Texas Gov. Rick Perry unveiled his budget proposal for fiscal year 2008-09 with an additional $300 million to recapitalize the state’s Emerging Technology Fund (ETF). The program provides loans and grants to commercialization projects with ties to state universities, and to create research centers in key technology areas. The funding would represent a significant expansion of the program, which received $200 million when it was established in 2005 and no new funding in 2006.

 

Over the past 27 years, the Bayh-Dole Act has been frequently cited as critical for university tech transfer in the U.S. The Act allows universities to assume ownership over the intellectual property (IP) produced on campuses, whenever that property derives from research funded in whole or in part by the federal government. The possibility of financial returns from licensing agreements or on the sale of IP gives institutions an important incentive to engage in applied research and move their discoveries to market.

 

The U.S. Department of Labor (DOL) recently announced it will provide $65 million in new grants under the Workforce Innovation in Regional Economic Development (WIRED) Initiative.

Looking for that perfect professional development opportunity for you or your staff. If so, the SSTI Web calendar of events should prove useful in your search.



By visiting www.ssti.org/calendar.htm, you can view more than 170 technology-based economic development events.



Events include:

With the opportunity presented by a $732 million budget surplus, Gov. Linda Lingle wants Hawai`i to shift its public investment philosophy away from land development and toward encouraging, nurturing and rewarding innovation, creativity, entrepreneurship and risk-taking. Most of Gov. Lingle's State of the State Address on Jan.

Last week, the U.S. House of Representatives passed Senate Bill 2739, a component of which directs the Department of Energy (DOE) to provide grants and seek partnerships for the creation of a nationwide network of advanced energy technology transfer centers. These partnerships can include entities such as state agencies and local governments, utilities, colleges and universities, national laboratories, and other nonprofits providing energy technology expertise. The bill is now awaiting the president's signature.

Beginning in 2003 with its $510 million investment to lure the Scripps Research Institute (see the Oct. 31, 2003, issue of the Digest), the state of Florida has drawn national attention over the past few years for its aggressive pursuit of major life science research institutions. This year, however, it looks like that strategy will have to be put on a temporary hiatus.
 

A recent study prepared for the Maine Technology Institute and the Office of Innovation within Maine’s Department of Economic and Community Development examines and ranks 16 identified technology clusters in Maine - defining eight as sustainable clusters, five as potential clusters, and three as emerging clusters. These labels are based upon an extended view of clusters, namely that successful clusters depend on knowledge generation and knowledge spillovers and not just specification within certain industries.

The Conference Board of Canada earlier this week named David Wolfe, professor of political science and co-director of the Program on Globalization and Regional Innovation Systems (PROGRIS) at the University of Toronto Mississauga's Centre for International Studies, as its fifth Scholar in Residence. Begun in 2005, the board’s prestigious scholar-in-residence program so far has focused on broader national issues such as regulatory reform and an emerging new federalism. Dr.

The under-30 crowd may be the early adopters of many of the new gadgets in our lives - and the young techies who quickly became billionaires producing those toys may grab all the headlines - but a new study reveals most U.S.-born technology and engineering company founders are actually middle-aged, well educated and hold degrees from a wide assortment of universities.
 

More information on these opportunities and others is available at http://www.ssti.org/posting.htm.

Lori Broyles was appointed coordinator of the Women's Business Center in Oklahoma City.

This Friday, May 16, is the final day to submit your TBED initiative for consideration in SSTI’s premier national competition that showcases best practices and out-of-the-box thinking across six categories focusing on several elements found in successful tech-based economies.
 
An SSTI Excellence in TBED Award distinguishes your initiative as a best practice worthy of emulation in the TBED community through your successful efforts to:

• Expand the Research Infrastructure;

Operating with a $152 million surplus for the current fiscal year, Gov. Mike Easley unveiled his recommended budget adjustments for FY 2008-09 earlier this week, providing additional funding for university projects and expanding TBED initiatives. North Carolina is one of a shrinking number of states to still project black ink for its next fiscal year.
 

“I recognize the importance of attracting venture capital and new investments to Maine,” Gov. John E. Baldacci said. The governor later added, “However, as it is currently written the bill carries enormous risk. This bill would guarantee a rate of return for venture capital investors while Maine would shoulder all the risk. The potential liability for the State is too great for me to sign this bill.”
 

The General Assembly approved the fiscal year 2009 budget last week, providing $21 million for the Life Sciences Research Trust Fund. Established in 2003, the fund was created to support life science research, commercialization, and technology transfer using a portion of the state’s tobacco settlement funds. The FY09 appropriation will be administered by the Life Sciences Research Board, which is responsible for awarding grants and contracts for research.
 

Early-stage Colorado bioscience companies and researchers in clean and alternative energy working to commercialize new technologies are among the victors of Colorado’s legislative session that ended last week.
 

Unprecedented investment in alternative energy technologies and growing awareness about the need for clean and renewable energy production have driven many states to initiate strategies to promote alternative forms of power generation, such as solar, hydroelectric, geothermal and wind power. Most current government strategies, however, fall short of what will be needed to build a truly reliable, affordable and clean energy portfolio in the U.S., according to a new study from the U.S. Department of Energy (DOE).

Rallying the myriad local organizations, chambers of commerce and political jurisdictions of any large metropolitan area toward a shared economic development agenda is challenging. To twist a phrase from supply-side economics, the “trickle around” theory of benefits – when any major economic development project occurs in one community will have spillover benefits for the entire region – is a tough sell to communities and school systems trying to keep their budgets in the black.
 

Last week, the Federal Laboratory Consortium for Technology Transfer (FLC) held its annual national meeting in Portland, Ore. The gathering brought together laboratory technology transfer specialists, industry representatives and state and regional TBED organizations, among others, to discuss pertinent issues such as changes in federal legislation affecting intellectual property and SBIR reauthorization, STEM education initiatives, funding opportunities, and best practices for encouraging the successful commercialization of research.

Last week, Congress approved the $300 billion "farm bill" with large bipartisan majorities in both the House and Senate (318-to-106 and 81-to-15, respectively). The wide margins belie that fact that the bill remains somewhat controversial outside of Congress for its lack of reform of farm and crop subsidies. President Bush vetoed the bill today, citing concerns about its continued support of large subsidies for agricultural producers despite record profits for the farming industry. With veto-proof majorities in both houses, however, the bill is likely to survive.

As readers know, the United Kingdom is no slouch in the world’s economy. A steady rise in productivity since 1997, the pound trading at nearly twice the dollar, and the home of some of the world’s top research universities and a global financial center for centuries all attest to the United Kingdom’s strong economic position.