SSTI Digest

The U.S. Department of Commerce and the National Academy of Public Administration (NAPA) recently released reports making recommendations to address the challenges faced by the manufacturing industry. One of the recommendations in the NAPA report suggests creating a strategic plan that articulates the "next generation" of the Commerce Department's National Institute of Standards and Technology (NIST) Manufacturing Extension Partnership (MEP). To gather public comment on the strategic plan and respond to both reports' recommendations, MEP will hold a series of regional roundtables and webcasts this summer:

Although a significant gap still exists between women-led companies and their male counterparts, in terms of venture funding, some promising news may suggest a change in fortune for the former, a study released today by Growthink Research of Los Angeles and Chicago-based re:invention Inc. shows.

The 400-page study, Venture Funding for Women Entrepreneurs, provides a detailed profile of women-led, venture capital (VC)-funded, privately-held business enterprises and companies with women executives. The report is based on a comprehensive analysis of 1,860 companies that raised more than $19 billion of venture capital in 2003.

California voters will be at the forefront of a highly controversial issue this November when they are asked to decide on a $3 billion bond issue to fund stem cell research.

The initiative, if passed, would provide $295 million annually to California researchers over the next 10 years. Under the proposal, priority for funding would be given to stem cell research that does not qualify for federal funding, and up to 10 percent could be used to build research facilities for nonprofit research organizations.

Only a handful of metropolitan areas have the critical mass necessary to ensure sustainability of their local biotech communities, according to America’s Biotech and Life Science Clusters, a new study from the Milken Institute. At the top of the list is San Diego, followed closely by Boston and the Raleigh-Durham-Chapel Hill metro area. Only another nine are in the running, the report contends.

According to the Institute’s 2004 Biotech Index, the top 12 metros (and their composite scores) are:

Defense 2003 SBIR Phase II Awards

The Department of Defense (DoD) distributed $766.9 million in awards under fiscal year 2003 Phase II Small Business Innovation Research (SBIR) Program competition. A total of 1,080 awards averaging more than $710,000 were made.

California led all states, landing 235 awards worth $166.8 million. As a share of the nation's total, California captured 21.7 percent of all FY 2003 Phase II SBIR funding issued by DoD. Massachusetts secured $114.1 million through 153 awards, or 14.9 percent of the U.S. total. Only one other state, Virginia, had $50 million or more in awards.

West Virginia, with five awards totaling $6.2 million, had the highest average award at $1.24 million. Hawaii's two awards also were above the $1 million average award mark.

Paul Hiller, formerly managing director of the economic development arm of the Irvine Chamber of Commerce, is the new president and chief executive officer for the Inland Empire Economic Partnership.

He may be more traditionally associated with gas-guzzling Humvees than anything remotely environmental, but Gov. Arnold Schwarznegger has become a big believer in alternative energy vehicles. The governor's recent call for creating a "Hydrogen Highway" by 2010 is, perhaps, the country's boldest commitment to getting hydrogen fuel cell vehicles on America's roadways anytime soon. It provides an example of how public-private partnerships, with the government serving as an early adopter of a potentially disruptive technology, could produce positive economic results for the state.

Marye Ann Fox, chancellor of North Carolina State University, is moving on to become chancellor of the University of California, San Diego.

California's Treasurer Phil Angelides called earlier this month for the nation's largest and third largest pension funds to invest at least $1.5 billion into environmental technologies and environmentally responsible companies. The goal of Angelides' initiative is to improve long-term financial returns for pensioners and taxpayers through investments in the burgeoning environmental technology sector, while also reducing the risks to the pension funds posed by corporate environmental liabilities.

The treasurer’s Green Wave initiative calls on California Public Employees’ Retirement System (CalPERS) and the California State Teachers’ Retirement System to invest a combined $500 million in private equity investments, venture capital, and project financing to develop "clean" technologies that can provide the pension funds with positive, long-term returns. The two pension funds have a total of $250 billion in assets.

The United States Patent and Trademark Office (USPTO) has announced the top 10 U.S. universities receiving the most patents during calendar year 2003. The University of California tops the list for the tenth consecutive year.

While the first seven places went to the same research institutions as 2002, with some rearrangement of order, the 8-10 places were improvements. Cornell rose 11 places from its 2002 finish to join the 2003 list tied for the 10th spot with the University of Florida.

The top 10 and the number of patents were:

Victor Hwang has been promoted to the position of president at Larta.

On Jan. 18, the San Diego Union-Tribune ran a series of three interesting articles examining the biotech sector. One story considers, now that a number of local biotech firms are completing clinical trials, where will they develop their multimillion manufacturing facilities. The other two articles look at selected state and local efforts around the country to support the biotech industry, including Washington, D.C., St. Louis, and Marshfield, WI.