People
Maryland's Department of Business and Economic Development has reorganized into three geographically defined divisions. Robert Hannon has been named to run the regional program.
Tobacco Settlement Board Commits Up to $20M for Life Sciences in Pa.
Pennsylvania's Tobacco Settlement Investment Board (TSIB) recently approved a commitment of up to $20 million to Birchmere Ventures III LP to invest in life sciences companies based in Pennsylvania. Birchmere Ventures III, a new fund jointly formed by Pittsburgh-based Birchmere Ventures and San Francisco-based Bay City Capital, will raise up to $150 million.
Maryland Releases 2nd Innovation and Technology Index
With the completion of the 2001 edition of the Maryland Innovation and Technology Index, the Maryland Technology Development Corporation (TEDCO) is able to show state policymakers and tech community leaders graphically and statistically the state’s progress since the first Index was prepared two years ago.
SSTI Conference News: Intro Sold Out, Room Block Extended
As with last year's conference, registration has been brisk for SSTI's 5th annual conference, Creating Opportunity: Tools for Building Tech-based Economies. To make sure the event is the quality and caliber expected of an SSTI event, we anticipate once again the event will sell out — possibly before the September 5 deadline for early registration. SSTI encourages interested parties to complete the registration form on their brochure or on the website at their earliest convenience.
Conference Sponsor Profile: The Advanced Technology Program
The Advanced Technology Program (ATP) bridges the gap between the research lab and the marketplace, stimulating prosperity through innovation. Through partnerships with the private sector, ATP's early stage investment is accelerating the development of innovative technologies that promise significant commercial payoffs. ATP exhibits four primary strengths:
Pittsburgh Mayor to Lead 'Tech City' Tour for SSTI Conference
Tom Murphy says when he first took office as Mayor of Pittsburgh in January 1994, the city was suffering from one of the worst inferiority complexes in its history. To be sure, Pittsburgh once was known first and foremost as being the capital of steelmaking in the U.S. By 1994, the devolution of U.S. steelmakers during the past 25 years had taken its toll on the steel city, physically, economically and psychologically.
Southeastern PA To Map Nanotechnology Assets
The Ben Franklin Technology Partners of Southeastern Pennsylvania has issued a Request for Proposals to develop an asset-mapping study of the nanotechnology sector in the four-state Philadelphia Consolidated Metropolitan Statistical Area.
Gov. Ridge to Keynote SSTI’s Fifth Annual Conference
Pennsylvania Governor Tom Ridge will deliver the keynote address at Creating Opportunity: Tools for Building Tech-Based Economies, SSTI’s Fifth Annual Conference, which will be held September 19-21, 2001 at the Omni William Penn in Pittsburgh.
People
Dennis J. Sysko is serving as interim president of the Anne Arundel County High Technology Council, following the resignation of president John G. Rice. Mr. Sysko, who is currently serving as the group's treasurer, will perform both roles until a replacement president is elected in January.
$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:
People
Ann Lansinger, the director of the Baltimore's Emerging Technology Center, has been named the first president of the Maryland Business Incubation Association, a new organization representing the state's eight publicly funded incubators in the state.
People
The Maryland Department of Business & Economic Development has hired Lawrence C. Mahan to serve as the state's senior biotech executive.
People
Mark Lang, CEO of the Ben Franklin Technology Partners of Northeastern Pennsylvania for the past 14 years, has announced his resignation.
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.
People
Aaron Greenfield will serve as the new director of the Anne Arundel County Economic Development Corp. in Maryland.
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.
Manufacturing Pivotal to Economic Growth, NIST Report Says
Because knowledge-based services can be supplied anywhere across the world due to increased international investment in IT infrastructure, future U.S. competitiveness hinges on diversification and broadening of the technology-based manufacturing sector, according to NIST Senior Economist George Tassey.
Biotech Plan for Southwestern Pennsylvania Released
To shed light on the strengths and weaknesses of the region's biotechnology cluster, Carnegie Mellon University's Center for Economic Development (CED) has published A Biotechnology Action Plan for Southwestern Pennsylvania. The CED report says the Pittsburgh biotechnology cluster largely depends on the amount of available venture capital and the development of new technologies and that total funding levels must be increased to continue biotech development.
People
President Bush has nominated Elias Zerhouni, executive vice dean of the Johns Hopkins University School of Medicine, as the new director of the National Institutes of Health.
People
Don Smith has been appointed Vice President for Economic Development at the new Mellon Pitt Carnegie Corporation. MPC, a joint venture of the University of Pittsburgh and Carnegie Mellon University, is intended to coordinate the economic development and tech commercialization activities of both schools.
Study Finds Maryland Incubators Have Big Impact
The Maryland Technology Development Corp. (TEDCO), RESI (a regional economic studies institute at Towson University), and the Maryland Business Incubation Association (MBIA) presented on Thursday the results of the Maryland Incubator Impact Study — a first-of-its-kind study for the state by measuring the economic impact of Maryland's six public- and university-related high-tech business incubators on the state's economy.
Technology Sector is Strong, Pittsburgh Tech Council Report Shows
The Pittsburgh Technology Council's State of the Industry Report shows the region's technology sector, while continuing its growth, has become a significant driver of southwestern Pennsylvania's overall economy.
SSTI Conference Update
SSTI's fifth annual conference, Creating Opportunity: Tools for Building Tech-based Economies, will take place December 3-4, 2001, at the Omni William Penn in Pittsburgh, Pennsylvania. The conference agenda remains intact from the original mid-September dates with almost all speakers reconfirmed. (see the conference agenda on SSTI's webpage: http://www.ssti.org/Conf01/agenda.htm [expired] )