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A new report prepared for the U.S. Economic Development Administration aims to provide public officials, development practitioners and researchers with a greater understanding of the relationship between the creation and commercialization of technologies and regional economic development. Technology Transfer and Commercialization: Their Role in Economic Development begins by outlining the causes and effects of the restructuring of the U.S. economy that necessitates technology-focused development strategies.

The SSTI Weekly Digest will resume publication on January 9. We hope all our readers have a safe, prosperous, and happy 2004.

The Ewing Marion Kauffman Foundation awarded on Monday $25 million in grants to eight U.S. universities that pledged to make entrepreneurship education available across campus. The selected universities, shown with their award amounts, are:

A collaborative agreement formed Tuesday between AT&T and the Southeastern Universities Research Association (SURA) is expected to speed the creation of regional and national grid services. SURA, a nonprofit organization, is comprised of more than 60 leading research institutions in the southern U.S. and the District of Columbia.

New grants totaling more than $28.5 million will help foster the development of new products and markets for agriculturally based products, the U.S. Department of Agriculture (USDA) announced last week. In all, 184 value-added agricultural product market development grants were distributed across 40 states.

A new energy initiative in West Virginia, Energy Village, aims to help grow the state's small and start-up energy and environmental technology businesses. Gov. Bob Wise announced $125,000 in funding for the initiative on Monday.

To promote biotech in Baton Rouge, a new study sponsored by Capital Region Competitive Strategy (CapStrategy) recommends constructing an "idea pipeline" to better commercialize the intellectual property and research generated in the region's universities, hospitals and research institutes. CapStrategy, a nonprofit, cluster-based economic development initiative, operates under the Chamber of Greater Baton Rouge and represents nine parishes in the region.

Building on the his first economic plan, Vermont Governor James Douglas has announced a second set of proposals to retain and create jobs in the state. The governor's eight-page Creating Jobs for the 21st Century embodies several tech-based economic development elements within the four primary goals outlined below. Some of the highlights include:

The high tech economy of Massachusetts is emerging from the recent recession with its fundamental strengths in science, technology and entrepreneurship in good shape, according to the Executive Index of the Massachusetts Innovation Economy. Significant innovation in the state’s industries, however, is necessary to make up for the jobs lost since 2000, the index states.

The promise of high-wage jobs, increased business competitiveness and wealth creation makes the commercialization of university research a central element in the technology-based economic development strategies of many states, provinces and regions of North America.

A recent survey of 343,336 of the nation's fourth and eighth graders indicates more students are performing better in mathematics, according to the National Center for Education Statistics (NCES). In the math portion of NCES' National Assessment of Educational Progress (NAEP), large gains were shown among the lowest 10 percent of fourth grade students and most of the lower-scoring eighth grade students since the study was last conducted in 2000.

Nothing in the performance of the residential broadband market suggests that federal subsidies or other government intervention will enhance the market from the perspective of economic efficiency, concludes the Congressional Budget Office (CBO) in a new report, Does the Residential Broadband Market Need Fixing? CBO prepared the report for the Senate Budget Committee, reviewing recent trends in the market for residential fast Internet access to determine whether there are impediments to the market's growth.

Alaska Technology Councils To Merge

The National Association of State Universities and Land Grant Colleges elected University of Georgia president Michael Adams as chairman of its council of presidents.

The National Association of State Universities and Land Grant Colleges elected University of Georgia president Michael Adams as chairman of its council of presidents.

Lizabeth Ardisana was elected Chairperson of the Michigan Hispanic Chamber of Commerce, becoming the first woman to hold the position in the state.

Sonya Buckner has resigned her position as director of the small business incubator for the Montgomery Area Chamber of Commerce to become vice president of special projects for the Oklahoma Chamber of Commerce. Douglas Jones will assume leadership of the Montgomery Incubator.

The Chicago based Committee of 200, an organization of leading women in business, has named Diane Graham as its new chair.

The University of Minnesota Duluth Center for Economic Development has named Elaine Hansen as its new permanent director.

The winners of the Siemens Westinghouse/AAAS Competition for the Best Teen Scientists and Mathematicians of the Year were announced this week: 17-year-old Yin Li of New York City was the individual grand prize winner for his project "Characterizing the Prion Properties of a Translational Regulator Expressed in Mouse Brain." Brothers Mark and Jeffrey Scheider, 18 and 16, respectively, of South Windsor, Conn., won the grand prize in the team category for the "Simulation of the West Nile Virus u

Ken Olsen will become the new executive director of the Palouse Economic Development Council in Washington State.

Tom Wallace has stepped down as president of the Tampa Bay Technology Forum.

The third installment to Walkin' the Tech Talkin' Gov Walk (see the April 17 and May 8 issues of the Digest) covers the outcomes of the 2006 legislative sessions for two states, Illinois and Wisconsin.

With assets totalling more than $15 billion, the Indiana Public Employees Retirement Fund (PERF) has decided to place $100 million into higher-risk equity placements through its first Indiana Investment Fund. The fund will exclusively target venture capital deals within Indiana, according to the PERF news release. Like pension funds in many states, PERF has a requirement to place a certain percentage of its assets in private equity. The PERF goal is 5 percent and includes real estate deals as well.

The opportunity for innovation and the need for angel capital are not limited to the major metropolitan areas and large research universities, as the board of trustees for Taylor University and leaders of the Grant County Economic Growth Council in rural Indiana will attest. The east-central Indiana county is home to just over 70,500 residents and, soon, two angel funds.