OCAST May Receive $12M Boost in FY 2009
Gov. Brad Henry unveiled the details of his fiscal year 2009 budget recommendation earlier this week, providing a substantial increase in funding to the state’s lead TBED agency and proposing a permanent funding mechanism for cutting-edge research through the EDGE Endowment.
Fed Considers Connection between Universities, Economic Growth
It won’t come to any surprise to Digest readers that there’s a connection between universities and economic prosperity. In addition to educating students and advancing science and technological innovation, the localized economic impact of institutions, alone, provides a buffer to economic swings for many mid-sized and smaller cities and college towns. How best to incorporate universities into regional tech-based economic development strategies without compromising core missions is an art not every community has mastered.
Illinois Governor Proposes $100M to Improve Capital Access
In his recent combined State of the State and budget address on March 7, Illinois Gov. Rod Blagojevich proposed the formation of the Illinois Community Assets Fund (ICAF), a $100 million venture designed to increase access to capital and financing to economically distressed communities and populations that have had inadequate access to mainstream capital markets within the state. The assets of ICAF would be contained within the State Treasury, and the Illinois Department of Commerce and Economic Opportunity (DCEO) would administer the fund.
No Digest Next Week
The SSTI Offices will be closed Wednesday, October 6 - Monday, October 11 due to the SSTI conference and in observance of the Columbus Day holiday.
Due to SSTI’s 3rd Annual Conference next week, the SSTI Weekly Digest will not be published on October 8.
People
Rose-Hulman Ventures President Jim Eifert and Executive Vice President Brij Khorana resigned their positions to return to faculty duties at the Rose-Hulman Institute of Technology.
Tech Talkin' Govs 2005, Part Three
The first two installments of SSTI's annual look at how TBED will play in the 2005 legislative priorities of the governors can be found in the Digest archives on our website: http://www.ssti.org/Digest/digest.htm
Indiana
Oklahoma Lawmakers Approve $40M Bioenergy Center, Cut EDGE
Oklahoma is one step closer to positioning itself as a leader in sustainable energy production, with the creation of a $40 million Bioenergy Center. The legislature passed SB 510 at the close of the 2007 session last month, establishing the Oklahoma Bioenergy Center announced by Gov. Brad Henry during his State-of-the-State Address earlier this year (see the Feb.
People & TBED Organizations
William Stephan has been appointed vice president of engagement for Indiana University, a new position aimed at furthing economic development and related outcomes.
People
Jay Tieber is the new president of the National Association of Seed and Venture Funds.
People
Peter Abramo has been named executive director of Cameron University’s Center of Emerging Technologies and Entrepreneurial Studies, effective Aug. 30.
People
The Purdue Research Foundation has appointed Robert J. Wichlinski as executive director of the new Purdue Technology Center of Northwest Indiana and Kathy DeGuilio-Fox as the center’s business development manager.
People
Indiana Gov. Joe Kernan has named David Dorff as the state's first director for the new Office of Small Business Advocacy.
People
The Board of Directors of BioCrossroads, Indiana's life sciences initiative, announced David Johnson would succeed Charles Schalliol as CEO.
Entrepreneurship Sustains Innovation and Boosts Growth
Public policies should seek ways to promote entrepreneurship in order to boost economic growth, according to a review of existing research by David Audretsch of Indiana University.
People
Indiana Gov.-elect Mitch Daniels recently named Michael "Mickey" Maurer as president of the Indiana Economic Development Corp.
People
Indiana Gov.-elect Mitch Daniels has named Chuck Schalliol as his budget director. Schalliol had been on loan from Eli Lilly and Co. since April to serve as president and CEO of Central Indiana's BioCrossroads.
Gubernatorial Election Results for 11 Races
Going into yesterday's elections, it was clear at least five states would have freshmen governors as three incumbents chose not to run for re-election and two incumbents lost their parties’ nominations to seek new terms. The five states were Missouri, Montana, Utah, Washington and West Virginia.
People
Effective Jan. 1, Donald Kuratko will be executive director for Indiana University's Johnson Center for Entrepreneurship and Innovation. Kuratko is currently runs Ball State University's entrepreneurship program.
People
Cameron Carter is serving as interim president and CEO of Indiana's TechPoint, following Donna Gastevich's resignation to spend more time with her family.
People and Organizational News
The Indiana Proteomics Consortium has changed its name to Inproteo.
People & Organizations
Robin Schabes, Chicago Mayor Richard Daley's special assistant for technology, has announced her resignation. Schabes staffed the Mayor's Council on Technology Advisors.
Illinois Governor's Budget Outlines TBED Activities
Speaking to a joint session of the House and Senate, Illinois Governor Rod Blagojevich recently presented his first budget, one that addresses a $5 billion budget crisis.
$50M Lilly Grant Boosts IU Genomics Initiative
For the second time in three years, the Lilly Endowment is demonstrating its strong commitment to Indiana University's role in life sciences education and research by awarding $50 million to advance the Indiana Genomics Initiative (INGEN).
People
Correction: In last week's People column, Tom Walker's new title was incorrect. Mr Walker is executive vice president and chief operating officer of the Oklahoma Technology Commercialization Center.
People
Tom Walker has been named executive vice president and chief operating officer of the Oklahoma Technology Commercialization Center.