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Evan Barrett was named chief business officer of The Governor's Office of Economic Opportunity in Montana.

Using one-time lottery surplus funds available for fiscal year 2008, Gov. Joe Manchin wants to invest $80 million in world-class research and specialized job training to propel the state toward a knowledge-based economy. The proposal was unveiled to lawmakers during Gov. Manchin’s State-of-the-State Address last week in conjunction with the fiscal year 2009 budget recommendation.

In his recent combined State of the State and budget address on March 7, Illinois Gov. Rod Blagojevich proposed the formation of the Illinois Community Assets Fund (ICAF), a $100 million venture designed to increase access to capital and financing to economically distressed communities and populations that have had inadequate access to mainstream capital markets within the state. The assets of ICAF would be contained within the State Treasury, and the Illinois Department of Commerce and Economic Opportunity (DCEO) would administer the fund.

The American science and technology workforce is undergoing a major demographic shift. A report issued last week by the National Science Foundation shows that more women are participating in university science and engineering (S&E) programs than ever before. The biannual NSF report, entitled Women, Minorities, and Persons With Disabilities in Science and Engineering, provides a broad overview of demographic trends within university S&E programs. In 2007, the report's overriding theme is that although U.S.

The following recently became SSTI affiliates or supporters:

Gov. Phil Bredesen’s budget proposal for 2007-2008 includes more than $100 million in new funding for several new education and high-tech development initiatives and a strategy to spur the state’s alternative fuels industry.

 

The U.S. needs to increase the number of people receiving a bachelor’s or associate degree by 37 percent over current attainment levels if it desires to have 55 percent of the adult population with a college degree by the year 2025, Jobs for the Future reports. In Hitting Home: Quality, Cost, and Access Challenges Confronting Higher Education Today, the nonprofit organization predicts 55 percent will be the level of degree attainment for some of the top performing OECD countries in 2025. To remain competitive, the U.S. must use this figure as a target.

 

Michelle Bauer, executive director of the Tampa Bay Technology Forum, announced she will resign from her position in early 2005.

Michelle Bauer, executive director of the Tampa Bay Technology Forum, announced she will resign from her position in early 2005.

Jeff Edwards recently was named interim president and CEO of the Economic Development Corp. of Utah (EDCU). Edwards replaces Christopher Roybal, who will serve as the senior adviser for economic development for Gov. Jon Huntsman Jr., starting next year.

David Gibson, chief business officer of The Governor's Office of Economic Opportunity in Montana, has accepted a new position as associate commissioner for economic development. Beginning Jan. 3, Gibson will serve under Commissioner of Higher Education Sheila Stearns.

Dr. John Reed, president and CEO of The Burnham Institute, was appointed to the Independent Citizen's Oversight Committee that will govern the California Institute for Regenerative Medicine created last month.

Patrick Tam resigned last month as executive director of the Spokane Intercollegiate Research and Technology Institute.

Chief Executive Officer

Oklahoma Center for the Advancement of Science and Technology

It won’t come to any surprise to Digest readers that there’s a connection between universities and economic prosperity. In addition to educating students and advancing science and technological innovation, the localized economic impact of institutions, alone, provides a buffer to economic swings for many mid-sized and smaller cities and college towns. How best to incorporate universities into regional tech-based economic development strategies without compromising core missions is an art not every community has mastered.

According to the latest stats on venture capital investments, half of all U.S. VC investment during the last quarter of 2006 supported companies in two small areas of the country: Silicon Valley and New England (primarily the Boston metro area). With the exception of only a handful of other large metro areas and, since the origin of the modern venture capital industry some 25 years ago, most other cities have struggled to attract the attention of venture capitalists.

It is the opening day of AUTM’s 2007 annual conference in San Francisco, the largest gathering ever of individuals from around the world interested in university technology transfer.

A gala held last weekend at Google headquarters in California officially kicked off a $50 million fundraising campaign for the X Prize Foundation, which provides funds for the development of new prizes. The prizes are designed to support breakthroughs for specific challenges in medicine, energy production and consumption, education, and transportation.

Over the last 10 years, the State of Maine has invested more than $296 million into R&D – an impressive figure for a state with an average population over the decade of just over 1.3 million people. In approving a mid-decade injection of funds, the state’s legislature skeptically or wisely asked the executive branch to periodically conduct independent assessments of whether or not the investment is worthwhile.

The Association of University Technology Managers (AUTM) recently released the results of its fiscal year 2005 licensing survey. The survey, conducted annually by the nonprofit AUTM, provides quantitative information about licensing activities at U.S. and Canada universities, hospitals and research institutions. This year's format is slightly different, however. The 15th annual survey presents data accompanied by success stories and allows respondents to remain anonymous.

It is the nation’s first Entrepreneurship Week, with many events, workshops and contests taking place across the country to encourage more people to consider becoming entrepreneurs. A complete list of activities is available at www.entrepreneurshipweekusa.com. With this issue, SSTI honors America’s tech entrepreneurs – and the state and local TBED efforts designed to ensure more of these firms succeed!