Price Waterhouse, in conjunction with the National Venture Capital Association, recently published the results of the 1996 National Venture Capital Survey. Venture capitalists reported investing $9.5 billion in 1996, a 25% increase over 1995.
In its annual Money Tree Survey of venture firms, Coopers & Lybrand, which also tracks venture capital activity, reported greater growth in 1996 than Price Waterhouse did. According to this survey, venture capital investment reached $10.1 billion in 1996. Surveyed venture firms participated in 2,163 deals during 1996. The average size of each financing rose in 1996 to $4.7 million, up from the $4.3 million average investment reported in 1995.
The "Baldrige Index" for 1996 outperformed the Standard & Poor's 500 for the third year in a row, according to a study prepared by the National Institute of Standards and Technology (NIST). The fictitious index is made up of winners of the Malcolm Baldrige National Quality Award.
Last Thursday, the Clinton Administration released its detailed budget proposal for FY98. The requested 2% rise in research and development funding reflects the constraints facing discretionary spending programs: the call to balance the budget while costs for entitlement programs and debt service are growing.
The National Center for Research Resources (NCRR) of the National Institutes of Health is seeking input as it updates its 1994 strategic plan, NCRR: A Catalyst for Discovery.
Women and minorities continue to take fewer high-level mathematics and science courses in high school; earn fewer bachelor's, master's and doctoral degrees in science and engineering (S&E); and remain less likely to be employed in S&E jobs than white males.
The National Governors' Association (NGA), the White House Office of Science and Technology Policy, and the Technology Administration of the U.S. Department of Commerce are holding two more regional meetings to get input from state officials and others on the direction of the U.S. Innovation Partnership (USIP).
Department of Defense figures show there is approximately 35 percent excess capacity in its laboratory infrastructure, according to a General Accounting Office (GAO) report.
The first recipients of the Presidential Early Career Awards for Scientists and Engineers were announced earlier this week. The 60 winners will receive up to $500,000 over a five year period to further their research.
The Alliance for Manufacturing Excellence (AME), a non-profit start-up organization, seeks an Executive Director to build and operate a successful manufacturing services organization. The Executive Director will guide AME in its mission of assisting smaller manufacturers to adopt more advanced manufacturing technologies and management techniques.
The Committee on Environment and Natural Resources (CENR) has issued a Program Guide to Federally Funded Environment and Natural Resources R&D. The guide describes the types of environment and natural resources R&D currently supported by federal agencies, potential opportunities for funding, the mechanisms used to award funding, and points of contact.
Applications and nominations are invited for the position of Executive Director of the Vermont Technology Council. The Council is a voluntary association of community leaders from the public and private sectors who are concerned with the economic vitality of Vermont and believe that the state's prosperity depends on the successful commercialization within the state of scientific and technological advances and innovations.
Wade Lange, president and CEO of the Indiana Health Industry Forum, announced he will be leaving the organization this summer to return to the private sector.
Greater Baltimore Technology Council executive director Penny Lewandowski is leaving at the end of May to join the Edward Lowe Foundation in Detroit. Assistant director Steve Kovak has been named her successor.
Robert Rosner, chief scientist for the Argonne National Laboratory, will be the lab's new director.
Craig Watters is serving as interim director of the Falcone Center for Entrepreneurship at Syracuse University. Past director Nola Miyasaki has relocated to Hawaii to join a biotech company.
Kentucky Gov. Ernie Fletcher appointed Denise Bentley to serve as liason to the Louisville Metro and Lexington-Fayette Urban County Government councils under the Governor’s Office for Local Development. The position is newly created.
Eric Davis, president of the Greater Owensboro Chamber of Commerce and Economic Development Corp, resigned last week.
Kentucky Gov. Ernie Fletcher appointed Denise Bentley to serve as liason to the Louisville Metro and Lexington-Fayette Urban County Government councils under the Governor’s Office for Local Development. The position is newly created.
Eric Davis, president of the Greater Owensboro Chamber of Commerce and Economic Development Corp, resigned last week.
The Purdue Research Foundation appointed Kathy DeGuilio-Fox to serve as interim executive director of the Purdue Technology Center of Northwest Indiana.
Jack Faris is the new president of the Washington Biotechnology & Biomedical Association.
On Friday, President Bush announced his intention to nominate Michael D. Griffin, of Virginia, to be administrator of the National Aeronautics and Space Administration. Dr. Griffin currently serves as Space Department Head at Johns Hopkins University Applied Physics Laboratory. Prior to that, he was president and chief operating officer of In-Q-Tel, Inc.
George "Mick" Stadler is the new CEO for the incubator at the Rochester Institute of Technology.
Galynn Beer succeeds Johnny Roy as the new chairman of the board of the Oklahoma Center for the Advancement of Science and Technology.
Jeff Brancato has been named Associate Vice President for Economic Development of University of Massachusetts.
Galynn Beer succeeds Johnny Roy as the new chairman of the board of the Oklahoma Center for the Advancement of Science and Technology.