Surveys Find Venture Capital Financing Increased in 1996
Two recent reports indicate the amount of venture capital financing increased in 1996, although the two reports differ on the amount of financing and the most active investors. Both surveys agreed that California and Massachusetts were the lead states in attracting venture capital.
People
Krisztina Holly was named executive director of the University of Southern California's Mark and Mary Stevens Institute for Technology Entrepreneurship and Commercialization.
People in S&T
Cliff Numark has been named CEO for the San Diego Regional Technology Alliance, filling the position vacated by Joe Raguso when he became Deputy Secretary in the California Department of Trade and Commerce.
Tackling the Digital Divide. . . and S&T Worker Preparedness
The National Academy Foundation, a New York-based nonprofit organization, and President Clinton have announced the selection of 12 public high schools to pilot the Academy of Information Technology program. The program is intended to prepare predominantly at-risk high school students for careers in information technology fields. The program will provide a ninth-through-twelfth-grade curriculum with opportunities to partner with community colleges, universities, and businesses.
California Governor Names S&T Chief
California Governor Gray Davis has appointed Joseph A. Raguso as Deputy Secretary for Strategic Technology for the Trade and Commerce Agency. Mr. Raguso currently serves as President and CEO for the San Diego Regional Technology Alliance (SDRTA), a position he has held since 1997. Mr. Raguso will begin serving in his new capacity on January 31.
Two Looks at Improving Cross-Border Collaboration
Regardless of their potentially arbitrary nature, the political lines separating jurisdictions can wreak havoc on a region's ability to support innovation. Whether it's a boundary between two communities, two states or two countries, these imaginary lines define real rules of commerce (e.g. by the taxes levied, property values, etc.) as well as intangible concerns and perceptions.
The Downside of S&T Success
The Sacramento Bee recently ran a story showing there is a downside for California being home of the Silicon Valley phenomenon: 20 percent of the 6,600 computer and telecommunications positions within the California state government are vacant. Some local governments are reporting even higher vacancy rates.
S&T Programs Funded through Tobacco Settlements
Earlier this year, Michigan initiated plans to spend $1 billion over the next 20 years for life sciences research, development, and commercialization. With this commitment, Michigan became the first state to use its tobacco settlement funds to bolster technology-based economic development programs.
Other states and localities are considering using their share of the tobacco settlement funds for science and technology programs as well.
ATP National Meeting To Be Held In San Jose
The 1999 Advanced Technology Program National Meeting, Nov. 15-17 in San Jose, Calif., will feature more than 30 workshops for industry, academic and government researchers to discuss current ATP work in
high-risk, high-potential technologies and future R&D opportunities. The meeting also will feature general information presentations on ATP and a showcase exhibit of a broad array of successful ATP-sponsored
People
Matt Kramer stepped down from the Minnesota Department of Employment and Economic Development (DEED) to become vice president of sales and marketing with a Plymouth health care provider. Kramer served three years with DEED.
McKnight Foundation Offers Funding for Neuroscience Research
The McKnight Foundation has committed $44.5 million over ten years to support scientific research in neuroscience/memory and brain disorders.
Useful Stats II: Top High Tech Metros Identified
Forbes magazine, in conjunction with the Milken Institute, released on Monday its second annual "Best Places for Business and Careers" - a ranking of the top 200 metropolitan areas in the United States. The Forbes-Milken Institute list looks at two critical factors to determine which metro areas are the most dynamic: jobs and earnings, and high-technology growth and output.
S&T Career Opportunities
Minnesota Technology, Inc. seeks candidates to fill the position of Technology Transfer Specialist. The incumbent will help bring Federal Technology Transfer activities to Minnesota companies by developing partnerships with federal labs, identifying opportunities for tech transfer activities in Minnesota companies, and assisting companies with the development of proposals, agreements and licenses.
Guide Available of Best Practices in Technology Innovation Centers
Technology Innovation Centers (TICs), defined broadly to include incubators, business support programs and web services, direct providers, and facilitators/gatekeepers, can be successful instruments for technology-based economic development if done properly, according to the San Diego Regional Technology Alliance's recent report Technology Innovation Centers: A Guide to Principles and Best Practices.
$15 Million Research Fund Proposed in Minnesota
Legislation to be reconciled by a conference committee of the Minnesota State Legislature next week includes language creating a $15 million fund to support industry-university research collaborations. The North Star Research Coalition, a non-profit, tax-exempt corporation, would be established by the Board of Regents of the University of Minnesota to administer the one-time appropriation.
larta Assesses Southern California Bioscience Industry
Despite many indications that show strong potential for growth, Southern California's bioscience industry still faces challenges, according to a new report from the Los Angeles Regional Technology Alliance (larta). Released July 19, Heart of Gold: The Bioscience Industry in Southern California highlights the strengths of the region's industry and honestly assesses the ways that the industry can overcome its weaknesses. The report was created to present a full
$40 Million Biotech Commercialization Fund Seeded in Minnesota
One of the few new spending bills to make it through the 2001 session of the Minnesota Legislature provides $10 million in seed money for technology commercialization through a new Biomedical Innovation and Commercialization Initiative (BICI – pronounced beach-ee). The BICI appropriation is contingent upon state economic development officials securing a three-to-one private sector match.
Conference Sponsor Profile: Minnesota Technology, Inc.
Since its founding in 1991, the nonprofit Minnesota Technology Inc. (MTI) has been Minnesota lead technology-based economic development organization. Its mission, to help existing small and medium-sized companies apply, develop and commercialize technology, is achieved through three objectives:
Positioning for the Nano Future: California's $350 Million Investment
While technological advancements occur every day, truly revolutionary technologies over the past three hundred years — those that promise so many diverse applications that they result in disruption and restructuring of several different industries — can be counted on one hand. The field of nanotechnology, with major implications for nearly every industrial sector, appears to be one of those once-in-a-lifetime breakthroughs.
Digital Divide News
TOP Reauthorized and To Grow, Says Senate Commerce Committee
People
Jacques Koppel, president of Minnesota Technology, Inc. since 1991, announced his resignation on July 28. Under Mr. Koppel's leadership, MTI worked with more than 5,600 manufacturing and technology companies around Minnesota, helping the state's economy realize gains of more than $700 million in the process.
People
Joint Venture: Silicon Valley has named Russell Hancock as its new president and CEO.
Programs with Results: California's Matching Grants Yielding Big Results
Note: With this issue, the SSTI Weekly Digest is launching a new occasional "Programs with Results" series — articles profiling a variety of technology-based economic development programs that have been around many years and are yielding positive results. Our goal is to help answer the question "What Appears to Work?" with models that potentially could be duplicated in other states, regions or communities.
MTI Seeks Tech Transfer Specialist
Minnesota Technology, Inc. (MTI), the state's leading tech-based economic development corporation, currently is searching for a dynamic individual with top-notch skills to help bring federal technology transfer activities to Minnesota companies.