U.S. venture capital investments for 1998 were 24 percent higher than record levels set in 1997, according to the latest Pricewaterhouse-Coopers Money Tree Survey. Results from the survey of deals made during the fourth quarter of 1998 revealed venture capital investment for 1998 totaled $14.27 billion — $2.78 billion higher than the total posted in 1997, and 78 percent higher than 1996 totals.
The Small Business Administration (SBA), the U.S.
The Maine Science & Technology Foundation (MSTF) has released the 1998 Maine Science and Technology Report Card, a first look at the state’s performance across twenty science and technology related indicators. MSTF will use the report’s findings to develop benchmarks for the next revision of the state’s biennial strategic science and technology plan, due out this fall.
The American Society of Mechanical Engineers (ASME) has released a new paper that argues that even with maximum utilization of currently available technologies, the U.S. could not meet its carbon emission reduction obligations under the Kyoto Climate Change Protocol by 2008-2012.
The Kyoto Protocol calls for the U.S. to reduce its emissions of greenhouse gases to a level seven percent below 1990 levels.
The Department of Defense has released statistics for the 98.2 Phase I solicitation of the Small Business Innovation Research Program. The agency announced selection of 363 Phase I awards in 36 states. DOD funded 10.9 percent of the 3,339 Phase I proposals received. An accompanying table on the SSTI web site http://ssti.org/Digest/Tables/DODPhase1.htm provides the distribution of awards and proposal-to-award conversion ratios by state.
In the state that created the Ben Franklin Centers in the early 1980s - models for several states’ first forays into S&T - Governor Tom Ridge has proposed a wide range of new initiatives to promote R&D investment, technology development, and commercialization within Pennsylvania.
Seven federal labs from the Federal Laboratory Consortium’s Midwest Region - representing the Air Force, Army, Navy, Department of Energy, NASA, Department of Agriculture, and the Environmental Protection Agency (EPA) - are cooperating in an initiative to help automotive manufacturers and suppliers access the resources of the federal laboratory system.
The President’s Committee on the National Medal of Science is currently accepting nominations for the year 2000 award. Nominations and supporting information must be postmarked by May 31. The National Medal of Science recognizes individuals who have made outstanding contributions to knowledge in the fields of physical, behavioral, biological, social, mathematical, or engineering sciences. Since the Medal’s establishment in 1959, 362 scientists and engineers have been honored.
NASA Lewis Research Center, located in Ohio, has been renamed the "John H. Glenn Research Center at Lewis Field" to honor the contributions John Glenn has made in American space history.
Senators Bill Frist (R-TN) and Joe Lieberman (D-CT), Co-chairs of the Science & Technology Caucus, issued a joint statement reacting to the Clinton Administration’s FY 2000 budget request for R&D. Calling the President’s request a "mixed blessing," the senators praised the commitment to civilian R&D, while disagreeing with proposed cuts for defense research of nearly six percent.
Investment capital to develop and commercialize new technologies may soon be easier to find in Missouri. The Commerce Committee of the Missouri House of Representatives last week endorsed House Bill 753, a proposal to create a $40 million seed capital fund supported by Governor Mel Carnahan. The fund would be capitalized at $10 million each year for four years. Additionally, private investors would get a 100-percent tax credit for all money they contributed to the new seed capital fund.
U.S. House Science Committee Chairman, James Sensenbrenner (R-WI) has introduced H.R. 760, a bill to make the national research and development tax credit permanent. Ranking Minority Member George Brown (D-CA) has agreed to cosponsor the legislation.
Proponents of the bill say making the credit permanent would remove uncertainty and disincentives for companies in pursuing longer-term research projects.
The National Science Foundation has issued a call for nominations for the 1999 Presidential Awards for Excellence in Science, Mathematics and Engineering Mentoring (PAESMEM). Each award is accompanied by a $10,000 grant.
A review of State of the State speeches, inaugural addresses, and budget messages delivered by 48 governors over the last six weeks indicates a high level of interest in science and technology based economic development. Governors discussed research and development tax incentives, education, and new initiatives to encourage technology-based economic development.
The Department of Defense's Dual Use Science and Technology (DUS&T) Program, now in its fourth year of operation, is seeking participation from companies that are developing commercial technologies that could be used in military applications.
DOD has issued a Broad Agency Announcement and is seeking proposals in eight areas of technology:
Affordable Sensors
On Monday, Chicago Mayor Richard Daley announced a series of initiatives to promote technology development for the city, including an information technology incubator, formation of a Mayor’s Council of Technology Advisors, and a Civic Network to support capacity needs for Internet commerce by Chicago businesses.
The President announced his intent to nominate Dr. Joseph Bordogna as Deputy Director of the National Science Foundation (NSF). Dr. Bordogna has served as Acting Deputy Director and Chief Operating Officer of the National Science Foundation since 1996. For the four years prior to this service, he was the Assistant Director for Engineering at the National Science Foundation.
The Clinton Administration FY2000 budget proposal, submitted to Congress on Monday, calls for a 2.5% increase in civilian R&D spending. Total R&D spending, however, would decline by 1.3% to $78.24 billion, due to a proposed 5.8% drop in defense-related R&D. For comparison, the Consumer Price Index for last year was approximately 1.6%.
Representative George Brown, Jr.
The accompanying table on the SSTI website http://www.ssti.org/Digest/Tables/NSFfy98_SBIR1.htm presents the results of the 1998 SBIR Phase I competition held by the National Science Foundation in rank order by total dollars awards in each state. The award figures were compiled from the NSF Fast Lane website. (There were no Phase I awards reported within the 13 states omitted from the table.
The Engineering Workforce Commission (EWC) of the American Association of Engineering Societies (AAES) has released its latest survey on engineering degrees, which reveals that the number of students receiving bachelor’s of science degrees in engineering in the United States has fallen to a 17-year low.
The Technology Administration of the Department of Commerce has announced the selection of seven awards under the first round of funding for the Experimental Program to Stimulate Competitive Technology (EPSCoT). Matching grants, totaling $1.6 million, will be made to the following seven lead organizations and their partners:
Last Friday, President Clinton announced his intent to nominate Dr. Cheryl L. Shavers as Under Secretary for Technology at the Department of Commerce. Dr. Shavers is currently a senior manager at Intel Corporation and has more than 20 years of experience within the technology industry, holding various engineering and managerial positions at several Fortune 500 companies such as Motorola, Varian Associates, and Hewlett-Packard. She has a B.S. degree in Chemistry and a Ph.D.
The Alaska Science and Technology Foundation (ASTF) seeks a Group Projects Administrator to work with industry on R&D projects to benefit the Alaska economy and to track project results. The position requires training and experience in project management with sufficient technical and/or business background to work productively with scientists or engineers to identify economically feasible projects.