People
John Austin is the newly appointed executive director of the New Economy Initiative for Southeast Michigan.
Tom Cech announced he will return to the University of Colorado at Boulder next year to pursue laboratory research and teaching after eight years as president of the Howard Hughes Medical Institute.
Looking at State Equity Intensity Changes Leader Board
SSTI’s VC Dashboard Value Enlarged with Addition of Per Capita Data
BP Awards $500M for Biofuel Research
Energy giant BP has announced that the University of California at Berkeley, in partnership with the University of Illinois Urbana-Champaign (UIUC) and Lawrence Berkeley National Laboratory, will receive a total of $500 million to host a research center dedicated to developing biofuel technologies. The Energy Biosciences Institute (EBI) will conduct both basic and applied biological research relevant to energy. BP and the university plan to launch research programs this summer.
SSTI Job Corner
Complete descriptions of the position openings described below are available at http://www.ssti.org/posting.htm.
Expanded Funds for TBED in North Carolina FY 2008-09 Budget Adjustment
Operating with a $152 million surplus for the current fiscal year, Gov. Mike Easley unveiled his recommended budget adjustments for FY 2008-09 earlier this week, providing additional funding for university projects and expanding TBED initiatives. North Carolina is one of a shrinking number of states to still project black ink for its next fiscal year.
Two Reports Highlight Opportunities for State Broadband Policies
Although the U.S. broadband infrastructure has expanded rapidly over the past decade, 45 percent of rural areas still lack access to high-speed Internet services. A recent issue brief from the National Governors Association (NGA) Center for Best Practices provides a number of strategies that have proven effective in expanding broadband access, particularly in underserved rural areas.
People & TBED Organizations
The U.S. Department of Commerce's Economic Development Administration (EDA) recently announced Ben Franklin Technology Partners (BFTP) as the winner of the "Excellence in Technology-led Economic Development" award, as part of EDA's Excellence in Economic Development Awards 2008. BFTP, created in 1983, has regional offices in Lehigh Valley, Philadelphia, Pittsburgh and State College.
People & TBED Organizations
The Aerospace, Manufacturing and Information Technology (AMIT) Cluster of Southern Arizona has consolidated its operations with the Arizona Technology Council.
Useful Stats: 2006 Industrial R&D Intensity per State
According to National Science Foundation (NSF) data released two weeks ago, companies spent in aggregate $247.7 billion on R&D expenditures performed in the U.S. in 2006. Leading the nation was California, with $58.4 billion in industrial R&D, followed by Michigan ($16.5 billion), Massachusetts ($15.6 billion), New Jersey ($14.6 billion), and Texas ($13.3 billion).
California Angel Fund Steps in to Bridge Cleantech Funding Gap
Even in the venture capital-rich state of California during a boom period for clean energy investment, some clean energy entrepreneurs still have a hard time finding the capital resources they desire. As a result, one non-profit venture capital group, with a unique history of its own, is launching a new effort to support early-stage businesses. The California Clean Energy Fund (CalCEF) is currently helping to raise a $20 million angel fund to bridge a perceived gap in seed and start-up stage capital availability.
Incubator RoundUp: Encouraging Entrepreneurship and Supporting Tech Commercialization
Technology-focused incubators are an important component to fostering entrepreneurial development in a region by nurturing businesses in the earliest stages of development and helping them grow into larger companies that employ high-wage workers and bring new technologies to the market. The following select announcements provide an overview of new incubators from across the nation, illustrating the vital role of entrepreneurial development in growing high-tech regional economies.
Tech Talkin’ Govs, Part I
SSTI’s eighth annual Tech Talkin’ Govs series highlights new and expanded TBED proposals from governors’ state-of-the-state, budget and inaugural addresses. With mounting budget deficits spanning the nation, this year’s anticipated overarching theme is proposals aimed at mending states’ finances with less focus on the introduction of new initiatives. The first installment of the series includes excerpts from California and New York.
California
People
Peter Hermann was selected as the N.C. Technology Association's new CEO. Hermann replaces Joan Myers, who took a position with a software company.
Mixed Results for TBED in State Budget Proposals
Coinciding with a plethora of state-of-the-state addresses delivered over the past week, several governors have released budget recommendations for the upcoming fiscal year. The following states’ budgets include crucial TBED investments and reductions in programs.
California
Local Capital Programs Help Address Regional Gaps
Although the national venture capital investment continues to expand, many parts of the country still lack access to reliable sources of business capital. Even in states that rank in the top tier for venture investment, there are often insufficient capital resources to support businesses at every stage of development.
People & TBED Organizations
E. Norris Tolson is officially the president and CEO of the North Carolina Biotechnology Center, having served as interim CEO since January.
North Carolina Lawmakers Fund Major Research, Education, TBED Initiatives
After running on a month-long stopgap budget, North Carolina lawmakers reached a $20.7 billion budget agreement for fiscal year 2007-08 earlier this week that includes funding for major research initiatives, public and higher education, and TBED-related items.
People & TBED Organizations
Tom Clarkson is the new chief executive officer of Wake Forest University's Babcock Demon incubator. Clarkson replaces Paul Briggs, who retired.
People & TBED Organizations
Joan Myers resigned as president and chief executive of the North Carolina Technology Association to join the global public policy division at a local software company. Myers' resignation is effective Aug. 21.
People & TBED Organizations
Christopher Hansen will succeed William Archey as AeA's next president and CEO. Hansen will start on Nov. 15, overlapping with Archey until February 2008 to ensure a smooth transition.
People & TBED Organizations
Dr. Daryush Ila was chosen to serve as executive director of the Alabama EPSCoR Steering Committee. Ila heads the Alabama A&M University Research Institute.
People & TBED Organizations
The Idaho communities of Greenleaf, Homedale, Grand View, Marsing, Melba, Parma and Wilder have formed the Western Alliance for Economic Development.
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).
People
Christopher Price is the executive director for the Piedmont Triad Research Park and senior vice president, Wake Forest University Health Sciences.
Sacramento Region to Focus on Growing Clean Energy
A concentrated effort to support the Sacramento region's many green tech entrepreneurs could lead to Silicon Valley-style success in clean energy technology (CET), says a new report from the McClellan Technology Incubator and the Sacramento Area Regional Technology Alliance (SARTA).