Venture Capital Fund for North Carolina Research Campus Doubles to $200M
The venture capital fund investing in biotechnology companies that locate to the North Carolina Research Campus is doubling its holdings to $200 million. This substantial increase is a result of a donation provided by David Murdock, the billionaire businessman and owner of Castle and Cooke Inc. who also provided the initial $100 million to start the fund. The venture capital fund is an integral component of the $1.5 billion biotechnology hub being constructed in Kannapolis, N.C.
People
The Northern Colorado Economic Development Corp. has named Larry Penley, president of Colorado State University, the recipient of its first Regional Economic Development Excellence Award.
Resources Focus on Innovative Practices at Rural Community Colleges
Regional Technology Strategies, Inc. (RTS), a national nonprofit workforce and economic development group based in Carrboro, N.C., has published Cultivating Successful Rural Economies: Benchmark Practices at Community Colleges.
Understanding Renewable Energy's Role in Rural ED
An increasing number of states are realizing the potential role renewable energy can play in their tech-based economic development strategies (TBED) and future growth.
People
The Fuqua School of Business at Duke University announced that Jon Fjeld is the executive director of its recently unveiled Center for Entrepreneurship and Innovation.
People
Hunt Lambert was selected as the new associate vice president for economic development in the Colorado State University system.
Tech Talkin' Govs, Part II
SSTI Job Corner
Complete descriptions of these opportunities and others are available at http://www.ssti.org/posting.htm.
North Carolina Charts a New Innovation Framework
TBED People and Organizations
Gov. Jim Douglas plans to merge the Vermont Departments of Economic Development and Housing and Community Affairs.
Election Preview: Voters to Decide on Statewide TBED Issues
While the Presidential election takes center stage on November 4, voters in several states also will cast their votes on statewide ballot issues affecting the TBED community. In addition to the 11 gubernatorial races and more than 5,800 state legislative seats up for grabs, voters across the nation will consider measures to provide funding for public education, expand investment in alternative and renewable energy, lift restrictions on stem-cell research, and eliminate income tax and state spending caps.
TBED People
Southern Growth hired Ted Abernathy, Jr., former Executive Vice President & COO of the Research Triangle Regional Partnership, to serve as its Executive Director, filling the vacancy created by Jim Clinton's resignation in September.
Several Statewide TBED Issues Win Voter Approval
The outcome of Tuesday's election resulted in several wins and some defeats for TBED among the more than 150 ballot measures presented to voters across the nation. Outlined below are the unofficial election results of select ballot measures from each state's respective election office and local media reports as of Wednesday, Nov. 5.
Elected Governors Stress Importance of TBED and Economic Development
Governor Outlines $12M Economic Stimulus Plan for Colorado
Annual Economic Impact of Biotechnology Exceeds $45 Billion in North Carolina
North Carolina's $1.2 billion dollar investment in bioscience over the past decade has helped to build a $45 billion dollar a year industry in the state, according to a new study released by the North Carolina Biotechnology Center. The report finds that North Carolina's bioscience employment numbers have grown 18.5 percent since 2001, the fastest in the nation.
Research Park Round Up
The following overview is a synopsis of select recent announcements from research parks across the nation, including groundbreakings and development plans to support vibrant regional economies based on science, technology and innovation.
Sponsor: Bill will create jobs
Doug Johnson of UniverCity Connections believes a bill providing tax credits to angel investors putting their money into start-up companies will create hundreds of new jobs in Colorado and help stimulate the lagging state economy.
Superclusters push CSU inventions
Superclusters can be explosive.
Colorado State University this week announced that its researchers have more than doubled the number of inventions, a phenomenal effort in two years. University officials attribute the success to the supercluster concept, which unites researchers with those in the private sector who can take their ideas and run, such as business experts, patent attorneys, marketers, etc. While the superclusters don't create new research, they foster it by speeding the transfer of technology from research to implementation.
Energy RoundUp : States, Governors and Feds Turn Attention to Need for Clean Energy
National Governors Association
University Initiatives Benefit from North Carolina Surplus
North Carolina legislators approved last week the fiscal year 2008-09 budget adjustment, providing additional funds for several TBED initiatives within the higher education system. Earlier this year, Gov. Mike Easley unveiled recommendations to use surplus funds to expand university projects aimed at supporting TBED (see the May 14, 2008 issue of the Digest).
TBED People
- Tony Armstrong, Indiana University executive director for engagement, has been chosen as the Indiana University Research and Technology Corporations new president and CEO.
- Jeff Costantine will retire this fiscal year as president of the Nashville Technology Council. The board of directors has begun the search for a new president.
Incubator RoundUp: Encouraging Entrepreneurship and Supporting Tech Commercialization
Technology-focused incubators are an important component to fostering entrepreneurial development in a region by nurturing businesses in the earliest stages of development and helping them grow into larger companies that employ high-wage workers and bring new technologies to the market. The following select announcements provide an overview of new incubators from across the nation, illustrating the vital role of entrepreneurial development in growing high-tech regional economies.