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Tech Talkin' Govs, Part III

Wednesday, January 27, 2010

The third installment of SSTI’s Tech Talkin’ Govs’ series includes excerpts from speeches delivered in Delaware, Maine, Missouri, New Hampshire, Ohio, Rhode Island, South Dakota, Utah and Wisconsin. The first and second installments are available in the Jan 13 Digest and Jan. 20 Digest, respectively.

  • Read more about Tech Talkin' Govs, Part III

$101M NYSTAR Increase Among Gov’s Proposals

Wednesday, January 27, 2010

The New York State Foundation for Science, Technology and Innovation (NYSTAR), the state’s lead tech-based economic development agency, would see a significant boost in funding under a proposal unveiled by Gov. David Paterson to distribute $100 million in new Innovation Economy Matching Grants.

  • Read more about $101M NYSTAR Increase Among Gov’s Proposals

Minnesota S&T Leaders Blast State’s Long Hiatus from TBED

Wednesday, January 27, 2010

“Minnesota faces a crisis of competitiveness.” It didn’t take Minnesota’s leaders long to recognize the state’s precipitous fall in the standings for many major indicators over the past two decades paralleled the state’s prolonged diinvestment from a proactive TBED strategy.

  • Read more about Minnesota S&T Leaders Blast State’s Long Hiatus from TBED

U.S. Venture Investment Falls to Lowest Level in a Decade

Wednesday, January 27, 2010

Last year venture investment decreased to its lowest level since 1997, according to the latest Moneytree Report from PricewaterhouseCoopers and the National Venture Capital Association (NVCA).  A weak environment for exits and increasing caution on the part of investors contributed to a 37 percent decrease in investment dollars and a 30 percent decline in venture deals from 2008 levels. This marks the second consecutive year of declining venture dollars and deals.

  • Read more about U.S. Venture Investment Falls to Lowest Level in a Decade

Obama Administration Announces $15 Million Rural Jobs and Accelerator Challenge

Wednesday, March 7, 2012
Thirteen federal agencies, led by the Economic Development Administration (EDA) and the Department of Agriculture (USDA), will provide up to $15 million in funding and other resources to assist in job creation and economic growth in rural areas. The Rural Jobs and Accelerator Challenge is intended to leverage local assets and foster connections to industry in up to 20 rural regions across the country. Approximately $750,000 may be made available per award. Applications are required to provide matching funds and apply for funding from both the EDA and USDA.
  • Read more about Obama Administration Announces $15 Million Rural Jobs and Accelerator Challenge

International Patent Filings under the WIPO Set New Record in 2011

Wednesday, March 7, 2012
Over 181,900 international patents were filed in 2011, up 10.7 percent from 2010, according estimated data from the World International Patent Organization (WIPO). China, Japan and the U.S. accounted for 82% of the total growth, the highest since 2005. Estimated data was collected from the WIPO-administered Patent Cooperation Treat (PCT) system.
  • Read more about International Patent Filings under the WIPO Set New Record in 2011

FedDev Ontario Investment Connecting STEM Grads with Businesses

Wednesday, March 7, 2012
A contribution of $4.2 million CAN ($4.2 million USD) by FedDev Ontario will be used to place 320 recent graduates in science, technology, engineering and mathematics (STEM) fields with businesses in a competitive six-month internship and mentorship program. The idea is to provide graduates with real world opportunities to develop business skills and experience. The grads will be matched with small- and medium-sized enterprises in southern Ontario. Read the press release
  • Read more about FedDev Ontario Investment Connecting STEM Grads with Businesses

IT-Intensive Firms Likely to Create More Jobs, Report Finds

Wednesday, March 7, 2012
Discovering the ideal conditions for entrepreneurs to succeed is a topic widely researched in today's economy. Most researchers will agree that having access to capital, a culture conducive for risk, and skilled workers are key components. A new report from the Technology CEO Council (TCC) adds that powerful and affordable new technologies, and companies that harness them, are at a greater advantage than ever before when it comes to driving job creation. The report points to new research from Catherine L.
  • Read more about IT-Intensive Firms Likely to Create More Jobs, Report Finds

OMB Releases RFI on Reforms to Federal Policies Relating to Grant Applications

Wednesday, March 7, 2012
The Office of Management and Budget (OMB) released a request for information (RFI) on the Reform of Federal Policies Relating to Grants and Cooperative Agreements. OMB intends to use these comments in its development of a whitepaper, to be published later this year, which may propose specific revisions to increase efficiency and effectiveness of federal grant programs by eliminating unnecessary and duplicative requirements.
  • Read more about OMB Releases RFI on Reforms to Federal Policies Relating to Grant Applications

Tech Talkin' Govs, Part II

Wednesday, January 20, 2010

The second installment of SSTI’s Tech Talkin’ Govs’ series includes excerpts from speeches delivered in Colorado, Virginia and West Virginia. Our first installment was in the Jan 13 Digest.

  • Read more about Tech Talkin' Govs, Part II

Commerce Taking Up Need to Commercialize More Federal R&D

Wednesday, January 20, 2010

Describing the nation’s innovation system as broken, U.S. Secretary of Commerce Gary Locke yesterday said the Department of Commerce will be “working hard to find solutions” that move more federally funded R&D into the commercial market.

“Even in areas where we are allocating enough funding for R&D, we’re not doing a good enough job getting these ideas into the marketplace, particularly through entrepreneurs.

  • Read more about Commerce Taking Up Need to Commercialize More Federal R&D

University-based Research Initiatives Slated for Reduction in Georgia Budget

Wednesday, January 20, 2010

Gov. Sonny Perdue last week outlined an $18.2 billion budget for FY11 that reduces spending across several state agencies, including a $9.6 million reduction for R&D activities through the Research Consortium. The governor’s budget also would eliminate two science, technology, engineering and mathematics (STEM) programs within the Department of Education.

  • Read more about University-based Research Initiatives Slated for Reduction in Georgia Budget

Governor’s Budget Includes $5.9M for KTEC

Wednesday, January 20, 2010

Gov. Mark Parkinson last week unveiled his FY11 budget proposal, which includes $5.9 million from the Economic Development Initiatives Fund (EDIF) for the Kansas Technology Enterprise Corporation (KTEC), down $1.8 million from the FY10 governor’s estimate of $7.75 million. Many of the governor’s budget recommendations, including funding for KTEC and university research initiatives, may hinge on a tax increase proposal, however.

  • Read more about Governor’s Budget Includes $5.9M for KTEC

Florida 5-Year Plan Advocates STEM, Clusters & Tech Commercialization

Wednesday, January 20, 2010

Enterprise Florida released its latest five-year strategic plan for the state, calling for increased investment in STEM education, university research, commercialization assistance and early-stage capital access programs. Florida must diversify its economy and strengthen its high-tech industries in order to reduce the state’s reliance on population-based growth, according to the report. Enterprise Florida also endorses a cluster-based strategy to promote high-tech industries based on their relative levels of development in the state.

  • Read more about Florida 5-Year Plan Advocates STEM, Clusters & Tech Commercialization

Useful Stats: “Eroding Dominance” Theme of S&E Indicators 2010

Wednesday, January 20, 2010

Current trends presented in the 2010 edition of the National Science Board’s biennial Science & Engineering Indicators suggest as early as the 2012 edition, the U.S. will no longer leads the world for a key indicator: total R&D expenditures – unless corrective action is taken.

 

  • Read more about Useful Stats: “Eroding Dominance” Theme of S&E Indicators 2010

U.S. Treasury Announces $3.6B in Awards for Distressed Communities

Wednesday, February 29, 2012
The U.S. Department of Treasury recently announced the selection of 70 organizations from around the country to receive a total of $3.6 billion in New Markets Tax Credits awards. The awards may be used to provide individual and corporate taxpayers with a credit against federal income taxes for making equity investments in community development entities. Read the complete list of awardees...
  • Read more about U.S. Treasury Announces $3.6B in Awards for Distressed Communities

Lack of Government Support Hurts U.S. Clean Tech Industry, According to Report

Wednesday, February 29, 2012
Countries that put significant resources into supporting clean tech innovation are rewarded with more emerging and commercialized clean tech companies, according to Coming Clean: The Global Cleantech Innovation Index 2012 — a new report from the Clean Tech Group, LCC. The U.S. placed fifth out of 38 countries, with the top score for several indicators including research and development funding, general innovation drivers (i.e., Entrepreneurial culture and "general innovation inputs") and strong emerging clean tech innovation.
  • Read more about Lack of Government Support Hurts U.S. Clean Tech Industry, According to Report

U.S. Clean Tech Investment Held Steady in 2011

Wednesday, February 29, 2012
U.S. venture firms invested $4.9 billion in clean tech companies last year, nearly the same as in 2010, according to a year-end report from Ernst & Young. Approximately 57 percent of all clean tech investment was directed toward California companies. The overall cleantech market was bolstered by five IPOs and 79 M&As. Read the release...
  • Read more about U.S. Clean Tech Investment Held Steady in 2011

Tech Talkin' Govs, Part I

Wednesday, January 13, 2010

Entering its tenth year covering governors’ State of the State, Budget and Inaugural Addresses, SSTI’s Tech Talkin’ Govs series highlights new and expanded TBED proposals from across the nation. The first edition includes excerpts from speeches delivered in the following states:

Arizona
Gov. Janice Brewer, State of the State Address, Jan. 11, 2010

  • Read more about Tech Talkin' Govs, Part I

Baton Rouge Area Chamber: Statewide TBED Organization Needed

Wednesday, January 13, 2010

The Baton Rouge Area Chamber (BRAC) has released the second and final component of its strategy advocating the need to advance a tech-based economy throughout Louisiana. The white paper focuses on the topics of entrepreneurship, workforce development, risk capital, and coordinating TBED efforts at the state level. For example, BRAC calls for all returns from state funds invested in venture capital firms to be reinvested, for regional angel networks to be supported, and for the state’s angel investor tax credit to be reinstated.

  • Read more about Baton Rouge Area Chamber: Statewide TBED Organization Needed

North Dakota Centers of Excellence: $16.56 Impact for Each State Dollar spent So Far

Wednesday, January 13, 2010

Providing strong evidence for how public investments in research and TBED pay off even on a short time horizon, a recent impact analysis calculated the total impact from the first $19.9 million North Dakota spent over the past four years for the establishment of 20 Centers of Excellence across the state. The analysts from North Dakota State University reported a combined cumulative impact of $329.5 million for the 30 months ending June 2009. The total includes both direct reported results and estimates for indirect impacts.

  • Read more about North Dakota Centers of Excellence: $16.56 Impact for Each State Dollar spent So Far

Fourth Quarter Increases Cannot Salvage Slow Year for Venture Capital Exits and Fundraising

Wednesday, January 13, 2010

U.S. venture capital fundraising and venture-backed exits improved marginally in the fourth quarter of 2009, despite having a very slow year overall, according to the National Venture Capital Association (NVCA). Venture fundraising increased to $3.8 billion in the last quarter, an 82.6 percent increase over the previous quarter but still far short of fundraising levels in recent years. While investors expect activity to grow in 2010, most predict that the industry will remain smaller than its scale in the 1990s and 2000s, with fewer firms and increasing focus on late-stage deals.

  • Read more about Fourth Quarter Increases Cannot Salvage Slow Year for Venture Capital Exits and Fundraising

With Focus on Job Creation, Ohio Prioritizes Development Efforts

Wednesday, August 24, 2011

JobsOhio, the private, nonprofit corporation authorized to replace Ohio's economic development system, would administer state funded programs and services that have a direct, high-impact on job creation such as business loans, infrastructure grants and deal-closing funds, according to a report to the Ohio General Assembly. At the same time, a newly named Ohio Development Services Agency (ODSA) would focus on programs with a more indirect impact on job creation, including federally funded programs and services geared toward communities and individuals.

  • Read more about With Focus on Job Creation, Ohio Prioritizes Development Efforts

Tennessee Announces New Program to Support Nine Regional Business Accelerators

Wednesday, August 24, 2011

Commissioner of the Tennessee Department of Economic and Community Development, Bill Hagerty announced the state will commit up to $2.25 million for the Jobs4TN Regional Entrepreneurial Accelerators program. The grants will award up to $250,000 to a regional entrepreneurial accelerator in each of the state's nine economic development regions.

  • Read more about Tennessee Announces New Program to Support Nine Regional Business Accelerators

White House Extends Deadline for Comments on SC2 Program

Wednesday, August 24, 2011

The Obama Administration has announced that it is extending the comment period for public input on the Economic Development Administration's (EDA) Strong Cities, Strong Communities Visioning Challenge (see the July 13, 2011 and

  • Read more about White House Extends Deadline for Comments on SC2 Program

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