SSTI Digest

Ohio State University has appointed Vicki Butland to serve as interim president and chief executive officer for the Science and Technology Campus Corp.

Eric Cromwell has been appointed to serve as Director of Technology for the Tennessee Department of Economic & Community Development.

After 11 years as president of the Biotechnology Industry Organization (BIO), Carl Feldman has announced he will resign at the end of the year.

Robert Geolas, director of the Centennial Campus at North Carolina State, is resigning to become director of the new International Center for Automotive Research at the Clemson University.

Victor Hwang has been promoted to the position of president at Larta.

With Randall Olson's resignation, Pat Dillon has become the executive director for Minnesota Project Innovation.

BioCrossroads, the Central Indiana life sciences network, announced Chuck Schalliol is the organization's new chief executive officer and president.

William Tew has resigned as director of the Office of Licensing and Technology Development for Johns Hopkins University.

Flanked by the Kansas Senate President and House Speaker, Republican legislators unveiled on Tuesday a two-pronged agenda to encourage entrepreneurship and biotechnology across the state. The plan calls for the state to invest at least $500 million over the next 10 years through a variety of new programs to encourage research, innovation and technology commercialization.

An interesting and unique element of the plan is the allocation of the tax revenues received from the Kansas bioscience sector over the next decade to pay for the state's increased investment in helping grow the industry. Similar to Tax Increment Financing models used to cover the cost of site-specific infrastructure costs for local economic development projects, the Emerging Industry Investment Program outlined in the Kansas Economic Growth Act identifies the relevant SIC/NAICS codes that would be included in the pool of funds earmarked for the bioscience initiative.

A quick scan of most state innovation indices and report cards will reveal Massachusetts is on the short list for comparison of what others states would like to achieve. But a leadership spot in the innovation economy is not being taken for granted in the Commonwealth.

The dot-com crash and recession hit the state hard, leading Massachusetts Speaker Thomas M. Finneran last summer to recommend that Massachusetts invest more than $100 million toward several tech-based economic development (TBED) initiatives (see the July 11, 2003, issue of the SSTI Weekly Digest).

The 2005 budget request submitted this week by Florida Governor Jeb Bush includes $20 million to establish two more Centers of Excellence at Florida universities. The new centers would join the three selected last year through a competitive process [see the May 16, 2003 issue of the SSTI Weekly Digest.] Each center receives $10 million from the state and is designed to foster innovative, cutting-edge technology research at Florida’s colleges and universities, develop commercially viable applications for that research, and recruit high-tech industries and thinkers to the state. The initial legislation enabling the state's investment in the centers permitted creation of up to five.

To help strengthen the academic research infrastructure, Gov. Bush also recommended the state commit $25 million to match private donations to state universities.

Nearly every region engaged in building a tech-based economy wants more access to seed and venture capital money. It's particularly useful when your largest employer announces it will lay off up to 23 percent of its workforce – as many as 5,000 people in your community and 15,000 across the globe – during the next three years.

The generous but bittersweet offer came from Eastman Kodak Company last week as it announced the creation of a $15 million economic development fund designed to promote business development and job creation in the greater Rochester region. Kodak currently employs more than 20,000 people in Rochester, a third of its total employment of 64,000 worldwide in 2003.