$10 Million Gift Opens Tech Center at Wharton
The William and Phyllis Mack Center for Technological Innovation was founded last month at the Wharton School of the University of Pennsylvania. The center is the product of a $10 million gift from William L. Mack, the president and senior managing partner of the Mack Organization — a national owner, investor and developer of warehouse facilities.
Life Sciences Wins Big in PA Tobacco Settlement Plan
After nearly two years of discussion between the state legislature and the Governor’s office, Pennsylvania has enacted a plan for its $11 billion share of the national tobacco settlement. The final plan includes $160 million in one-time outlays for research and commercialization of life science technologies and a formula ensuring research gets nearly one-fifth of the total money received over the 25-year span of the settlement agreement.
Highlights include:
Spillovers from Academic and Industrial R&D Examined
Is a strong university research component critical to local tech-based economic development? Many argue this position, including SSTI (Using Research and Development to Grow State Economies). Using data on royalties, licenses, and job creation figures, others have demonstrated the economic contributions of university R&D.
People
Mark Lang, CEO of the Ben Franklin Technology Partners of Northeastern Pennsylvania for the past 14 years, has announced his resignation.
Pennsylvania Works Toward $90 Million Life Sciences Initiative
Governor Tom Ridge’s $90 million plan to create a series of life science research/commercialization centers would be the largest, single technology initiative ever proposed in Pennsylvania, according to a recent press release from the Governor's office. The Life Sciences Greenhouse Initiative would be a network of innovation centers in Philadelphia, Pittsburgh and Harrisburg closely connected to university research activities.
People
Christopher Anderson has been promoted to become president of the Massachusetts High Technology Council. Prior to his appointment, Mr. Anderson served as vice president and general counsel to the organization.
Pennsylvania to Hold Summit to Create Commonwealth's Future
The Pennsylvania Department of Community and Economic Development, in concert with the Pennsylvania State University, are presenting the inaugural Creating Pennsylvania’s Future: A Higher Education, Economic and Community Development Summit, aimed at energizing institutions of higher education, busi
People
Dennis "Mickey" Flynn is the new president of Pennsylvania BIO.
People
Joe Alviani has resigned as Executive Director of the Massachusetts Technology Collaborative to accept a position in the private sector. MTC Executive Vice President Philip Holahan is serving as Interim Executive Director.
People
Pennsylvania Governor Tom Ridge has promoted Tim McNulty to the new position of Deputy Chief of Staff for Technology Initiatives.
Pennsylvania Budget Includes $208 Million for Tech-based ED, Research
Pennsylvania has been a leader in tech-based economic development for more than two decades. With more than $208 million for tech-based economic development initiatives, the 2001-02 Budget Request submitted by Governor Tom Ridge this week shows why the state remains at the forefront of the field.
Tech Talkin Govs V: The 2001 State of the State, Budget Addresses
Editor's Note: The fifth installment in our review of the Governors' inaugural addresses, state of the state addresses, and budget messages for 2001. The first four articles in the series were over the past four weeks. Those issues of the SSTI Weekly Digest and all other previous editions are available on our website: http://www.ssti.org/Digest/2001/headlines01.htm
Recent Working Papers: Defining and Measuring Productivity in the New Economy
It is widely argued in the tech-based economic development community that New Economy businesses, specifically computers and information technology, account for the tremendous economic growth of the last half of the 1990s. But does the data support this?
Recent Working Papers: Risk and Return of Venture Capital
Many tech-based economic development programs recognize the importance of having seed and venture capital accessible to their start up tech firms and entrepreneurs. Some practitioners, though, see a challenge in encouraging equity investment in more conservative, risk adverse regions and localities. The dot-com “correction” of last year probably did not help.
People
The Supercentenarian Research Foundation, a new nonprofit organization based in Pittsburgh, has selected outgoing Pittsburgh Life Sciences Greenhouse CEO Doros Platika as its chaiman.
Pennsylvania Launches $90M to Boost Clean Energy Innovation
Many states are now pursuing seed and venture investment strategies to support the growth of clean energy businesses. Last month, Pennsylvania concluded a year-long series of meetings with private sector investors, financial experts, and nonprofit state energy funds and introduced a $90 million strategy to leverage public and private capital for renewable energy. The plan links economic development and environmental protection in a manner intended to promote the state as a leader in emerging clean energy industries.
People
Dr. Anthony Green has been appointed vice president of regional technology initiatives for Ben Franklin Technology Partners of Southeastern Pennsylvania.
People
The Association of University Research Parks named the Science Center in Philadelphia "Outstanding Research Park of the Year."
People
The Hershey Center for Applied Research announced that Laura Butcher will serve as its first executive director, effective Jan. 3.
People
George Burrell is the new president and CEO of Innovation Philadelphia.
People
Krista Paternostro is the new vice president of operations at the Pittsburgh Technology Council.
State and Local Tech-based ED RoundUp
Albany, New York
Health Reseach Inc., a branch of the New York State Department of Health, is looking to move its Pharmacogenomics Institute to a vacant laboratory in Rensselaer Technology Park, according to a recent article published in the Times Union. The 25,000-square-foot building that housed the Virogenics Corp., a vaccine-research company that left in 2000, has not been officially purchased. The state expects to lease the site when the Rensselaer County Industrial Development Agency closes on the purchase.
SSTI Job Corner
Complete descriptions of these opportunities and others are available at http://www.ssti.org/posting.htm.
SSTI Job Postings
The Complete description of this opportunity and others are available at http://www.ssti.org/posting.htm.
2008 Excellence In TBED Winners Honored For Achievement In Building Tech-Based Economies
Four recipients selected as best practice models in technology-based economic development were honored during an awards ceremony last week in Cleveland during SSTI's 12th Annual Conference. The awards follow a national competition emphasizing impact and replicability in approaches to building and sustaining tech-based economies.