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RIAN Launches Webinar Series

Wednesday, December 21, 2011

RIAN, the Regional Innovation Acceleration Network, is launching a webinar series beginning in January. These webinars will be presented by experts and practitioners in the field on a range of topics that will help to connect the Venture Development Organization community and exchange best practices and new ideas. The January schedule includes presentations on integrity, accelerators, and the EB-5 program. See the RIAN Events page or the News page for more information.

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Ownership of IP is a Key Strategy of Innovative Firms, According to WIPO

Wednesday, December 21, 2011

Ownership of intellectual property (IP) rights has become central to the strategies of innovating firms worldwide, according to The Changing Face of Innovation, a new report from the World Intellectual Property Organization (WIPO). Researchers contend that rapidly growing global investments in innovation and the globalization of economic activities are key drivers of this trend. Between 1980 and 2009, global patents rose from 800,000 applications to 1.8 million.

  • Read more about Ownership of IP is a Key Strategy of Innovative Firms, According to WIPO

Report Finds Innovation and Manufacturing Fueled 2011's Best Performing Cities

Wednesday, December 21, 2011

A new report from the Milken Institute, Best-Performing Cities 2011, finds cities that saw significant improvements to their economic performance between 2010 and 2011 were able to:

  • Read more about Report Finds Innovation and Manufacturing Fueled 2011's Best Performing Cities

Incubator RoundUp

Wednesday, December 21, 2011

Finding new and creative ways for high-tech companies to succeed is an important component in business incubation. A recent study examining best practices for supporting new company formation finds it is the synergy among multiple practices, policies and services that produces optimal outcomes. At the same time, collecting standardized measures, reporting on progress annually, conducting external independent evaluations, tracking programs, and continuing to enhance practices are singled out as important policy implications.

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Tech Talkin' Govs: Part I

Wednesday, January 11, 2012

SSTI's Tech Talkin' Govs series has returned for its 12th annual edition. The series highlights new and expanded TBED proposals from governors' State of the State, Budget and Inaugural addresses across the nation. The first installment includes excerpts from speeches delivered in Georgia, Iowa, New York, Kentucky, South Dakota, Vermont, and Virginia. Georgia Gov. Nathan Deal, State of the State Address, Jan. 10, 2012 "... I want to announce two ambitious goals.

  • Read more about Tech Talkin' Govs: Part I

America COMPETES Report Emphasizes Innovative Research, Education, Infrastructure

Wednesday, January 11, 2012
U.S. Secretary of Commerce John Bryson recently presented the key findings of a year-long study into the challenges and opportunities facing the national innovation economy (full video of the event is available at the Center for American Progress site). Over the past decade, a number of warning signs, such as declining job creation, poor student preparedness in science and math and aging infrastructure, have indicated that the U.S. is en route to a less dominant position in the global economy.
  • Read more about America COMPETES Report Emphasizes Innovative Research, Education, Infrastructure

VA Gov McDonnell Unveils Opportunity to Learn Education Agenda for 2012

Wednesday, January 11, 2012

Virginia Gov. Bob McDonnell unveiled his 2012 legislative and budget actions that support his administration's ongoing Opportunity to Learn K-12 education agenda. The governor's proposed budget also includes $438 million in new K-12 funding over the next biennium.

  • Read more about VA Gov McDonnell Unveils Opportunity to Learn Education Agenda for 2012

ID Gov Announces $5M Industry-University Research Partnership

Wednesday, January 11, 2012

Gov. Butch Otter unveiled plans for a targeted partnership among industry, higher education and government that invests in R&D to produce new technologies — and ultimately — jobs. The governor is asking lawmakers to approve $5 million for startup costs in the FY13 budget. Legislation to be introduced later this session will provide a plan for reorganizing the Idaho Innovation Council and implementing the initiative — called IGEM for Idaho Global Entrepreneurship Mission.

  • Read more about ID Gov Announces $5M Industry-University Research Partnership

Massachusetts Plan Identifies Action Steps for Economic Growth

Wednesday, January 11, 2012

An economic development policy and strategic plan presented to lawmakers last month identifies several steps for investing in the innovation community to improve the state's competitiveness. To create a robust and supportive environment for new company formation and tech commercialization, the report recommends increasing by 20 percent annually over the next five years state funding for capital and incubator and accelerator programs. The plan, put forth by Economic Development Planning Council under Gov.

  • Read more about Massachusetts Plan Identifies Action Steps for Economic Growth

Connecticut Innovations Matches State Funds, Creates New Programs

Wednesday, January 11, 2012

Connecticut Innovations (CI), a quasi-public agency supporting high-tech industries, will match state funds to expand access to capital programs and launch new initiatives supporting tech transfer efforts. CI's board this week announced the deployment of $250 million over five years for activities including SBIR assistance, establishing three technology accelerator hubs and recruiting emerging tech companies nationally and internationally.

  • Read more about Connecticut Innovations Matches State Funds, Creates New Programs

State Clean Energy Initiatives Need Economic Development Component, Brookings Reports

Wednesday, January 11, 2012
In order to build thriving clean energy industries, state clean energy funds should devote a significant portion of their funding to economic development, according to a new report from the Brookings Institute. While most funds focus on clean energy project installation, additional state funding for R&D, early stage capital, entrepreneurial support and other activities are important elements in an effective cleantech strategy. Read the report...
  • Read more about State Clean Energy Initiatives Need Economic Development Component, Brookings Reports

TBED People and Orgs

Wednesday, January 11, 2012
Renee Winsky has resigned as the CEO of the Tech Council of Maryland. Winsky has headed the technology trade group since September 2009. Larry Letow, chairman of the council, will serve as CEO on an interim basis. Tom Ballard has retired as director of partnerships at Oak Ridge National Laboratory and accepted the position of director of Innovation and Entrepreneurial Initiatives at Pershing Yoakley and Associates. Mark Lytle has been selected to become the division director of the Georgia Centers of Innovation.
  • Read more about TBED People and Orgs

Tech Talkin' Govs: Part II

Wednesday, January 18, 2012

The second installment of SSTI's Tech Talkin' Govs series includes excerpts from speeches delivered in Alaska, Colorado, Missouri, and New Mexico. Our first installment was in the Jan. 11 Digest. Alaska Gov. Sean Parnell, State of the State Address, Jan. 19, 2012 "I also thank you for working with me to create a merit scholarship that gives all Alaska's children an incentive to complete a more rigorous high school curriculum. ... "... In its first year, this scholarship has been a remarkable success. Now we must secure it for future years.

  • Read more about Tech Talkin' Govs: Part II

President Elevates SBA Head to Cabinet, Seeks Agency Consolidation

Wednesday, January 11, 2012
President Obama recently announced his intention to streamline the six federal departments and agencies focused on business and trade into a single department. Doing so would require Congress to grant the president authority to reorganize the Executive branch and then submit the proposal to Congress as an up or down vote. The new department would help coordinate federal trade policy, and provide a comprehensive source for business support.
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Vermont Gov Proposes $8M Investment in University Programs

Wednesday, January 18, 2012

Gov. Peter Shumlin introduced a plan to invest $8 million in university programs designed to address a shortage of skilled workers. Under the plan, the University of Vermont and Vermont State Colleges each would receive $4 million in one-time funding to implement university-industry partnerships, facilitate re-entry of science and engineering professionals, and expand dual enrollment for high school seniors. In his Budget address to lawmakers last week, Gov.

  • Read more about Vermont Gov Proposes $8M Investment in University Programs

Vermont Gov Proposes $8M Investment in University Programs

Wednesday, January 18, 2012
Gov. Peter Shumlin introduced a plan to invest $8 million in university programs designed to address a shortage of skilled workers. Under the plan, the University of Vermont and Vermont State Colleges each would receive $4 million in one-time funding to implement university-industry partnerships, facilitate re-entry of science and engineering professionals, and expand dual enrollment for high school seniors. In his Budget address to lawmakers last week, Gov.
  • Read more about Vermont Gov Proposes $8M Investment in University Programs

Higher Ed Funding in AZ, NM Focuses on Outcomes, Increasing STEM Grads

Wednesday, January 18, 2012

With a sharp decline in state funding available for higher education over the past several years, performance- and outcome-based funding has garnered a great deal of attention in several states seeking to maximize education funds and support economic growth. Governors in Arizona and New Mexico recently proposed significant reforms in higher education funding so that universities with greater R&D expenditures and those that graduate more students in science, technology, engineering and mathematics (STEM) fields would receive a bigger share of state funds. Arizona Gov.

  • Read more about Higher Ed Funding in AZ, NM Focuses on Outcomes, Increasing STEM Grads

Universities Develop Private-Public Partnerships to Transform Research into Startups

Wednesday, January 18, 2012

Across the U.S. and Canada, universities continue to forge public-private partnerships focused on creating a formalized approach to turn university research into market-ready products and startup companies. Three universities and their respective partners recently have announced efforts to bring inventors, the community and investors closer together. They also intended to provide potential entrepreneurs with the skills, mentorship and resources need to launch a startup company.

  • Read more about Universities Develop Private-Public Partnerships to Transform Research into Startups

NSF 2012 Science & Engineering Indicators Are Now Available

Wednesday, January 18, 2012
The National Science Foundation's National Science Board has released the 2012 edition of its biennial compilation of U.S. science and engineering indicators and trends. This year's release includes an interactive tool to view state S&E data and a separate digest with 30 key data points for evaluating U.S. progress. While the U.S. still leads the world in many of these key metrics, developing countries appear to have made significant strides in S&E competitiveness, according to the report. Additional data will be available after February 15.
  • Read more about NSF 2012 Science & Engineering Indicators Are Now Available

New Firms and SMEs fuel the European Union's Job Growth, According to New Report

Wednesday, January 18, 2012
Between 2002 and 2010, small- and medium-sized enterprises (SMEs) created 85 percent of new jobs in the European Union (EU), according to "Do SMEs Create More and Better Jobs?" — a new report from the European Commission. During this period, SMEs' annual employment growth (1 percent) grew at twice the rate of large enterprise (0.5 percent). Fueled mostly by the birth of new SMEs, net employment in the EU rose by an average of 1.1 million new jobs each year. In 2010, SMEs employ 67 percent of all workers in Europe.
  • Read more about New Firms and SMEs fuel the European Union's Job Growth, According to New Report

Tech Talkin' Govs: Part III

Wednesday, January 25, 2012

The third installment of SSTI's Tech Talkin' Govs' series includes excerpts from speeches delivered in Delaware, Hawaii, Massachusetts, Mississippi, and Utah. The first and second installments are available in the Jan. 11 and Jan. 18 editions of the Digest. Delaware Gov. Jack Markell, State of the State Address, Jan. 19, 2012 "Following up on the recent "Imagine Delaware' forum sponsored by the News Journal, we are finding new ways to support entrepreneurs. Over the last months, we studied best practices at entrepreneurial support centers around the country...

  • Read more about Tech Talkin' Govs: Part III

TBED Community Represented During State of the Union Address

Wednesday, January 25, 2012
A recent invitation from the White House to a high-tech entrepreneur who grew his company with help from TBED programs signifies the important role of high-growth companies for improving our nation's competitiveness. Hiroyuki "Hiro" Fujita, founder and CEO of Quality Electrodynamics, a medical device company founded in 2006, was invited to attend the State of the Union address as a guest of the First Lady upon recommendation from Cleveland Clinic Innovations, an SSTI member.
  • Read more about TBED Community Represented During State of the Union Address

Alabama Plan Calls for Legislative Agenda Focused on Innovation

Wednesday, January 25, 2012

Alabama's new strategic plan defines three economic development drivers to help diversify the state's economic development efforts and maximize opportunities for growth. Programs that focus on job creation through innovation, entrepreneurship, R&D, and commercialization are listed among the "renewal" efforts of the three-part plan. This includes establishing a statewide innovation council, designating funds to expand commercialization programs, and creating a mechanism to provide state grant matching for SBIR/STTR awards.

  • Read more about Alabama Plan Calls for Legislative Agenda Focused on Innovation

Maryland Gov's Agenda Seeks to Advance Tech Commercialization

Wednesday, January 25, 2012

Building on the momentum of the InvestMaryland initiative passed last session, Gov. Martin O'Malley unveiled a joint venture between the state, federal research labs and academic institutions to accelerate technology commercialization. Under the Maryland Innovation Initiative, participating universities would pay a fee of $250,000 each year and, when leveraged with state funds and private donations, a pool of money would be used to award grants to startup companies seeking to advance research from Maryland labs.

  • Read more about Maryland Gov's Agenda Seeks to Advance Tech Commercialization

Invest Atlanta Intends to Focus on Jobs and Competitiveness

Wednesday, January 25, 2012

Atlanta Mayor Kasim Reed unveiled Invest Atlanta — the city's new economic development authority that places a renewed effort on job creation and competitiveness. Invest Atlanta will work primarily to attract new investment, grow international trade, fuel innovation and support entrepreneurship.

  • Read more about Invest Atlanta Intends to Focus on Jobs and Competitiveness

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Disaster relief is not directly within the purview of technology-based economic development organizations. Nonetheless, disasters frequently impact the partners and constituents of TBED organizations and exacerbate the social determinants of economic growth. Therefore, teams of people from TBED organizations frequently choose to step up and step out of their economic development sphere and engage in societal recovery from disasters.

                                     

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