New York City Launches Second Biotech Incubator Companies wanting to commercialize new technologies can now bring their companies to Brooklyn, with the June opening of a new technology incubator located near Downstate University's biochemistry department.

The National Institutes of Health (NIH), the largest federal funding source for life sciences research conducted by small tech firms, has selected the Larta Institute to manage its nationwide Commercialization Assistance Program. The multi-year $2.5 million award will target Phase II recipients of the NIH Small Business Innovation Research and Small Business Technology Transfer Programs (SBIR/STTR).

The U.S. Department of Labor (DOL) launched last month a $17.2 million national Biotechnology Worker Training Initiative in support of the President’s High Growth Job Training Initiative.

“This $17.2 million in training funds will recruit and train workers for jobs in the biotechnology field, which is expected to be one of the fastest growing sectors by 2012,” said Secretary of Labor Elaine Chao.

The U.S. Department of Commerce and the National Academy of Public Administration (NAPA) recently released reports making recommendations to address the challenges faced by the manufacturing industry. One of the recommendations in the NAPA report suggests creating a strategic plan that articulates the "next generation" of the Commerce Department's National Institute of Standards and Technology (NIST) Manufacturing Extension Partnership (MEP).

Although a significant gap still exists between women-led companies and their male counterparts, in terms of venture funding, some promising news may suggest a change in fortune for the former, a study released today by Growthink Research of Los Angeles and Chicago-based re:invention Inc. shows.

California voters will be at the forefront of a highly controversial issue this November when they are asked to decide on a $3 billion bond issue to fund stem cell research.

Only a handful of metropolitan areas have the critical mass necessary to ensure sustainability of their local biotech communities, according to America’s Biotech and Life Science Clusters, a new study from the Milken Institute. At the top of the list is San Diego, followed closely by Boston and the Raleigh-Durham-Chapel Hill metro area. Only another nine are in the running, the report contends.

NBIA Releases Revised Business Incubation Guide

Real estate developer Robert Klein II was selected as chairman of California's stem cell oversight committee.

One of the biggest obstacles for products drawing on alternative energy is finding a market big enough to bring the cost down of their new technologies to attract the larger more risk-adverse population of consumers. Californians are stepping up to the challenge after committing to invest nearly $3 billion over the next 10 years to aid in the shift to cleaner power.

The University of California (UC) is demonstrating success in several key areas under a compact designed to facilitate timely graduation. Findings of the first annual report reveal the university is achieving success in degree production in high priority areas for the state, effective community college transfer, and transfer of research innovations to the marketplace, according to the UC press office.

Commercialized research and Oregon's first signature research center are among those initiatives slated for funding in the governor's 2005-07 proposed biennial budget for the Oregon Economic and Community Development Department (OECDD). Gov. Ted Kulongoski's recommended budget, the "Oregon Principles," is centered around six core principles for targeted investments to deliver a strong return on taxpayer dollars.

Foundations and philanthropists are playing increasingly important financial roles for many academic and regional technology-based economic development (TBED) efforts. The latest issue of Philanthropy News Digest, the weekly electronic newsletter of the FoundationCenter, highlights three recent announcements that provide examples of the size, scope and opportunity presented by these types of awards. The announcements are summarized below.

For many university tech transfer operations, the need to generate revenues to support the office and attempt to meet the often pie-in-the-sky expectations of school administrators can force licensing efforts toward only the biggest deals. Thanks to a large donation to serve as an endowment, the University of Southern California (USC) Viterbi School of Engineering will be able to count on $1 million in interest income to support its technology transfer activities.

Dr. John Reed, president and CEO of The Burnham Institute, was appointed to the Independent Citizen's Oversight Committee that will govern the California Institute for Regenerative Medicine created last month.

Just as SSTI and other post-election analysts predicted, California’s recent passage of a $3 billion commitment to stem cell research is triggering responses from across the country. Wisconsin is the first to outline a specific, strategic reaction to the California referendum in an effort to retain or regain momentum in the race to encourage bio-based economic growth.

Using data from its 2004 Best Performing Cities Index, Milken has generated a comprehensive table ranking cities by one- and five-year measurements of job growth, wages and salaries, and relative high tech gross domestic product (GDP) growth, and other measurements.