The Advanced Technology Program (ATP) bridges the gap between the research lab and the marketplace, stimulating prosperity through innovation. Through partnerships with the private sector, ATP's early stage investment is accelerating the development of innovative technologies that promise significant commercial payoffs. ATP exhibits four primary strengths:
No matter which source one uses, venture capital investments continued their decline during the second quarter of 2001. The Moneytree™ survey, released this week by PricewaterhouseCoopers and Venture One, Inc., found a 21 percent decline from the previous quarter. Second quarter investments fell to $8.2 billion from $10.4 billion in the first three months of the year. Only 669 companies received funding, down 11 percent from the 752 firms funded during the first quarter.
What are you doing to protect your state or local economy from technological advances that will completely overturn an industry 10, 20, 30 years from now?
With the prospect of someday losing 27,000 high-paying tech jobs at 15 automotive engine and powertrain plants, Michigan has unveiled a plan to position the state as a leader when automotive applications of fuel cell technology make the internal combustion engine obsolete.
Last week, the U.S. Census Bureau released the Census 2000 Supplementary Survey Data (C2SS), compiled from 700,000 test households prior to the full census. C2SS provides a preliminary look at data similar to those that will be available next year from the Census 2000 long form.
Is the current concentration of effort toward the identification and licensing of intellectual property (IP) the best method to stimulate innovation? In a period seeing increased pressures on public research universities to identify alternate sources of funding, IP opponents may find economic considerations obfuscating the innovation argument:
The Federal Laboratory Consortium for Technology Transfer (FLC) is the nationwide network of federal laboratories that provides the forum to develop strategies and opportunities for linking the laboratory mission technologies and expertise with the marketplace. More than 700 major federal laboratories and centers and their parent departments and agencies are FLC members.
The general fiscal condition of state budgets is growing weaker, indicates a preliminary report released August 1 by the National Conference of State Legislatures (NCSL). State Budget & Tax Actions 2001 provides information on 46 states included in NCSL's annual survey. The remaining states – Massachusetts, New York, North Carolina, and Wisconsin – had budgets that were either not passed or awaiting the governor's approval.
The toll a lackluster economy is taking on Wall Street, manufacturing orders, and tech firm profits are well-known facts at this point. Tightening state and local tax revenues are also apparent. For households, less cash usually translates to changes in vacation travel plans and fewer purchases of luxury items, like bigger cars, expensive jewelry and – Internet access?
Ohio businesses experienced a 15 percent increase in overall Internet and website usage between 1999 and 2000, according to the 2001 report released by ECom-Ohio — a public-private collaborative project to increase Ohio's readiness for global electronic commerce.
The National Science Foundation has published Federal Funds for Research and Development: Detailed Historical Tables: Fiscal Years 1951-2001. The five-volume report includes seven tables (55-61) that present the data by state for the period 1970-1999. Federal R&D obligations are characterized by industrial, university, nonprofit, FFRDC and intramural performers.
The latest monthly update from http://www.econdata.net, an excellent portal for regional economic development related data on the web, included the following table prepared by the National Institutes of Health (NIH). The table presents the top 100 cities based on the total value of NIH research and development grants, contracts and training awards made in FY 2000.
On July 16, both houses of Wisconsin’s state Legislature passed a state budget including numerous incentives for technological development. The budget covers state spending for a two-year period that began July 1. Gov. Scott McCallum has until August 30 to approve the budget; several of the tech-related items were in the Governor's first state of the state and executive budget addresses.
Despite many indications that show strong potential for growth, Southern California's bioscience industry still faces challenges, according to a new report from the Los Angeles Regional Technology Alliance (larta). Released July 19, Heart of Gold: The Bioscience Industry in Southern California highlights the strengths of the region's industry and honestly assesses the ways that the industry can overcome its weaknesses. The report was created to present a full
Tom Murphy says when he first took office as Mayor of Pittsburgh in January 1994, the city was suffering from one of the worst inferiority complexes in its history. To be sure, Pittsburgh once was known first and foremost as being the capital of steelmaking in the U.S. By 1994, the devolution of U.S. steelmakers during the past 25 years had taken its toll on the steel city, physically, economically and psychologically.
The U.S. Department of Agriculture (USDA) has posted its selections for the FY 2001 Phase I solicitation of the Small Business Innovation Research (SBIR) Program. Using information obtained from Ruth Lange of the USDA SBIR Program Office and the USDA website, SSTI has prepared the accompanying table presenting the state-by-state distribution of proposals, awards and total funding provided for the Phase I cycle.
Birmingham, Alabama
The DOEd Office of Special Education and Rehabilitative Services, National Institute on Disability and Rehabilitation Research invites applications for Fiscal Year (FY) 2002 awards under the following programs. More information is available under the July 31 announcements of the Federal Register: http://www.ed.gov/legislation/FedRegister/announcements/
One of the few new spending bills to make it through the 2001 session of the Minnesota Legislature provides $10 million in seed money for technology commercialization through a new Biomedical Innovation and Commercialization Initiative (BICI – pronounced beach-ee). The BICI appropriation is contingent upon state economic development officials securing a three-to-one private sector match.
Ohio Governor Bob Taft last week signed legislation creating the Ohio Aerospace and Defense Council to examine state and federal laws, rules, and policies that affect the two industries and associated federal installations in Ohio. Ohio is home to Wright Patterson Air Force Base, the state’s largest single-site employer, and the NASA Glen Research Center in Cleveland.
Six objectives are to be addressed by the council:
The Ben Franklin Technology Partners of Southeastern Pennsylvania has issued a Request for Proposals to develop an asset-mapping study of the nanotechnology sector in the four-state Philadelphia Consolidated Metropolitan Statistical Area.
The Rhode Island Technology Council (RITEC) is launching a benchmarking survey this week of the state’s information technology (IT) industry to determine how the council and state economic development organizations can be most effective at addressing the sector’s needs in light of the continued restructuring of the national IT industry.
Brain drains and a lack of technically skilled workers, both scientists and engineers, are commonly heard complaints of state and local tech-based economic development practitioners across the country. But are federal and state innovation policies part of the problem? Paul M. Romer, of the Graduate School of Business at Stanford University, says yes in Should the Government Subsidize Supply or Demand of in the Market for Scientists and Engineers?
Women made significant progress in the sciences over the last two decades, but gains have stalled — and in some cases eroded — in engineering and computer sciences, according to a report released Tuesday by the National Council for Research on Women (NCRW). The downturn comes despite effective new programs to increase women's participation in these fields.
With federal support for the National Institues of Health increasing substantially each year -- to the point now that NIH supports more than 50 percent of the federal basic research budget -- and some states directing millions of dollars each year into health and biotechnology research, one might stop to ask: is it worth it?
Pennsylvania Governor Tom Ridge will deliver the keynote address at Creating Opportunity: Tools for Building Tech-Based Economies, SSTI’s Fifth Annual Conference, which will be held September 19-21, 2001 at the Omni William Penn in Pittsburgh.