SSTI Job Corner
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Lawmakers Approve Funding for TBED Initiatives in State Budgets
Three states recently wrapped up their 2008 legislative sessions, resulting in the passage of operating and capital budgets for the upcoming fiscal year. State lawmakers approved funding for new and existing TBED initiatives aimed at diversifying the states' economies through increased investments in energy programs, higher education research initiatives and science, technology, engineering and mathematics (STEM) fields.
South Dakota
Can Smaller Cities Compete with the Country’s Most Successful VC Markets?
According to the latest stats on venture capital investments, half of all U.S. VC investment during the last quarter of 2006 supported companies in two small areas of the country: Silicon Valley and New England (primarily the Boston metro area). With the exception of only a handful of other large metro areas and, since the origin of the modern venture capital industry some 25 years ago, most other cities have struggled to attract the attention of venture capitalists.
Recommended Rules of Engagement for University Tech Transfer
It is the opening day of AUTM’s 2007 annual conference in San Francisco, the largest gathering ever of individuals from around the world interested in university technology transfer.
Prizes Making Comeback to Spur Innovation
A gala held last weekend at Google headquarters in California officially kicked off a $50 million fundraising campaign for the X Prize Foundation, which provides funds for the development of new prizes. The prizes are designed to support breakthroughs for specific challenges in medicine, energy production and consumption, education, and transportation.
South Dakota Changes Tactics in the Battle for High-Tech Jobs
South Dakota recently announced it is reorganizing its programs to support entrepreneurs and high-tech start-ups. Instead of offering assistance to new firms through small, targeted programs, the state will reallocate the funding for these smaller programs into a larger fund with fewer restrictions on how that money can be spent. The change will allow the state greater leeway to assist expanding businesses, many of which were not eligible for the existing support programs.
$95M California Research and Innovation Initiative Would Target Green Energy, Biotech and Nanotech Jobs
California Gov. Arnold Schwarzenegger has announced that his proposed budget for 2007-08 will include a $95 million initiative to support new and existing facilities for high-tech research. The California Research and Innovation Initiative would provide funding to several university-based projects around the state hosting clean energy, biotechnology, and nanotechnology research and commercialization activities. Gov.
People
Mel Ustad, current interim vice president for research at the University of South Dakota, is the new director of the state's first Office of Commercialization.
South Dakota Creates Office of Commercialization
To fulfill a goal within the state's 2010 Initiative of becoming a recognized leader in research and technology development, the South Dakota Department of Tourism and State Development will operate an Office of Commercialization under the direction of Mel Ustad, current Interim Vice President for Research at the University of South Dakota.
People
Jafar Karim is the new director of the Governor's Office of Economic Development in South Dakota.
Calif. Treasurer Commits $1.5B Toward Green Tech
California's Treasurer Phil Angelides called earlier this month for the nation's largest and third largest pension funds to invest at least $1.5 billion into environmental technologies and environmentally responsible companies.
People
Sherry Farwell has been named as the new head of the National Science Foundation's Experimental Program to Stimulate Competitive Research (EPSCoR). Dr. Farwell currently serves as dean of graduate education and research at the South Dakota School of Mines and Technology.
UC Tops List of Universities Receiving Patents in 2003
The United States Patent and Trademark Office (USPTO) has announced the top 10 U.S. universities receiving the most patents during calendar year 2003. The University of California tops the list for the tenth consecutive year.
Biotech Gleanings from San Diego
On Jan. 18, the San Diego Union-Tribune ran a series of three interesting articles examining the biotech sector. One story considers, now that a number of local biotech firms are completing clinical trials, where will they develop their multimillion manufacturing facilities. The other two articles look at selected state and local efforts around the country to support the biotech industry, including Washington, D.C., St. Louis, and Marshfield, WI.
$20 Million Gift Targets Women in S&E
The majority of an anonymous gift of $26.5 million to the University of Southern California (USC) will be used to increase the representation of women in the hard sciences and engineering faculty and encourage middle school girls to choose a science pathway in education. Money also will be used to create new faculty positions in the sciences, upgrade laboratories, increase scholarship aid for undergraduates, create new fellowships for graduates and fund child care.
Southern California Technology Innovation Index Released
With the goal of developing a common technology agenda among the region’s leaders, the Los Angeles Regional Technology Alliance (larta) has compiled its first regional innovation index benchmarking the area’s strengths and weaknesses in S&T. The Southern California Technology Innovation Index compares the five-county Los Angeles consolidated metropolitan statistical area with the California Bay Area (San Francisco, Oakland and San Jose), Austin, Texas, and Massachusetts.
Springboard 2000 Yielding Results
As mentioned in the last week's SSTI Weekly Digest, access to capital is a challenge for women-owned businesses. Springboard 2000, one nationwide initiative to overcome that obstacle, in less than one year, has assisted women entrepreneurs in science and technology businesses to raise more than $235 million in venture funding. The investments have been raised directly as a result of two forums held this year in Redwood City, California and Dulles, Virginia.
Milken Reports on Women and Minority Challenges in Capital
During the past two weeks, the Milken Institute has issued two similar reports documenting the difficulties and successes minority- and women-owned business have accessing capital.
The Minority Business Challenge: Democratizing Capital for Emerging Domestic Markets presents new findings and several specific recommendations to sustain minority businesses growth. The findings include:
California S&T Gets Promotion
State science and technology initiatives have been given higher profile in California as the state's lead economic development department changes its name to the Technology, Trade, and Commerce Agency. The new Division of Science, Technology and Innovation, led by Deputy Secretary Joe Raguso, will oversee the state's tech-based economic development efforts.
California Moves to Increase Access to Higher Ed
In a move designed to significantly improve access to higher education, California Governor Gray Davis signed legislation this week that will significantly expand the state's scholarship programs. Under the new legislation nearly one-third of high school graduates will receive scholarship assistance through the state's Cal Grant program, according to the bill's sponsors.
DOL Provides $17.2M for National Biotech Initiative
The U.S. Department of Labor (DOL) launched last month a $17.2 million national Biotechnology Worker Training Initiative in support of the President’s High Growth Job Training Initiative.
“This $17.2 million in training funds will recruit and train workers for jobs in the biotechnology field, which is expected to be one of the fastest growing sectors by 2012,” said Secretary of Labor Elaine Chao.
Input Sought for 'Next Generation' Manufacturing Programs
The U.S. Department of Commerce and the National Academy of Public Administration (NAPA) recently released reports making recommendations to address the challenges faced by the manufacturing industry. One of the recommendations in the NAPA report suggests creating a strategic plan that articulates the "next generation" of the Commerce Department's National Institute of Standards and Technology (NIST) Manufacturing Extension Partnership (MEP).
People
Connecticut Lt. Gov. M. Jodi Rell was sworn in as the state’s 87th governor on July 1, taking over from former Gov. John Rowland, who resigned amid a federal corruption investigation and a threatened impeachment for allegedly accepting gifts from employees and state contractors. Senate President Pro Tem Kevin Sullivan was sworn in as Lieutenant Governor. Rell is a Republican, while Sullivan is a Democrat.
Positive Signs Remain for Women-led Companies, Despite Funding Disadvantage
Although a significant gap still exists between women-led companies and their male counterparts, in terms of venture funding, some promising news may suggest a change in fortune for the former, a study released today by Growthink Research of Los Angeles and Chicago-based re:invention Inc. shows.