With assets totalling more than $15 billion, the Indiana Public Employees Retirement Fund (PERF) has decided to place $100 million into higher-risk equity placements through its first Indiana Investment Fund. The fund will exclusively target venture capital deals within Indiana, according to the PERF news release. Like pension funds in many states, PERF has a requirement to place a certain percentage of its assets in private equity. The PERF goal is 5 percent and includes real estate deals as well.

Maryland General Assembly approval of a $1 million boost for the Maryland Industrial Partnerships (MIPS) Program, one of the nation's oldest continually run programs to support university-industry research projects leading to technology commercialization, marks a 74 percent increase above the $1.35 million program budget for 2006. The increase was proposed by Gov.

Supporters of NIST's Advanced Technology Program (ATP) have weathered years of attempts by members of the House and the Bush Administration to eliminate the program, but this may be the biggest hurdle yet: The Senate Appropriations Committee approved language calling for the program's termination as part of the Department of Commerce fiscal year 2007 appropriations. The first of only two ATP-related sentences included in the Senate Committee report 109-580 accompanying H.R.

The materials research and development programs of nine federal departments and agencies are available in a new report, The Federal Research and Development Program in Materials Science and Technology 1995. The report was developed as a guide for materials researchers in industry, government, and universities. The emphasis in the report is on R&D directly linked to industrial applications, particularly in the areas of aeronautics, automotive technology, electronics, environmental technology, and infrastructure.

The National Institute of Standards and Technology (NIST) is seeking candidates to fill the position of Associate Director for Regional Programs. Responsibilities will include the creation, planning, evaluation and maintenance of a national network of state and local technology assistance providers to develop and enhance their capabilities to meet the needs of small and medium sized manufacturers.

The Advanced Technology Program (ATP) of the National Institute for Standards and Technology (NIST) has announced a public meeting to bring together all ATP awardees of the ATP Tools for DNA Diagnostics program "to present an overview of the non-proprietary aspects of their research and development activities." The goals of the meeting are to: "inform the DNA diagnostics community about activities at this stage of the focused program, promote cross-fertilization of concepts and efforts, promote strategic partnering across companies a

Small and medium-sized manufacturers looking for assistance in solving technical and business problems now have improved access to the Manufacturing Extension Partnership (MEP). MEP is a nationwide network of locally managed centers in 42 states and Puerto Rico offering technical assistance to smaller manufacturers.

Just over a year since its creation, the Indiana Economic Development Corporation (IEDC) has released a strategic plan calling for the state to potentially increase its support for several new tech-based economic development initiatives. IEDC's Accelerating Growth: Indiana's Strategic Development Plan outlines nearly two dozen action items along three themes: innovation, talent and investment.

Candidates are sought for a Senior Executive position (Salary $100,000+) to provide visionary and high level leadership for the Maryland Technology Development Corporation, a new statewide technology transfer and commercialization nonprofit organization. Resume and salary requirements must be submitted no later than July 12, 1999.

The United States Innovation Partnership (USIP) reported on a recent roundtable discussion on the 21st Century Economy. The topic of the discussion was the role of states in science and technology. The roundtable highlighted "best practices" in technology-based economic development in five states (Oklahoma, Kansas, Indiana, Utah, and Pennsylvania).

The Maryland Department of Business and Economic Development appointed Christine Plater as its new director of small business programs.

The expected economic benefits from the Advanced Technology Program far outweigh program costs, according to a new report issued by the U.S. Department of Commerce's National Institute of Standards and Technology.

The Indianapolis-based Lilly Foundation is providing nearly $60 million in two grants to help make Indiana more competitive for technology research and education and high-tech business development. The grants were made to Indiana University and the Rose-Hulman Institute of Technology.

Dr. Lura Powell, Director of the Advanced Technology Program (ATP) since 1995, has decided to take early retirement from the National Institute of Standards & Technology and pursue career opportunities in the private sector. Because of the voluntary early retirement option deadline, Dr. Powell’s retirement was effective September 30.

The State of Maryland has created a new Small Business Programs unit as part of the Governor's Office of Business Advocacy and Small Business Assistance.

With last week’s release of “The Maryland Innovation and Technology Index 1999,” Maryland became the latest state to release an “S&T report card” as they are also sometimes called. Indices have become popular tools for benchmarking a state’s or region’s comparative position across several technological, economic, and social

The Manufacturing Extension Partnership (MEP) of the National Institute of Standards and Technology is seeking to fill two positions at its Gaithersburg headquarters. Both positions — an Evaluation Program Leader and an Evaluation Specialist — will work on MEP program evaluation, economic impact measurement, and data interpretation efforts. Resumes will be accepted until the positions are filled.

Last week, Indiana Governor Frank O'Bannon named the Board of Directors to oversee the design and administration of the new 21st Century Research & Technology Fund. By law, the Lieutenant Governor serves as chairman for the board.

Phil Singerman, the head of the U.S. Department of Commerce's Economic Development Adminstration, was named president of the new Maryland Technology Economic Development Corporation.