The Administration's FY 2006 budget request for the National Science Foundation (NSF) is $5.605 billion, a 2.4 percent increase above the FY05 appropriation level, but is still lower than the agency's FY04 appropriation of $5.652 billion.
There are three federally established regional commissions and authorities that are dedicated to improving the economic opportunities within specific geographic regions. Two - the Appalachian Regional Commission and the Delta Regional Authority - are dependent on annual appropriations and are looking at reductions in FY 2006. The Tennessee Valley Authority, the oldest and largest of the three, generates its budget primarily through power generation revenues.
The Administration's $593 million FY 2006 request for the Small Business Administration (SBA) represents a 3 percent decrease from the FY 2005 appropriation. Funding levels for selected activities identified as "core programs" in the agency's press release include:
The first four installments of SSTI's annual look at how TBED will play in the 2005 legislative priorities of the governors can be found in the Digest archives on our website: http://www.ssti.org/Digest/digest.htm
Kentucky
Gov. Christine Gregoire announced the first stages of her economic development program last Wednesday, highlighted by a proposal to inject $35 million annually starting in 2008 for the next 10 years into life sciences research at the state's universities. Gov. Gregoire also requested legislation be introduced this week that would facilitate the transfer of technology from research institutions to the private sector.
The nation's most significant source of funding for life science research, the National Institutes of Health, announced two sweeping changes last week that could dramatically alter biotechnology commercialization. The first policy change addresses known and potential conflicts of interest by NIH employees, while the second encourages all NIH-funded research to be released publicly within 12 months of final publication.
The latest email from the Reseau Innovation Network's Innovation Newsletter out of Canada and the D.C.-based Public Forum Institute's National Dialogue on Entrepreneurship called to SSTI's attention two websites with online access to more than 60 academic research papers of potential interest and importance to those interested in encouraging economic growth through
In January, Rhode Island's Tech Collective announced the creation of BioGroup, a subsidiary to focus on the needs of the state's life science industry. The new organization will serve as the state affiliate to the Biotechnology Industry Organization (BIO).
By the end of the week, SSTI will be sending Digest subscribers our ninth annual review of the president's federal budget proposal. We will highlight dozens of science and technology programs and initiatives of interest to our readers. Early indications are the 2006 request, released this afternoon, if enacted would result in significant changes for nearly every program of importance for the tech-based economic development (TBED) community.
The first three installments of SSTI's annual look at how TBED will play in the 2005 legislative priorities of the governors can be found in the Digest archives on our website: http://www.ssti.org/Digest/digest.htm
Hawaii
If the success of its funded companies is revealing, the Maine Technology Institute (MTI) has done well to spur innovative activity in Maine, suggests an independent analysis recently released in the state.
Is Pennsylvania getting enough bang -- or the right bang -- from its investments in promoting a tech-based economy? The state has been one of the nation's leading public investors in technology-based economic development (TBED) for more than 20 years. Programs have evolved and been added over the years as factors affecting innovation and private sector growth changed. The result is now Pennsylvania's researchers and entrepreneurs have a complex portfolio of public-private resources available to them.
Goal is improved service delivery, advocacy for tech community
To produce a more focused and effective effort in the areas of commercialization and advocacy, the Illinois Coalition has divided into two separate public-private organizations.
The Kauffman Foundation recently launched "Giving Back to Entrepreneurship," a website dedicated to informing entrepreneurs how they can use their energy and creativity to support their communities and help jumpstart the next generation of entrepreneurs.
As a percentage, Silicon Valley has lost more jobs over the past four years than any U.S. metropolitan area since 1939, but evidence shows the region is stabilizing with a return to levels reminiscent of the late 1990s. Funding for venture capital is up, per capita income is increasing, and research and development funding has reached new highs. Yet, the region's most striking feature of late is, perhaps, the way it is growing, according to the 2005 Index of Silicon Valley.
Editor's Note: Last week's issue of the Digest included a Recent Research item, Are Leading Firms Team Players? that drew an animated reaction from a reader whose opinion SSTI holds in great respect because of his contributions to improving the understanding and delivery of technology-based economic development initiatives. As a result, Dr.
Gov. John Huntsman, Jr. named Jack Brittain, dean of the University of Utah Business School, vice president in charge of the new Office of Technology Ventures. Brittain, dubbed the "innovation czar," will continue to lead the business school in addition to his new position.
Just as several states have announced projected budget shortfalls, at least three governors have revealed stable fiscal conditions for the coming year with proposed funding to support new and expanded education and research initiatives.
South Dakota
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.
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.
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.
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.
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!
Complete descriptions of these opportunities and others are available at http://www.ssti.org/posting.htm.
Delaware Economic Development Office announced Ken Anderson as its new director of entrepreneurial and small business development.