SSTI Digest

The Semiconductor Research Corporation (SRC) named Dr. Steven Hillenius to replace Dr. Ralph Cavin as vice president. Cavin is retiring from the SRC leadership team at the end of the year

Yolanda Hunter is the new manager of the New River Valley Competitiveness Center in Radford, Va. Wayne Carpenter, former manager of the incubator, left to pursue private consulting work.

The Virginia Piedmont Technology Council (VPTC) selected Jerry MacLean as its new executive director. MacLean replaces Gail Milligan, who will remain with VPTC through June to assist with the transition.

The Purdue Center for Regional Development has appointed Ed Morrison to the position of economic policy advisor.

Yuka Nagashima was named executive director of Hawaii's High Technology Development Corporation.

Automation Alley, which promotes economic growth in Southeast Michigan, has hired Noel Nevshehir to direct its international business center.

The Northern Virginia Technology Council Foundation has changed its name to the Equal Footing Foundation to better communicate its mission to the community.

The Deshpande Center for Technological Innovation at Massachusetts Institute of Technology named Leon Sandler as its new executive director.

Massachusetts Gov. Mitt Romney named Deborah Shufrin as director of the state's Department of Business and Technology. Shufrin replaces Renee Fry, who stepped down to serve as the governor's duputy chief of staff.

The second installment to Walkin' the Tech Talkin' Gov Walk (see the April 17 issue of the Digest) covers the outcomes of the 2006 legislative sessions within four states, Connecticut, Florida, Hawaii and Kentucky. Following is a synopsis of bills passed and budget appropriations relevant to tech-based economic development and the priorities outlined in respective gubernatorial addresses at the beginning of 2006.

Connecticut

The annual Earth Day celebrations provide an opportunity for the least environmentally friendly corporations and politicians in America to appear green by sponsoring litter pick-ups or standing in front of hydrogen fueled cars. More often, however, the U.S. policy debate sees a "jobs versus environment" battle, or most recently, cheaper gas versus environmental integrity. A recent index prepared by Yale University and Columbia University for the World Economic Forum reveals, however, most of the world's top innovative countries are also among the highest performers on 16 environmental indicators, ahead of the U.S. More telling, is that the areas the U.S. is weakest -- renewable energy, water resources, and greenhouse gas emissions -- also provide some of the greatest opportunities or obstacles for economic growth as the 21st century unfolds.

A significant increase in venture-backed exits is signaling a new phase in the evolution of the global venture capital industry, according to a report released May 3 by Ernst & Young. Venture-backed company exits grew in value and number in 2005, as the U.S. and Israel saw increasing merger and acquisition (M&A) valuations, while Europe experienced an increase in Initial Public Offerings (IPOs) - a trend that is set to continue this year and into 2007, according to Transition, the fourth annual Ernst & Young Venture Capital Insight Report. The following summary is from the Ernst & Young press release accompanying the report: