U.S. Completes $531M Contribution to Large Hadron Collider Project
The U.S. Department of Energy and the National Science Foundation recently announced that the U.S. had completed its contribution to the international Large Hadron Collider (LHC) Project on budget and ahead of schedule. By the end of the year, the LHC at the European Organization for Nuclear Research (CERN) laboratory near Geneva will generate its first particle collisions and research output. Total U.S. contribution to the project is about $531 million of the $5.89 billion cost of the project. Although the U.S.
People
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.
People
Jim Rice, with the Information Technology Association of Wisconsin, announced his departure as the organization’s first president.
People & TBED Organizations
Lori Broyles was appointed coordinator of the Women's Business Center in Oklahoma City.
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;
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.
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.
Research Park RoundUp
The following overview is a synopsis of select recent announcements from research parks across the world, including groundbreakings and development plans to support vibrant regional economies based on science, technology and innovation.
Microsystems and Nanotechnology Product Center Opens in Alberta
The Alberta Center for Advanced Microsystems and Nanotechnology Products (ACAMP), funded with $8 million from the provincial Alberta government and $3.5 million from the Canadian government, recently commenced operations in the Edmonton Research Park. The new program will be structured around three central components to assist commercialization in this area: packaging and assembly, product development, and marketing.
U. of Wisconsin Opens First Building of $600 Million Medical Research Project
As many stories in this issue of the Digest point out, academic institutions serve a critical role in performing R&D for the nation’s innovation pipeline. While most of the attention of national policymakers is directed toward the size of federal and industrial investments in R&D, the burden of financing the infrastructure to support much of that research activity falls on states and institutions of higher education. And that burden has a steep price tag.
TBED People
- Tony Armstrong, Indiana University executive director for engagement, has been chosen as the Indiana University Research and Technology Corporations new president and CEO.
- Jeff Costantine will retire this fiscal year as president of the Nashville Technology Council. The board of directors has begun the search for a new president.
University of Waterloo Opens "Dorm-cubator" Residence to Student Entrepreneurs
Incubator RoundUp: Encouraging Entrepreneurship and Supporting Tech Commercialization
Technology-focused incubators are an important component to fostering entrepreneurial development in a region by nurturing businesses in the earliest stages of development and helping them grow into larger companies that employ high-wage workers and bring new technologies to the market. The following select announcements provide an overview of new incubators from across the nation, illustrating the vital role of entrepreneurial development in growing high-tech regional economies.
TBED People
John Hindman announced his resignation as secretary of the Kentucky Cabinet for Economic Development.
Governor Rick Perry recently announced Alan Kirchhoff of Austin has been promoted to director of Texas Emerging Technology Fund (TETF). Kirchhoff replaces longtime Perry advisor and former TETF director Mark Ellison, who left the Governor's Office to become associate vice chancellor of economic development for the Texas A&M University System beginning Oct. 1, 2008.
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.
Two New Initiatives Aim to ‘Innovate’ and ‘Accelerate’ Wisconsin
Gov. Jim Doyle announced two new initiatives focusing on investments in manufacturing R&D and increasing angel and venture capital investment to grow new businesses.
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.
People & TBED Organizations
Colin Scanes is the new vice chancellor for research and economic development at the University of Wisconsin-Milwaukee. Scanes formerly was the chief economic development strategist at Mississippi State University.
Better Late than Never: Wisconsin Budget Supports Energy, TBED and University R&D
Nearly four months into the current fiscal year, Wisconsin Gov. Jim Doyle signed into law the biennial 2007-09 budget last week, investing in renewable energy, university R&D and expanding tax credits to attract angel and venture capital investment.
Wisconsin Manufacturers Face Opportunities, Challenges
Wisconsin manufacturers must adapt to a fast-changing world in order to grow and succeed in the 21st century. That is the thrust of a recent study of the state’s industrial economy recently released by the Wisconsin Manufacturing Extension Partnership (WMEP).