SSTI Digest
Second NGA New Economy Paper Released
The National Governors' Association has released the second paper in the New Economy Series. Growing New Businesses with Seed and Venture Capital: State Experiences and Options identifies four basic strategies states pursue to increase venture investing and makes eight observations regarding best practices among state seed and venture capital financing efforts. The paper also includes several benchmarks in program design, management practices, and program results to use in analyzing a public program’s effectiveness. Three appendices complete the paper. The first appendix presents PricewaterhouseCoopers capital investment statistics by state and industry sector and the second describes four case studies of successful capital access programs. The final appendix is a matrix of the types and ranges of capital access programs offered in each state. The paper was prepared by Robert Heard, president of the National Association of Seed and Venture Funds, and John Sibert, CEO of the Global Finance Group, LLC.
People in S&T
During the National SBIR Conference this past weekend, it was announced Jon Baron will be leaving his position as SBIR/STTR Program Manager for the Department of Defense on June 1.
Washington Governor Gary Locke has named Fred Morris as his new advisor for science and technology. Mr. Morris has been working for Battelle Memorial Institute's Northwest Research Center where he has worked at the Science and Government Center
Rosalie Ruegg has retired from her position as the Director of the Economic Assessment Office for the Advanced Technology Program in the National Institute of Standards and Technology.
People in S&T
During the National SBIR Conference this past weekend, it was announced Jon Baron will be leaving his position as SBIR/STTR Program Manager for the Department of Defense on June 1.
People in S&T
Washington Governor Gary Locke has named Fred Morris as his new advisor for science and technology. Mr. Morris has been working for Battelle Memorial Institute's Northwest Research Center where he has worked at the Science and Government Center
People in S&T
Rosalie Ruegg has retired from her position as the Director of the Economic Assessment Office for the Advanced Technology Program in the National Institute of Standards and Technology.
Millions in Renewable Energy Funding Freed in Massachusetts
On April 19, the Massachusetts Supreme Judicial Court cleared the way for the Massachusetts Renewable Energy Trust Fund to begin operations with a unanimous ruling that the funding mechanism is constitutional. Between 1998 and 2003, the Trust, managed by the Massachusetts Technology Collaborative, will receive about $150 million to accelerate the use of cleaner sources of electricity and to invest in the development of the renewable energy industry in Massachusetts. In subsequent years, the Trust will receive about $20 million a year.
As an outgrowth of electric utility deregulation, the Trust was created in 1998 by the legislature to promote the development of renewable energy in the Commonwealth through a series of initiatives that exploit the advantage of renewable energy in a more competitive marketplace. The Massachusetts Technology Collaborative was selected by the legislature to lead this effort.
NSF Places Prominent Scientists & Engineers in Middle Schools
More than 240 of the nation’s leading scientists and engineers, including 14 Nobel laureates, will begin sharing their passion for discovery with middle school students across the nation as a result of the “Scientists and Engineers in the Schools” program. Announced last week, the program is a new initiative of the National Science Foundation.
Wisconsin Creates State Technology Council
Last Friday, Governor Tommy Thompson signed into law Senate Bill 429, establishing the Wisconsin Technology and Entrepreneurs Council (WITEC). The nonprofit corporation is to promote and support the creation, development, and retention of science-based and technology-based businesses “through the establishment and implementation of programs that focus on various elements that are important for the success of high-technology firms, such as entrepreneurs, seed and venture capital, universities and state government."
The Wisconsin Department of Commerce is required to organize and assist in maintaining WITEC, including providing a one-time grant of $50,000 for start up expenses. Commerce may provide additional funding on a matching basis. The total maximum Commerce contributions to WITEC are limited to $250,000 in any fiscal year.
Network of Incubators Proposed in Indiana
Purdue University plans to seek $15 million in matching funds from the state to establish and support five technology business incubators or regional technology centers around Indiana. The state also will be asked to provide $6.25 million in funding for administrative support over the first four years of the centers’ operations.
The focus for each center would depend on the region of the state and the potential that exists within that region. Purdue's plan calls for each regional technology center to create an advisory committee to establish criteria for use of its services and to evaluate each company's potential for growth and success. Each center would be expected to work in partnership with Purdue during the developmental years of the program.
SSTI's Latest Issue Brief: Science, Technology and the Governors
Science and technology issues are well positioned on the radar screen of many governors, based on SSTI review of more than 50 gubernatorial addresses. In SSTI's latest issue brief, Science, Technology and the Governors: Excerpts from the 2000 Gubernatorial Addresses, SSTI compiles 117 excerpts across a range of S&T concerns: new initiatives, biotechnology, university research capacity, the New Economy, e-commerce, technology-related tax credits, seed and venture capital, information technology and workforce development.
Tech Programs Among Most Innovative
Six technology-related programs are among the 96 semifinalists for the 2000 Innovations in American Government Awards. The award, which recognizes innovation and effectiveness in public sector programs, has become one of the most prestigious public-service honors in the country. Innovations in American Government was established in 1986 by the Ford Foundation and is administered by the John F. Kennedy School of Government at Harvard University.
Announced last week, the 96 semifinalists were selected from more than 1,300 nominees across all levels of government. Twenty-five finalists will be named in late summer. The 10 top finalists each will receive $100,000; the remaining 15 will receive $20,000 a piece.
Technology-related semi-finalists include:
Useful Stats: 1999 Patents by State
In February, the US Patent and Trademark Office released a table of all patent activity in 1999 by state, and the percentage change by state over 1998 activity. Nationally, patents grew by 3.7 percent between 1998 and 1999. The ten states that showed the greatest growth in patent activity are (percentage change from 1998 is provided in parentheses): Puerto Rico (57.1%), Idaho (40.6%), South Dakota (36.8%), Kentucky (25.7%), Arkansas (22.8%), Kansas (22.5%), Wyoming (18.4 %), Iowa (13.8%), Tennessee (11.6%) , and Alabama (11.1%).
The complete table can be found on page three of the 1999 Patenting Trends paper, downloadable at: http://www.uspto.gov/web/offices/com/speeches/pattr99.pdf