarking study that used 140 indicators across seven areas to compare the state's competitiveness with 17 other states.
Savannah, Georgia
Washington Technology Center is seeking someone to become the first full-time program manager for the Northwest Energy Technology Collaborative. The Collaborative is a public-private partnership committed to accelerating the emergence of the Pacific Northwest's energy technology industry. The Collaborative seeks to build market-based programs that support businesses, entrepreneurs, investors, researchers and policymakers to address challenges facing this emerging industry.
Marv Clement, former manager of Entrepreneurial Programs at Pacific Northwest National Laboratory in Richland, Washington, retired in April 2002.
Bob Filka, vice president of strategic initiatives for the Michigan Economic Development Corporation, is leaving to become chief operating officer of the Michigan Broadband Authority Board. William Rosenberg will become the new board's first director.
Marv Clement, former manager of Entrepreneurial Programs at Pacific Northwest National Laboratory in Richland, Washington, retired in April 2002.
Bob Filka, vice president of strategic initiatives for the Michigan Economic Development Corporation, is leaving to become chief operating officer of the Michigan Broadband Authority Board. William Rosenberg will become the new board's first director.
Alex Fisher, chief of staff for Tennessee Governor Don Sundquist, is leaving to become the director of technology transfer and economic development at Oak Ridge National Laboratory.
Molly Lambert, secretary of the Vermont Agency of Commerce and Community Development since 1998, is resigning July 1 to become head of the Vermont Captive Insurance Association. The Agency is comprised of the Departments of Economic Development, Tourism and Marketing, and Housing and Community Affairs.
Dramatic increases in research and development (R&D) investments during the past decade, largely from industry, have contributed to U.S. standing as a global economic power, according to Science and Engineering Indicators 2002, a biennial report of the National Science Board. The U.S. had $244.1 billion in R&D investments in 1999, an increase of nearly $33 billion from 1997, the report shows. In addition, the U.S.
Defense Concedes: Will Honor 2.5% Set Aside
Two recent studies on Internet usage in Maryland and Maine offer detailed maps of broadband infrastructure. The studies offer some insights on how businesses and, in the case of Maryland, private citizens are accessing the Internet. Specific findings are not presented below; however, each of the studies are available in their entirety via the links that follow the respective summaries.
The National Science Foundation reports the number of doctorate awards from U.S. universities in physics, after hitting a record high in 1994, fell 22 percent by the year 2000. Doctorates in engineering declined 15 percent by the year 2000 from the 1996 peak.
With a large land mass and a population surpassing the 21 least populated states and the District of Columbia combined, California has scores of public programs and nonprofit organizations dedicated to encouraging technology-based economic development on the state, regional, local and sub-local levels. Best practices in the field, then, could have applications in a number of other states and communities.