In an effort to streamline economic development strategies and market the state as a globally competitive place to pursue new business ventures, Arizona Gov. Janet Napolitano recently announced the creation of a new model for economic development last month.
The federal government made obligations of $25 billion in R&D to colleges and universities in fiscal year 2005 - a 4.8 percent increase from the FY 2004 total of $23.8 billion, according to new National Science Foundation (NSF) data. In its report, Federal Science and Engineering Support to Universities, Colleges, and Nonprofit Institutions: Fiscal Year 2005, NSF details all categories of direct federal science and engineering support to institutions of higher education in the U.S.
Nearly four months into the current fiscal year, Wisconsin Gov. Jim Doyle signed into law the biennial 2007-09 budget last week, investing in renewable energy, university R&D and expanding tax credits to attract angel and venture capital investment.
Earlier this month, Oregon’s University Venture Development Fund began operations, which will allow the state’s taxpayers to receive a 60 percent income tax credit on contributions that will be applied toward commercialization and entrepreneurial programs at Oregon’s eight public universities. Authorized by the state legislature, the fund will enable $14 million to be provided to the universities in aggregate, with each institution’s allocation formulated by its annual income from research grants and contracts.
Many Digest stories in recent years have described the actions of states and regions to build a stronger educational foundation in the science, technology, engineering, and mathematics (STEM) fields. The National Science Board (NSB), the policy-making body of the National Science Foundation, released its recommendations to improve the ability of all American students to receive the necessary skills and knowledge to successfully participate in the workforce of the future.
While discussions of successful university technology transfer programs tend to revolve around a select set of high-achieving institutions, a number of less-recognized institutions are now being proposed as national models for their approaches to entrepreneurial support and regional outreach.
The U.S. venture and angel markets appear to have fully recovered from their slump earlier this decade. Pricewaterhouse Coopers' Moneytree Survey reports that as of the third quarter, 2007 is on track to become the most active year for venture investment since 2001. Three years after hitting a tech bust low of just under $20 billion in 2003, venture firms investment surpassed $26 billion last year. Venture fundraising has been even stronger, as funds recovered from a low of less than $5 billion in 2001 to more than $30 billion in 2006.
Southern Growth Policies Board recently announced the launch of two new, searchable web-based tools and the redesign of its website.
Linda Fettig was named director of the Nebraska Rural Development Commission.
Kathie Olsen, nominated by the president and confirmed by the Senate, is the new deputy director of the National Science Foundation.
Linda Fettig was named director of the Nebraska Rural Development Commission.
Kathie Olsen, nominated by the president and confirmed by the Senate, is the new deputy director of the National Science Foundation.
The San Antonio Technology Accelerator Initiative (SATAI) announced that James Poage is SATAI's new president and CEO. Poage replaces Randy Goldsmith, who continues as a director.
As part of SSTI's 11th Annual Conference, recipients of the first annual SSTI Excellence in TBED Awards were honored for their participation in a national competition showcasing best practices in approaches to building tech-based economies.
Designed to celebrate exceptional achievement in addressing the elements that have been found in successful technology-based economies, the awards program recognizes efforts to improve state and regional economies through science, technology and innovation.
On the heels of our successful 2007 annual conference, held last week in Baltimore, SSTI is pleased to announce that Cleveland will be the location for our 12th annual conference. The nation’s premier event for sharing ideas on the best ways to encourage technology-based economic development and foster regional prosperity in a global economy will be held at the InterContinental Hotel in Cleveland, Oct. 14-16, 2008.
For more information on the positions below, visit SSTI's online Job Corner at http://www.ssti.org/posting.htm.
If one of the keys to competing in a flat or flattening world is better integration of universities into the economic system, then one of the best ways to measure success is to examine industry's share of academic R&D expenditures.
Announced last week, Ivy Tech Community College will receive a $3.18 million grant for training individuals from a 14-county region in North Central Indiana in science, technology, engineering, and math (STEM) fields. The grant, a component of the $15 million Indiana Workforce Innovation in Regional Economic Development (WIRED) initiative funded by the U.S. Department of Labor, will establish the New Pathways to STEM-based Careers program. The New Pathways program will be concentrated into three distinct areas:
Thank you! Interest in SSTI's 11th annual conference has been extremely high since the agenda was released during the summer, and, as we expected and warned, SSTI will not be able to accommodate walk-in registrations on the day of the event. We apologize for the inconvenience and the missed opportunity this creates for a number of Digest readers.
Washington State is attempting to replicate the success of North Carolina’s Research Triangle in promoting regionalism and industry clusters through a new Innovation Partnership Zones initiative.
The angel market may be showing the first signs of leveling off following four years of moderate sustained growth. Angel investment in U.S. companies fell 6 percent in the first two quarters of 2007, according to the University of New Hampshire's Center for Venture Research (CVR).
The National Governors Association (NGA) Center for Best Practices has selected seven states to participate in a year-long policy academy named State Strategies for Promoting Innovative Clusters and Regional Economies. Teams from the seven states – Georgia, Illinois, Iowa, Kentucky, Maryland, Oregon and West Virginia – will collaborate with staff from the NGA to create action plans for improving each state’s competitiveness and economy through cluster development.
For more information on the positions below, visit SSTI's online Job Corner at http://www.ssti.org/posting.htm.
Automation Alley has named Thomas Anderson as president of the Automation Alley Education & Research Institute. Mr. Anderson also is director of the consortium's Technology Center.
Automation Alley has named Thomas Anderson as president of the Automation Alley Education & Research Institute. Mr. Anderson also is director of the consortium's Technology Center.
President Bush has nominated Santanu Baruah to be Assistant Secretary for Economic Development for the U.S. Department of Commerce. Mr. Baruah's responsibilities include oversight of the Economic Development Administration.