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Minnesota S&T Leaders Blast State’s Long Hiatus from TBED

Wednesday, January 27, 2010

“Minnesota faces a crisis of competitiveness.” It didn’t take Minnesota’s leaders long to recognize the state’s precipitous fall in the standings for many major indicators over the past two decades paralleled the state’s prolonged diinvestment from a proactive TBED strategy.

  • Read more about Minnesota S&T Leaders Blast State’s Long Hiatus from TBED

U.S. Venture Investment Falls to Lowest Level in a Decade

Wednesday, January 27, 2010

Last year venture investment decreased to its lowest level since 1997, according to the latest Moneytree Report from PricewaterhouseCoopers and the National Venture Capital Association (NVCA).  A weak environment for exits and increasing caution on the part of investors contributed to a 37 percent decrease in investment dollars and a 30 percent decline in venture deals from 2008 levels. This marks the second consecutive year of declining venture dollars and deals.

  • Read more about U.S. Venture Investment Falls to Lowest Level in a Decade

Tech Talkin' Govs, Part II

Wednesday, January 20, 2010

The second installment of SSTI’s Tech Talkin’ Govs’ series includes excerpts from speeches delivered in Colorado, Virginia and West Virginia. Our first installment was in the Jan 13 Digest.

  • Read more about Tech Talkin' Govs, Part II

Commerce Taking Up Need to Commercialize More Federal R&D

Wednesday, January 20, 2010

Describing the nation’s innovation system as broken, U.S. Secretary of Commerce Gary Locke yesterday said the Department of Commerce will be “working hard to find solutions” that move more federally funded R&D into the commercial market.

“Even in areas where we are allocating enough funding for R&D, we’re not doing a good enough job getting these ideas into the marketplace, particularly through entrepreneurs.

  • Read more about Commerce Taking Up Need to Commercialize More Federal R&D

University-based Research Initiatives Slated for Reduction in Georgia Budget

Wednesday, January 20, 2010

Gov. Sonny Perdue last week outlined an $18.2 billion budget for FY11 that reduces spending across several state agencies, including a $9.6 million reduction for R&D activities through the Research Consortium. The governor’s budget also would eliminate two science, technology, engineering and mathematics (STEM) programs within the Department of Education.

  • Read more about University-based Research Initiatives Slated for Reduction in Georgia Budget

Governor’s Budget Includes $5.9M for KTEC

Wednesday, January 20, 2010

Gov. Mark Parkinson last week unveiled his FY11 budget proposal, which includes $5.9 million from the Economic Development Initiatives Fund (EDIF) for the Kansas Technology Enterprise Corporation (KTEC), down $1.8 million from the FY10 governor’s estimate of $7.75 million. Many of the governor’s budget recommendations, including funding for KTEC and university research initiatives, may hinge on a tax increase proposal, however.

  • Read more about Governor’s Budget Includes $5.9M for KTEC

Florida 5-Year Plan Advocates STEM, Clusters & Tech Commercialization

Wednesday, January 20, 2010

Enterprise Florida released its latest five-year strategic plan for the state, calling for increased investment in STEM education, university research, commercialization assistance and early-stage capital access programs. Florida must diversify its economy and strengthen its high-tech industries in order to reduce the state’s reliance on population-based growth, according to the report. Enterprise Florida also endorses a cluster-based strategy to promote high-tech industries based on their relative levels of development in the state.

  • Read more about Florida 5-Year Plan Advocates STEM, Clusters & Tech Commercialization

Useful Stats: “Eroding Dominance” Theme of S&E Indicators 2010

Wednesday, January 20, 2010

Current trends presented in the 2010 edition of the National Science Board’s biennial Science & Engineering Indicators suggest as early as the 2012 edition, the U.S. will no longer leads the world for a key indicator: total R&D expenditures – unless corrective action is taken.

 

  • Read more about Useful Stats: “Eroding Dominance” Theme of S&E Indicators 2010

Tech Talkin' Govs, Part I

Wednesday, January 13, 2010

Entering its tenth year covering governors’ State of the State, Budget and Inaugural Addresses, SSTI’s Tech Talkin’ Govs series highlights new and expanded TBED proposals from across the nation. The first edition includes excerpts from speeches delivered in the following states:

Arizona
Gov. Janice Brewer, State of the State Address, Jan. 11, 2010

  • Read more about Tech Talkin' Govs, Part I

Baton Rouge Area Chamber: Statewide TBED Organization Needed

Wednesday, January 13, 2010

The Baton Rouge Area Chamber (BRAC) has released the second and final component of its strategy advocating the need to advance a tech-based economy throughout Louisiana. The white paper focuses on the topics of entrepreneurship, workforce development, risk capital, and coordinating TBED efforts at the state level. For example, BRAC calls for all returns from state funds invested in venture capital firms to be reinvested, for regional angel networks to be supported, and for the state’s angel investor tax credit to be reinstated.

  • Read more about Baton Rouge Area Chamber: Statewide TBED Organization Needed

North Dakota Centers of Excellence: $16.56 Impact for Each State Dollar spent So Far

Wednesday, January 13, 2010

Providing strong evidence for how public investments in research and TBED pay off even on a short time horizon, a recent impact analysis calculated the total impact from the first $19.9 million North Dakota spent over the past four years for the establishment of 20 Centers of Excellence across the state. The analysts from North Dakota State University reported a combined cumulative impact of $329.5 million for the 30 months ending June 2009. The total includes both direct reported results and estimates for indirect impacts.

  • Read more about North Dakota Centers of Excellence: $16.56 Impact for Each State Dollar spent So Far

Fourth Quarter Increases Cannot Salvage Slow Year for Venture Capital Exits and Fundraising

Wednesday, January 13, 2010

U.S. venture capital fundraising and venture-backed exits improved marginally in the fourth quarter of 2009, despite having a very slow year overall, according to the National Venture Capital Association (NVCA). Venture fundraising increased to $3.8 billion in the last quarter, an 82.6 percent increase over the previous quarter but still far short of fundraising levels in recent years. While investors expect activity to grow in 2010, most predict that the industry will remain smaller than its scale in the 1990s and 2000s, with fewer firms and increasing focus on late-stage deals.

  • Read more about Fourth Quarter Increases Cannot Salvage Slow Year for Venture Capital Exits and Fundraising

Tech Talkin' Govs, Part IV

Wednesday, February 10, 2010

The fourth installment of SSTI's Tech Talkin' Govs series includes excerpts from speeches delivered in Alaska, Connecticut, Maryland, Michigan, Nevada, and Oklahoma. The first three installments are available in the Jan 13, Jan. 20 and Jan. 27 Digests.

  • Read more about Tech Talkin' Govs, Part IV

Oklahoma Governor's Budget Consolidates OCAST and Commerce

Wednesday, February 10, 2010

The Oklahoma Center for the Advancement of Science and Technology (OCAST) is among a list of 16 state agencies slated for consolidation in Gov. Brad Henry's budget proposal, which he says will result in cost savings of $5.3 million. Under the proposal, OCAST would be moved to the Department of Commerce, along with Aeronautics, Indian Affairs and the Oklahoma Space Industry Development Authority. Funding for OCAST would be reduced by 3 percent, for a total $19.8 million in FY11. OCAST provides funding and resources to help businesses develop and commercialize technologies.

  • Read more about Oklahoma Governor's Budget Consolidates OCAST and Commerce

Connecticut Gov. Proposes Economic Recovery Initiatives, Cuts TBED

Wednesday, February 10, 2010

Gov. Jodi Rell last week unveiled her FY11 midterm budget adjustments, eliminating or reducing funding for several TBED initiatives in the second year of the biennium. At the same time, the governor proposed an economic recovery package that includes a lending program for small businesses, a student loan forgiveness program to retain green collar workers, and a sales tax exemption for green energy industries.

  • Read more about Connecticut Gov. Proposes Economic Recovery Initiatives, Cuts TBED

Still #1, U.S. Patenting Falls 11.4% in 2009; China Jumps to #5 With 29.7% Growth

Wednesday, February 10, 2010

International patent filings fell by 4.5 percent in 2009 with sharper than average declines experienced by some industrialized countries and growth in a number of East Asian countries, according to the World Intellectual Property Organization. With 45,790 applications, the U.S. filing rate dropped 11.4 percent in 2009, but maintained its top ranking by filing just under a third of all international applications.

  • Read more about Still #1, U.S. Patenting Falls 11.4% in 2009; China Jumps to #5 With 29.7% Growth

NSF: U.S. R&D Spending Continued to Grow in 2008

Wednesday, February 10, 2010

Despite the depth of the economic recession, preliminary estimates by the National Science Foundation indicate that U.S. R&D expenditures totaled $397.6 billion in 2008, up from $372.5 billion in 2007. This increase in overall national R&D performance represented growth in 2008 of 6.7 percent over the 2007 level. It also substantially exceeded the pace of growth in U.S. gross domestic product over the same year, which was 3.3 percent.

  • Read more about NSF: U.S. R&D Spending Continued to Grow in 2008

Tech Talkin' Govs, Part V

Wednesday, February 17, 2010

Tech Talkin' Govs, Part V
The fifth installment of SSTI's Tech Talkin' Govs' series includes excerpts from speeches delivered in Minnesota, New Jersey, and Tennessee. The first four installments are available in the Jan. 13, Jan. 20, Jan. 27, and Feb. 10 Digests.

  • Read more about Tech Talkin' Govs, Part V

Tech Talkin' Govs, Part V

Wednesday, February 17, 2010

The fifth installment of SSTI's Tech Talkin' Govs' series includes excerpts from speeches delivered in Minnesota, New Jersey, and Tennessee. The first four installments are available in the Jan. 13, Jan. 20, Jan. 27, and Feb. 10 Digests.

  • Read more about Tech Talkin' Govs, Part V

Competing Massachusetts Bills Have Similar Goals: Consolidating TBED, Econ. Dev.

Wednesday, February 17, 2010

Two bills aiming to consolidate state agencies and establish incentives for job creation were introduced last week by Gov. Deval Patrick and Senate President Therese Murray. Gov. Patrick's bill would merge the Massachusetts Technology Development Corporation with the Massachusetts Community Development Finance Corporation and the Economic Stabilization Trust to form a new Massachusetts Growth Capital Corporation funded by a $25 million capital bond authorization and $15 million from the Emerging Technology Fund.

  • Read more about Competing Massachusetts Bills Have Similar Goals: Consolidating TBED, Econ. Dev.

Michigan Gov Plans to Boost Entrepreneurship, Unveils FY11 Budget

Wednesday, February 24, 2010

A plan to provide loans and specialized training to foster entrepreneurship recently was announced by Gov. Jennifer Granholm. The two-pronged, $43 million strategy consists of a loan partnership between credit unions and Michigan Small Business and Technology Development Centers with specialized training provided through the Michigan Economic Development Corporation's FastTrac NewVenture Program.

  • Read more about Michigan Gov Plans to Boost Entrepreneurship, Unveils FY11 Budget

Floridians Still Waiting for Bio Investments to Pay Off

Wednesday, February 24, 2010

Florida's efforts to boost it's biotechnology sector may not be paying off as quickly as originally hoped. A recent report finds that the $449 million invested through the Innovation Incentive Program has yet to result in industry growth in counties where the program's grantees have their facilities. The report, published by the Florida Office of Program Policy Analysis and Government Accountability (OPPAGA), suggests that the state's lack of early-stage capital for biotech startups may be contributing to the sluggish pace of development.

  • Read more about Floridians Still Waiting for Bio Investments to Pay Off

Should State R&D Funding Be Surveyed Annually?

Wednesday, February 24, 2010

Academic, industrial and federal R&D spending is surveyed annually by the National Science Foundation (NSF). Similar information regarding state R&D investments, however, only is captured periodically. The latest survey results, for fiscal years 2006 and 2007 were released this past December and used to create an SSTI Useful Stats table on state R&D intensity (see the Dec. 9, 2009 Digest). Is this information useful for state and local TBED practitioners and policy makers?

  • Read more about Should State R&D Funding Be Surveyed Annually?

Useful Stats: Total R&D Expenditures at Universities and Colleges

Wednesday, April 21, 2010

U.S. colleges and universities spent $51.9 billion on research and development (R&D) in 2008, according to new data from the National Science Foundation (NSF). National R&D spending increased 5 percent in 2008 over 2007 spending and 29.4 percent over the spending levels five years earlier. Between 2003 and 2008, every state except Alaska increased its R&D spending. All except Alaska, Idaho, Maine, Mississippi and Wyoming increased their spending over 2007.

  • Read more about Useful Stats: Total R&D Expenditures at Universities and Colleges

VC and Renewable Energy Measures Win Legislative Support in Maine

Wednesday, April 28, 2010

Maine's 2010 legislative session wrapped up last week, ending on a relatively high note for tech-based economic development (TBED). Actions supporting TBED include a measure signed by Gov. John Baldacci to encourage venture capital investment in innovative companies and the legislature's approval of a bond package that includes $11 million for ocean wind energy demonstration sites through the University of Maine System.

  • Read more about VC and Renewable Energy Measures Win Legislative Support in Maine

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Recent Research: How can states ensure effectiveness of R&D incentives?

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Useful Stats: Higher education R&D expenditures reach $117 billion in FY 2024

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TBED Works: MTI delivers on economic growth by supporting early-stage companies in targeted sectors

Thursday, January 8, 2026

The Maine Technology Institute’s core mission is to use innovation to spur the development of new products, processes, and companies that strengthen the state’s economy. Finishing its 25th year of operations, MTI solidly illustrates how a sustained, focused yet flexible and creative strategy can deliver this mission. MTI has disbursed $387 million across 4,350 distinct projects throughout Maine since its founding, and that funding has leveraged over $2.2 billion in private sector matching investment. 

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