People
Steve Jarvis resigned as the director of California Trade and Commerce's Office of Strategic Technology. Jeff Newman has been named as acting director.
Training for Green Jobs Focus of New TBED Initiatives in California and Michigan
Much emphasis has been placed on the importance of green jobs in the next economy as the nation continues to shed jobs in traditional industries. Creating these specialized jobs is a major priority for states across the nation that will compete for renewable energy industries. Two recent announcements in California and Michigan illustrate efforts underway to recruit and prepare a workforce capable of meeting critical industry needs.
TBED People and Organizations
The newly-created Clean Energy Leadership Council, convened by the Washington governor's office and a state-wide public-private clean energy alliance, held its first meeting. The council will deliver a clean energy strategy and recommendations by December 1, 2010.
California proposes billions for climate initiatives, additional money for innovation programs
Earlier this month, California Gov. Gavin Newsom released his proposed FY 2022-2023 budget, which he said “reinforces our role as the global leader in climate protection, innovation and job creation.” The budget focuses on new investments and “positions the state as a global leader in innovation and solutions to both mitigate and adapt to the changing climate.” The proposal includes billions in one-time funding from various sources over five years to advance the state’s climate and opportunity budget and provide equitable climate solutions.
Higher education, lower taxes in governors’ plans for growth
Several more State of the State addresses were delivered already this month, leaving just a few states yet to go and the pandemic and recovery from the pandemic, not surprisingly, continue to feature heavily in governors’ plans. Energy opportunities, tax cuts, broadband and shifts in the model for higher education are in play in this week’s review of addresses from California, Florida, New Hampshire and Wyoming.
Arkansas, Indiana and California form international agreements on tech innovation, climate change and manufacturing
Three states — Indiana, California and Arkansas — have recently participated in international diplomacy, creating strategic connections and developing agreements to address climate change and trade barriers with the United Kingdom, New Zealand, and Canada. These recent agreements may suggest a shift toward innovation-focused diplomacy at the state level with nations across the globe.
OECD Finds Promise in Emerging National Innovation Economies
The Organization for Economic Cooperation and Development (OECD) has released the 10th edition of its annual Science, Technology and Industry Scoreboard. Each year, OECD examines major trends in the global innovation economy and uses 180 indicators to evaluate the high-tech economies of OECD countries, as well as select non-OECD countries. The overarching theme of this year's release is the increased importance of the non-OECD countries, including Brazil, the Russian Federation, India, Indonesia, the People's Republic of China and South Africa, together dubbed the BRIICS countries.
TBED People
Jill Kline has been named the State director of the Wyoming Small Business Development Center.
Daniel Hasler has been named the Indiana Secretary of Commerce, effective Sept. 16. He will replace Mitch Roob who is leaving the post to accept a position in the private sector.
The National Governors Association named David Moore as the director of its NGA Center for Best Practices.
Scotland Universities to Direct Nearly 11 Percent of Funding on Pursuing Innovation
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.
HP Selecting Three “Digital Villages” to Receive $15 Million
Through its Digital Village Program, Hewlett-Packard is providing up to $15 million in products and resources over a three-year period to three communities who need assistance to participate fully in the New Economy. East Palo Alto, CA already has been designated as a Digital Village; the remaining two will be selected through a competitive process.
Recent Reports & Studies: Gans, Hsu & Stern: When does Start-up Innovation Spur the Gale of Creative Destruction?
Why do some start-up technology businesses choose to directly commercialize their innovations, taking on the industry titans as is common in the electronics industry, while other new tech firms, such as those involved in biotechnology, choose a path of cooperation with the industry leaders, commercializing through licenses, joint ventures, and outright acquisition?
Guide to Federal Tech Programs Available
The Los Angeles Regional Technology Alliance (larta) has released its 2001 Federal Technology Funding Guide which profiles 89 regularly scheduled federal programs that support technology development and deployment. Each profile includes descriptions, contact information, timelines, and examples. Targeted to technology companies, the guide presents only programs with eligibility requirements open to for-profit businesses.
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.
Transferring University Technologies: Challenging Bayh-Dole
Does patenting encourage or speed the transfer of technology from universities? Does the prospect of receiving royalties and licensing fees increase motivation among university researchers to work with businesses to commercialize technology? A recent paper suggests the answers to both questions is "no," but that more empirical and statistical research is needed to determine whether or not increased emphasis on intellectual property rights is achieving the desired results.
People
President Bush has nominated Los Angeles resident Hector Barretto to serve as Administrator of the Small Business Administration.
Celeste Named Ambassador to India
Former Ohio Governor Richard F. Celeste was sworn in as the United States Ambassador to India last week. Celeste has been a leader in the field of technology-based economic development for the last 15 years. While governor, Celeste established Ohio's Thomas Edison Program.
Demand Exceeding Supply of Info Tech Workers
Job growth in information technology (IT) now exceeds the production of talent, according to a U.S. Department of Commerce's Office of Technology Policy (OTP) study, America's New Deficit: The Shortage of Information Technology Workers. A recent survey of mid- and large-size U.S. companies by the Information Technology Association of American (ITAA) concluded that there are about 190,000 unfilled IT jobs in the U.S. today due to a shortage of qualified workers.
Canada Launches 5-year, $900M Aerospace and Defense Initiative
To promote excellence and accelerate innovation in the nation's aerospace, defence, security and space industries, Canada earlier this month launched the Strategic Aerospace and Defence Initiative (SADI) -- a repayable contribution program being administered by Industry Canada's Industrial Technologies Office (ITO).
People
Bay Area Regional Technology Alliance (BARTA) has been renamed the TechVentures Network as the Bay Area's leading source of access to financing, business data and services for emerging technology.
People
Kevin Holmes returned to his alma mater, Santa Clara University, to join the Leavey School of Business as executive director of its Center for Innovation and Entrepreneurship (CIE).
Ontario’s New Public-Private Fund-of-Funds Could Raise $300M
Ontario officials launched a new fund-of-funds this week intended to boost capital resources for high-tech companies. The Northleaf Venture Catalyst Fund is a privately led initiative, supported by federal and provincial funds. The governments of Canada and Ontario have agreed to make a combined capital commitment of $1 for every $2 secured from the private sector. Current commitments total $217.5 million CAD ($195.4 million USD), but leaders hope to match the government’s maximum match level of $300 million CAD ($269.6 million USD) in a second closing later this year.
Useful Stats: U.S. Venture Capital Per Capita and Share of National Total by State, 2008-13
After hitting an all-time high in 2012, California’s dominance of the nation’s venture capital activity receded a bit last year. California continues to receive about half of the country’s venture investment dollars and about 40 percent of its dealflow, but in 2013, the state’s share of dollars fell from 53 to 50 percent, according to data from the PricewaterhouseCoopers/National Venture Capital Association (PwC/NVCA) Moneytree survey. Massachusetts, which has been host to about 10 percent of national venture activity in past years, also saw its share of total U.S.
Around the World in TBED
The United Kingdom (UK) recently announced that it will petition the European Commission, the European Union’s executive body, for permission to increase the size of tax relief for social investments that address significant social issues. In the U.S., Georgetown University and Portland State University recently announced new initiatives to promote innovation that will address social issues. These universities join a growing number of institutions of higher education that are working to grow domestic social innovation, train a generation of social entrepreneurship and spur social impact investing.
2014 Bills Tackle Crowdfunding, Tax Credits, Startup Capital and More
Several bills aimed at supporting startups, advancing research and improving the workforce have been introduced with the start of the 2014 sessions. Some of the proposed legislation offers a glimpse into the investment priorities of governors and lawmakers in the wake of economic recovery. Providing innovative companies with access to startup funds is a continued theme from previous years. Some states are seeking to expand tax credits for angel investors or offer new tax credits to encourage emerging industries. Other bills focus on generating more skilled workers quickly and positioning universities to enhance regional economic competitiveness.