SSTI Digest

Four organizations were named winners of SSTI's 2010 Excellence in TBED Award, serving as national models for states and regions investing in science, technology and innovation to grow and sustain their economies and create high-paying jobs.

"We're very excited to share with the country the success stories from these four organizations," said Dan Berglund, SSTI President and CEO. "Communities and regions across the nation working to transform their economies can learn from the positive results demonstrated by these organizations selected in part for their ability to be successfully replicated."

Awards were presented Wed., Sept. 15 in Pittsburgh during SSTI's 14th Annual Conference, Accelerating Innovation: The Road Ahead for Technology-based Economic Development, attended by some of the nation's top economic development policymakers and practitioners. The following initiatives were named 2010 recipients of SSTI's Excellence in TBED Award:

Craig Dye was named director of the Mtech VentureAccelerator Program, a fast-track, early admission program tied to Mtech's Technology Advancement Program.

The Minnesota High Tech Association announced Margaret Anderson Kelliher, speaker of the Minnesota House, will assume the role of president of the Association beginning in January after she leaves public office.

Matthew Portnoy of the National Institute of General Medical Sciences will serve as acting SBIR/STTR coordinator for the National Institutes of Health.

Sheri Stickley is president & CEO of the Oklahoma Bioscience Association. Ms. Stickley previously served as Deputy Director for Strategic Planning & Initiatives at Oklahoma Department of Commerce.

Former Kentucky Commerce Cabinet Secretary George Ward was named executive director of the University of Kentucky Coldstream Research Campus.

Job Corner
i2E has three new career opportunities available in their Oklahoma City office. These positions are designed to work directly with entrepreneurs and grow the support infrastructure of early stage companies in the region.

The positions include:

• Executive Advisor - markets and manages the delivery of commercialization services to new, early stage advanced technology companies.
• Concept Investments Manager - to coordinate our pre-seed and proof-of-concept initiatives that provide critical funding to some of Oklahoma's most promising technology-based startups.
• SeedStep Angel Coordinator - to promote and maintain active Angel Group membership and positive investment activity.

Read more job postings

The Oklahoma Center for Advancement of Science and Technology (OCAST) will remain a stand-alone entity after a proposal by Gov. Brad Henry to consolidate the agency within the Department of Commerce failed to win legislative approval. OCAST provides funding and resources to help businesses develop and commercialize technologies. The agency is slated to receive $19.15 million in FY11, a 6 percent reduction from the previous year.

In a separate bill, the Oklahoma Seed Capital Fund, which provides seed and start-up stage equity financing to small, technology-based Oklahoma companies, would receive $4.3 million from the OCAST appropriation. The fund is managed by i2E under contract to OCAST.

The Oklahoma Space Industry Development Authority is slated to receive $424,289 in FY11, down from $493,215 approved for the authority last year.

A proposal floated by Gov. Henry to create a permanent funding source for the Oklahoma Economic Development Generating Excellence (EDGE) initiative was not included in legislation this session.

The fourth installment of SSTI's Tech Talkin' Govs series includes excerpts from speeches delivered in Alaska, Connecticut, Maryland, Michigan, Nevada, and Oklahoma. The first three installments are available in the Jan 13, Jan. 20 and Jan. 27 Digests.

Alaska
Gov. Sean Parnell, State of the State Address, Jan. 20, 2010
"We will create even more jobs by funding construction of two new statewide buildings, the Anchorage crime lab I mentioned earlier and we will construct the Life Sciences building at [the University of Alaska, Fairbanks]. …

"… Where energy is concerned, we will continue reducing dependency on diesel across Alaska. And we are putting $25 million toward more in-state renewable energy projects. …

The Oklahoma Center for the Advancement of Science and Technology (OCAST) is among a list of 16 state agencies slated for consolidation in Gov. Brad Henry's budget proposal, which he says will result in cost savings of $5.3 million. Under the proposal, OCAST would be moved to the Department of Commerce, along with Aeronautics, Indian Affairs and the Oklahoma Space Industry Development Authority. Funding for OCAST would be reduced by 3 percent, for a total $19.8 million in FY11. OCAST provides funding and resources to help businesses develop and commercialize technologies.

The Oklahoma Space Industry Development Authority would receive $442,538 in FY11, also a 3 percent reduction. In partnership with the private sector, the Authority establishes new aerospace industries and enhances existing aerospace industries to retain high-tech jobs.

Over the past few months, several states have enacted spending plans for the upcoming fiscal year and passed legislation to support renewable energy initiatives and tax credits for R&D. While some TBED programs will face dramatic cuts in FY10, others are slated for slight decreases or will receive level funding. The following synopsis provides an overview of the 2009 legislative sessions across the following states:

Massachusetts
Lawmakers rejected Gov. Deval Patrick's amendment to the state budget aimed at securing funding for the Massachusetts Life Sciences Center (MLSC) in the upcoming year.

In a period of tightening budgets, it is important for stakeholders to know that the investments they are making in tech-based economic development are yielding positive economic results - and returning revenue to the state. Recent impact assessments to examine comprehensive TBED programs in three states show how smart these investments have been. More telling, different evaluation models were used in all three states and they each reached similar conclusions: strategic TBED investments can stimulate economic growth.