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People

Monday, March 20, 2006

Rob Atkinson resigned from the Progressive Policy Institute to become president of the Information Technology and Innovation Foundation, a new think tank.

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People

Monday, March 20, 2006

Richard Bendis, an SSTI Board member, is leaving his position as president and CEO of Innovation Philadelphia to become president and CEO of True Product ID, Inc..

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People

Monday, March 20, 2006

The Pennsylvania NanoMaterials Commercialization Center selected Alan Brown as its executive director.

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People

Monday, March 20, 2006

Anne Conroy was named president of the Dutchess County Economic Development Corp., a nonprofit agency in New York.

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People

Monday, March 20, 2006

Kansas Technology Enterprise Corp. named Trish Costello as its newest Entrepreneur in Residence.

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People

Monday, March 20, 2006

The U.S. Senate confirmed Robert Cresanti as the Department of Commerce's undersecretary for technology, succeeding Phil Bond as head of the Technology Administration.

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People

Monday, March 20, 2006

Krisztina Holly was named executive director of the University of Southern California's Mark and Mary Stevens Institute for Technology Entrepreneurship and Commercialization.

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People

Monday, March 20, 2006

President Bush selected Idaho Gov. Dirk Kempthorne to replace Gale Norton as secretary of the Department of Interior.

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People

Monday, March 20, 2006

Thad LeVar was appointed deputy director of the Utah Department of Commerce. LeVar replaces Jason Perry, who was named director of the Utah Governor's Office of Economic Development (GOED). Richard Bradford, the former director of GOED, retired from state government after 13 years of service.

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People

Monday, March 20, 2006

Georgia Gov. Sonny Perdue appointed Debra Lyons to lead the newly created Office of Workforce Development.

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People

Monday, March 20, 2006

Anthony Martoccia was appointed associate deputy administrator for the U.S. Small Business Administration's Office of Government Contracting and Business Development.

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People

Monday, March 20, 2006

Sally Stroup, assistant secretary for postsecondary education for the U.S. Department of Education, is stepping down to pursue other interests.

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People

Monday, March 20, 2006

The Ohio Business Alliance for Higher Education and the Economy named Reginald Wilkinson to serve as its executive director.

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Global Innovation Race Tightening, EU Finds

Wednesday, March 5, 2008

The innovation gap between Europe and the U.S. is shrinking by several measures, according to the latest benchmarking study from the European Union (EU). The size of the gap remains significant, however, due in part to factors such as an increasing public R&D intensity in the U.S. and a decreasing public R&D intensity in the EU.

 

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Chinese Venture Capital Investment Grows in 2007, But Not in High-Tech Industries

Wednesday, March 5, 2008

Venture capitalists invested almost $2.5 billion in China in 2007, according to a new report from Dow Jones VentureSource. That figure is a 5 percent increase over the 2006, and the highest since 2001, despite a decrease in the number of deals. Though investment is not growing quite as quickly as it is in the U.S., where venture investment rose by 8 percent last year, China is becoming a key global market for venture investment.

 

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Three VC Firms Picked to Extract Green Tech from Federal Labs

Wednesday, March 5, 2008

Last week, three venture capital firms were chosen by the Department of Energy (DOE) to participate in its new Entrepreneurship in Residence (EIR) program, a pilot initiative designed to get advanced energy technologies out of the federal labs and into the marketplace. In the program’s design, an entrepreneur affiliated with each venture capital firm will work with the selected DOE laboratory staff in order to identify and evaluate marketable technologies.

 

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Funds to Improve Existing Industries Prominent in Louisiana Budget

Wednesday, March 5, 2008

Gov. Bobby Jindal unveiled his fiscal year 2008-09 budget to the legislature last week, focusing heavily on improving the existing workforce and creating a business climate that encourages entrepreneurship.

 

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Growth Capital for Targeted Industries at Center of Rhode Island Economic Plan

Wednesday, March 5, 2008

Using the state’s regional advantage, the Rhode Island Economic Development Corporation (RIEDC) wants to create high-wage jobs in targeted industry sectors and establish new equity and financing programs that provide growth capital to sustain the ventures, the agency announced last week.

 

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Research Park RoundUp

Wednesday, March 5, 2008

The following overview is a synopsis of selected recent announcements from research parks across the nation, including new tenants, groundbreakings and tools for financing start-up companies.

                       

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Timeline Announced for 2008 Excellence in TBED Awards

Wednesday, March 5, 2008

The 2008 Excellence in TBED Awards call for applications is right around the corner, and this year, your organization could be recognized as a national leader in the TBED community.

 

As an award winner, you:

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OCAST Allocates its $10M Budget Increase

Monday, September 25, 2006

The Oklahoma Center for the Advancement of Science and Technology has announced a trio of new programs. Last month, the OCAST governing board approved a business plan for 2007 that committed $10 million of recently appropriated revenue for high-tech development. OCAST is devoting much of this funding to a new seed capital program, awards for plant science research, and a program to encourage the use of nanotechnology in manufacturing.

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Canadian Government Provides $163M for New Centres of Excellence

Wednesday, February 27, 2008

Earlier this month, the Canadian Minister of Industry announced the establishment of 11 new Centres of Excellence for Commercialization and Research (CECRs) to pursue multidisciplinary work in the areas of environmental science, natural resources and energy, health and life sciences, and information and communication technologies. This $163 million investment joins a $105 million investment last year that created seven other CECRs across Canada.

 

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Hawaii, DOE Partner toward Ambitious Clean Energy Goals

Wednesday, February 27, 2008

With the goals of reducing crude oil consumption by a whopping 72 percent and identifying clean energy sources to cover 70 percent of the state’s energy needs by 2030, Hawaii has signed a memorandum of understanding (MOU) with the U.S. Department of Energy (DOE) to figure out exactly how to get the job done under the Hawaii Clean Energy Initiative.

 

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EU Creates Entrepreneurship Assistance Network of 600 Organizations, Offices

Wednesday, February 27, 2008

Transforming as many small and medium-sized enterprises (SMEs) as possible into globally competitive firms is a challenge, as most TBED practitioners know. The complexity of combining all of Europe into a single market makes the work even more daunting.

 

To simplify the process for SMEs in more than 40 countries, the European Commission recently launched a consolidated Enterprise Europe Network. The network consolidates the older Euro Info Centres and the Innovation Relay Centres.

 

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Illinois Governor Proposes Own Economic Stimulus Plan, Yet Cuts Funding for TBED Programs

Wednesday, February 27, 2008

Gov. Rod Blagojevich unveiled a $25 billion capital plan supporting, in small part, several energy and technology projects, while at the same time eliminating funding in his fiscal year 2009 operating budget for several TBED-related programs within the Department of Commerce and Economic Opportunity (DCEO).

 

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Recent news from the SSTI Digest

Universities as architects of regional innovation ecosystems

Wednesday, July 8, 2026
Ask most university leaders how their institution contributes to the regional economy and the answer is likely to include research expenditures, patents, startups, and jobs. Those measures remain important, but they overlook one of the university's most valuable contributions. In today’s economy, where innovation, talent, and technology shape how regions grow, universities are helping communities adapt, connect, and compete.
regionalism
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TBED programs succeed by engaging with local communities

Wednesday, July 8, 2026
When a new TBED project comes to town, the TBED practitioners inside know the long-term benefits of technology-based economic development: they can see and understand their progress in building a strong economic foundation for their host region. But for community-based and workforce development organizations and K-12 education systems in the surrounding area, the TBED project might appear to be an opaque operation that operates independently of its neighbors.
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What to expect when you’re expecting (investment returns)

Wednesday, July 8, 2026
Following SSTI’s recent look at the timing and type of exits, we continue our look at investment activity to characterize returns on investments so that TBED investors can more accurately project and adjust program parameters to support long-term sustainability. Accurate data on venture capital investment returns and fund performance on private investment vehicles is not readily or consistently available. Anecdotal stories  and the occasional press release on a major transaction exist, but VC exits are often done quietly. As such, parties interested in understanding performance outcomes must rely on focused reports and other aggregate data. 
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