New Agency Spun Out of Illinois Coalition
Goal is improved service delivery, advocacy for tech community
To produce a more focused and effective effort in the areas of commercialization and advocacy, the Illinois Coalition has divided into two separate public-private organizations.
Illinois Governor Proposes Own Economic Stimulus Plan, Yet Cuts Funding for TBED Programs
Gov. Rod Blagojevich unveiled a $25 billion capital plan supporting, in small part, several energy and technology projects, while at the same time eliminating funding in his fiscal year 2009 operating budget for several TBED-related programs within the Department of Commerce and Economic Opportunity (DCEO).
People
C. Robert Eaton is resigning as president of MdBio, effective March 31, 2007, to pursue other opportunities in the private sector.
ATP Announces Details on Competition, Proposers’ Conferences
Approximately $60 million is expected to be available under a new Advanced Technology Program (ATP) competition to support high-risk industrial R&D projects, the program announced today.
Maryland Budget Includes 66% Increase for Stem Cell Research
As the 2007 legislative session in Maryland came to a close last week, Gov. Martin O'Malley celebrated an important victory for the future of life sciences with a $10 million increase for stem cell research and the creation of a life sciences advisory board. Gov. O'Malley requested the 66 percent increase during his Jan. 31 State of the State Address (see the Feb. 19, 2007 issue of the Digest).
People & TBED Organizations
Publisher's Note: SSTI notes with much sadness the March 5 passing of Indiana State Sen. David Ford, following a battle with pancreatic cancer. David was a good friend not only of SSTI's, but also of the tech-based economic development community across the nation. In addition to being a tireless and cheerful advocate for investing in science and technology, he was also a gentleman in the true sense of the word, and we miss him greatly.
People & TBED Organizations
The Beaver County (Pa.) CO-OP announced it will change its name to StartingGate. The incubator will continue to assist entrepreneurs and new business start-ups and help expand existing businesses.
Joe Dedman was chosen as the first executive director of the Southeast Indiana WIRED.
Brian DuBoff was named the director of Maryland's southern region Small Business Development Center, which is hosted by the College of Southern Maryland.
People
John Austin is the newly appointed executive director of the New Economy Initiative for Southeast Michigan.
Tom Cech announced he will return to the University of Colorado at Boulder next year to pursue laboratory research and teaching after eight years as president of the Howard Hughes Medical Institute.
Research Initiatives Slated for Funding in Approved State Budgets
Lawmakers in Georgia and Maryland approved action earlier this month on several TBED-related measures for the upcoming fiscal year. Highlights of the approved budgets are outlined below.
Georgia
Recent Research: Measuring the Effectiveness of State R&D Tax Credits
Two weeks ago, Idaho Gov. C.L. “Butch” Otter vetoed legislation to repeal state R&D income tax credits for Idaho companies. Among his reasons for the veto, Gov. Otter claimed removing the credits would put Idaho at a competitive disadvantage because surrounding states over similar incentives. Was he right?
NSF Finds State Agencies Spent $1.1B for R&D in FY 2006
In its first state R&D survey since 1998, the National Science Foundation (NSF) finds 252 different state agencies across the country directly supported R&D and R&D facilities totaling $1.1 billion in fiscal year 2006. The survey, released this morning, was conducted for NSF by the U.S. Census Bureau.
Illinois Tech Index Launched
Last week, NASDAQ saw the debut of the Illinois Tech Index (symbol: ILTI), currently recognized as the only technology index in the U.S. tracking publicly traded technology companies within an individual state. Based on 61 firms with their headquarters in Illinois, the Illinois Tech Index is derived from the aggregate value of the firms’ total shares outstanding. When the index officially started on Monday, May 19, the base value of the ILTI was 1000.00. As of Wednesday’s close of markets, the Index finished at 969.20.
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.
People & TBED Organizations
The Aerospace, Manufacturing and Information Technology (AMIT) Cluster of Southern Arizona has consolidated its operations with the Arizona Technology Council.
Maryland Governor Outlines 9-Point Strategy for $1.1B Bioscience Initiative
Gov. Martin O’Malley announced this week a proposal to build Maryland's reputation as a global leader in biosciences with a $1.1 billion investment.
Exciting Opportunities Available on SSTI’s Job Corner
Did your New Year's resolutions involve making a career change? If so and you've yet to fulfill that resolution, visit the SSTI Job Corner at http://www.ssti.org/posting.htm.
In addition to the new opportunities described below, the SSTI Job Corner has openings for these positions:
People
Gov. Martin O'Malley has appointed Clarence Bishop to serve as interim secretary of the Maryland Department of Business and Economic Development, replacing Aris Melissaratos.
Illinois Boosts TBED Strategy with New Entrepreneurship Initiatives
With rumors of recession building, several of the nation’s governors are announcing new TBED-focused initiatives in 2008 – many of which will be presented to lawmakers for funding in the coming months. In Illinois, Gov. Rod Blagojevich unveiled two new initiatives encouraging entrepreneurship to grow high-technology businesses throughout the state.
Maryland Budget Maintains State Investment in Biotech
Funding for several TBED-focused initiatives aimed at increasing the state’s biotech portfolio is prominent in Gov. Martin O’Malley’s fiscal year 2009 budget proposal. Under the recommendation, stem cell research, biotechnology and nanotechnology are targeted for investments to grow the state’s economy, building on the actions of the 2007 legislative session (see the April 16, 2007 issue of the Digest).
People & TBED Organizations
The Great Lakes Entrepreneur's Quest hired Diane Durance as its new executive director, succeeding Art DeMonte, now a full-time business consultant. Durance formerly was president of the Ann Arbor IT Zone.
People & TBED Organizations
Lisa Porter was named the first director of the new Intelligence Advanced Research Projects Activity. Porter, NASA's associate administrator of the Aeronautics Research Mission Directorate, said she will leave the agency in February.
New ATP Solicitation Forthcoming
The National Institute of Standards and Technology (NIST) recently announced the Advanced Technology Program (ATP) will conduct a new competition in fiscal year 2007 for cost-shared awards to support high-risk industrial R&D.
People
John Wasilisin was named deputy executive director of the Maryland Technology Development Corporation.
SSTI Conference Exhibit Space Sold Out
Fantastic Marketing Opportunities Still Available Excitement for SSTI's 11th annual conference is growing as the entire exhibit space is now sold out - several months before the event. There are, however, several other options available to build awareness of your TBED program and generate beneficial relationships with the nation's top state and regional TBED decision makers at this year's event.
TBED People
Dr. Dean Chang has joined the Maryland Technology Enterprise Institute as the new director of MTECH Ventures.