Study Finds Angel Groups Receive Returns Consistent with Other Investments
By nature, angel investing is a risky endeavor. Angels are often involved with unproven seed- and early-stage companies and are frequently the first outside investors to become involved in a new venture. Despite these risks, a report released by the Ewing Marion Kauffman Foundation and the Angel Capital Education Foundation argues that angel investors working through investor groups often achieve attractive returns.
Hiring Additional Tenure-Track Faculty as a TBED Strategy
The University of Michigan announced last month that it will spend $30 million in the next five years to hire an additional 100 junior tenure-track faculty members to build multidisciplinary research and degree programs.
Stalling Budgets Add to Uncertain Times at National Laboratories
Federal budget uncertainties, higher health care and retirement benefit costs, a reduced retirement rate and added costs from a structural change from nonprofit lab management have all been mentioned as reasons for the enactment of a workforce reduction plan at Los Alamos National Laboratory. The goal is to decrease the number of lab employees by 500 to 700 workers, and the National Nuclear Security Administration has formally approved the plan, as outlined by Los Alamos’ Director Michael Anastasio.
Useful Stats: 14 Years of Federal Support for Academic R&D by State, 1993-2006
Federal funding for R&D in academic science and engineering fields totaled more than $30 billion in fiscal year 2006, yet it was not enough to outpace inflation, according to data collected by the National Science Foundation (NSF). After adjusting for inflation, the 2.9 percent increase in federally funded academic R&D expenditures in FY 2006 from FY 2005 was actually a 0.1 percent decline.
SSTI Brought 1,400+ Funding Opportunities to Subscribers in 2007
So far this year, SSTI's Funding Supplement has made its subscribers aware of more than 1,400 different opportunities to secure funding. If you aren't a subscriber, your client companies, academic researchers, and state and local TBED efforts are at a significant disadvantage!
SSTI Job Corner
Complete descriptions of these opportunities and others are available at http://www.ssti.org/posting.htm.
People
Delaware Economic Development Office announced Ken Anderson as its new director of entrepreneurial and small business development.
People
Metro Orlando Economic Development Commission has named Mike Bobroff as its chief operating officer. Bobroff is also the commission's executive vice president.
People
Chris Copenhaver, an employee of the Department of Economic Development in Roanoke, Va., was named the city's first entrepreneurial specialist.
SBIR Extended Until July 31
This week, Congress passed H.R. 1541, a continuing resolution that extends the SBIR program in its current state until July 31, 2009. The extension provides another four-month window for the two chambers to develop a compromise toward full reauthorization.
FY09 Federal Budget Boosts Science, TBED
Many agencies may see Congress passing their annual appropriations bill six months into the fiscal year as worth the wait, given the increases most science, technology and economic development supporting programs experienced. While some budget bump ups are modest, accommodating little more than inflation and Congressional earmarks, others should result in more grants flowing to researchers, universities, small businsses, and TBED organizations.
Department of Agriculture
The enacted budget funds the Department of Agriculture (USDA) at $106 billion for FY09, with increases over FY08 funding for several programs related to TBED. Most of the USDA appropriation, $86.6 billion, is reserved for mandatory spending programs such as food and nutrition assistance and farm commodity programs.
Department of Commerce
The FY09 enacted budget provides $9.3 billion for the Department of Commerce, up $1.6 billion over FY08. Much of this additional funding will support the 2010 U.S. Census and not TBED-related and research activities.
Department of Commerce
The FY09 enacted budget provides $9.3 billion for the Department of Commerce, up $1.6 billion over FY08. Much of this additional funding will support the 2010 U.S. Census and not TBED-related and research activities.
Department of Defense
The enacted FY09 Appropriations bill authorizes $512 billion for the Department of Defense (DoD) base as well as $66 billion for operations in Iraq and Afghanistan. The Defense Advance Research Projects Agency (DARPA) received $3.1 billion, an increase from the 2008 appropriation of $2.95 billion.
Department of Education
The Department of Education's FY09 total budget appropriation is $66.5 billion.
The FY09 education budget includes specialized funding toward a few K-12 math and science programs:
Department of Energy
The FY09 budget provides $27 billion for the Department of Energy (DOE), a nine percent increase over the FY08 enactment.
Department of Homeland Security
The Department of Homeland Security (DHS) was one of three federal agencies whose budget was enacted in September 2008. Since the department's funding was finalized last year, only minimal funding is provided in the current bill.
Department of Housing and Urban Development
The FY09 enacted budget includes $38.6 billion for the Department of Housing and Urban Development, a $3 billion increase over the 2008 appropriation. The Office of Policy Development and Research (PD&R) received $18.1 million for personnel compensation and benefits.
Department of Labor
The FY09 omnibus awards $15.3 billion to the Department of Labor, a 4.1 percent increase over the previous fiscal year.
Department of Transportation
The FY 2009 Department of Transportation's (DOT) total budgetary resources are $67.2 billion. Funding for the NextGen technology is more than doubled, providing $688 million for the transformation from radar-based to satellite-based air traffic systems to help meet the nation's rapidly growing demand for air travel.
Department of the Treasury
The FY09 enacted budget provides $1.16 billion for the Treasury Department, not including the IRS. Though the overall appropriation for the department dropped, TBED-related funding increased.
Environmental Protection Agency
The Environmental Protection Agency (EPA), received $7.6 billion in FY09, $174 million above the 2008 appropriation. Science and Technology activities, including research and development activities, are funded at $790 million in FY09, $30 million above the FY08 appropriation.
NASA
NASA received $17.8 billion in FY09, a 2.2 percent increase from the previous fiscal year's amount of $17.2 billion. It is distributed as follows:
National Science Foundation
In FY09, the National Science Foundation received $6.49 billion, a 5.9 percent increase of $363 million over FY08. More than three-fourths of the total supports non-defense research and related activities, 13 percent will be for education and human resources, and 2.3 percent of the total is for major research equipment and facilities construction.