Useful Stats: VC by State for 1st Quarter 2001
PricewaterhouseCoopers has published the detailed statistics for the Moneytree™ survey of venture capital (VC) activity for the first quarter of 2001. As promised in the May 4, 2001 issue of the SSTI Weekly Digest when the summary results were announced, SSTI has prepared the accompanying table presenting the distribution of VC by state.
Upcoming Conferences of Note
The following is a sampling of the more than 60 events included in the SSTI Calendar of Events webpage: http://www.ssti.org/calendar.htm
People
President Bush intends to nominate P.H. Johnson to be Federal Co-chairperson of the Delta Regional Authority. He currently practices law with the firm of Johnson Bobo in Clarksdale, Mississippi.
People
President Bush intends to nominate P.H. Johnson to be Federal Co-chairperson of the Delta Regional Authority. He currently practices law with the firm of Johnson Bobo in Clarksdale, Mississippi.
People
Bill Shipp has been promoted to president and general manager of the Idaho National Engineering & Environmental Laboratory. Currently laboratory director, Shipp will take his new position August 1. Mr. Shipp also serves as Science & Technology Advisor to Idaho Governor Dirk Kempthorne.
People
Jackie Norton, director of the Arizona Department of Commerce for the past five years, has announced she will be leaving the position this summer.
People
Anita Balachandra, formerly in charge of the Experimental Program to Stimulate Competitive Technology (EPSCoT) in the U.S. Department of Commerce, is now working with the Maryland Technology Development Corp.
People
SSTI welcomes Anulet Jones to our team as a Research Assistant. Ms. Jones has an engineering degree from Georgia Tech and is working on her MBA at Capital University in Columbus, Ohio.
Pennsylvania Works Toward $90 Million Life Sciences Initiative
Governor Tom Ridge’s $90 million plan to create a series of life science research/commercialization centers would be the largest, single technology initiative ever proposed in Pennsylvania, according to a recent press release from the Governor's office. The Life Sciences Greenhouse Initiative would be a network of innovation centers in Philadelphia, Pittsburgh and Harrisburg closely connected to university research activities.
Senate Says Community Tech Centers Should Stay in Education
The National Journal’s Technology Daily reported Wednesday that the Senate has approved an amendment to the Elementary and Secondary Education Act reauthorization bill (S.1) that would authorize up to $100 million for the Community Technology Centers program. The amendment, introduced by Senator Barbara Miluski of Maryland and passed by a 50-49 vote, also keeps the popular program within the Department of Education.
Are State Coffers in Jeopardy from Fed Tax Cut?
With the National Conference of State Legislatures saying 23 states already feel the pinch of a slowing economy and large state tax cuts made during the late 1990s, at least one group says the situation will only worsen with the pending federal tax cut. Basing its analysis of the President's original tax cut proposal, Citizens for Tax Justice estimates states stand to lose potentially $35 billion dollars a year in revenues by 2012.
Useful Stats: Federal Investment in Academic Science & Engineering
The National Science Foundation (NSF) has released Federal Science and Engineering Support to Universities, Colleges, and Nonprofit Institutions: Fiscal Year 1999 (NSF 01-323). The data presented in the 33 tables cover all categories of direct federal science and engineering (S&E) support to institutions of higher education in the United States. The 18 agencies listed in these tables provide virtually all of the Federal funding for S&E research and development (R&D) at U.S.
$24 Million Available for Materials Research Centers
People
Lewis Branscomb, one of the leading voices in science and technology policy, and Harold E. Varmus, former director of the National Institutes of Health and a Nobel prize holder for contributions to understanding the mechanisms of cancer, will receive the Vannevar Bush Award for lifetime achievement in science and public service from the National Science Board (NSB) on May 23.
People
Lewis Branscomb, one of the leading voices in science and technology policy, and Harold E. Varmus, former director of the National Institutes of Health and a Nobel prize holder for contributions to understanding the mechanisms of cancer, will receive the Vannevar Bush Award for lifetime achievement in science and public service from the National Science Board (NSB) on May 23.
People
Joseph Hammang, currently vice president for science, technology and business development at the Rhode Island Economic Development Corp., has accepted a position with the Rhode Island Economic Policy Council to run the Samuel Slater Technology Fund and six Slater Centers. Mr. Hammang will remain the Governor's Advisor for Science and Technology.
People
In March, the North Dakota Department of Economic Development and Finance (ED&F) named Jim Hirsch director of workforce development.
People
Ann Rydalch has been elected to serve as chair of the Federal Laboratory Consortium for Technology Transfer. Ms. Rydalch works for at the Idaho National Engineering & Environmental Lab. Outgoing chair C. Dan Brand will be retiring this summer.
People
Christopher Anderson has been promoted to become president of the Massachusetts High Technology Council. Prior to his appointment, Mr. Anderson served as vice president and general counsel to the organization.
People
SSTI welcomes Mark Kish to the staff as our new Writer/PR Assistant. Mark will assist with the SSTI Weekly Digest, updating and expanding our website, and planning for our September 19-21 annual conference.
1st Quarter VC Figures Released; 4th Quarter 2000 State Stats Available
Venture capital (VC) investments for the first quarter of 2001 totaled $10.1 billion, a staggering 40 percent less than the previous quarter, according to the latest Moneytree™ survey prepared by PricewaterhouseCoopers in partnership with VentureOne. Although VC investment now has declined steadily in each of the four quarters since the peak in the first quarter of 2000, the latest results mark the greatest quarter-to-quarter decrease in absolute dollar terms since the survey started.
Bipartisan Efforts Deliver New Tech Programs, Acts for Arkansas
A wide range of research and tech-based economic development bills were approved by the Arkansas legislature, which ended its legislative session in mid-April. With proposals and support coming both from Republican Governor Huckabee and the heavily Democratic legislature, Arkansas is the latest state to demonstrate broad bipartisan support for investing in science and technology.
NVCA Looks at Venture Capital's Economic Impact
U.S. companies originally backed by venture capital created 4.3 million new jobs last year according to a new economic impact study released this week by the National Venture Capital Association (NVCA). Those companies generated $736 billion in revenues in the year 2000 and, according to the study, venture capital-backed businesses represented 3.3% of the nation's total jobs and 7.4% of Gross Domestic Product in 2000.
Chicago Top Host for 'Inner City 100' Businesses
With ten firms, Chicago leaders win bragging rights for being called home by the greatest number of Inc. magazine's "Inner City 100," the fastest growing urban businesses. In fact, six of the top 50 companies were from the Windy City.
Five businesses from Buffalo won inclusion in the magazine's list, earning the New York city the unofficial title as the second most popular home. Pittsburgh, Cleveland, and Oakland, CA each had four companies on the list.