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Venture capitalists invested $7.1 billion in companies during the third quarter of 2008, according to the latest Moneytree survey from PricewaterhouseCoopers and the National Venture Capital Association (NVCA). Though this figure represents a nine percent decline from the same period last year, investment levels still show little evidence of the current drought in venture-backed exits.

Universities in Canada are a major component of the country's science and technology ecosystem, and as gauged by funding, they performed 36 percent of Canada's R&D activities in 2007. In the U.S. comparatively, universities accounted for 13 percent of the R&D performed in the country.

SSTI has prepared a table displaying the amount of funding companies spent on R&D in each state from 2002 to 2006, the state's rank in 2006, the percent change over this five-year period, and the rank of that percent change. For the U.S.

After two years of campaigning, President-elect Barack Obama has begun shaping the agenda for his coming administration. Though nothing is certain at this point, throughout his campaign, President-elect Obama reiterated his support for TBED-related initiatives and plans to increase funding for research and innovation.

The outcome of Tuesday's election resulted in several wins and some defeats for TBED among the more than 150 ballot measures presented to voters across the nation. Outlined below are the unofficial election results of select ballot measures from each state's respective election office and local media reports as of Wednesday, Nov. 5.

Eleven gubernatorial elections were held across the U.S. on Tuesday, resulting in the selection of three new governors - with TBED initiatives spread throughout their campaigns' messages.

Democrats took control of five legislative chambers in Tuesday's elections: Delaware House, Nevada Senate, New York Senate, Ohio House, and Wisconsin Assembly.

While the Presidential election takes center stage on November 4, voters in several states also will cast their votes on statewide ballot issues affecting the TBED community. In addition to the 11 gubernatorial races and more than 5,800 state legislative seats up for grabs, voters across the nation will consider measures to provide funding for public education, expand investment in alternative and renewable energy, lift restrictions on stem-cell research, and eliminate income tax and state spending caps.

In the 2002 report Signs of Life: The Growth of Biotechnology Centers in the U.S., Joseph Cortright and Heike Mayer suggested it would take more than a decade for biotech investment strategies to yield fruit  - as measured by NIH funding and biocommercialization efforts.

Southern Growth hired Ted Abernathy, Jr., former Executive Vice President & COO of the Research Triangle Regional Partnership, to serve as its Executive Director, filling the vacancy created by Jim Clinton's resignation in September.

SSTI's 14th Annual Conference agenda features some of the most relevant topics designed to help your efforts to support regional innovation, and this year we're going straight to the top to find out what federal officials, governors, and state policymakers envision on the road ahead for tech-based economic development. Brian McGowan, a senior Economic Development Administration official, will kick off the conference on Tuesday, Sept.

Pressure on state budgets is at a historic high, and, ultimately, it's going to be state legislators that will make the decisions on how limited resources are allocated. The Road Ahead: The View from Legislators will provide you the opportunity to get a candid assessment from two legislators on what is needed to build support for tech-based economic development in this tough environment and what they see as the road ahead.

Everyday more organizations are realizing the potential of mentoring programs to help assist high-tech entrepreneurs and to build stronger tech industries. In recognition of this growing trend, SSTI will feature two sessions on entrepreneurial mentoring at this year's Annual Conference. The first, Sustaining Entrepreneur-in-Residence & Mentoring Programs, will examine how these programs recruit, retain and support experieinced mentors.

What are the steps in building a successful regional alliance?

How can my region benefit from the Obama Administration's vision for innovation?

Where should I look for funding now with state budgets so tight?

Bank bailouts may be capturing all of the headlines, but a new initiative from the European Union (EU) promises to inject a considerable pool of money during the downturn to accelerate the development of hydrogen and fuel cell technologies. The European Commission, as well as participants from the European research community and industry will contribute nearly 1 billion Euros (U.S. $1.28 billion) to the public-private partnership over the next six years to fund research.

Still no sign of improvement as the U.S. enters the third quarter of its initial public offering (IPO) drought.  Just one venture-backed company made an IPO exit in the third quarter of 2008, according to a release from Thomson Reuters and the National Venture Capital Association (NVCA).

For several years governors across the country have announced life science and biotech initiatives that are as broad as they are large. The devil is in the details, and in most cases related to bio-based economic development, so are the opportunities.

The National Science Foundation (NSF) announced earlier this month the establishment of five new university-based centers developing interdisciplinary research and education programs in partnership with industry in the areas of biorenewable chemicals, green energy systems, communications networks, medical implants and smart lighting.

Complete descriptions of these opportunities and others are available at http://www.ssti.org/posting.htm.

Lawmakers called into special session on Friday approved a $75 million incentive package for a Texas-based energy company to build five biofuel facilities in the state expected to generate 1,000 new jobs through a total $500 million investment. The package approved by lawmakers also includes $4 million for a workforce training fund through the state's institutions of higher education and up to $2 million for biomass research at Alcorn State University and Mississippi State University.

By 2035, nearly 40% of all new energy capacity will come from renewable energies according to a report from the National Conference of State Legislatures (NCSL). However, one resource or technology will not meet the energy needs of the future. It is necessary to develop a comprehensive plan that includes a combination of many technologies and resources. This plan may include energy efficiency, natural gas, cleaner coal technologies, nuclear energy, smart grid technologies and renewable energy.

SSTI is proud to premier a new type of event at our 14th Annual Conference. The Power Roundtable is equal parts best tips of the trade, informational interviews, and speed dating. We'll start with nationally recognized experts in six critical areas for TBED providing a rapid-fire roundtable of their top four insider tips for success — so you are guaranteed to leave with two dozen of the most important lessons for better TBED practices.

The "New Realities" will have a dramatic effect on the future of metros and the metro's effect on U.S. economic growth and prosperity, according to a recent Brookings Institute study. Metropolitan areas have changed from their traditional groupings (e.g., Sun Belt vs. Rust Belt and Southwest vs. North East) into a new demographic seven-category typology of metropolitan cities. Metros that have diversified successfully were among the "demographic winners" of the 2000s. However, metros still face similar issues regarding an educated and skilled workforce.

It is often taken for granted that small businesses are the primary vehicle of employment growth in the private sector. While this is debated, academics have struggled to demonstrate a strong inverse relationship between firm size and job creation. A recent paper by John Haltiwanger of the University of Maryland and Ron S. Jarmin and Javier Miranda of the U.S. Census Bureau shows that once the data is adjusted to account for firm age, there appears to be no systematic relationship between firm size and growth.

Kevin Carr was named CEO of Kansas Technology Enterprise Corp., after serving as interim leader since June 2009. KTEC is a public-private partnership charged with promoting tech-based economic development throughout the state.