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Two independent surveys of venture capital investments made during the third quarter of FY 2002 suggest the downward trends in the flow of money and number of VC placements will continue.

Competition Canceled in Florida

Employing more than two million workers in 2001 with an annual average wage of $47,700, the U.S. civil and commercial aerospace and aviation industry has a major economic and employment impact at the national, state and local levels in all 50 states, according to a report by the Commission on the Future of the U.S. Aerospace Industry. The industry also is a substantial force in civil, military, and space manufacturing and operations in nearly half of the nation's states, the report stated.

Note: With this issue, the SSTI Weekly Digest is launching a new occasional "Programs with Results" series — articles profiling a variety of technology-based economic development programs that have been around many years and are yielding positive results. Our goal is to help answer the question "What Appears to Work?" with models that potentially could be duplicated in other states, regions or communities.

Many states have made substantial strides in preparing students for college-level education, but widespread gains in the proportion of Americans going to college have not been made, according to Measuring Up 2002, a report released by the independent, nonprofit, nonpartisan National Center for Public Policy and Higher Education. The report finds that overall college opportunity in America also is at a standstill, remaining unevenly and unfairly distributed.

The federal laboratories and research facilities associated with nine federal agencies can serve as a treasure chest of technologies for commercialization, according to Intellectual Property: Federal Agency Efforts in Transferring and Reporting New Technology (GAO-03-47). The recent report by the General Accounting Office (GAO) discloses that in fiscal year 2001, nine federal agencies created 3,676 new inventions, issued 1,585 patents and received $74.5 million in licensing revenues.

In an era of tight public budgets, sources of seed funding for early stage and developmental research projects with potential for commercialization is getting harder to come by. Many state initiatives to support these endeavors are subject to the same budget cuts as other areas, and small firms' interests in the federal Small Business Innovation Research (SBIR) program are increasing pressure for these already competitive grants.

The National Science Foundation (NSF) has announced it intends to have almost $200,000 in fiscal year 2003 funds for new awards under the Presidential Awards for Excellence in Science, Mathematics and Engineering Mentoring (PAESMEM) Program. Nominations to honor individuals and institutions are invited for the 2003 competition of these annual awards.

Each year, the U.S. Department of Transportation's Small Business Innovation Research (SBIR) Program is one of the most competitive for companies seeking federal research funding. The FY 2002 Phase I solicitation proved to be no different as the agency made only 12 award recommendations from the pool of 202 proposals submitted — an award percentage of only 5.94 percent.

Bill Richardson, Governor-elect of New Mexico, has named Rick Homans as secretary of the state's Economic Development Department.

Fritz Bittenbender will become president of the Pennsylvania Biotechnology Association in December.

Bill Richardson, Governor-elect of New Mexico, has named Rick Homans as secretary of the state's Economic Development Department.

Fritz Bittenbender will become president of the Pennsylvania Biotechnology Association in December.

The New Hampshire High Technology Council has announced Paul Houle is the new president and chief executive officer and Mary Collins will serve as executive vice president and chief operating officer.

Gary Mahn, director of the Idaho Department of Commerce, has announced he will resign from the position at the end of the year.

Pam McDonough, director of the Department of Commerce and Community Affairs for the past four years, has been appointed to the Illinois Labor Relations Board by outgoing Governor George Ryan. Joseph Hannon will serve as the department's director for the remainder of Ryan's term, which ends in January.

Carla Patterson is the new director of the Nebraska Manufacturing Extension Partnership.

Cian Robinson, executive director of Infotech Niagara, has left the position to consult privately.

Carolyn Stark is the new director of the Austin Technology Council, filling the position vacated by Paul Toprac.

Lara L. Vande Walle is the new president of the Washington DC Technology Council (DC Tech).

The U.S. can watch as another country significantly expands its investments in innovation. This time it's France, as newly appointed Prime Minister Dominique de Villepin last month announced that the national government will double its funding from €500 million to €1 billion for the Industrial Innovation Agency (IIA), and give €350 million to the National Research Agency (ANR).

Just over two months ago, Acting Gov. Richard Codey announced budget shortfalls were delaying the state's $380 million stem cell research initiative (see the April 25 issue of the Digest).

In its third special session of the year, Mississippi legislators passed House Bill 3, an economic development package of grants and loans for high-tech and existing industry, including Gov. Barbour’s Momentum Mississippi Initiative.

Within days of taking office in January, Utah Gov. Jon Huntsman Jr. dismantled the Department of Community and Economic Development and promised to make significant changes to how Utah approaches wealth generation and economic growth.

The latest Fiscal Survey of States reveals that many states still face tough budget challenges, despite the fact that extreme revenue shortfalls of the past have subsided. The survey, which measures the fiscal health of states, is conducted semi-annually by the National Association of State Budget Officers (NASBO) and the National Governors Association (NGA).

Research continues to point to universities and public research organizations as the engines of innovation. But how does one build bridges between academics and industry that result in formal research agreements and specific problem-solving approaches? Two French studies suggest academic research with links to industry and across disciplines enhance the transfer of knowledge, focusing on directly applicable outcomes.