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Adjusted for inflation, state R&D expenditures grew at an average annual rate of 3.3 percent between 1965 and 1995, compared with the nationwide R&D spending growth of 2.5 percent per year for the same period, according to What is the State Government Role in the R&D Enterprise? This report was issued by the Research and Development Statistics Program of the National Science Foundation's Division of Science Resource Studies.

The U.S. Department of Energy's Office of Industrial Technologies has issued the solicitation for the Inventions and Innovations Program (IIP). The competitive program provides financial assistance for establishing technical performance and conducting early development of innovative ideas and inventions. Selected projects must have significant energy savings and future commercial market potential.

The Global Venture Forum is a business development event sponsored by the Osaka Chamber of Commerce to help Japanese and foreign firms find Japanese partners for investment, trade, distribution, and global business.

Since the Global Venture Forum started in 1995, 44 percent of the participants have found business partners.

The Department of Energy has announced 16 awards under the 1999 solicitation for the Small Business Technology Transfer (STTR) Program. The following table presents states with companies and academic institutions or federal labs selected in the competition. Only five of the awards were made to projects in which the company and university are located in the same state.

As Wall Street waited for the Dow to top 10,000, venture capital investments were also reaching a new high, according to the latest PricewaterhouseCoopers Money Tree Survey. Venture-backed investments rose to a record $4.286 billion during the first quarter of 1999, a 41 percent increase over the first quarter of 1998. The survey's previous record of $3.77 billion was set during the third quarter of last year.

The Environmental Protection Agency and the National Science Foundation have announced approximately $5 million will be awarded in FY 2000 for grants to support research toward "Technology for a Sustainable Environment."

Entities eligible to submit proposals include universities and not-for-profit institutions. The agencies anticipate making 20 grant awards for the solicitation in January 2000. Proposals are due July 26, 1999.

The U.S. Departments of Agriculture and Commerce have announced their selections for the 1999 Small Business Innovation Research Program Phase I competition. The following table provides the statistics by state for both agencies. Lists of the winning firms and award information may be found on the agencies' SBIR websites at the following:

USDA: http://www.reeusda.gov/crgam/sbir  

Steve Jarvis resigned as the director of California Trade and Commerce's Office of Strategic Technology. Jeff Newman has been named as acting director.

John Dougherty resigned his position with the Illinois Coalition to accept a job in the private sector.

Terri Adams is serving as Chief of the Science, Technology and Energy Division of the Alabama Department of Economic and Community Affairs. Martha McInnis resigned from ADECA in January.

Last week, in contrast to the mid-April House and Senate approval of a budget resolution that is projected to result in a double digit decline in federal R&D spending by 2004, the Senate Committee on Commerce, Science and Transportation approved the Federal Research Investment Act, which would double federal basic research funding over an eleven-year period. S. 296 establishes a long-term plan for federal funding of fundamental, scientific, and pre-competitive engineering.