SSTI Digest

On April 19, the Massachusetts Supreme Judicial Court cleared the way for the Massachusetts Renewable Energy Trust Fund to begin operations with a unanimous ruling that the funding mechanism is constitutional. Between 1998 and 2003, the Trust, managed by the Massachusetts Technology Collaborative, will receive about $150 million to accelerate the use of cleaner sources of electricity and to invest in the development of the renewable energy industry in Massachusetts. In subsequent years, the Trust will receive about $20 million a year.

As an outgrowth of electric utility deregulation, the Trust was created in 1998 by the legislature to promote the development of renewable energy in the Commonwealth through a series of initiatives that exploit the advantage of renewable energy in a more competitive marketplace. The Massachusetts Technology Collaborative was selected by the legislature to lead this effort.

President Clinton has announced his nomination of Dr. Mildred S. Dresselhaus to serve as Director of Energy Research at the Department of Energy. Dr. Dresselhaus is currently a professor in the Departments of Electrical Engineering and Computer Science and Physics at the Massachusetts Institute of Technology.

Established in 1978 and entirely self-supported beginning in 1988, the Massachusetts Technology Development Corporation (MTDC) has one of the longest records of success for state-sponsored venture capital corporations. SSTI has completed an eight-page profile of MTDC as the fourth in an occasional series examining the diversity of approaches to technology-based economic development.

The MTDC profile includes background on the creation of the corporation, description of MTDC activities and funds, information concerning organizational structure and staffing, a summary of accomplishments, and lessons learned over MTDC's 22 year history. Challenges, future plans, and sample success stories are also highlighted in the Program Brief.

Efforts to transform rural Berkshire County, Massachusetts from an area of economic decline into an equal player for the New Economy through improved telecommunications access are bearing fruit. Berkshire Connect, a consortium of business, cultural, academic, and community leaders has successfully negotiated an agreement with Global Crossing, Ltd. and Equal Access Networks to provide low-cost, equal access telecommunications throughout the region. This agreement will allow area businesses to save 50% over their current rates for T-1 Internet access.

The Massachusetts Technology Collaborative (MTC) has released its third annual Index of the Massachusetts Innovation Economy. The report tracks and explores the implications of 30 performance indicators on the long-term growth and stability of the Massachusetts economy. When statistics are available, Massachusetts is compared to its “leading competitor states” of California, Colorado, Minnesota, New Jersey, New York, and Texas.

This year’s report includes a special analysis of electronic commerce in Massachusetts. The section highlights policy implications of e-commerce and proposes several recommendations for industry, academia, and government.

Curious who will shape technological innovation in 21st century? Technology Review magazine has developed for the first time a list of the top 100 innovators under the age of 35. The list, nicknamed the TR100, was compiled by a panel of 24 judges including 3 Nobel laureates, 2 university presidents, and representatives of scientific and research organizations, businesses, venture capitalists, and the media.

The National Collegiate Inventors and Innovators Alliance (NCIIA) seeks proposals that support innovation, invention, and entrepreneurship programs in U.S. colleges and universities. Through December 1999, NCIIA will award $400,000 in grants to faculty and students of member institutions. The next deadline is December 15, 1999. The NCIIA is interested in proposals for courses and projects which further the concept of E-Teams. E-Teams (the "E" stands for "excellence" and "entrepreneurship") are groups of students, faculty, and professionals who join together to pursue the development of an idea, product, or invention, or to solve a problem in a way that has the promise of developing an enterprise that will generate jobs and social benefits. NCIIA offers two types of grants:

There is potential trouble ahead for R&D and those states with relatively low levels of federal support will be impacted most severely, according to the Massachusetts Technology Collaborative's Analysis of the Impact of FY 2000 Federal R&D Investment Scenarios on Economic Growth.

This report, the second conducted by MTC, looks at five funding scenarios currently under consideration by Congress and their effect on the economies of states receiving varying levels of federal R&D support.

Among the reports' conclusions are:

Yahoo! Internet Life magazine has named its 1999 list of the "100 most wired" colleges and universities.  This is the third year in which the magazine has published the list. Listed  in the top five are: Case Western Reserve University (OH); Massachusetts Institute of Technology; Wake Forest University (NC); the New Jersey Institute of Technology;  and, Rensselaer Polytechnic Institute (NY).

Compiled in conjunction with Peterson's (known  for its expertise in education information guides and services), the rankings  are based on a survey of 571 four-year institutions in the U.S. In analyzing the data, Yahoo! noted that schools have made great strides in developing  their computer networks. Of the "100 Most Wired" Colleges:

Two new, free resources are available that provide access to statistical data that can be used for a wide variety of analytic processes, including impact assessment, regional measurement, strategic planning and program design.

Socioeconomic Data for Understanding Your Regional Economy: A User's Guide, provides an overview of various sources of data valuable in regional economic analysis. The document was designed for people who want to use readily available socioeconomic data to characterize activities and trends, especially at the state, regional or local level.

The User's Guide:

The Massachusetts Technology Collaborative (MTC) released its second annual Index of the Massachusetts Innovation Economy earlier this month. The report tracks 31 performance indicators and explores the implications of each indicator on the long-term growth and stability of the Massachusetts economy.

Included in this year's report is an analysis of "the Dynamics of Innovation" using healthcare technology's contributions to the state economy as an example. The special section illustrates the interrelationship of the innovation process and many of the indicators used in the Index.

The MTC Index reports indicators from primary and secondary sources in nine key industry clusters, which represent 24 percent of the state's non-government employment and 35 percent of private-sector payroll. Eight of the measures are new this year for the Index.

The Massachusetts Technology Collaborative (MTC) has released a new study entitled Index of the Massachusetts Innovation Economy. This assessment of the Massachusetts economy provides data on 33 quantitative indicators.

The Index includes indicators such as industry clusters, pay per worker, manufacturing exports, education levels, R&D expenditures, Internet connectivity, and the number of patents, SBIR awards, and IPOs. The report establishes a baseline which will enable MTC to monitor, over time and in comparison to other states, Massachusetts progress in leveraging the state's resources through innovation to create quality jobs, productivity and rising incomes.