The transition from finite energy sources such as fossil fuels to renewable energy sources is on. The U.S. government, European Union and China are directing billions into the development of renewable energies. Most states have adopted energy standards to encourage the change. Private investments in renewable energies also have surpassed investments in fossil fuel technologies. Economic opportunities and challenges for regions across the country abound as a result.

After this year's Big Reveal, Wednesday, Sept. 15 at lunch, join practitioners named as best practices in the field of tech-based economic development as they gather during a thought-provoking session to discuss only the most important issues for the TBED community — lessons learned, how to measure impact, and how to communicate success to sustain programs. SSTI is rolling out an entirely new format for the session this year designed to engage audience members through an intimate setting featuring an interview format led by Peggy Shults, President and CEO of Lytmos Group, LLC.

As an SSTI Conference Sponsor, you have the chance to showcase your organization with the decision makers responsible for crafting and implementing local and state-level policies and programs that directly contribute to the nation's competitiveness. Today's marketplace is about belonging and staying connected. No other event brings together so many of the nation's top players in the TBED community.

Specialized and high-tech incubators provide crucial services and resources to promote and enhance Commercialization & Entrepreneurship, one of the six thematic tracks of this year's annual conference. Three sessions tied to this theme will be explored during SSTI's annual conference, focusing on direct lessons from successful and proven TBED programs, regional innovation clustering, and more. They include:

• Distributed, Non-University Models for Commercializing New Technologies

Kevin Carr was named CEO of Kansas Technology Enterprise Corp., after serving as interim leader since June 2009. KTEC is a public-private partnership charged with promoting tech-based economic development throughout the state.

Four organizations were named winners of SSTI's 2010 Excellence in TBED Award, serving as national models for states and regions investing in science, technology and innovation to grow and sustain their economies and create high-paying jobs.

The Small Business Administration (SBA) announced the selection of 10 regional economic development and job creation efforts through a new pilot program, Innovative Economies, that supports small business participation in regional economic clusters. SBA's funding is designed to expand the opportunities and the role small businesses play in these regional collaborations. The awardees were selected from among 173 applicants. Awards went to organizations in: Alabama, California, Connecticut, Illinois, Michigan, Minnesota, Mississippi, North Carolina, Ohio and South Carolina.

TechColumbus is seeking a director of Information Technology Commercialization responsible for the business development of TechColumbus client companies, including assessment, evaluation and organized assistance to Information Technology/Computer Science client companies, with emphasis on proactive advising and guidance resulting in company success and wealth creation.

A complete description of this opportunity is available at: http://www.ssti.org/posting.htm.

This year as states were wrestling with significant deficits, several proposals to consolidate TBED initiatives with other units of government emerged. The most recently decided was in Connecticut, where the General Assembly did not move forward with a plan to merge the state's two primary financing agencies, Connecticut Innovations and the Connecticut Development Authority to form a new Connecticut Economic Innovations Authority. Gov. Jodi Rell had proposed the consolidation.

Halfway through its money and its first decade, Ohio's Third Frontier Initiative has helped generate a $6.6 billion impact for the state, according to an independent assessment released by the Ohio Department of Development (ODOD) on Tuesday. The report also credits the initiative's investments for creating 41,300 jobs within Ohio over the past five years.

President Obama has named Ron Bloom as the administration's senior counselor for manufacturing policy. Since, February, Bloom has been a senior adviser to Treasury Secretary Timothy Geithner, and he sits on the president's automotive industry task force.

The national recession that began at the end of 2007 is "very likely over," according to Federal Reserve Chairman Ben Bernanke. Recovery, however, may be a long way off. Because states were affected differently by the economic downturn in both timing and impact, recovery for state and local economies is likely to occur at different times. Moody's Economy.com predicts, according to an MSNBC article, that job growth will return first in five states: Colorado, Idaho, Oregon, Texas, and Washington.

The Board of Directors of the Oklahoma Manufacturing Alliance is seeking a new president who will play a leading role in developing strategy for modernizing Oklahoma's industrial base. The successful candidate will possess strong leadership skills, demonstrated administrative ability, entrepreneurial management skills, organizational awareness, political sensitivity, and the ability to establish rapport with numerous constituencies.

TBED People
Walter Bumphus has been named the next president and CEO of the American Association of Community Colleges. Bumphus currently serves as a professor in the Community College Leadership Program and chair of the Educational Administration Department at the University of Texas at Austin. Bumphus will begin his tenure with AACC in January.

Connecticut has certified its first fund manager under the state's revised Insurance Reinvestment Tax Credit program, which has now expanded beyond its focus on insurance-related companies to support early stage and high-tech firms. Advantage Capital Partners has raised $72 million to invest under the revamped program. Fund managers may invest in any Connecticut-based business. One quarter of the investments must support green technology firms, and three percent must go toward pre-seed stage projects.

Governors across the nation are trying to find ways to prevent their state finances from falling further in the red as revenues continue to fall while costs for Medicare and unemployment remain high. Deficit-reduction plans announced in two states seek to delay payments and cut funding to biomedical research initiatives that were established to expand the states’ research capacity and generate wealth.

Connecticut

NorTech, the Northeast Ohio Technology Coalition, seeks applications for a Vice President. Reporting to the president and CEO, and serving as an integral member of the senior management team, the VP will be responsible for the development of several NorTech initiatives including technology commercialization, flexible electronics cluster building, and support on government engagement.

This issue of the Digest unveils a new format and look for the Digest. Shorter but containing more material at the same time, we think this new format will permit you to get the most important news of the week for the TBED community in a format that works best for you. We consider literally hundreds of items each week for the Digest, so we’re particularly excited to introduce the Staff Picks section that will provide you with links to stories, videos, blog posts, etc. that we think you should be aware of.

NorTech, the Northeast Ohio Technology Coalition, seeks applications for a Vice President of Strategic Outreach. Reporting to the president and CEO, and serving as an integral member of the senior management team, the VP of Strategic Outreach will be responsible for the development of NorTech’s overall communication strategy and building relationships with key stakeholders.

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!

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

A complete description of this opportunity and others is available at http://www.ssti.org/posting.htm.

The 2008 Excellence in TBED Awards call for applications is right around the corner, and this year, your organization could be recognized as a national leader in the TBED community.

 

As an award winner, you:

Frank Dinucci announced he will step down in April 2007 as president of Connecticut Innovations.