Companies seeking venture capital investments through the Great Midwest Venture Capital Conference have until August 25 to apply for consideration. The conference, this year taking place October 30-31 in Knoxville, Tennessee, annually draws around 200 investors and other financial professionals. The tenth annual event is organized by the Indiana Business Modernization and Technology Corporation and Technology 2020, located in Oak Ridge, Tennessee. 

The National Institutes of Health, the Departments of Energy, and the Navy have announced a total of 46 inventions available for license. The invention titles, descriptions, and contact information is provided on the following SSTI web page: http://www.ssti.org/Digest/Tables/081800t.htm 

With significant emphasis on academic research and commercialization, the New York Office of Science, Technology, and Academic Research (NYSTAR) has provided Governor George Pataki its first strategic plan. The $130 million NYSTAR, which absorbed the functions of the NY State Science and Technology Foundation, was formed in 1999 as a result of the state’s Jobs 2000 legislation (see the 12/3/99 issue of the SSTI Weekly Digest). 

The next U.S. supercomputing system operating at speeds well beyond a trillion calculations per second will reside at the Pittsburgh Supercomputing Center (PSC) through an expected $45-million award from the National Science Foundation (NSF). Last week, the National Science Board (NSB), NSF's governing body, authorized the three-year award following a national competition. Pending negotiations between NSF and PSC, the Terascale Computing System (TCS) would begin operation in February 2001, reaching peak performance by the end of that year. 

Ten multi-state consortia have been selected to receive funding from the U.S. Department of Education through the FY 2000 competition of the Eisenhower Regional Mathematics and Science Education Consortia Program. Each consortia will receive $1.47 million in the first year and $1.475 million annually for years 2-5 of the award. 

The Department of Energy has posted its selections for Phase I and Phase II awards under the FY 2000 competition of the agency’s Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Program. SSTI has been unable to obtain proposal statistics from DOE. Lists of the SBIR Phase I and Phase II awards can be found at: http://sbir.er.doe.gov/sbir/  and the STTR award lists are located at: http://sttr.er.doe.gov/sttr/  

Two-thirds of all U.S. research and development (R&D) expenditures in 1997 were concentrated in just ten states according to a July 10, 2000 Data Brief from the National Science Foundation. In contrast the 20 lowest ranking states in R&D expenditures accounted for only four percent of the $199 billion total. 

Increased cooperation among the private sector, federal and state governments, education, and the nonprofit community will be critical for sustaining our current economic boom, according to the National Coalition for Advanced Manufacturing (NACFAM), in its recent white paper, Smart Prosperity: An Agenda for Enhancing Productivity Growth. The plan is the culmination of the 20-month Advanced Manufacturing Leadership Forum, organized by NACFAM to provide strategic guidance and direction for policy development efforts. 

The Appalachian Regional Commission (ARC) has released a new report on the growing importance of development venture capital funds in attracting more private capital investment into the Appalachian Region. Co-sponsored by the Federal Deposit Insurance Corporation, the Federal Housing Finance Board, the Federal Reserve Bank of Cleveland, and the Federal Reserve Bank of Richmond, the report outlines the need for development venture capital funds in rural and distressed communities, and presents several specific investment opportunities within Appalachia. 

The key for converting a community or region into the next high-tech hot-spot is an economic development strategy promoting the growth of fast-growing, high-risk companies and a strong networking culture, according to Building Companies, Building Communities, the latest report from the National Commission on Entrepreneurship. The brief report presents the findings of 18 focus groups held with more than 250 entrepreneurs across the country to discuss two topics: "what factors, other than their own business acumen, help them to succeed, and what factors make a community entrepreneurial?" 

The American Association for the Advancement of Science (AAAS) has issued a special update to its 1997 study of the impacts of federal R&D on the New England states. The report is one of several AAAS has done examining the impacts of federal research investments on states and regions; others include the Midwest (Aug 96), the Pacific Northwest (Feb 97), the South Atlantic (Sep 97) and the Gulf States (April 1999). The latest includes state-level data on R&D, highlights of New England R&D, and several data tables. All eleven of the state and regional reports can be found at: http://www.aaas.org/spp/dspp/rd/states.htm 

After a frustrating week for many, the SSTI web site is back on line. We apologize for the problems with the site and email while we transitioned to a new web host. We've updated the conference web center (see related below), calendar of events, job postings and Digest archives for you. Please let us know (skinner@ssti.org) if you experience any problems (images or pages missing, bad links, etc.) 

Reservations for Beyond the Hype: Tools for Building Tech-based Economies and limited-seating, pre-conference workshops started coming in only hours after we posted the date (October 3-4), price (extremely reasonable) and location (Chicago) on our web site. We’re glad to see so many of you are as excited about this year’s conference as we are. 

The “New E-Conomy Transformation Act of 2000," legislation introduced in the District of Columbia (DC) Council, contains eleven incentives designed to help transform the DC economy. Councilmember David A Catania and the New E-conomy Advisory Group comprised of seven business leaders, developed the incentives targeted at companies engaged in e-commerce, Internet-based businesses, information technology, and other sectors of the New Economy. The Advisory Group identified barriers to locating in the District such as workforce development, affordable facilities and then crafted incentives designed to help businesses overcome them. 

Academic Indirect Cost Rates 


Paying for University Research Facilities and Administration, a report released this week by the RAND Science & Technology Policy Institute, finds universities are already paying a significant share of the costs associated with their research partnership with the federal government. Pressures to increase that cost-sharing could lead to a slowdown in investment on research and research infrastructure and, potentially, to a decline in the partnership's contributions to health, education, defense, science and other vital research areas, according to the report's authors, Charles A. Goldman and T. Williams, with David M. Adamson and Kathy Rosenblatt. 

The Air Force Research Laboratory (AFRL), Sensors Directorate, Electromagnetics Technology Division (AFRL/SNH) at Hanscom AFB is soliciting proposals for basic research to advance the state-of-the-art and scientific knowledge in electromagnetics technology. The Technical Areas are: (a) Antenna Technology, (b) Electromagnetic Scattering from Targets and Terrain, (c) Optronics Components and Algorithms, (d) Image Exploitation of Infrared Cameras; and (e) Intrusion Detection. Proposals may be submitted any time through September 30, 2001. For detailed descriptions of these areas, email: zachary.white@hanscom.af.mil  Additional research and business opportunities with the Electronic Systems Command can be found at: http://www.herbb.hanscom.af.mil/rfp.asp 

The National Science Teachers Association (NSTA) and its sponsors have more than $1 million available through several programs to support and recognize science students and teachers. Applications are currently available for the following programs: 

Norman Y. Mineta has been confirmed by the Senate and sworn in as Secretary for the U.S. Department of Commerce. 

Norman Y. Mineta has been confirmed by the Senate and sworn in as Secretary for the U.S. Department of Commerce.

Gary Bachula has joined Internet2 as Vice President for External Relations where he will focus on strengthening and enhancing relationships with government and not-for-profit organizations working to advance Internet technology. 

Joel Bauman, Senior Policy Analyst with the Southern Technology Council, is leaving to attend the University of Texas - Austin. Joel has been a great resource for SSTI over the past few years and we wish him success in business school

While many state legislatures are in recess, the federal fiscal year draws to a close (resulting in few new R&D funding opportunities to report), and SSTI staff focus more activities on our 4th Annual conference -- Beyond the Hype: Tools for Building Tech-based Economies, the SSTI Weekly Digest will go to a biweekly schedule during the month of August. As a result, the next two issues will be released on August 11 and August 25. We apologize for any inconvenience this may present. Weekly publication will resume in September. 





More information on Beyond the Hype, including a registration form, can be found on our web site: http://www.ssti.org/Conf00/conf--00.htm 

Wednesday evening, the bill to reauthorize the Small Business Innovation Research (SBIR) program until the end of FY 2008 passed the full Senate by unanimous consent. The Senate version of H.R. 2392 varies greatly from the original bill passed by the House of Representatives last fall; however, months of negotiations between the House and Senate have reconciled the differences with the intent of expediting House passage of the modified bill before the SBIR program sunsets September 30, 2000. 

A series of legislative recommendations to expand the "winners' circle" of the New Economy has been released by the Progressive Policy Institute’s (PPI) New Economy Task Force. 

Concerned that it currently lacks the “critical mass” required to be a leader in biotechnology, the Michigan Economic Development Corporation (MEDC) has prepared the Michigan Life Sciences Strategy, which outlines a plan to develop its universities, industries, and infrastructure to nurture biotechnology entrepreneurship over the next decade.