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People

Monday, December 12, 2005

The Dingman Center for Entrepreneurship at the University of Maryland, College Park named Dan Goodman as its first technology commercialization fellow.

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People

Monday, December 12, 2005

The 82nd Annual Congress of Cities in Charlotte, N.C., elected Jim Hunt, a councilmember of Clarksburg, W.Va., as the new president of the National League of Cities. Hunt follows Washington, D.C., Mayor Anthony A. Williams.

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People

Monday, December 12, 2005

The Association of University Technology Managers (AUTM) selected Vicki Loise as its first executive director.

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People

Monday, December 12, 2005

Indiana Gov. Mitch Daniels named Mitch Maurer, president of the Indiana Economic Development Corporation (IEDC), as the new state secretary of commerce. Maurer replaces Pat Miller, who stepped down to resume her role as president and CEO of her company, Vera Bradley Designs, Inc.

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People

Monday, December 12, 2005

BioMed SA, a recently founded technology council to promote the development of San Antonio’s health and bioscience community, selected Ann Stevens to serve as its first executive director.

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Despite Budget Woes, Virginia Governor Proposes Major Investments in University R&D

Wednesday, December 19, 2007

Facing a projected budget deficit of more than $600 million, Gov. Tim Kaine told lawmakers the state must invest more money in research and commercialization efforts to accelerate Virginia’s progress in key areas.

 

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Hawaii Supplemental Budget Request Expands Funding for Innovation Initiatives

Wednesday, December 19, 2007

Building on a successful legislative session in 2007, Gov. Lingle is requesting additional funds to supplement various ongoing TBED programs.

 

  • Read more about Hawaii Supplemental Budget Request Expands Funding for Innovation Initiatives

Montana Fund-of-Fund Launches after Two-year Delay

Wednesday, December 19, 2007

A long-delayed equity capital program in Montana is on its way to becoming a reality. Montana, which received no venture capital investment in 2006 according to the PricewaterhouseCoopers Moneytree survey, has struggled to attract the interest of venture capital firms. The Montana Equity Capital Investment Act, sponsored by State Sen. Jeff Mangan and signed by Gov. Brian Schweitzer in 2005, was intended to make the state more attractive to outside investors, but never seemed to get off the ground.

 

  • Read more about Montana Fund-of-Fund Launches after Two-year Delay

New TBED Ideas Surfacing: Will They Endure?

Wednesday, December 19, 2007

Policymakers and practitioners continually seek new ideas to integrate into their overall TBED strategies in order to capitalize on innovative approaches and remain a competitive force in the global marketplace. Over the last few months, two new concepts in TBED aimed at supporting higher education have surfaced in New York and Wisconsin with two distinct goals: achieving the status of a world-renowned research capital and increasing college graduates to raise per capita income.

 

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FCC, Congress Debate New Approaches to Expanding Broadband Access

Wednesday, December 19, 2007

Earlier this year, the Organization for Economic Co-operation and Development (OECD) reported that the U.S. had fallen from fourth to 15th in broadband penetration among OECD countries (see the June 13, 2007 issue). This report came as little surprise to states that have been struggling to extend and improve high-speed Internet service, particularly in rural areas.

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Ontario’s RIN Dares Venture Where More TBED Must

Wednesday, December 19, 2007

By creating Ontario’s Regional Innovation Networks (ORIN) three years ago, the provincial government experimented with how to establish customized systems-specific, but network-integrated approaches to strengthening and supporting regional innovation.

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Recent Research: How Do New University Departments Affect the Knowledge Production in a Region?

Wednesday, December 19, 2007

In the quest for a region to become more innovative or attain higher levels of degree attainment, expanding the size of existing education institutions or increasing the number of community colleges and universities seems to be a somewhat practical strategy. But how long after these institutions are created or expanded do they produce a measurable impact on a region’s innovation environment?

 

  • Read more about Recent Research: How Do New University Departments Affect the Knowledge Production in a Region?

Useful Stats: 2006 USPTO Patents per 100,000 Employees by State

Wednesday, December 19, 2007

Patent activity is a commonly used indicator of a state or region’s innovation capacity. SSTI has prepared a table illustrating the number of patents issued from the U.S. Patent and Trademark Office (USPTO) per 100,000 employees for every state and the District of Columbia for each of the five years from 2002 to 2006. Additionally, the percent change in patents per employee over the five-year period was calculated. For the U.S.

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Michigan Gov. Signs Economic Stimulus Bill; Vetoes Tax Break Package

Monday, December 5, 2005

After several months of debate regarding a number of economic development initiatives, Michigan Gov. Jennifer Granholm signed into law a major economic stimulus bill. However, unhappy with portions of a separate tax break package for businesses, the governor vetoed two of the 10 bills.

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Education, Research Initiatives Slated for Funding in State Budgets

Wednesday, December 12, 2007

Just as several states have announced projected budget shortfalls, at least three governors have revealed stable fiscal conditions for the coming year with proposed funding to support new and expanded education and research initiatives.

 

South Dakota

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Study Finds Angel Groups Receive Returns Consistent with Other Investments

Wednesday, December 12, 2007

By nature, angel investing is a risky endeavor. Angels are often involved with unproven seed- and early-stage companies and are frequently the first outside investors to become involved in a new venture. Despite these risks, a report released by the Ewing Marion Kauffman Foundation and the Angel Capital Education Foundation argues that angel investors working through investor groups often achieve attractive returns.

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Hiring Additional Tenure-Track Faculty as a TBED Strategy

Wednesday, December 12, 2007

The University of Michigan announced last month that it will spend $30 million in the next five years to hire an additional 100 junior tenure-track faculty members to build multidisciplinary research and degree programs.

  • Read more about Hiring Additional Tenure-Track Faculty as a TBED Strategy

Stalling Budgets Add to Uncertain Times at National Laboratories

Wednesday, December 12, 2007

Federal budget uncertainties, higher health care and retirement benefit costs, a reduced retirement rate and added costs from a structural change from nonprofit lab management have all been mentioned as reasons for the enactment of a workforce reduction plan at Los Alamos National Laboratory. The goal is to decrease the number of lab employees by 500 to 700 workers, and the National Nuclear Security Administration has formally approved the plan, as outlined by Los Alamos’ Director Michael Anastasio.

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Useful Stats: 14 Years of Federal Support for Academic R&D by State, 1993-2006

Wednesday, December 12, 2007

Federal funding for R&D in academic science and engineering fields totaled more than $30 billion in fiscal year 2006, yet it was not enough to outpace inflation, according to data collected by the National Science Foundation (NSF). After adjusting for inflation, the 2.9 percent increase in federally funded academic R&D expenditures in FY 2006 from FY 2005 was actually a 0.1 percent decline.



  • Read more about Useful Stats: 14 Years of Federal Support for Academic R&D by State, 1993-2006

SSTI Brought 1,400+ Funding Opportunities to Subscribers in 2007

Wednesday, December 12, 2007

So far this year, SSTI's Funding Supplement has made its subscribers aware of more than 1,400 different opportunities to secure funding. If you aren't a subscriber, your client companies, academic researchers, and state and local TBED efforts are at a significant disadvantage!

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Michigan Lawmakers Approve Budget: 21st Century Jobs Fund Spared, Three Universities Receive Special Status

Wednesday, November 7, 2007

For the better part of the year, lawmakers in Michigan have faced the daunting task of balancing both a budget shortfall for fiscal year 2007 and a nearly $1.6 billion deficit for FY 2008. An agreement between Gov. Jennifer Granholm and lawmakers was reached in the early morning hours of Oct. 31, following a one-month extension of the deadline and a brief government shutdown.

  • Read more about Michigan Lawmakers Approve Budget: 21st Century Jobs Fund Spared, Three Universities Receive Special Status

People

Monday, November 21, 2005

Robert Cresanti was nominated by President Bush to become the next undersecretary of Commerce for Technology.

Jim Denn was named deputy executive director of the New York State Office of Science, Technology and Academic Research (NYSTAR).

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People

Monday, November 21, 2005

Robert Cresanti was nominated by President Bush to become the next undersecretary of Commerce for Technology.

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People

Monday, November 21, 2005

Jim Denn was named deputy executive director of the New York State Office of Science, Technology and Academic Research (NYSTAR).

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People

Monday, November 21, 2005

Peter Gold was appointed associate provost for economic initiatives at Rutgers-Camden.

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Recent news from the SSTI Digest

Universities as architects of regional innovation ecosystems

Wednesday, July 8, 2026
Ask most university leaders how their institution contributes to the regional economy and the answer is likely to include research expenditures, patents, startups, and jobs. Those measures remain important, but they overlook one of the university's most valuable contributions. In today’s economy, where innovation, talent, and technology shape how regions grow, universities are helping communities adapt, connect, and compete.
regionalism
innovation

TBED programs succeed by engaging with local communities

Wednesday, July 8, 2026
When a new TBED project comes to town, the TBED practitioners inside know the long-term benefits of technology-based economic development: they can see and understand their progress in building a strong economic foundation for their host region. But for community-based and workforce development organizations and K-12 education systems in the surrounding area, the TBED project might appear to be an opaque operation that operates independently of its neighbors.
tbed

What to expect when you’re expecting (investment returns)

Wednesday, July 8, 2026
Following SSTI’s recent look at the timing and type of exits, we continue our look at investment activity to characterize returns on investments so that TBED investors can more accurately project and adjust program parameters to support long-term sustainability. Accurate data on venture capital investment returns and fund performance on private investment vehicles is not readily or consistently available. Anecdotal stories  and the occasional press release on a major transaction exist, but VC exits are often done quietly. As such, parties interested in understanding performance outcomes must rely on focused reports and other aggregate data. 
investing
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