SSTI Digest

Common wisdom says engineering is hard and a high proportion of engineering students, particularly female engineering students, changes majors during the course of their time in college. A recent study suggests just the opposite actually is true.

An analysis of 310,000 university students found undergraduates who begin their studies as engineers are more likely to remain within their major over time compared to students who begin their studies within other majors. Additionally, engineering students were comparable to students in other majors in terms of women remaining within their major, minorities remaining within major, and grade distribution.

The research appears in an article by Matthew Ohland, a professor of mechanical engineering at Purdue University, and his colleagues titled Persistence, Engagement, and Migration in Engineering Programs in the Journal of Engineering Education. The article received the 2009 William Elgin Wickenden Award for best paper by the American Society for Engineering Education.

SSTI is so excited about this year's conference that we're providing Digest subscribers the first peak at the 28-page, full-color brochure while its still on the presses. It will be arriving in mailboxes by the end of the week, but is available now as a PDF by clicking either of the links below or by email request.

• http://www.ssti.org/Conf09/SSTI_Seize_The_Moment2009_full_brochure.pdf
• http://www.ssticonference.org/SSTI_Seize_The_Moment2009_full_brochure.pdf

In addition, speaker bios, conference updates, and more details are available at: http://www.ssticonference.org/.

The circumstances leading to SSTI's 13th Annual Conference make this year's event critical. We encourage you to join us in Overland Park, Kansas October 21 - 23, 2009 to Seize the Moment. As you scan the conference website, you'll discover we're putting together our most complete and complex conference yet.

This year's conference will bring together distinguished speakers like Josh Lerner of Harvard Business School and Rob Atkinson of the Information Technology and Innovation Foundation who will challenge conventional thinking; experienced practitioners who will share best practices; and, leading individuals who are breaking new ground in their attempts to build tech-based economies. Plus, we'll have four stimulating roundtable discussions examining some of the thorniest issues we're facing - improving metrics that are being used, re-examining equity programs, and engaging universities.

Hawaii Governor Linda Lingle recently allowed a significant revision to the state's High-Technology Investment Tax Credits program become law without her signature. The program, which has provided a 100 percent credit on high-tech investments since 2001, now will cap its credits at 80 percent. Investors also will no longer be able to transfer their credits to other investors. The revisions will apply through December 2010, when the tax credit program is scheduled to expire.

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.

The growing need for a skilled workforce in the U.S. has prompted policymakers, educators and industry leaders alike to explore a wide range of options for ensuring a pipeline of qualified workers with specialized skills to fill both new economy jobs and those that will be vacated by the aging population. Two recent examples include grants awarded to states to help re-train older generation workers for jobs in high-growth industries and legislation introduced in the U.S. Senate to provide resources for high-school students to secure high-wage careers in their regions.

While much attention is focused on recruiting youth to build a skilled workforce, perhaps overlooked are older workers, who play a key role in maintaining a competitive workforce, contributing skills and experience that younger workers do not yet possess.

As the U.S. has experienced rising unemployment rates during the recent economic downturn, larger numbers of individuals with technology-based skills are finding themselves out of work. One policy option to seize the moment is to engage the unemployed, assisting them on a path to starting their own business. But what are the characteristics and family backgrounds of the general population who have become successful tech-based entrepreneurs?

In a recent report, "The Anatomy of an Entrepreneur," Vivek Wadhwa, Raj Aggarwal, Krisztina Holly and Alex Salkever examine the socioeconomic, educational, and familial backgrounds of 549 high-tech entrepreneurs, and the factors that motivated them to start a business. The authors find the entrepreneurs started their business at the average age of 40 years old, 70 percent were married at the time of launch, and 60 percent already had at least one child when they started their business. These findings may contradict existing stereotypes of tech entrepreneurs as primarily young people coming straight out of college without existing commitments to family.

Historically viewed as an important contributor to job creation in emerging fields and a revenue generator for cities and states, science and technology parks serve an essential role in driving high-tech economies. A recent article in BusinessWeek predicts that as nations emerge from the global recession, science parks are likely to play an even larger role in the process of ensuring that local economies remain competitive. And with increasing international competition, many established parks are undergoing transformations, adding square footage and distinct features in order to stand out among the crowd.

Over the five-year period from 2004 to 2008, 124 of the 366 U.S. metropolitan statistical areas experienced a change in per capita income at a greater rate than the U.S. as a whole, according to statistics released last week by the Bureau of Economic Analysis (BEA). In 2008, per capita personal income in the U.S. was $39,582, a 19.4 percent increase since 2004. To further examine all 366 metro areas in the U.S., SSTI has prepared a table showing the amount and change in per capita income for each MSA from 2004 to 2008.

The metro area situated around Midland, Texas experienced the largest increase in per capita income, growing by 51.1 percent over the five years. The Midland MSA was also in the top ten of MSAs in its projected 2008 per capita income.

Rounding out the top 10 in terms of five-year percent increases were the metro areas centered around:

Congress has approved a two-month extension for the Small Business Innovation Research (SBIR) Program, which was set to expire on Friday, July 31. S. 1513 extends the program in its current form until Sept 30, 2009, which coincides with the end of the federal fiscal year.

The U.S. venture capital industry showed signs of growth during the second quarter of 2009, according to the most recent update from the National Venture Capital Association and PricewaterhouseCoopers Moneytree Report. While the total number of deals remained flat, total dollars invested increased by 15 percent over the first quarter of the year. Much of the growth is the result of increased investment in seed and early-stage companies, which grew 67 percent over the previous quarter in an encouraging sign for entrepreneurs. Life science (including the biotechnology and medical device industries) investment also received a boost, receiving the highest percentage of U.S. venture capital dollars the sector has received in the history of the report.

The New York State legislature passed an act enabling New York City to move forward with a $3 million biotech tax credit that is expected to encourage biotechnology firms to bring their jobs, innovation, and emerging technologies to the city. The bill (S.4845-B/A.8131) is expected to be signed into law by Gov. David Paterson.

Among the first beneficiaries of the credit will be new tenants for the East River Science Park (ESRP), a $700 million bioscience complex being built along First Avenue between 28th and 30th Streets. Last week, ESRP announced its first signed tenant, biotechnology company ImClone Systems, which is owned by Eli Lilly. The city's new biotech tax credit, in tandem with state tax incentives and broad-based government investment in diversifying the local economy, will bring more such companies to ESRP and sites across the five boroughs.