Mississippi Rolls Out Five New Capital-attracting Funds
One of the most vexing problems facing states, outside of a few well known success stories, is a persistent lack of attention from the venture capital industry. In 2006, almost 60 percent of venture capital investment was concentrated in California and Massachusetts. The other 48 states have had to devise their own strategies to compete with Silicon Valley, Route 128 and each other to gain the attention of potential investors.
Useful Stats: Per Capita Personal Income by State, FY 2003-2006
The U.S. as a whole showed an increase of 5.41 percent in per capita personal income from fiscal year 2005, according to second quarter 2006 estimates of state personal income data released by the U.S. Bureau of Economic Analysis (BEA).
Maryland Budget Includes 66% Increase for Stem Cell Research
As the 2007 legislative session in Maryland came to a close last week, Gov. Martin O'Malley celebrated an important victory for the future of life sciences with a $10 million increase for stem cell research and the creation of a life sciences advisory board. Gov. O'Malley requested the 66 percent increase during his Jan. 31 State of the State Address (see the Feb. 19, 2007 issue of the Digest).
Patents, Graduates Key to Fighting Kentucky's Persistent Poverty?
It’s no secret that research and education are important to a state’s economy, but for many poorer states, they may be even more vital than previously believed. A few recent studies suggest that increasing the number of patents and the education level of residents in a state could be a valuable first step in overcoming persistent poverty.
Blueprint Recommends New Approach to Cluster Strategy for Tucson Region
While the Tucson area is growing rapidly, surpassing one million residents last fall, regional economic development officials are concerned about personal income levels keeping pace with the growth. They argue that a highly-skilled and educated workforce within existing and emerging clusters is imperative to raise per capita personal income and to improve the region’s economic growth along with its burgeoning population.
Recent Research: Does Localizing University Tech Transfer Come at a Price?
It’s a question that many policymakers and researchers across the world are attempting to answer. A recent paper by Sharon Belenzon and Mark Schankerman, Harnessing Success: Determinants of University Technology Licensing Performance, adds to the growing body of knowledge on the topic, exploring how the differences between universities may impact the income generated by licensing technology.
Planning Well Underway for SSTI's 11th Annual Conference
Please plan on joining us in Baltimore on October 18-19. You can learn firsthand how the Maryland Stem Cell Research Fund successfully secured the increase in funding and how the initiatives are progressing, all while enjoying the view of the gorgeous Inner Harbor (see related story in this Digest).
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Lyne Bouchard is the president and CEO of TechnoMontréal, a new umbrella organization for the city's information and communications technology cluster.
Rich Cook has joined the West Michigan Science and Technology Initiative as venture center director.
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Lyne Bouchard is the president and CEO of TechnoMontréal, a new umbrella organization for the city's information and communications technology cluster.
People
Rich Cook has joined the West Michigan Science and Technology Initiative as venture center director.
People
Jeffrey Corcoran has been named director of the new SUNY Fredonia High Technology Incubator in Dunkirk, N.Y.
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Anna Ehnmark was appointed executive director of the Technology Alliance Group for Northwest Washington.
Index, White Paper Offer Foray into Silicon Valley
While Silicon Valley lost jobs last year — the first decline since 1992 — value added per employee, a measure of productivity, increased 4.6 percent to $170,000 compared to $56,000 nationally, according to the Index of Silicon Valley 2002 released in January by Joint Venture: Silicon Valley Network.
California Doubles Number of RTAs
Last week, Governor Gray Davis announced the award of three grants to support the creation of new Regional Technology Alliances (RTA) for the Inland Empire, San Joaquin Valley, and Sacramento/Capital regions. The three new non-profit organizations join existing RTAs in Los Angeles, San Diego and the San Francisco Bay area to provide decentralized business support services for innovative, California-based technology firms.
Advanced Study Math, Science Programs Deserve Boost, Report Says
High school courses for advanced study in mathematics and science should focus on helping students acquire in-depth understanding rather than the more superficial knowledge that comes from covering too much material too quickly, according to a new report from the National Academies' National Research Council.
Stimulus Package Designed to Boost Orange County (Fla.) Economy
An economic diversification package recently approved by officials in Orange County, Florida, is intended to offset some of the post-September 11 difficulties experienced by the local economy.
More than $1 million for the Orange County Economic Stimulus Package was approved in late January by the Board of County Commissioners. The initiative provides funding for five measures, including:
Tech-talkin' Govs: State of the State and Budget Addresses
This is the final installment in this year's coverage of the Governors' State of the State and Budget Addresses highlighting issues of importance to the tech-based economic development community.
Illinois
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President Bush has nominated Major General Charles F. Bolden, U.S. Marine Corps to serve as NASA's next Deputy Administrator. A former astronaut, Bolden currently serves as the Commanding General, 3rd Marine Aircraft Wing.
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Last week, David Allen began his tenure as Assistant Vice President for Technology Transfer at the University of Colorado. Allen was the Assistant Vice President for Technology Partnerships at the Ohio State University.
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On April 1, Jerry McGuire becomes the first director of technology transfer for the University of North Carolina, Greensboro. McGuire currently is the director of technology transfer and licensing for the University of Buffalo.
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Telecommunications entrepreneur R. Chadwick Paul Jr. has been hired as chief executive officer of the Ben Franklin Technology Partners of Northeastern Pennsylvania.
Highest Recommendation: OREDI Newsletter
We read a lot of e-mail for the Digest. A lot of e-mail. We know that e-mail boxes are getting fuller all the time, so even thinking of recommending that you increase your reading load takes a lot of nerve, or a very good reason. This one is the latter.
State Fiscal Conditions Continue Downward Spiral, Survey Says
The number of states reporting cost overruns, budget cuts and use of their fiscal reserves has grown significantly over the last three months, according to a report released last week by the National Conference of State Legislatures (NCSL).
Changes Proposed to Improve ATP
Royalty payback requirements and expanding roles for universities are among the changes outlined by the U.S. Department of Commerce in The Advanced Technology Program: Reform with a Purpose. With goals of improving the Advanced Technology Program (ATP) and providing "stability" — making the program more palatable to its perennial Congressional detractors — the Department of Commerce has identified six structural changes within ATP.