SSTI Digest

Lawmakers in several states wrapped up their 2011 sessions in time for the new fiscal year, which begins on July 1 for most states, allocating funds and passing bills in support of tech-based economic development. Read more...

Delaware lawmakers established a new Job Creation Tax Credit and extended the scope to include clean energy technologies. Read more...

Maine Gov. Paul LePage signed a bill expanding the state's Seed Capital Tax Credit. Read more...

Recent announcements of new and emerging technology incubators range from Google's selection of Cape Town, South Africa to launch a pilot incubator supporting technology entrepreneurs that it hopes to replicate globally to Alabama Gov. Robert Bentley's plan to create a statewide business incubator focusing on workforce training. Select announcements from across the globe are highlighted below.

Google will set up a new technology incubator called Umbono in Cape Town, South Africa, reports Memeburn. Startup companies selected for inclusion will receive six months of free office space and bandwidth, in addition to $25,000 to $50,000 in funding from a panel of angel investors and Google. The goal is to replicate the model in other parts of the globe. The name means "vision," "sight" or "idea" in Zulu, the article states.

The fifth installment of SSTI's Tech Talkin' Govs series includes excerpts from speeches delivered in Maryland, Montana, Oklahoma, Texas, and Utah. The first four installments are available in the Jan. 5, Jan. 12, Jan. 19 and Jan. 26 issues of the Digest.

Maryland
Gov. Martin O'Malley, State of the State Address, Feb. 3, 2011
"To create more jobs, we must leverage the power of our diversity... we must leverage the power of our geography... And we must harness the potential of Maryland's Innovation Economy: bio-tech, green-tech, clean-tech, cyber security, information technology, aerospace, global trade, and next generation manufacturing. ...

Citing the need to ensure a competitive edge in the weak economic climate, Texas Gov. Rick Perry is asking lawmakers to continue investing in the state's economic development tools by providing an additional $15 million for the Texas Emerging Technology Fund (ETF) and retaining funding for the Texas Enterprise Fund in the coming biennium. The governor also is proposing $50 million for science, technology, engineering and mathematics (STEM) scholarships and $32 million to increase STEM academies.

Gov. Perry is seeking $219.2 million for his priorities and initiatives over the next two years, which includes the additional funds for the ETF and STEM incentives as well as $20 million for the Film and Video Game Incentive program and $11.3 million for Economic Development & Tourism. House and Senate committee budget recommendations unveiled last month would provide $21.3 million for the ETF in unexpended balances not obligated in the current biennium, but add no new funding. The governor's budget would add an additional $15 million to foster emerging technologies, enhance university-industry collaboration, and promote technology commercialization.

Maine Governor Paul LePage named Phillip Congdon as the new commissioner of the Department of Economic and Community Development. Cogndon is a licensed professional engineer who spent more than 20 years with Texas Instruments in Dallas. He replaces Acting Commissioner Thaxter Trafton.

Ohio Governor John Kasich announced Mark Kvamme, a partner at Sequoia Capital, will serve as the interim state development director. The Silicon Valley venture capitalist has agreed to do the job for a dollar.

Former NorTech CEO Dorothy Baunach will be Cuyahoga County's interim economic development director.

Ken Bloemer, executive director of the U.S.A. National Innovation Marketplace, will replace Phil Doepker as director of the University of Dayton, Innovation Center.

With the end of federal stimulus funding for higher education on the horizon, states are considering proposals to retool current funding formulas for colleges and universities and looking to alternative funding sources to sustain their programs and services in the coming years. Ahead of the 2011 legislative session, groups commissioned by governors in Colorado and Virginia recommended a voter-approved tax and more stable funding streams from the state, respectively. In Texas, the Higher Education Coordinating Board endorsed a method in which a percentage of university funding would be based on student outcomes. The proposals were submitted to Gov. Rick Perry and the legislature last week, reports the Austin American-Statesman.

Colorado

Lawmakers called into special session on Friday approved a $75 million incentive package for a Texas-based energy company to build five biofuel facilities in the state expected to generate 1,000 new jobs through a total $500 million investment. The package approved by lawmakers also includes $4 million for a workforce training fund through the state's institutions of higher education and up to $2 million for biomass research at Alcorn State University and Mississippi State University.

The state assistance package totals $81 million, which includes $51 million in new bonds and $30 million available from a previous state-level authorization.

Texas-based KiOR, Inc. will receive $75 million to build five commercial-scale renewable crude oil production facilities in the state, three of which will be built over the next five years. Another $4 million is allocated to the Mississippi Development Authority Workforce Training Fund and $2 million is available for research on biomass usage in the production of renewable crude oil at the previously mentioned universities.

Ray Gilley resigned as chief executive of the Metro Orlando Economic Development Commission after nine years on the job. Gilley was responsible for helping lure the Sanford-Burnham Medical Research Institute to Central Florida.

Peter Ginsberg joined the North Carolina Biotechnology Center as vice president of Business & Technology Development.

Leslie Smith was hired as the first general manager of TechTown, Detroit's research and technology park. A Detroit native, Smith previously served as director of business acceleration for the Michigan Economic Development Corp.

Deputy Director Jonathan Taylor will fill the position of director of the Texas Emerging Technology Fund following the resignation of Alan Kirchhoff earlier this month.

Specialized and high-tech incubators provide crucial services and resources to promote and enhance Commercialization & Entrepreneurship, one of the six thematic tracks of this year's annual conference. Three sessions tied to this theme will be explored during SSTI's annual conference, focusing on direct lessons from successful and proven TBED programs, regional innovation clustering, and more. They include:

• Distributed, Non-University Models for Commercializing New Technologies
• Technology Entrepreneurship: Direct Contact Required
• Sustaining Entrepreneur-in-Residence & Mentoring Programs

Announcements of new incubators designed to hatch ideas, speed commercialization of university-based inventions, and grow technology-focused companies across the nation are detailed below.

Patrick Draper has been appointed as president and CEO of the Toronto Region Research Alliance.

Arlene Garrison has been appointed as vice president of University Partnerships at Oak Ridge Associated Universities.

Innovate Texas Foundation joined the Texas Tech University System and The Wind Alliance to announce the formation of the National Institute for Renewable Energy, an independent public-private collaboration that will work to solve key scientific and technology challenges facing the wind power industry.

TBED People
Michael Burcham has been named the first president of the Nashville Entrepreneur Center. Burcham currently serves as a clinical faculty member at Vanderbilt University's Owen Graduate School of Management.

Austin Burke, longtime president of the Greater Scranton Chamber of Commerce, is being nominated secretary of the Pennsylvania Department of Community and Economic Development. Burke will replace George Cornelius, who is leaving his post to become the president of Bridgewater College in Virginia.

Former National Science Foundation official Deborah Crawford has been appointed Drexel University's vice provost for research. Crawford will begin her tenure at Drexel in September.

The University of Texas at Austin recently announced the formation of a university-wide initative to support technology commercialization, entrepreneurship and innovation. Venture Labs Texas will assist new ventures at the university and broker deals with sources of capital, including venture funds, angel investors and Texas' Emerging Technology Fund. Read more about Venture Labs at the University of Texas at Austin at: http://texasventurelabs.net/