Additional Reports and Resources
Over the past few years, the SSTI Weekly Digest has covered several reports concerning universities, their economic impact and research and development issues. Some of these are highlighted below. In addition, on SSTI's Resources web page are links to several academic associations and organizations that follow the topics discussed in this special issue more closely.
Texas Gov. Requests $300M for New TBED Effort
Gov. Rick Perry is asking the Texas Legislature to appropriate $300 million for a new program designed to foster emerging technologies, enhance university-industry collaboration, and promote technology commercialization. If approved, the multi-faceted effort would be the most aggressive tech-based economic development initiative in the state's history.
VC Investments in China Top $1B in 2004: Premier wants tech zones established to encourage even more growth
Money is following the jobs and excitement that represents China's economy these days according to an annual survey of equity investments in China mainland businesses. Compiled by Chinese venture capital (VC) research and consulting firm Zero2IPO, the fourth annual survey found 60 firms made 253 investments totalling $1.269 billion (US) in China mainland or mainland-related enterprises in 2004.
Panel Says NASA Should Rethink Tech Transfer Approach
Four consecutive years of attempting to eliminate or minimize NASA's technology transfer activities are beginning to take a toll on the space agency's effectiveness at commercializing federally-supported technology, based on analysis from the National Academy of Public Administration (NAPA).
Useful Stats: NSF State S&E Profiles 2001-2003
The National Science Foundation (NSF) has updated its online center of state science and engineering (S&E) profiles to include data from 2001-2003. The site provides convenient access to a PDF or downloadable Microsoft Excel Worksheet of 31 indicators for each state. A spreadsheet with summary statistics for the entire U.S. also is available.
New Awards System in Ireland to Draw Top Researchers
Backed by a Technology Foresight Fund of more than $550 million annually, the Science Foundation Ireland has given the go-ahead to a new awards system designed to attract top researchers and support industry-university partnerships.
Landmark ARC Reauthorization Bill Sent to President for Approval
An historic, five-year reauthorization bill for the Appalachian Regional Commission (ARC) awaits only the President's signature after being approved Tuesday by Congress.
President Bush is expected to sign the legislation into law, making the reauthorization of ARC the longest in its history and only the second congressional reauthorization of the agency since the Carter Administration.
The reauthorization bill contains several key provisions:
EDA Offers $335 Million for State & Local Economic Development
The Economic Development Administration (EDA) has $335 million available for grants to support state, regional and community efforts to create wealth and minimize poverty by promoting a favorable business environment to attract private capital investment and high skill, high wage jobs through world-class capacity building, infrastructure, business assistance, research grants and strategic initiatives.
Third Innovation Policy and the Economy Program Set
While some practitioners have centered themselves on running programs and shoring up budgets during the present fiscal crisis, other efforts are underway, including that of the Innovation Policy and the Economy (IPE) group of the National Bureau of Economic Research (NBER).
Incubators in the News
During the last eight weeks, communities across the U.S. have witnessed the rise or fall of small business incubators. Here are some of the developments:
People
In January, Phil Bond, the Undersecretary for Technology in the U.S. Department of Commerce, took on the additional responsibilities as Chief of Staff.
James Hayward, CEO of a biotech materials supply company, has been named the first chairman of the Long Island Life Sciences Initiative. Joseph Scaduto is serving part-time as the new executive director for the group.
People
In January, Phil Bond, the Undersecretary for Technology in the U.S. Department of Commerce, took on the additional responsibilities as Chief of Staff.
People
James Hayward, CEO of a biotech materials supply company, has been named the first chairman of the Long Island Life Sciences Initiative. Joseph Scaduto is serving part-time as the new executive director for the group.
People
John Hightower, executive director of the Baton Rouge Technology Council for the past seven months, has resigned to resume a career in public relations and lobbying. The Council has started a search for his replacement.
People
Don Smith has been appointed Vice President for Economic Development at the new Mellon Pitt Carnegie Corporation. MPC, a joint venture of the University of Pittsburgh and Carnegie Mellon University, is intended to coordinate the economic development and tech commercialization activities of both schools.
People
Jack Sommer is the new executive director of the Rhode Island Technology Council. Sommer previously worked with Student Advantage in Boston.
People
The Indiana Technology Partnership named Jim Wheeler as its new president. A former partner with Andersen LLP, Wheeler takes the position vacated by Tom Miller last fall.
North Dakota Gov. Includes $50M for Centers of Excellence in Budget Request
In an effort to increase the economic impact of the state's university-based research, Gov. John Hoeven has included $50 million in his 2005-07 budget request to create Centers of Excellence on each of the North Dakota 's college campuses.
Oregon Gov. Recommends $9M for Investments in Commercialized Research
Commercialized research and Oregon's first signature research center are among those initiatives slated for funding in the governor's 2005-07 proposed biennial budget for the Oregon Economic and Community Development Department (OECDD). Gov. Ted Kulongoski's recommended budget, the "Oregon Principles," is centered around six core principles for targeted investments to deliver a strong return on taxpayer dollars.
U.S. Innovation Hurt by Restrictions on Foreign Grad Students, Study Shows
Tight restrictions on student visas for foreign graduate students will hasten the erosion of America's global dominance in innovation, according to a University of Colorado at Boulder study.
Innovation Economy Strong, But State Lags in High Tech Job Creation, MTC Index Finds
Massachusetts' innovation indicators may be strong, but the conversion of innovation into new high tech jobs is lagging and the state’s median household income continues to dip, according to the latest Index of the Massachusetts Innovation Economy.
Entrepreneurship Sustains Innovation and Boosts Growth
Public policies should seek ways to promote entrepreneurship in order to boost economic growth, according to a review of existing research by David Audretsch of Indiana University.
Foundations Brighten Holidays for Several TBED Efforts
Foundations and philanthropists are playing increasingly important financial roles for many academic and regional technology-based economic development (TBED) efforts. The latest issue of Philanthropy News Digest, the weekly electronic newsletter of the FoundationCenter, highlights three recent announcements that provide examples of the size, scope and opportunity presented by these types of awards. The announcements are summarized below.
Canada Launches National Innovation Strategy, $125M in Scholarships
During the 1970s, Canada routinely topped the U.S. in terms of real growth in gross domestic product per capita. As recently as 1990, Canada enjoyed the fourth highest standard of living in the world but slipped to seventh by 1999.