While legislators did not agree to all of Gov. Linda Lingle’s Innovation Initiative – including a $100 million innovation fund - some of the governor’s original concepts emerged from several other bills at the close of the 2007 legislative session last week.
In an era in which many companies maintain a web presence before their first technology hits the market, broadband access has become an essential ingredient for high-tech business and growth. In many states, however, the need for broadband access has widened the high-tech achievement gap between urban and rural areas.
Region Looks to Broadband Access and IT Usage
The Delta Regional Authority (DRA) lacks the access, awareness and affordability of broadband Internet service – a direct bearing on the region’s ability to participate successfully in the national and global economies, a new report from DRA and the Southern Growth Policies Board finds.
A continuing concern of many TBED organizations is the departure of university graduates from their communities, leaving at various stages of their lives and taking their talent and education with them. The resulting "brain drain" from this exodus leaves many states with the frustration of paying the costs to educate its citizens, but not reaping the benefits of an educated workforce.
Manufacturing firms come in all shapes and sizes. Little ones. Big ones. Ones that need more labor from their employees to assemble components. Ones that need more R&D from their employees to design products.
Last week’s release by the National Science Foundation (NSF) of the results of the 2005 survey of academic R&D expenditures reveals the nation’s investment in research through its universities and colleges rose 5.8 percent in fiscal year 2005. Academic research expenditures for FY 2005 totaled $45.75 billion.
Against the backdrop of BIO’s annual meeting, held this week in Boston, Gov. Deval Patrick unveiled a comprehensive, collaborative Massachusetts Life Science Strategy. The plan includes a 10-year, $1 billion investment package to support biomedical and stem cell research.
This year, the Florida Legislature focused a great deal of attention on TBED issues, approving and continuing its support for several tech-related programs. Though Gov. Charlie Crist's proposed $20 million investment in stem cell research did not survive the legislative session, initiatives designed to encourage other cutting-edge research, improve access to capital and attract promising companies garnered more than $400 million in the state budget.
Indiana's General Assembly adjourned for the year last week, after passing a $29 billion budget that included more than $100 million for TBED-related programs.
The 2007 Iowa state legislative session has looked very favorably on TBED. One of the centerpieces of Iowa Gov. Chet Culver’s campaign last year was his pledge to "develop the next-generation energy ecomony in Iowa" through a $100 million state fund (see the Feb. 19, 2007 issue of the SSTI Weekly Digest). The Iowa Power Fund was approved by the state’s General Assembly late last month and closely resembles Gov. Culver’s original plan.
A number of crucial TBED initiatives introduced earlier this year by North Dakota Gov. John Hoeven were recently enacted by the state legislature, including a $42 million renewable energy plan, $20 million in new funding for university-based Centers of Excellence, a 25 percent R&D tax credit, and additional investments in research and workforce development.
University administrators most commonly measure success for their technology transfer efforts by revenue generation. Public institutions, however, increasingly have state legislators, governors and local civic leaders expecting those licenses and spinoffs to occur within their political borders. Tech transfer does not always equate to regional economic development to the degree desired by policymakers.
At the 2007 SSTI annual conference, the Trent Lott National Center of Excellence for Economic Development & Entrepreneurship <http://www.trentlottcenter.com/> intends to make an award to the researcher or research team that has made the most significant impact on the field of technology-based economic development in the last five years.
The 2008 SSTI Annual Conference could come to your city!
Increase your national and international visibility by showcasing the success of your state and/or community’s tech-based economic development efforts to thousands of TBED professionals through SSTI's conference. This is your opportunity to shine in the spotlight.
Some of the host benefits include:
Galynn Beer succeeds Johnny Roy as the new chairman of the board of the Oklahoma Center for the Advancement of Science and Technology.
Jeff Brancato has been named Associate Vice President for Economic Development of University of Massachusetts.
Galynn Beer succeeds Johnny Roy as the new chairman of the board of the Oklahoma Center for the Advancement of Science and Technology.
Jeff Brancato has been named Associate Vice President for Economic Development of University of Massachusetts.
Victor Budnick, executive director of Connecticut Innovations, has announced his retirement effective April 1.
Chris Capelli, currently director of the technology transfer office at University of Pittsburgh, is leaving to become vice president for technology transfer at the M.D. Anderson Cancer Center in Houston.
The University of Cincinnati has appointed Anne Chasser to serve as associate vice president for technology transfer and commercialization in the school's Office of Research.
Ladd Christensen and Martin Frey are the new co-directors of the Utah Department of Community and Economic Development.
Oleg Kagonovich has been promoted to the position of CEO of the Sacramento Area Regional Technology Alliance. He formerly served as Chief Operating Officer.
Mike Koop, deputy commissioner of the Tennessee Department of Community & Economic Development, is resigning effective March 1 to return to the private sector.
Richard Lunak is the new CEO of Innovation Works and Ron Bianchini has been named chairman of the organization.
Envision Utah appointed Alan Matheson as executive director of the Coalition for Utah's Future, the sponsor of Envision Utah.