SSTI Digest

The Kansas Technology Enterprise Corporation (KTEC), the state's lead corporation to promote advanced technology economic development, has developed a new investment program to help early-stage technology companies get the capital boost they need.

KTEC's Technology Commercialization Seed Fund (TCSF) is intended for companies that have developed technology products or processes and are preparing for a venture investment. Established July 1, the new fund emphasizes technology commercialization and complements KTEC’s existing Applied Research Matching Fund, which is intended for companies still in the product development phase.

“TCSF allows us to help companies that are farther along than companies we’ve invested in in the past,” said Michael Peck, KTEC vice president of investments and portfolio management. “Companies that are eligible for a TCSF investment will have other investors ready to co-invest with KTEC.”

Michigan Governor Jennifer Granholm has vowed to enlist her fellow governors in the fight to maintain the nation’s vital manufacturing industry. At a recent meeting of automotive industry executives and experts in Traverse City, Mich., Granholm used her keynote speech to call for actions that will stave off the loss of manufacturing jobs in the U.S.

Granholm offered a three-step plan for elevating the national discourse on maintaining manufacturing jobs:

Seven grants totaling nearly $4.76 million will help Southwest Virginia achieve greater high-speed bandwidth access by enabling deployment of fiber optic cable throughout much of the region. The Tobacco Indemnification and Community Revitalization Commission awarded the grants, including $2.03 million via five grants to Bristol Virginia Utilities (BVU). The balance of the funds was distributed between the Cumberland Plateau and Lenowisco planning district commissions.

The 31-member Virginia Tobacco Commission was created by the 1999 General Assembly to make payments to farmers to compensate for the decline of tobacco quotas and to promote economic growth and development in tobacco-dependent communities.

California, with a 13.4 percent share of the U.S. total, led the nation in receiving federal obligations for science and engineering (S&E) to colleges and universities in FY 2001, according to a new National Science Foundation (NSF) report. More than $22 billion was provided to all institutions in FY 2001, with the Department of Health and Human Services leading the way at almost $13 billion and NSF second at $3.3 billion.

While rural regions strive to establish basic high-speed Internet connections, larger cities such as St. Louis, Oklahoma City and Roanoke, Va., are looking to establish free, wireless Internet access across several blocks to encourage economic development. Recent reports show efforts are underway to speed the technology's deployment in each of the metro areas.

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Michael Gallagher recently was nominated to lead the National Telecommunications and Information Administration. Gallagher succeeds Nancy Victory as assistant secretary of Commerce for communications and information.

Jeff Morris has been named Director of the Northwest Energy Technology Collaborative.

John Tesoriero has left the New Jersey Commission on Science & Technology to become Associate Director of the Center for Advanced Information Processing at Rutgers University. David Eater is Acting Executive Director for the Commission as a search is conducted for a permanent replacement.

Michael Gallagher recently was nominated to lead the National Telecommunications and Information Administration. Gallagher succeeds Nancy Victory as assistant secretary of Commerce for communications and information.

Jeff Morris has been named Director of the Northwest Energy Technology Collaborative.

John Tesoriero has left the New Jersey Commission on Science & Technology to become Associate Director of the Center for Advanced Information Processing at Rutgers University. David Eater is Acting Executive Director for the Commission as a search is conducted for a permanent replacement.

More workers in North Carolina will be trained for jobs in biotechnology, thanks to the Golden LEAF Foundation's recent $60 million commitment to the emerging industry. In all, $64.5 million is going toward a training initiative, with North Carolina's biotech industry expected to contribute $4.5 million.

Golden LEAF (Long-term Economic Advancement Foundation), created in 1999 as a nonprofit corporation, receives one-half of the funds coming to North Carolina from its settlement with tobacco companies. The Foundation's mission is to help the state transition out of a tobacco-based economy while creating new jobs in tobacco-dependent areas.

Perhaps most state and local technology-based economic development (TBED) professionals are not aware of a debate going on within academia, but some of the finger-pointing is directed toward you.

America’s institutions of higher education are undergoing a tremendous transition as the image of an independent and objective Ivory Tower morphs into a structure more closely resembling the modern corporate research facility.