Recent Research: Israeli Model Provides Framework for Use of Research and Venture Capital Initiatives
During the 1990s, especially the mid- to late-part of the decade, many countries experienced booms in their high-tech and venture capital industries. Few, however, grew at the same pace as Israel.
Israeli entrepreneurs created eight times as many high-tech companies during the 1990s than in the previous decade and equity investment in Israeli start-ups grew from $50 million to $6.65 billion. The number of venture capital companies in the country jumped from two in 1990 to about 100 in 2000.
Luxembourg Partners with U.S. Firms for $200M Molecular Med Investment
On June 5, 2008, the government of the Grand Duchy of Luxembourg announced plans for a $200 million five-year molecular medicine initiative that draws on a strategic partnership involving three Luxembourg Public Research Centers (CRPs), the University of Luxembourg and three U.S. research institutes prominent in the field.
The U.S. research institutions include:
- Translational Genomics Research Institute (TGen) in Phoenix, led by Dr. Jeffrey Trent;
People & TBED Organizations
The Aerospace, Manufacturing and Information Technology (AMIT) Cluster of Southern Arizona has consolidated its operations with the Arizona Technology Council.
Alberta and Ontario Launch Tech and Venture Capital Initiatives
Last week, Premier Ed Stelmach of Alberta introduced a $170 million suite of initiatives to support high-tech economic development in the province. The government hopes that by providing support for commercialization from research to market it can attract high-tech entrepreneurs from other areas. Most of the province's investment will support the creation of the $100 million Alberta Enterprise Corporation to encourage venture capital investment.
Québec Commits $1B+ for Innovation & Research Strategy
The provincial government of Québec committed to infusing $888 million (Canadian) into its science and technology community over the next three years, as a result of the innovation and research strategy released earlier this month. The new investment is in addition to $278 million committed this year alone for research infrastructure and the Québec Aeronautical Industry Development Strategy.
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The Indiana Business Incubator Society announced its plans to become a formal organization.
People & TBED Organizations
Brenda Wyland will join the Research & Technology Park Inc. at North Dakota State University as the incubator manager, effective Feb. 1, 2008.
Recent Research: Why Do Manufacturing Firms Choose to Collaborate on Innovative Projects?
Manufacturing firms come in all shapes and sizes. Little ones. Big ones. Ones that need more labor from their employees to assemble components. Ones that need more R&D from their employees to design products.
NSF: 2006 R&D Spending Up, But Growth Rate Slows
The National Science Foundation (NSF) projects U.S. spending for R&D in 2006 will be 6 percent higher than it was in 2005, once all figures are compiled for all sources of funds surveyed: industry, the federal government, universities, colleges and other nonprofit institutions.
Useful Stats: Federal R&D Spending by State, Per Capita, 2000-2004
The National Science Foundation has released the 2004 results of its annual survey of Federal Funds for Research and Development series. The report provides a breakdown of federal R&D obligations by R&D and R&D plant for federal agency, type of performer, character of work, field of science and engineering, and geography.
As NSF Moves Closer to Historic Budget Increases, South Dakota Site Chosen for Underground National Lab
The deepest mine in the U.S. has been selected by the National Science Foundation as site of its Deep Underground Science and Engineering Laboratory. Also known as the “Homestake” in the Black Hills of South Dakota, the site contains 375 miles of tunnels, some extending more than 8,000 feet into the earth.
People & TBED Organizations
Canada's 17 research parks have agreed to join forces, creating a formal association.
India’s Government to Support 100 Incubators in Emerging Industries
The India Ministry of Micro, Small and Medium Enterprises announced last week a plan to provide funding to 50 universities and training institutions for the creation of up to 100 enterprise incubators within innovative fields.
NSB Releases Action Plan on STEM Education
Many Digest stories in recent years have described the actions of states and regions to build a stronger educational foundation in the science, technology, engineering, and mathematics (STEM) fields. The National Science Board (NSB), the policy-making body of the National Science Foundation, released its recommendations to improve the ability of all American students to receive the necessary skills and knowledge to successfully participate in the workforce of the future.
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John Wilkinson was promoted to minister of research and innovation in the Ontario cabinet.
Toronto Regional Innovation Gauge Released along with Other Competitiveness Reports
A handful of competitiveness reports have been released in the past two weeks, each comparing various geographic locations and incorporating a range of innovation metrics. Perhaps the publication garnering the most international press has been The Global Competitiveness Report 2007-2008 by the World Economic Forum.
The Clustering of Technology-based Economic Development Organizations
The theory of spatial clustering has been very popular in the TBED field for many years, as researchers attempt to explain the transformation of places like Silicon Valley and the reasons various locales are economically competitive. Practitioners have utilized the theory as a method to describe their own state and regional economies and to support the development of specific industries. As an industry cluster grows, additional benefits of agglomeration are realized.
Singapore Government, Private Industries Investing in Innovation
Three major announcements were made in Singapore last month focusing on R&D of new technologies and educating the workforce to produce specialized graduates in upcoming fields.
Ontario Launches Youth Entrepreneurship Program
Recognizing the economic benefits of engaging young people in science and technology, Ontario's McGuinty government recently launched the Youth Science and Technology Outreach Program. The new program links high school students with researchers to support in-depth mentorship experience and postsecondary career advice.
Recent Research: Tax Credits Are Good for Companies, But Do They Make Good Policy?
Do tax credits pave the way for more investment in R&D and equity investments in new enterprises? Or, do they reward companies and venture capitalists for investments they would have made anyway?
Discussions on these questions can become quite heated and fueled by data supportive of both sides, as two new academic analyses demonstrate.
Recent Research: Will Operating Costs Drive Future Biotech Location Decisions?
There are several factors that go into location decisions for biomedical firms. Proximity to strong university research capacity, other biotech businesses, and technically competent workers are all important considerations. With the financial investments many states and localities are making toward the life sciences, however, the field of prospective locations for successfully launching a biotech firm has grown considerably larger than the "usual suspects."
SW Virginia Study Identifies Challenges to Growth for Small Metros
While some regional assessments attempt to benchmark economic indicators of smaller regions to those of notable accomplishment such as Silicon Valley or Research Triangle Park, a new study from the Center for Regional Strategies at Virginia Tech compares regions with similar economic and demographic characteristics, a potentially more useful model for other metro areas.
Useful Stats: S&E Grad Students & Post-Docs by State, 2002
The National Science Foundation (NSF) has released Graduate Students and Postdoctorates in Science and Engineering: Fall 2002, a collection of 54 statistical tables presenting the distribution of graduate students in science and engineering (S&E) across population segments, fields of science or engineering, and by college and state. Overall long-term trends for S&E graduate students from 1975 to 2002 and short-term trends from 1995 to 2002 by detailed fields are presented as well.
Useful Stats: 2002 Federal S&E Obligations with Universities, by State
The National Science Foundation has released its report on Federal Science and Engineering (S&E) Support to Universities, Colleges and Nonprofit Institutions for Fiscal Year 2002, revealing the government distributed nearly $24.4 billion to the nation's research institutions during the year. The figure is 8.5 percent higher higher than the FY 2001 total of $22.5 billion.
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On Friday, President Bush announced his intention to nominate Michael D. Griffin, of Virginia, to be administrator of the National Aeronautics and Space Administration. Dr. Griffin currently serves as Space Department Head at Johns Hopkins University Applied Physics Laboratory. Prior to that, he was president and chief operating officer of In-Q-Tel, Inc.