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Displaying 1 - 13 of 13
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NIH Announces Competition for Biomedical Proof-of-Concept Centers

Friday, May 9, 2014

The National Institutes of Health (NIH) is accepting applications for the Research Evaluation and Commercialization Hub (REACH) program to support proof-of-concept centers (Hubs) that facilitate and accelerate the translation of biomedical innovations into commercial products that improve patient care and enhance health. NIH intends to award approximately $9 million to institutions of higher education to establish three new REACH Hubs.

  • Read more about NIH Announces Competition for Biomedical Proof-of-Concept Centers

Michigan Orgs Awarded $25M to Support Entrepreneurs

Thursday, August 11, 2011

The Michigan Economic Development Corporation (MEDC) recently announced the recipients of $25 million in awards from Michigan's 21st Century Jobs Fund. Each of the eight organizations receiving the awards will use the funding to support Michigan entrepreneurs and technology commercialization. The largest single allotment, $10.8 million, will benefit Ann Arbor SPARK, which plans to replenish its Michigan Pre-Seed Capital Fund with the award. Other recipient organizations will be offering capital and business assistance around the state.

  • Read more about Michigan Orgs Awarded $25M to Support Entrepreneurs

States Target Research, Commercialization for Economic Growth

Wednesday, July 17, 2013

A continued trend toward improved fiscal conditions gave rise to targeted and riskier investments in research for several states this legislative session. In particular, lawmakers dedicated funds for life sciences research and for initiatives aimed at commercialization through partnerships with higher education and the private sector. Other states dedicated additional funds to expand promising research and technology-focused initiatives already underway.

  • Read more about States Target Research, Commercialization for Economic Growth

Virginia Lawmakers Dedicate Additional Funding for TBED, Higher Ed

Wednesday, March 9, 2011

Lawmakers approved many of Gov. Bob McDonnell's proposals aimed at growing Virginia's technology and life sciences industries by dedicating about half of the funding requested by the governor to support R&D, commercialization, SBIR matching grants, and funding for early stage equity investments.

  • Read more about Virginia Lawmakers Dedicate Additional Funding for TBED, Higher Ed

IN Gov Releases Details on $360M Bioscience Research Institute

Wednesday, May 29, 2013

Governor Mike Pence has released details on Indiana's statewide public-private collaborative life sciences partnership. The estimated $360 million Indiana Biosciences Research Institute will receive $25 million for the biennium from the state of Indiana to cover startup costs, which will be augmented by another $25 million from industry and philanthropic sources (see the May 8 issue).

  • Read more about IN Gov Releases Details on $360M Bioscience Research Institute

Spending Plans in IA and MA Seek to Balance Cuts with Job Creation Efforts

Wednesday, February 2, 2011

Deep cuts to higher education and reorganizing economic development efforts are common themes in executive budget proposals across most of the country as governors seek to both reduce spending and create jobs. Iowa Gov. Terry Branstad recently introduced legislation to replace the state's existing economic development agency with a public-private partnership. Meanwhile, his budget eliminates the Iowa Power Fund, established by the legislature in 2007 to invest in private sector renewable and alternative energy industries. In Massachusetts, Gov.

  • Read more about Spending Plans in IA and MA Seek to Balance Cuts with Job Creation Efforts

Tech Talkin' Govs, Part IV

Wednesday, January 26, 2011

The fourth installment of SSTI's Tech Talkin' Govs series includes excerpts from speeches delivered in Alaska, Delaware, Hawaii, Michigan, Missouri, Nevada, and Vermont. The first three installments are available in the Jan. 5, Jan. 12 and Jan. 19 issues of the Digest.

  • Read more about Tech Talkin' Govs, Part IV

MD Gov Proposes $100M Venture Fund; Recommends 19% Increase for Stem Cell Research

Wednesday, January 26, 2011

Gov. Martin O'Malley last week unveiled details of his proposed $100 million venture fund announced last year during his re-election campaign as an initiative to grow the state's knowledge-based industries, particularly within the life sciences sector (see the June 9, 2010 issue of the Digest).

  • Read more about MD Gov Proposes $100M Venture Fund; Recommends 19% Increase for Stem Cell Research

Florida Session Ends with Efforts to Expand Tech Commercialization, Elevate Universities

Wednesday, May 8, 2013

Lawmakers last week passed a $74.5 billion FY14 budget that expands efforts to commercialize research and boosts funds for life sciences and space-related investments. Under a sweeping new education bill, universities can qualify and receive additional resources as preeminent research universities. The measure also designates some higher education funding based on performance, and allows colleges to create low-cost degree programs.

  • Read more about Florida Session Ends with Efforts to Expand Tech Commercialization, Elevate Universities

Legislative Wrap-Up: Lawmakers Dedicate Funds for TBED in CO, CT, VA

Wednesday, June 20, 2012

Unlike last year when a wave of new governors pushed sweeping proposals to re-organize economic development activities and grow the economy, the 2012 legislative sessions brought mostly modest changes for tech-based initiatives. While many programs were level funded or received smaller increases than in previous years, a handful of states increased funds or introduced new initiatives to support economic development efforts.

  • Read more about Legislative Wrap-Up: Lawmakers Dedicate Funds for TBED in CO, CT, VA

Virginia Gov's Amendments Would Restore Funding for Research, Life Sciences

Wednesday, May 9, 2012

While touting broad support from lawmakers for his 2012 legislative agenda during the regular session, Gov. Bob McDonnell also expressed concern about several economic development and education initiatives left out of the 2012-14 biennial budget passed by lawmakers during a special session that ended last month. Just in time for the deadline, Gov. McDonnell submitted $43.9 million in budget amendments, which include restoring funds for research, life sciences and teacher recruitment.

  • Read more about Virginia Gov's Amendments Would Restore Funding for Research, Life Sciences

Cleveland Clinic Innovations Receives Unexpected $10M Donation

Wednesday, December 14, 2011

West Virginia coal-mining and farming businessman James C. Justice II confirmed a $10 million donation to Cleveland Clinic Innovations this week, according to an article in the Cleveland Plain Dealer. The gift will be used to establish a chair in medical innovation, to fund patent applications and to provide space and seed funding to early stage businesses. Inspired by the move, Cleveland Clinic Innovations Chairman Thomas Graham announced that he will contribute an additional $1 million for patent applications.

  • Read more about Cleveland Clinic Innovations Receives Unexpected $10M Donation

Legislative Wrap-Up: Support for TBED Initiatives in DE, ME, NV, NC, TX

Wednesday, July 20, 2011

Lawmakers in several states wrapped up their 2011 sessions in time for the new fiscal year, which begins on July 1 for most states, allocating funds and passing bills in support of tech-based economic development. Read more...

  • Read more about Legislative Wrap-Up: Support for TBED Initiatives in DE, ME, NV, NC, TX

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