North Canton, Ohio, has been chosen as the site for the nation's newest Department of Defense (DoD) Center of Excellence. Centers of Excellence deal with specific military technology needs that are deemed critical to the nation's defense and security.
Oregon lawmakers haveagreed to fund nearly all of Gov. Ted Kulongoski’s innovation proposals, including investments in seven new industry initiatives and the creation of two new signature research centers. The innovation plan passed by lawmakers falls $10 million short of the original $38 million proposal introduced by the Oregon Innovation Council and included in Gov. Kulongoski’s fiscal year 2007-09 budget released in December 2006 (see the Dec.
After running on a month-long stopgap budget, North Carolina lawmakers reached a $20.7 billion budget agreement for fiscal year 2007-08 earlier this week that includes funding for major research initiatives, public and higher education, and TBED-related items.
A majority of angel investment groups report that the quality and quantity of their deal flow increased last year, according to a recent national survey of angel investors. Roughly 54 percent reported an increase in activity in 2006, and almost 58 percent expect even more investments and higher quality deals throughout 2007.
The venture capital industry appears to have rebounded from the post-tech bust slump, according to Ernst & Young’s latest Global Venture Insights Report. In the past year, venture investment has climbed to its highest point since 2001. Much of this growth has taken place in emerging markets like India, Russia and particularly China, where the venture industry is a relatively recent phenomenon.
With the goal of improving the competitiveness of their workforces, many states and regions are searching for the best policies to encourage participation in educational opportunities beyond high school. Dual enrollment plans are one type of such policies that enable students to enroll in postsecondary level courses while still in high school.
The Maryland Technology Development Corporation has awarded more than $500,000 to seven start-up technology companies. The program, TEDCO’s Maryland Technology Transfer Fund (MTTF), is designed to help businesses transfer technology from Maryland universities and federal laboratories into the marketplace. The grants range between $70,000 and $75,000.
James Epolito, the former president and CEO of Accident Fund Insurance Co. of America, will become president and CEO of the Michigan Economic Development Corp. (MEDC) effective Sept. 1. The current MEDC president and CEO, Donald Jakeway, will lead MEDC's international economic development efforts.
James Epolito, the former president and CEO of Accident Fund Insurance Co. of America, will become president and CEO of the Michigan Economic Development Corp. (MEDC) effective Sept. 1. The current MEDC president and CEO, Donald Jakeway, will lead MEDC's international economic development efforts.
President and CEO of the Arizona Technology Council, Todd Bankofier, is resigning his position on Aug. 26 to become vice president and general manager for Ensynch Inc., a Tempe-based information technology services and solutions consulting company.
ACCRA, a national nonprofit research organization, has named Jeffrey Blodgett of the Connecticut Economic Resource Center (CERC) as president of the Board of Directors for 2005-06, beginning July 1.
Terry Blum, dean of Georgia Tech's College of Management, will resign her position on June 30, 2006.
The Indiana Health Industry Forum announced James "Mike" Brooks accepted the position of president and CEO effective July 11.
Randy Goldsmith resigned his position as president and CEO of the San Antonio Technology Accelerator Initiative (SATAI) Network to become assistant vice president of tech transfer and economic development at the University of Texas at San Antonio. SATAI is currently accepting applications to fill the vacancy (see item below).
Jeff Moseley will replace Jim Kollaer as president and CEO of the Greater Houston Partnership.
Purdue University professor Jerry Woodall was chosen to lead the university's Burton D. Morgan Center for Entrepreneurship.
Like many states, Wisconsin has struggled to attract consistent attention from the national venture capital industry. Capital can be especially difficult to obtain in the state, since entrepreneurs with limited resources are often unable to participate in the expensive and complicated process of presenting their cases to venture capital firms based on the coasts.
With the rapidly rising cost of health insurance, entrepreneurs frequently find themselves unable to pay their premium in the early stages of business ownership. Often, this means going without health insurance or abandoning plans to launch a new firm. The North Central Iowa Alliance (NCIA) has announced a new initiative to lower this barrier facing new business owners.
Innovation and technology, two key components of NGA Chair Arizona Gov. Janet Napolitano's Innovation America initiative, were the subject of much discussion during the National Governors Association's (NGA) recently concluded annual meeting. The two components are given even more attention in three new reports released by NGA during the meeting.
Business incubators, known for the business support services they provide entrepreneurs, have shown themselves through the years to be a valuable resource in the process of starting and growing companies. Office and laboratory space provided at a reduced cost to tenants is just one of the benefits. Many incubators also offer access to university research, mentoring and seed and venture capital in order to encourage entrepreneurship and ensure the success of new high-technology start-up companies.
For a country to attain a thriving information technology (IT) sector, an environment that promotes competitiveness, protects innovation, and invests in education and infrastructure must be supported. According to a report released this month by the Economist Intelligence Unit, which created an “IT Industry Competitiveness Index” to measure and compare this environment, the U.S. ranks first among 64 countries from around the world.
Angel networks are often seen as an effective way to make sense of hodgepodge of individual investors, institutional funds and investment groups that make up the early-stage capital industry. Though many regions suffer from a lack of early-stage capital, this problem is often exacerbated by insufficient knowledge among entrepreneurs about local angel investors and groups and vice versa.
As community leaders plan the physical development of their regions, some recent research may offer insight into the benefits of encouraging close proximity between firms. A group from Statistics Canada has published a paper exploring the various gains in productivity that manufacturing firms experience due to geographic concentration. In Urban Economies and Productivity, John Baldwin, Desmond Beckstead, W.
As part of the budget deal agreed upon earlier this week between Gov. Ed Rendell and Pennsylvania lawmakers, two of the governor’s major TBED priorities - the Jonas Salk Legacy Fund and an alternative energy fund - will be voted on later this year.
The deepest mine in the U.S. has been selected by the National Science Foundation as site of its Deep Underground Science and Engineering Laboratory. Also known as the “Homestake” in the Black Hills of South Dakota, the site contains 375 miles of tunnels, some extending more than 8,000 feet into the earth.