Pennsylvania Budget Includes $208 Million for Tech-based ED, Research
Pennsylvania has been a leader in tech-based economic development for more than two decades. With more than $208 million for tech-based economic development initiatives, the 2001-02 Budget Request submitted by Governor Tom Ridge this week shows why the state remains at the forefront of the field.
Erie Receives $30 Million for ED Center
An increasingly recognized and critical component of building a tech-based economy is the integration of university or college research and training capabilities into the local economic development strategy. While considerable attention is paid to the regional impact of large research institutions, not every community is home to an MIT, University of Texas, or Stanford.
Greater Philadelphia: A Challenge to Compete in the New Economy
Continuing to rest on past academic excellence and research achievement would be costly to Greater Philadelphia, according to a new report prepared by the Pennsylvania Economy League. The region's "knowledge industry" must compete with other regions and states to succeed in the New Economy.
Recent Reports & Studies: Bayer Survey Shows Strong Public Support for S&T
Americans say they take pride in our nation's leadership role in science and technology and believe the U.S. needs to continue investing in scientific research and development (R&D) in order to remain at the forefront of discovery and innovation, according to a Gallup survey conducted on behalf of the Bayer Corporation in partnership with the National Science Foundation.
NSF Awards $45 Million to Pittsburgh Supercomputing Center
The next U.S. supercomputing system operating at speeds well beyond a trillion calculations per second will reside at the Pittsburgh Supercomputing Center (PSC) through an expected $45-million award from the National Science Foundation (NSF). Last week, the National Science Board (NSB), NSF's governing body, authorized the three-year award following a national competition.
SSTI Conference Agenda Set!
Reservations for Beyond the Hype: Tools for Building Tech-based Economies and limited-seating, pre-conference workshops started coming in only hours after we posted the date (October 3-4), price (extremely reasonable) and location (Chicago) on our web site. We’re glad to see so many of you are as excited about this year’s conference as we are.
People
John Dougherty resigned his position with the Illinois Coalition to accept a job in the private sector.
$16.5M PROPOSED FOR ILLINOIS S&T PROGRAMS
In his first budget address, Illinois Governor George Ryan outlined a series of initiatives which would catapult Illinois into the top tier of states for technology-based economic development spending. Coupled with the $3-million-plus technology initiative announced earlier this year by Chicago Mayor Richard Daley, Illinois S&T investments could grow to $20 million annually, a threshold only six other states have crossed and maintained: Georgia, New York, North Carolina, Ohio, Pennsylvania, and Texas.
PENNSYLVANIA GOVERNOR PUSHES TECHNOLOGY INITIATIVES, TAX CUTS
In the state that created the Ben Franklin Centers in the early 1980s - models for several states’ first forays into S&T - Governor Tom Ridge has proposed a wide range of new initiatives to promote R&D investment, technology development, and commercialization within Pennsylvania.
PRESIDENT’S BUDGET DRAWS MIXED REVIEWS FROM CONGRESS
Senators Bill Frist (R-TN) and Joe Lieberman (D-CT), Co-chairs of the Science & Technology Caucus, issued a joint statement reacting to the Clinton Administration’s FY 2000 budget request for R&D. Calling the President’s request a "mixed blessing," the senators praised the commitment to civilian R&D, while disagreeing with proposed cuts for defense research of nearly six percent.
CHICAGO UNVEILS TECHNOLOGY INITIATIVES
On Monday, Chicago Mayor Richard Daley announced a series of initiatives to promote technology development for the city, including an information technology incubator, formation of a Mayor’s Council of Technology Advisors, and a Civic Network to support capacity needs for Internet commerce by Chicago businesses.
CII SEEKS DIRECTOR OF RENEWABLE ENERGY INVESTMENT FUND
Connecticut Innovations, Inc. (CII) is seeking a manager for its Renewable Energy Investment Fund. Responsibilities of the position include providing strategic planning and program direction for the Renewable Energy Investment Fund program. The full position description can be found on the SSTI website at http://www.ssti.org/posting.htm
CALENDAR OF EVENTS
November 17, 1998
The National Association of Seed Venture Funds is sponsoring a seminar entitled "Seed Investing as a Team Sport" to be held in Des Moines. The purpose of the seminar is to expand the attendees' understanding of business investing, help locate a team of like-minded investors in the region, and provide new tools to help optimize investment dollars. For more information, visit NASVF's website at http://www.nasvf.org
Life Sciences Wins Big in PA Tobacco Settlement Plan
After nearly two years of discussion between the state legislature and the Governor’s office, Pennsylvania has enacted a plan for its $11 billion share of the national tobacco settlement. The final plan includes $160 million in one-time outlays for research and commercialization of life science technologies and a formula ensuring research gets nearly one-fifth of the total money received over the 25-year span of the settlement agreement.
Highlights include:
People
Mark Lang, CEO of the Ben Franklin Technology Partners of Northeastern Pennsylvania for the past 14 years, has announced his resignation.
'The Better World Project' Examines the Impact of Technology Transfer
While it is safe to say that new medicines, electronics, educational tools and other inventions have improved the lives of countless people, a new project by the Association of University Technology Managers (AUTM) describes more than 100 such breakthroughs that probably would not exist if not for the practice of technology transfer.
Participate in State VC Survey By Mar. 15
Innovation and tech entrepreneurship take money — different amounts at different stages with different strings. As a result, increasing access to capital is an objective of many state and local technology-based economic development programs.
Pennsylvania Works Toward $90 Million Life Sciences Initiative
Governor Tom Ridge’s $90 million plan to create a series of life science research/commercialization centers would be the largest, single technology initiative ever proposed in Pennsylvania, according to a recent press release from the Governor's office. The Life Sciences Greenhouse Initiative would be a network of innovation centers in Philadelphia, Pittsburgh and Harrisburg closely connected to university research activities.
Chicago Top Host for 'Inner City 100' Businesses
With ten firms, Chicago leaders win bragging rights for being called home by the greatest number of Inc. magazine's "Inner City 100," the fastest growing urban businesses. In fact, six of the top 50 companies were from the Windy City.
Five businesses from Buffalo won inclusion in the magazine's list, earning the New York city the unofficial title as the second most popular home. Pittsburgh, Cleveland, and Oakland, CA each had four companies on the list.
SSTI’s 5th Annual Conference To be Held in Pittsburgh
Ben Franklin Technology Partners. Pittsburgh Technology Council. Industrial Resource Centers. Tech 21. Pittsburgh Digital Greenhouse.
People
After seven years of serving as the first president of the Connecticut Technology Council, Laura Kent is resigning her position at the end of June. The Council now boasts over 400 members.
People
Pennsylvania Governor Tom Ridge has promoted Tim McNulty to the new position of Deputy Chief of Staff for Technology Initiatives.
People
The e-newsletter of the National Association of Seed and Venture Funds, NASVF Net News, reports Sallie Traxler has become the Executive Director for the Council of Development Finance Agencies. Also, the e-newsletter reports Dan Loague has been promoted to the position of NASVF Executive Director.
Connecticut Releases Draft Plan for IT Workforce Development
With 26 percent more of its workforce involved in information technology (IT) than the national average and with IT-producing industries growing faster in the state than the national average, Connecticut has possibly felt the pinch of the IT worker shortage more than other parts of the country. Add to that the fact that the number of IT-related graduates from the state’s universities and community colleges declined during the late 1990s.
Recent Research: Dimensions of an Individual Global Mindset
Successful companies are forced to change business strategies as market realities shift. It happens all of the time. Browse the business section of your local bookstore and you'll see dozens of titles preaching the need for companies to adopt, adapt and innovate. The continuing restructuring of the U.S. durable manufacturing sector, as alluded to in the Useful Stats piece below, is a vivid example of the importance of abandoning old mindsets for industry: change or die.