Companies Sought for VC Conference
Companies seeking venture capital investments through the Great Midwest Venture Capital Conference have until August 25 to apply for consideration. The conference, this year taking place October 30-31 in Knoxville, Tennessee, annually draws around 200 investors and other financial professionals. The tenth annual event is organized by the Indiana Business Modernization and Technology Corporation and Technology 2020, located in Oak Ridge, Tennessee.
NSF Awards $45 Million to Pittsburgh Supercomputing Center
The next U.S. supercomputing system operating at speeds well beyond a trillion calculations per second will reside at the Pittsburgh Supercomputing Center (PSC) through an expected $45-million award from the National Science Foundation (NSF). Last week, the National Science Board (NSB), NSF's governing body, authorized the three-year award following a national competition.
Network of Incubators Proposed in Indiana
Purdue University plans to seek $15 million in matching funds from the state to establish and support five technology business incubators or regional technology centers around Indiana. The state also will be asked to provide $6.25 million in funding for administrative support over the first four years of the centers’ operations.
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Steven Zylstra, chair of the Technology Transfer Committee of the Arizona Governor's Strategic Partnership for Economic Development, has accepted the position of President and Chief Executive Officer of the Pittsburgh Technology Council and the Southwestern Pennsylvania Industrial Resource Center.
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Richard Bendis, an SSTI Board member, is leaving his position as president and CEO of Innovation Philadelphia to become president and CEO of True Product ID, Inc..
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The Pennsylvania NanoMaterials Commercialization Center selected Alan Brown as its executive director.
Organizational Updates
The Lehigh Valley Technology Network was launched mid-April in Bethlehem, Pennsylvania. Organizing efforts were led by the Lehigh Valley Chamber of Commerce, the Ben Franklin Technology Partners of Northeastern Pennsylvania and the Lehigh Valley Economic Development Corp. One of the Network's potential roles, according to The Morning Call, may be to serve as a liaison between high-tech entrepreneurs and a new angel capital group, the Northeast Pennsylvania Angel Network.
University of Pennsylvania Science Center Plans $600M Expansion Project
To further accommodate and cater to fledgling biotechnology, high-tech and start-up companies, the University of Pennsylvania Science Center in Philadelphia recently announced plans to add 1.85 million sq. ft. through the construction of six new buildings with retail and parking components.
Pennsylvania Governor Announces $100 Million to Seed Biotech Initiatives
On Wednesday, Pennsylvania Governor Mark Schweiker officially launched Pennsylvania's Life Sciences Greenhouse, an historic initiative to be spread among three regions of the state — Southeast, Southwest and Central Pennsylvania.
Lilly Foundation Commits Another $138M for Indiana Higher Ed
Few private foundations across the country have made a comparable commitment in size or duration toward improving a single state's ability to participate in a knowledge-based economy as the Lilly Foundation has for Indiana. The latest round, reported in this week's online Chronicle of Higher Education, promises a total of $138 million to match donations received by Indiana's accredited colleges and universities.
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Joseph Hornett has been selected to serve as senior vice president and treasurer of the nonprofit Purdue Research Foundation (PRF). Hornett currently is COO for Sport Service, Inc. in Indianapolis. PRF holds more than 130 properties and 10,000 acres of Indiana farmland near Purdue University, including the Purdue Research Park.
S&T Career Opportunities
Sue Rhoades is leaving her role as State Coordinator with Ben Franklin Technology Partners in Pennsylvania to take a position in the private sector. As a result, the Ben Franklin Technology Partners are seeking candidates to fill her position. The posting, as well as several other S&T career opportunities, is available on the SSTI website at: http://www.ssti.org/posting.htm
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Pete Tartline has resigned his position as president and CEO of the Technology Council of Central Pennsylvania.
Mentoring, Financing Linked for Pittsburgh Biotech Firms
Financial success for any start-up tech firm more often depends on adequate financing and proper management than the specific technology, experts say. Two tech-based economic development organizations in Pittsburgh have formed a new alliance to offer entrepreneurial life science firms with an eye toward greater sustainability and profitability.
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Elizabeth Gatewood has been named director of Wake Forest University's new Office of Entrepreneurship and Liberal Arts. At Indiana University, Gatewood was the Jack M. Chair of Entrepreneurship and the director of the Johnson Center for Entrepreneurship and Innovation.
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Barbara Schilberg and Gary Kurtzman have been named co-managing directors of the Biotechnology Greenhouse Corp. in Philadelphia. The organization is one of three "greenhouses" established as part of Pennsylvania's $100 million biotech initiative.
Indiana's 21st Century Research & Technology Fund, Tax Credits Survive
A massive state budget deficit, partisan squabbles, and a longstanding need to restructure the state's tax code almost derailed Indiana's largest commitment toward building a technology-based economy.
USIP Reports on State Best Practices Roundtable
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).
PENNSYLVANIA GOVERNOR PUSHES TECHNOLOGY INITIATIVES, TAX CUTS
In the state that created the Ben Franklin Centers in the early 1980s - models for several states’ first forays into S&T - Governor Tom Ridge has proposed a wide range of new initiatives to promote R&D investment, technology development, and commercialization within Pennsylvania.
BMT HIGHLIGHTS YEAR OF CHANGE
The 1998 annual report of the Indiana Business Modernization and Technology Corporation (BMT) addresses various changes encountered by the organization this year.
Ben Franklin had $2.9 Billion Economic Impact, Report Says
Pennsylvania’s $187 million investment in the Ben Franklin Partnership boosted the state’s economy by $2.9 billion between 1989 and 1996, according to a new economic impact study. A Record of Achievement: The Economic Impact of the Ben Franklin Partnership concludes that between 1989 and 1996 the Ben Franklin Partnership achieved the following:
Foundation Grants $60 M to Indiana Colleges to Boost State’s Tech Competitiveness
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.
Job Corner: Innovation Philadelphia Seeks Manager of Marketing and Communications
Innovation Philadelphia, a nonprofit public-private partnership dedicated to growing the wealth and the workforce of the Greater Philadelphia Region, is seeking a full-time manager of marketing and communications to start immediately.
$50 Million Research & Technology Fund Underway In Indiana
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.
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Douglas Goodall has been appointed CEO of Innovation Works, the successor to the Ben Franklin Technology Center of Western Pennsylvania.