SSTI Digest
Geography: Missouri
Kauffman Foundation Challenges Universities to Institutionalize Entrepreneurship
The Kauffman Foundation of Kansas City announced on Monday it will award grants of up to $5 million to 5-7 U.S. universities to make entrepreneurship education a common and accessible campus-wide opportunity. The Foundation works with partners to encourage entrepreneurship across America.
In June, the Foundation chose 15 universities out of 30 schools invited to demonstrate interest by developing a preliminary concept to compete in the Kauffman Campuses initiative. Each of the 15 universities selected was awarded a $50,000 planning grant to assist with the development of a comprehensive proposal to be presented this December. At that time, 5-7 universities will be awarded grants of up to $5 million, each based on their creativity and commitment to make entrepreneurship training and experiences available across college departments and to students of diverse disciplines. Universities also must demonstrate their ability to raise matching funds.
Biotech Start-ups in St. Louis Aided by New Initiatives
The St. Louis BioBelt announced this week it is well along in launching four new initiatives designed to position the region as a "location of choice" for start-up and evolving plant and life science companies.
Two research and commercialization projects are in the planning and development stages, one located in a 1,000-acre area of midtown-St. Louis called Technopolis and the other located in the City of Creve Coeur in St. Louis County. When finished, these two areas will provide multi-tenant wet lab and related life sciences infrastructure.
Missouri Blueprint Offers Model for Tech-based Economic Growth
A Blueprint for Prosperity and Jobs, a comprehensive strategic plan to foster and sustain job growth, business success and community vitality in Missouri, has been released by the Missouri Department of Economic Development. The product of two years of research, the plan addresses Missouri's need to focus its resources on building a knowledge-based economy, with emphasis on businesses that generate key technologies and have tremendous growth potential.
The Missouri blueprint began with Governor Bob Holden's Economic Prosperity Summit in April 2001. Since that time, the department gathered input and recommendations from business and community leaders, educators and citizens from across Missouri. A series of roundtable discussions were held with leaders from three industries that hold promise for long-term growth – life sciences, advanced manufacturing and information technology – and additional insight was contributed through six regional dialogues.
People
Bill Duncan is the first president of the Kansas City Area Life Sciences Institute, which held its inaugural event at the end of March.
Regional Organization Focusing St. Louis on Future
The St. Louis region lags behind a number of metropolitan areas including Austin, Portland, Atlanta, and Indianapolis in attracting 20- to 34-year olds to live and work in the region, according to a report released this month by the regional, nonprofit organization, FOCUS St. Louis.
Preparing St. Louis for Leadership in the 21st Century Economy is the result of a year-long effort by a citizen-based FOCUS St. Louis task force. The 27-member group concluded the St. Louis region must be more effective in attracting and retaining young knowledge workers in order for the region to thrive and compete in the 21st Century economy.
Resources Available for Displaced Workers Interested in Entrepreneurship
In an effort to help combat the present economic downturn, the Kauffman Center for Entrepreneurial Leadership at the Ewing Marion Kauffman Foundation is looking to partner with groups across the U.S. to provide training to displaced workers interested in starting new businesses.
The Kauffman Center is offering its proven FastTrac NewVentureTM program materials at no cost to organizations that want to provide the course to downsized workers in their states or communities. Partner organizations locate attendees, handle logistics, and pay trainer expenses. Displaced workers participate in the program at no charge. The Center has 10 years of experience with the FastTrac program and is ready to work with partners to implement the program rapidly and effectively in their communities.
People
Marianne Hudson is leaving her position as Vice President - Marketing & Communications with the Mid-America Manufacturing Technology Center to become a program manager at the Kauffman Center for Entrepreneurial Leadership.
Missouri Targets $21.5 Million for Life Science Research
At the end of June, Governor Bob Holden signed an executive order committing $21.5 million of the state’s tobacco settlement funds for biotech research during fiscal year 2002. Governor Holden made his announcement prior to signing Senate Bill 500, which expands the state’s job training program to prepare Missouri’s work force for new careers in life sciences. Although the General Assembly this year appropriated $21.5 million in tobacco settlement funds for life sciences research and development, no legislation was enacted to govern the expenditure of the money.
The executive order will direct the State Office of Administration to administer the funds through the Life Sciences Research Committee, composed of the commissioner of administration, and seven other members appointed by the governor. The committee will solicit and review biotechnology research proposals, and funds will be disbursed through research contracts for proposals that have the potential to provide the greatest health and economic benefits to Missourians.
People
Bill Borgmeyer has retired from his position as Coordinator of Technology Development for the Missouri Technology Corporation.
Missouri Targets Life Sciences Industry to Boost Economic Development
In a recently issued Executive Order, Missouri Governor Mel Carnahan officially named the life sciences industry as one of the state’s lead industries for promoting economic development. The order requires all executive branch departments to review their programs and evaluate each program’s impact on the life sciences industry for purposes of economic growth. The Department of Economic Development must prepare a report based upon these reviews that is due to the Governor by May 1, 2000.
Best Practices for Biotech Assistance to be Explored
Cincinnati and St. Louis are partnering to hold a three-day symposium to examine best practices in biotechnology-based economic development. Growing the Life Science Industry will be held March 1-3 at the Kingsgate Conference Center on the University of Cincinnati Medical Campus. Speakers from a dozen states will share their regions' approaches for life science economic development.
The event is sponsored by BIO/START, the Ohio Department of Development, the Nidus Center for Scientific Enterprise, and the Cincinnati and St. Louis Chambers of Commerce. For more information, contact BIO/START President, Patricia Snider, at psnider@biostart.org or by phone at (513) 475-6610, ext. 2007.
Missouri Launches $20 Million State Seed Capital Program
This year’s second attempt to pass legislation establishing a state-funded seed capital program in Missouri was successful during the waning hours of the 1999 session of the Missouri General Assembly. SB 518, the Missouri New Enterprise Creation Act, authorizes the creation of up to four seed capital funds at the state’s innovation centers to support new technology-based companies in the state. Funding for the program will be generated through $20 million in tax credits, with a maximum limit of $5 million in credits each year.
The legislation calls for a state seed capital and commercialization strategy to be developed and approved by a yet-to-be-established Missouri Seed Capital Investment Board prior to the creation of the seed capital funds. One fund is exempted from this provision and will be started immediately to assist any of the up to 7,000 Missourians to be laid off by the Boeing Corporation over the next two years.