Recent Research: Will Operating Costs Drive Future Biotech Location Decisions?
There are several factors that go into location decisions for biomedical firms. Proximity to strong university research capacity, other biotech businesses, and technically competent workers are all important considerations. With the financial investments many states and localities are making toward the life sciences, however, the field of prospective locations for successfully launching a biotech firm has grown considerably larger than the "usual suspects."
TBED Organizations & People Update
The Georgia Department of Economic Development announced William Boone is the first director for the new Agricultural Center of Innovation.
Georgia's Fourth Innovation Center Focuses on Life Sciences
Gov. Sonny Perdue recently announced the creation of the state's fourth Center of Innovation. Located in Augusta, the Life Sciences Innovation Center (LSIC) will assist with business incubation and securing matching grants for applied R&D with industry partners through the Georgia Research Alliance.
New TBED Efforts to Make Ontario Leader in Innovation
To spur job creation in Ontario, the provincial government recently announced two initiatives focusing on innovation and regional economic growth -- the new Fuel Cell Innovation Program and the newly refocused Northern Ontario Heritage Fund Corporation (NOHFC).
Georgia Tech’s ATDC Incubator Reaches $1B in Venture Funding
The Advanced Technology Development Center (ATDC) within the Georgia Institute of Technology announced its affiliated companies have received more than $1 billion in venture capital funding since 1999. Amassed from 160 separate deals, the amount represents 15 percent of the total venture capital in Georgia, about one out of its every five deals in the state.
SSTI Job Corner
Complete descriptions of the position openings described below are available at http://www.ssti.org/posting.htm.
People & TBED Organizations
Canada's 17 research parks have agreed to join forces, creating a formal association.
India’s Government to Support 100 Incubators in Emerging Industries
The India Ministry of Micro, Small and Medium Enterprises announced last week a plan to provide funding to 50 universities and training institutions for the creation of up to 100 enterprise incubators within innovative fields.
People & TBED Organizations
The Georgia Department of Economic Development has promoted Carol Henderson to director of its Innovation and Technology Office.
Clusters Garner More Attention from NGA, Researchers
The National Governors Association (NGA) Center for Best Practices has selected seven states to participate in a year-long policy academy named State Strategies for Promoting Innovative Clusters and Regional Economies. Teams from the seven states – Georgia, Illinois, Iowa, Kentucky, Maryland, Oregon and West Virginia – will collaborate with staff from the NGA to create action plans for improving each state’s competitiveness and economy through cluster development.
People & TBED Organizations
Mark Allen was named the new senior vice provost for research and innovation at Georgia Tech. Allen replaces Charlie Liotta, who has returned to the school's faculty.
Bahrain Seeks to Become Research Leader with $1B Science and Technology Park
The Economic Development Board of Bahrain and Kuwait Finance House have begun planning a $1 billion (US) Science and Technology Park in Bahrain. The park will be modeled on the Sophia Antipolis Technology Park in France, which is the largest of its kind in Europe and the second-largest technology park in the world, according to the European Commission’s PAXIS innovation program. The Kuwait Finance House has appointed Philippe Mariani, former director of the French park to oversee the new project.
Georgia and Iowa Gauge Impact of Their Universities
Describing the impact of universities can be a vexing issue for both the higher education and TBED communities. Two recent reports, one by the Atlanta Regional Council for Higher Education (ARCHE) and the other by the Iowa Board of Regents, utilize different approaches to help communicate the importance of higher education institutions to a local economy.
Job Corner
ANGLE, an international venture management and consulting company with broad experience in technology development initiatives at the regional and national level, has position openings for a consultant and a senior executive. These starting-level positions would assist ANGLE's U.S. Consulting and Management operation on domestic and international projects. Both positions require someone with a Ph.D.
Higher Ed as the Basis for Economic Growth: The Georgia Story
Over the last 15 years, few states have been as focused on investing in higher education to encourage sustainable economic prosperity as Georgia. At SSTI's 9th Annual Conference on Oct. 19-21, 2005, presenters made the case that the southern state is a national leader in American higher education.
Britain to Double Support for Stem Cell Research
Britain’s Pre Budget Report 2005, released Dec. 5, calls for the United Kingdom to double spending for stem cell research to £100M within the next two years and launch a number of new initiatives to sustain innovation and science.
China Makes 15-year, $180B Commitment toward Renewable Energy
In China, leaders of the rapidly growing nation dogged by soaring energy needs and unrelenting pollution problems made a commitment to double the nation’s use of renewable energy resources within the next 15 years.
Looking Back at SSTI's 9th Annual Conference Encouraging Women Entrepreneurship
While women are making strides in entrepreneurship, they still have a ways to go, particularly in science and technology (S&T) fields. This was the theme during the session, Encouraging Women Entrepreneurship, conducted during SSTI's 9th Annual Conference on Oct. 19-21, 2005.
Looking Back at SSTI's 9th Annual Conference Sound Strategies for Encouraging Regional Entrepreneurship
Note: This is the first in a series of articles SSTI will be running over the next several weeks to provide synopses of selected breakout sessions from SSTI's 9th Annual Conference, held Oct. 19-21, 2005, in Atlanta. Ideas for 2006 conference sessions can be forwarded to skinner@ssti.org.
Looking Back at SSTI's 9th Annual Conference Alternative Energy and TBED: A Powerful Opportunity
In another wing of the InterContinental Buckhead Atlanta, site of SSTI's 2005 conference, participants shared what their states and regions are doing in the area of encouraging the development and deployment of alternative energy.
Ontario’s RIN Dares Venture Where More TBED Must
By creating Ontario’s Regional Innovation Networks (ORIN) three years ago, the provincial government experimented with how to establish customized systems-specific, but network-integrated approaches to strengthening and supporting regional innovation.
Canadian Government Provides $163M for New Centres of Excellence
Earlier this month, the Canadian Minister of Industry announced the establishment of 11 new Centres of Excellence for Commercialization and Research (CECRs) to pursue multidisciplinary work in the areas of environmental science, natural resources and energy, health and life sciences, and information and communication technologies. This $163 million investment joins a $105 million investment last year that created seven other CECRs across Canada.
EU Creates Entrepreneurship Assistance Network of 600 Organizations, Offices
Transforming as many small and medium-sized enterprises (SMEs) as possible into globally competitive firms is a challenge, as most TBED practitioners know. The complexity of combining all of Europe into a single market makes the work even more daunting.
To simplify the process for SMEs in more than 40 countries, the European Commission recently launched a consolidated Enterprise Europe Network. The network consolidates the older Euro Info Centres and the Innovation Relay Centres.
Chinese Venture Capital Investment Grows in 2007, But Not in High-Tech Industries
Venture capitalists invested almost $2.5 billion in China in 2007, according to a new report from Dow Jones VentureSource. That figure is a 5 percent increase over the 2006, and the highest since 2001, despite a decrease in the number of deals. Though investment is not growing quite as quickly as it is in the U.S., where venture investment rose by 8 percent last year, China is becoming a key global market for venture investment.
Research Park RoundUp
The following overview is a synopsis of selected recent announcements from research parks across the nation, including new tenants, groundbreakings and tools for financing start-up companies.