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.
SSTI Closed October 9
SSTI will be closed October 9 for observation of Columbus Day. We will reopen Tuesday, October 10.
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.
People
SSTI wishes Shannon Burnett good luck as she leaves our team to take a position with the Ohio Air Quality Board.
SSTI Weekly Digest Turns 400
There are less than 100 of our readers - now approaching a total of 100,000 - that may be able to look into their electronic mailboxes and even eight-year-old paper files to see that this issue of the SSTI Weekly Digest is our 400th. What began in March 1996 as a two-page weekly fax to key science and technology leaders in most states has evolved into the one of the most widely read e-news sources for the tech-based economic development community in the U.S.
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).
Ohio Injects Another $100M into Third Frontier Programs for FY05
Includes $24M for Biomedical Research, $50M for Wright Centers
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.
California to Vote on $3B Stem Cell Initiative
California voters will be at the forefront of a highly controversial issue this November when they are asked to decide on a $3 billion bond issue to fund stem cell research.
Milken Ranks Regional Biotech, Life Science Clusters
Only a handful of metropolitan areas have the critical mass necessary to ensure sustainability of their local biotech communities, according to America’s Biotech and Life Science Clusters, a new study from the Milken Institute. At the top of the list is San Diego, followed closely by Boston and the Raleigh-Durham-Chapel Hill metro area. Only another nine are in the running, the report contends.
Fresno Must Transform into a Creative Economy or Get Left Behind, Report Says
To survive economically in an innovation-based economy, Fresno needs to foster the creativity of its people and attract others into the population, says a recent report from the Fresno Creative Economy Council. While encouraging creativity to spur innovation and economic growth has captured the attention of cities and regions across the continent, how to accomplish that goal is less clear for many.
People
Baiju Shah is the new president of the Cleveland's BioEnterprise Corp., succeeding Matt Jennings.
Useful Stats: More SBIR Award Data
Defense 2003 SBIR Phase II Awards
The Department of Defense (DoD) distributed $766.9 million in awards under fiscal year 2003 Phase II Small Business Innovation Research (SBIR) Program competition. A total of 1,080 awards averaging more than $710,000 were made.
People
Paul Hiller, formerly managing director of the economic development arm of the Irvine Chamber of Commerce, is the new president and chief executive officer for the Inland Empire Economic Partnership.
California Big on Hydrogen; State Captures $50M of DOE Fuel Cell Funding
He may be more traditionally associated with gas-guzzling Humvees than anything remotely environmental, but Gov. Arnold Schwarznegger has become a big believer in alternative energy vehicles. The governor's recent call for creating a "Hydrogen Highway" by 2010 is, perhaps, the country's boldest commitment to getting hydrogen fuel cell vehicles on America's roadways anytime soon.
People
Marye Ann Fox, chancellor of North Carolina State University, is moving on to become chancellor of the University of California, San Diego.
Digest Makes Change
For just over eight years, the SSTI Weekly Digest has come to you every Friday...first it was by fax, then by e-mail. Starting with this issue, the Digest makes a change and will be distributed each Monday. We believe this change will help you get your week started right...and will give the SSTI staff something to do on the weekend.
People
SSTI welcomes Rhiannon Mehring to its staff as a research associate.
People
The Wright Center for Innovation for Advanced Data Management and Analysis named Charles Walsh as its first president.
People
Jesse Jones is the new CEO of Ohio's IT Alliance. Jones formerly was chief technology officer of the City of Columbus.
NSF, NIH Commit Combined $213M toward Nanotech
While the National Institutes of Health (NIH) and the National Science Foundation (NSF) have voiced caution and funded efforts to understand the potential societal and environmental implications of nanotechnology deployment, both agencies announced much larger funding commitments - totaling $213 million - to expedite commercial applications for the explosive field.
Nanotech Solutions for Cancer
Report Finds Info Tech Lost 403,000 Jobs Since Bubble Burst
More than half since recession "officially" ended
There is little comforting news in a new statistical report for workers in the U.S. information and communication technologies (ICT) sector. Researchers from the University of Illinois-Chicago found the sector lost 403,300 jobs between March 2001 and April 2004.
NIH Awards $20M for Studies in Ethical, Legal and Social Aspects of Genomics
As part of a new initiative to address pressing ethical, legal and social questions raised by recent advances in genetic and genomic research, the National Human Genome Research Institute (NHGRI) has awarded approximately $20 million in grants to fund interdisciplinary centers within universities around the country over the next five years. NHGRI is one of the National Institutes of Health (NIH).