Venture capital investments for the third quarter of 1999 (3Q 1999) passed $9 billion, pushing the year’s total already above $21 billion, according to the latest PricewaterhouseCoopers Money Tree™ Survey. For comparison, investments reported for all of 1998 were under $14 billion.
The Manufacturing Modernization Forum (ModForum), located near Ann Arbor, Michigan, is a trade association for groups who help smaller manufacturers improve their productivity and performance. The not-for-profit organization seeks applications from qualified candidates to fill the position of President/CEO. Resumes will be accepted until November 24.
Since running the article on federal and congressional fellow programs in last week’s Digest, SSTI has learned of two more opportunities and resources for helping to influence or improve development of public policy in science and technology issues:
Earlier this year, Michigan initiated plans to spend $1 billion over the next 20 years for life sciences research, development, and commercialization. With this commitment, Michigan became the first state to use its tobacco settlement funds to bolster technology-based economic development programs.
Other states and localities are considering using their share of the tobacco settlement funds for science and technology programs as well.
As the first Advanced Technology Program (ATP) projects approach their 10th anniversary, many in government, industry and academia are asking the question: Is the program working?
The American Institute of Physics (AIP) and the American Physical Society (APS) are offering qualified scientists the opportunity to spend a year on Capitol Hill as Congressional Science Fellows. The fellowships provide a mechanism for scientists to make a unique, personal contribution to national R&D policy by applying their knowledge to science-related policy matters while working as a staffer for a Member of Congress or congressional committee.
In this off-year election, there were only a few races that are significant to the S&T community.
Democrat Paul Patton, incumbent Governor of Kentucky, easily won re-election over three contenders. Patton becomes the first Kentucky Governor to be elected to a second term since 1800.
The National Science Foundation (NSF) has made a first round of grants to researchers at 31 institutions nationwide under a new program enabling talented graduate students and advanced undergraduates in science, mathematics, engineering and technology to serve as teaching fellows in K-12 schools.
The House of Representatives approved an amendment to H.R. 2, the Student Results Act, that would require all states to develop standards and testing requirements for science education. Similar standards and testing requirements already exist for math and reading. The amendment to add the words “and science” to the list of standards and testing requirements in section 1111 of the Elementary and Secondary Education Act of 1965 was offered by Congressman Vernon J. Ehlers (R-Michigan) and Congressman Tom Petri (R-Wisconsin).
The National Collegiate Inventors and Innovators Alliance (NCIIA) seeks proposals that support innovation, invention, and entrepreneurship programs in U.S. colleges and universities. Through December 1999, NCIIA will award $400,000 in grants to faculty and students of member institutions. The next deadline is December 15, 1999.
The North Carolina Small Business and Technology Development Center (SBTDC) will host a six-state regional conference promoting three federal business technology investment programs: the Small Business Innovation Research (SBIR) Program, the Advanced Technology Program (ATP), and the Small Business Technology Transfer (STTR) Program.
The U.S. Department of Agriculture (USDA) has awarded almost $13 million in grants for distance learning and telemedicine projects in rural areas of 34 states and Puerto Rico. The announcement was made on the 50th anniversary of the program. Since the program’s inception, $11 billion in loans and grants have been made, resulting in more than 1 million miles of phone lines and thousands of miles of optic cable being laid.
The Economic Development Administration has funded the creation of EconData.Net (http://www.econdata.net/), a website providing a searchable database with approximately 400 links to web-related socioeconomic data resources. EconData.Net provides a single site for referencing many materials used for developing science and technology indices or for comparing a state or region’s economic posture with other jurisdictions.
The Florida legislature recently approved legislation creating the Florida Space Research Institute (FSRI), an independent, industry-led organization designed to coordinate the space-related research capabilities of several public and private universities. FSRI will strive to expand the universities’ involvement in space research and education, and to insure that state academic resources are available to support the space-related needs of industry, NASA, and the military.
The Air Force Dual Use Science & Technology Program (DUS&T) will be holding a pre-solicitation conference to provide businesses an opportunity to participate in the process of generating topics for the Air Force DUS&T solicitation to be released in January.
The U.S. Department of Education has selected 40 awards for the Community Technology Centers program, a new federal initiative to promote the development of model programs that demonstrate the educational effectiveness of technology in urban and rural areas and economically distressed communities. Community Technology Centers provide access to information technology and related learning services to children and adults.
Pennsylvania’s $187 million investment in the Ben Franklin Partnership boosted the state’s economy by $2.9 billion between 1989 and 1996, according to a new economic impact study. A Record of Achievement: The Economic Impact of the Ben Franklin Partnership concludes that between 1989 and 1996 the Ben Franklin Partnership achieved the following:
The Small Business Administration (SBA) has selected 22 organizations to receive funding to support outreach and proposal assistance for the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. The organizations will split $1 million for an average award of just over $45,000. The exact amount for each award was not provided.
A five-university partnership led by Vanderbilt University (TN) will develop bioengineering educational technologies and curricula at a new Engineering Research Center funded by the National Science Foundation (NSF). Through a five-year, nearly $10-million cooperative agreement, the center will support and enhance the education of a new generation of bioengineers needed to strengthen the industry.
NASA has selected 290 research proposals across 34 states for negotiation of Phase I contract awards for its 1999 Small Business Innovation Research (SBIR) Program. The total value of the awards is expected to be more than $20 million.
Ten individuals and five institutions have received the 1999 Presidential Award for Excellence in Science, Mathematics and Engineering Mentoring. The mentoring awards honor those whose personal and organizational activities have increased participation of underrepresented groups in mathematics, engineering and science from kindergarten through graduate level.
After only ten years of investments, Connecticut Innovations, Inc. achieved a net income of $21.4 million in 1999, according to Connecticut Innovations’ latest annual report. The corporation reversed a deficit of over $20 million in retained earnings accumulated through 1995 to a positive $24.7 million by June 30, 1999. The corporation's record provides one of the strongest examples of successful state-funded, technology-based seed and venture capital investment to date.
The Advanced Technology Program (ATP), managed by the National Institute of Standards and Technology, has selected 37 projects from the 1999 solicitation to receive awards. Recipients will share $110 million of ATP funding for high-risk R&D projects with the potential to spark important, broad-based economic benefits for the United States. ATP funds will be matched by at least $102 million from private industry.
The 1999 Advanced Technology Program National Meeting, Nov. 15-17 in San Jose, Calif., will feature more than 30 workshops for industry, academic and government researchers to discuss current ATP work in
high-risk, high-potential technologies and future R&D opportunities. The meeting also will feature general information presentations on ATP and a showcase exhibit of a broad array of successful ATP-sponsored
The Indianapolis-based Lilly Foundation is providing nearly $60 million in two grants to help make Indiana more competitive for technology research and education and high-tech business development. The grants were made to Indiana University and the Rose-Hulman Institute of Technology.