The economic circumstances leading up to SSTI’s 13th annual conference make this year’s event critical. We encourage you to join us in Overland Park, Kansas, October 21 – 23, 2009 to Seize the Moment.

If we have no map, does that mean we’re lost? Hardly. But given the economic turmoil affecting every crossroad of the country, some folks may be having a hard time seeing which road leads in the right direction. This year’s conference will feature two speakers at the forefront of TBED research who will share their insight on how states and regions can prepare themselves for the challenges ahead.

SSTI’s pre-conference workshops have received high praise from past participants because of their personalized nature, their dedication to sharing knowledge, and their opportunities to forge worthwhile relationships with other participants. The two pre-conference sessions scheduled on Wednesday, October 21 are no different and will provide plenty of value for those in attendance.

One of the best takeaways from the SSTI Annual Conference is the personal contacts one can make over the course of the event. Whether it’s chatting with a peer who has led successful economic development initiatives, breaking bread with fund managers at our scheduled Dine-A-Rounds, exchanging contact information with our conference speakers, or playing tennis with a myriad of people in the Wii Room, the upcoming conference will provide plenty of opportunities to make friends and meet other leaders who share your background and hopes for the future.

Developing and implementing a successful TBED initiative that generates substantial economic gain for a state or region is no easy feat. SSTI’s third annual Excellence in TBED awards recognize outstanding achievements in tech-based economic development from innovative programs across the nation, emphasizing impact, strategic value and replicability.

SSTI’s Annual Conference offers a rich and rewarding slate of professional development opportunities for seasoned conference veterans and first-timers alike. Each year, SSTI helps connect TBED professionals to the ideas and perspectives making a difference in the regional innovation. The conference also provides a vibrant atmosphere where attendees can connect to the leading thinkers and practitioners in the field. You can expect:

SSTI’s 13th Annual Conference is made possible by the support of our host sponsor, the Kansas Technology Enterprise Corporation (KTEC), and the generous support of our national conference sponsors. SSTI extends its appreciation and thanks to the following exemplary organizations serving as our national sponsors:

• Pennsylvania Department of Community and Economic Development
• Greater Oklahoma City Chamber
• Battelle
• National Centers of Excellence (NCOE)
• GSP Consulting
• Monster Public Sector & Education

Missouri Small Business Technology Development Center invites applications for an associate state specialist (counselor). This position serves as a statewide specialist to provide leadership, expertise, and training to University faculty and staff, and private sector clients with SBIR/STTR.

While the U.S. venture capital (VC) industry struggles to recover from the last year’s sudden collapse in fundraising and investment, several regions are successfully rebuilding their venture environment. Venture investment remained far below 2008 levels in the second quarter of 2009, with venture centers such as Silicon Valley, Los Angeles, New York City and Texas falling farther from their lackluster numbers in the first quarter.

"Tapping the Technology Innovation Program and the Manufacturing Extension Partnership"

Given the important contribution of innovative entrepreneurs, it is essential for colleges and universities to adopt effective programs to educate and train prospective business founders who will introduce new products and new production processes, find new markets, or innovate in other ways, finds a study released by the Small Business Administration Office of Advocacy.

Two recent efforts – a new program launched in Maryland and legislation introduced in Congress – aim to help manufacturers retool for the rapidly changing economy. Successful tech-based economies have an environment conducive to industry development of new, leading-edge products or services or processes that significantly enhance the competitiveness of existing operations. Programs and initiatives that provide industries with the essential tools and resources to effectively compete in the global marketplace are imperative to achieving this climate.

The Nashville Area Chamber of Commerce unveiled a new website targeting the region’s entrepreneurial community. The Nashville Entrepreneurial Center provides insight and advice on starting a new company, local business and innovation news and several ways to connect to other entrepreneurs and investors. Though the site already offers a blog and social networking features, the group plans to expand their services to include additional resources for entrepreneurs seeking funding and other types of assistance.

On a per capita basis, federal R&D obligations to U.S. universities and colleges increased by 7 percent from FY 2003 to 2007, rising to $83.80 per person in FY07, according to the National Science Foundation. Total U.S. federal R&D obligations to academia increased by 11.1 percent over the same five years to $25.3 billion in FY07.

SSTI has prepared a table listing the academic obligations per capita from FY 2003 to 2007, the percent change of these obligations per capita over this period, and the relative rank of this change.

Kathy Collins has been appointed as the Wisconsin Entrepreneurs’ Network (WEN) regional director in Madison. Previously, Collins worked as the technology and financial development manager in the Commerce Division of Business Development.

Ron Cox has been appointed as the assistant dean for economic development in the engineering college at Iowa State University. He retains his current position as director of CIRAS, the Center for Industrial Research and Service.

Complete descriptions of these opportunities and others are available at http://www.ssti.org/posting.htm.

During the upcoming legislative session in Missouri, lawmakers will consider a proposal by Gov. Jay Nixon to create a funding source aimed at attracting top scientists, commercializing research, recruiting and building science infrastructure, and creating capital programs for early-stage technology companies. The Missouri Science and Reinvestment Act (MOSIRA) would dedicate an annual portion of new tax revenues generated by biotechnology companies to a newly-created state fund administered by the Missouri Technology Corporation.

Providing access to startup capital, promoting biotechnology, and investing in the green economy to create and grow jobs are among the priorities of Gov. Pat Quinn's Illinois Economic Recovery Plan presented during a speech in December. The governor's plan would establish an Angel Investment Tax Credit program to allow investors making an early-stage investment in a technology startup to receive a capped credit against their Illinois tax bill.

Gov. Gary Herbert unveiled last month an $11.3 billion spending plan for FY11 that maintains level funding for higher education and slightly reduces funding for the Utah Science Technology and Research initiative (USTAR). The governor's FY11 budget plan addresses a $693 million shortfall, which is spread across FY10-11 and anticipates $34 million in state revenue growth during the next year.  Read more ...

High-tech manufacturers in Connecticut seeking to innovate and diversify their processes are eligible for grants of up to $25,000 each under a new pilot program announced last week by Gov. Jodi Rell. The goal of the Connecticut Small Business Innovation and Diversification Program is to help the state's small businesses develop, produce and commercialize new products while streamlining delivery of products and services, according to the governor's press office.

Government intervention in the venture capital industry might be the key to boosting the performance of venture-backed businesses, according to a recent report published by the World Economic Forum. A review of 28,800 venture-backed firms from 126 countries found that enterprises receiving moderate levels of government venture capital support outperformed other firms in terms of value creation and patent creation.  Read more ...

There is no simple answer to a frequently asked question that SSTI receives: what should we expect to be a good return on public investment in research? A new working paper available from the National Bureau of Economic Research helps clarify the range of possible answers, though, and strongly suggests the investment is worthwhile.

Arizona's state, regional and university leaders already have made efforts to stimulate elements of a high-tech economy; however, missing are key fundamentals necessary for the state to compete on a national level, finds a report on Arizona's tech economy.

The Ohio Business Roundtable's independent assessment of the outcomes and impacts from the first $473 million invested from Ohio's Third Frontier (OTF) Program since its creation in 2003 shows the program providing an annualized return of 22 percent - and climbing. Presented to the Ohio Department of Development Dec. 8, the report reveals product sales of OTF-funded projects already equal $440 million alone, nearly matching the state's investment. An additional $3.2 billion of follow-on funding has been secured for OTF projects as well.