Incubator RoundUp: Growing and Sustaining High Technology Companies
Offering customized workspace such as wet laboratories and specialized research equipment is one of the many benefits provided by technology-focused incubators. Access to university research, business mentoring and administrative support services often accompany the reduced rent facilities with the goal of growing technology companies into successful, self-sustaining enterprises. Following are select announcements of recently launched incubators and partnerships from across the nation.
Florida Pension Fund to Invest $1.95B in 'Technology and Growth' Industries
Florida Gov. Charlie Crist paid a visit to Wall Street last week to celebrate the signing of a new law that will increase the state retirement fund's investment in high-tech industries. Under the new legislation, the Florida State Retirement System will dedicate up to 1.5 percent of the system's trust fund to technology and growth investments. The Miami Herald estimates that this could provide nearly $2 billion for high-tech industries in the state.
Recent Research: Do State Merit-Based Scholarship Initiatives Decrease Enrollment in the STEM Fields?
Since the inception of the HOPE scholarship program in Georgia 15 years ago, the number of state-sponsored merit-based scholarship initiatives to increase the number of students attending in-state colleges and universities has increased throughout the country. One such statewide initiative, Florida’s Bright Futures Program, was established in 1997 and has since become the second largest merit-based scholarship program in the U.S. At the recent annual forum of the Association of Institutional Research held in Seattle, Dr.
Enacted Budget Allocates $79M to Promote Energy Diversity in Florida
Gov. Charlie Crist signed the fiscal year 2008-09 budget into law last week, allocating nearly $79 million for energy-related projects to increase research and stimulate development and commercialization of alternative and renewable energy sources throughout Florida.
OPPAGA Recommends Next Steps for Florida Biotech
A recent report by the Florida Legislature’s Office of Program Policy and Government Accountability (OPPAGA) recommends the state’s next steps to develop its biotechnology industry should include the creation of a privately managed early-stage capital fund for investing in start-up companies, to be financed by the Legislature.
Stem Cell Research Target of More State Dollars in Iowa, Md., Fla.
In Iowa
Less than two weeks after his inauguration, Iowa Gov. Chet Culver called for the state legislature to lift the state ban on embryonic stem cell research. The ban was first instituted in 2002.
People
Gary Margules was appointed vice president for research and technology transfer at Nova Southeastern University.
People
Enterprise Florida selected Louis Laubscher to replace Howard Haug as its new senior vice president and COO.
New Jersey Plans $450M Stem Cell Referendum
State Also Begins Work on $150M Stem Cell Research Center An agreement between Gov. Jon Corzine and state legislative leaders will result in a $450 million bond referendum being put before New Jersey voters this fall. If approved, the money will be used to augment support for the state’s stem cell research initiative over the next 10 years.
People
Nick Sacia is the new executive director of the St. Johns County Chamber of Commerce in St. Augustine, Fla.
SSTI Job Corner
Complete descriptions of the position openings described below are available at http://www.ssti.org/posting.htm.
Florida Investing $400M+ for VC, Research Centers and Tech Transfer
This year, the Florida Legislature focused a great deal of attention on TBED issues, approving and continuing its support for several tech-related programs. Though Gov. Charlie Crist's proposed $20 million investment in stem cell research did not survive the legislative session, initiatives designed to encourage other cutting-edge research, improve access to capital and attract promising companies garnered more than $400 million in the state budget.
Knight Foundation Funds Creative Community Initiative
The John S. and James L. Knight Foundation, in partnership with the Richard Florida Creativity Group (RFCG), recently announced the formation of the Knight Creative Communities Initiative in three metropolitan areas of the country: Charlotte; Duluth, Minn./Superior, Wisc.; and, Tallahassee. The goal of the initiative, utilizing Dr. Florida’s theories on the importance of creativity and innovation for economic growth, is to produce through community dialogue a vision to enhance each region’s environment for ingenuity.
Florida County R&D Authority Awards Tech Commercialization Grants
Many communities around the country have established authorities to oversee the real estate, infrastructure and management issues of their technology parks. Few of those authorities, however, provide direct grants to support industry-university R&D or commercialization projects. This more proactive approach to growing future tenants is the thinking behind a pilot program created last year for the Leon County Research and Development Authority (LCRDA) in Tallahassee.
Is Public Higher Ed Threatened by Competition and Privatization?
Statewide efforts addressing all of higher education's public purposes are needed to combat the increasing competition and privatization sweeping the nation's public colleges and universities, says a new report from the Futures Project, Correcting Course: How We Can Restore the Ideals of Public Higher Education in a Market-Driven Era.
New Jersey Senate Approves $150M for Stem Cell Facility
Just over two months ago, Acting Gov. Richard Codey announced budget shortfalls were delaying the state's $380 million stem cell research initiative (see the April 25 issue of the Digest).
People
Darrell Kelley, CEO of Enterprise Florida for the past three years, will retire on Aug. 1.
South Carolina, Florida Get New Tech Councils
On Wednesday, South Carolina Governor Jim Hodges announced the appointment of a 38-member Steering Committee of the Technology Transition Team. The group, chaired by the president of the South Carolina operations of BellSouth, consists of business leaders, technology entrepreneurs, financial executives, research university leaders, and government representatives. Technology Transition Team responsibilities include:
More Funding for Higher Ed Sought in FL, OH, PA and TX Tied to Performance
Upbeat revenue forecasts and shared economic principles have Republican governors in four states requesting more funds for higher education tied to performance metrics or workforce outcomes. Recent budget proposals introduced in Florida, Ohio, Pennsylvania and Texas focus on competing for talent and jobs through efforts to encourage STEM learning and teaching and incentivizing outcomes such as graduating more students in high-demand fields, conducting research and more. College affordability is addressed through measures that would freeze tuition or cap increases.
Flurry of TBED Tax Incentives Pervade State Legislatures amid Increased Scrutiny
Measuring impact is critical to the success and sustainability of any economic development initiative, and as the national debate over fiscal austerity and taxpayer spending continues, TBED organizations can expect increased scrutiny and accountability for their investments.
TBED People and Orgs
Bill Kirkland will head the new Office of Economic Engagement that will begin operations July 1 at the University of South Carolina. The new entity will facilitate business development statewide, and work through USC&'s seven regional campuses.
John Carey, a former state representative, was appointed by Gov. John Kasich as the chancellor of the Ohio Board of Regents.
Florida Session Ends with Efforts to Expand Tech Commercialization, Elevate Universities
Lawmakers last week passed a $74.5 billion FY14 budget that expands efforts to commercialize research and boosts funds for life sciences and space-related investments. Under a sweeping new education bill, universities can qualify and receive additional resources as preeminent research universities. The measure also designates some higher education funding based on performance, and allows colleges to create low-cost degree programs.
States, Universities Seek Support for Research Infrastructure
Whether to attract federal grants, keep up with demand to graduate more highly skilled students, or advance the capabilities for research and exploration, universities are pushing for state funding to invest in science buildings and other infrastructure needed to expand research capacity and improve competitiveness. In New Jersey, a measure to approve $750 million in higher education borrowing to build and renovate campus facilities will go to the voters in November.
TBED and the 2012 Ballots
Voters in 37 states will decide on more than 170 ballot measures this year, many of which are related to tech-based economic development (TBED). Tax measures seem to be dominating ballots this year, with questions relating to both decreases and increases for sales, property and income taxes. Several states are counting on voters to agree to temporary increases to help fill budget deficits and ensure steady funding for education.
Universities, Foundations Working on Better Technologies, Methods for STEM Education
As evidenced in the recent presidential debates and on the campaign trails, STEM teaching and learning is a national priority for maintaining global competiveness. Several universities and foundations have taken the lead, working with partners to design innovative learning tools and create research-based, professional development support for new math and science teachers.