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Does it matter whether a start-up takes money from a large venture firm or a small venture firm? According to the just-released VentureOne Deal Terms Report, the answer is a resounding yes.

Arkansas Tech Council in Formative Stages

Editor's Note: Because there are so many great conferences of potential interest to the technology-based economic development community, SSTI typically limits announcements to the calendar page on our website. The timely nature of two upcoming events leads us to a rare break with our editorial policy.

States and regions across the U.S. are continuing to make significant investments and implement policies to capitalize on the growing biosciences sector. However, a challenge they face in coming years is a leveling off of federal bioscience R&D dollars, concludes a recent report prepared by Battelle, SSTI and PMP Consulting.

Despite all the press generated each time a state commits multimillion portions of its tobacco settlement distribution toward R&D and technology-based economic development (TBED), readers may be surprised to learn economic development activities captured only 4 percent of the total payments in 2005, according to a new report from the Government Accountability Office (GAO).

For the 12th consecutive year, the University of California tops all universities for the most patents for inventions, according to a list recently released by the U.S Patent and Trademark Office. The preliminary list reveals the top 13 U.S. universities receiving the most utility patents during calendar year 2005. All campuses are included in each school's total.

Increasingly states are making it easier for high school students to participate in college courses while still attending high school. The goal of dual enrollment is to encourage more students to attend college, giving them a leg up on a degree. A new report by the Kentucky Council on Postsecondary Education suggests the efforts are not working in Kentucky.

Using data from the Small Business Administration’s Office of Advocacy, SSTI has prepared a table presenting business churning statistics and rankings for all 50 states and the District of Columbia for 2004. Business churning, a measure of new firm births and existing firm deaths as a share of total firms (small businesses with employees), is seen as a major driver of innovation and growth.

The on/off binary fundamental of information and communication technology (ICT) could just as well describe the U.S. position in the field. For the third time in five years, the U.S. leads all nations on the Networked Readiness Index (NRI) contained in the World Economic Forum's Global Information Technology Report 2005-2006.

African-American and Hispanic students begin college interested in majoring in science, technology, engineering and math (STEM) fields at rates similar to those of white and Asian-American students and persist in these fields through their third year of study, but do not earn their bachelor’s degrees at the same rate as their peers, according to a new analysis conducted by the American Council on Education (ACE).

Gov. Dirk Kempthorne recently received some good news about his future when President Bush nominated him to serve as Secretary of the U.S. Department of Interior. The news was not as rosy on the home front for Idaho's economic future, however, as the state legislature in late March rejected the governor's plans for Idaho to take a more proactive role toward building a tech-based economy.

Just as bread won't rise without yeast, the key knowledge-building ingredients for many state tech-based economic development strategies - increasing investments in university-based research, emphasizing workforce development and science and math education, and identifying clusters of co-located firms in related industry sectors - won't lead to the spillovers of knowledge critical to sustaining growth without an active reagent.

Ask most state and local technology-based economic development (TBED) professionals what they are trying to accomplish in their community or region and the majority will probably draw on a few of the well-known high tech centers of the country for examples. Many books, studies and reports have scrutinized the success of Silicon Valley, Boston, Seattle, Austin, etc.

In mid-September, Governor Rod R. Blagojevich unveiled a new approach to economic development in Illinois– regionalism. While several other states currently use or have explored a regionalized approach to delivering state economic development services, the concept is new for Illinois.

Indiana Governor Joe Kernan has nominated Katherine Lyon Davis to serve as Lieutenant Governor. Among her past positions, Davis served as manager of Indiana's 21st Century Research and Technology Fund in 1999.

Julian Manly Earls is the new director of the NASA Glenn Research Center in Cleveland.

Bill Shipp, president of Bechtel BWXT Idaho and lab director of the Idaho National Engineering and Environmental Laboratory, is retiring effective Oct. 25. Paul Divjak will be his replacement.

Team Northeast Ohio has picked Texan Robert Farley for its first executive director.

Holmes Foster, chairman of the Iowa Values Fund, has announced his resignation.

Tony Jeff has been selected to serve as executive director of the Manufacturing Extension Partnership of Mississippi.

Massachusetts Governor Mitt Romney appointed Kathy Kottarodis to serve as the state’s first small business advocate. Kottarodis had been director of small business and entrepreneurship within the state’s office of business and technology.

Dan Lohymeyer has stepped down as president of Ohio's IT Alliance.

Virginia's Center for Innovative Technology has promoted Dan Mills to vice president for regional operations.

The new executive director of the Center for Regional Economic Issues is Edward Morrison.

Paul Ray has left his position as director of the Colorado Office of Life Sciences and Biotechnology.