Incubator RoundUp: Growing and Sustaining High Technology Companies
Offering customized workspace such as wet laboratories and specialized research equipment is one of the many benefits provided by technology-focused incubators. Access to university research, business mentoring and administrative support services often accompany the reduced rent facilities with the goal of growing technology companies into successful, self-sustaining enterprises. Following are select announcements of recently launched incubators and partnerships from across the nation.
Iowa Venture Capital Tax Credit Not Extended to Next Fiscal Year
An initiative in Iowa to disperse tax credits worth 20 percent of equity investments into pre-qualified businesses or seed capital funds has reached its $10 million cap and will not be continued in the next fiscal year. The Iowa Venture Capital Credit – Qualified Business or Seed Capital Fund was started in 2002 with a cap of $10 million, and as monitored by the Iowa Department of Revenue, all credits have been issued.
People & TBED Organizations
The Illinois Technology Development Alliance (ITDA) this week promoted John Noel to become ITDA's permanent president. Noel had been serving as interim president over the past 15 months.
TBED People
- Tony Armstrong, Indiana University executive director for engagement, has been chosen as the Indiana University Research and Technology Corporations new president and CEO.
- Jeff Costantine will retire this fiscal year as president of the Nashville Technology Council. The board of directors has begun the search for a new president.
SSTI Job Corner
Complete descriptions of the position openings described below are available at http://www.ssti.org/posting.htm.
People
Mike Blouin has stepped down as director of the Iowa Department of Economic Development to become president of the Greater Dubuque Development Corp..
People
Bill Bradley is the new executive director of the Jay County Development Corp. Bradley fills the vacancy left by the late Bob Quadrozzi.
People & TBED Organizations
Charles Sparks was named business development director of the Indiana Economic Development Corporation.
People & TBED Organizations
Indiana University announced that William Stephan will be the university's new vice president of engagement, a newly created position that becomes effective in September.
Iowa Group Offers Health Care to Self-employed Entrepreneurs
With the rapidly rising cost of health insurance, entrepreneurs frequently find themselves unable to pay their premium in the early stages of business ownership. Often, this means going without health insurance or abandoning plans to launch a new firm. The North Central Iowa Alliance (NCIA) has announced a new initiative to lower this barrier facing new business owners.
People & TBED Organizations
David Boncosky will become the director of Indiana Economic Development Corporation's life sciences initiative Aug. 6.
Indiana TBED Investments to Surpass $100M: 2008-09 Budget Includes New $20M Life Sciences Fund
Indiana's General Assembly adjourned for the year last week, after passing a $29 billion budget that included more than $100 million for TBED-related programs.
Iowa Approves $100M to Fund Renewable Energy Research and Adoption
The 2007 Iowa state legislative session has looked very favorably on TBED. One of the centerpieces of Iowa Gov. Chet Culver’s campaign last year was his pledge to "develop the next-generation energy ecomony in Iowa" through a $100 million state fund (see the Feb. 19, 2007 issue of the SSTI Weekly Digest). The Iowa Power Fund was approved by the state’s General Assembly late last month and closely resembles Gov. Culver’s original plan.
Community Colleges Growing Providers of TBED Programs and Services
Announced last week, Ivy Tech Community College will receive a $3.18 million grant for training individuals from a 14-county region in North Central Indiana in science, technology, engineering, and math (STEM) fields. The grant, a component of the $15 million Indiana Workforce Innovation in Regional Economic Development (WIRED) initiative funded by the U.S. Department of Labor, will establish the New Pathways to STEM-based Careers program. The New Pathways program will be concentrated into three distinct areas:
People & TBED Organizations
Martin Donnelly has been named the regional director of the South Central Indiana Small Business Development Corp. Former Region Director Brian Kleber resigned earlier this year to take a job in the private sector.
Iowa Governor Wants $50M for Advanced Manufacturing
On the heels of the release of two roadmaps calling for increased state support for advanced manufacturing and information technology (IT), Iowa Gov. Tom Vilsack announced plans to spend $50 million "to attract leading scientists to Iowa and spark new research and product development," according to the Des Moines Register.
Progress Disappointing Despite Thoughtful Initiatives in Indiana, Report Says
While Indiana has demonstrated strong competitiveness in industry and university R&D and performed well in entrepreneurial programs, the state lags most of its regional competitors and many of the 50 states in terms of production of new innovation workers and educational attainment, says a new report from Techpoint and the Indiana Chamber of Commerce.
People
Bruce Kidd is the first director of entrepreneurship for the Indiana Economic Development Corp.
People
David Goodrich announced he will leave his position as CEO of the Central Indiana Corporate Partnership at the end of the year.
SSTI Job Corner
The two position opportunities described below were recently posted on the SSTI Job Corner. More information, including complete details on responsibilities, qualifications and application deadlines (when available), is available at http://www.ssti.org/posting.htm.
SSTI Job Corner
Complete descriptions of the position openings described below are available at http://www.ssti.org/posting.htm.
Indiana Governor Proposes Higher Ed Initiatives to Stem 'Brain Drain'
State lottery would be leased to private company to finance fund, scholarships
Two initiatives recently proposed by Gov. Mitch Daniels would keep graduating college students in-state and lure world-class researchers to Indiana's public universities. However, a lottery lease plan that would, in part, finance the initiatives may be more the center of attention with Indiana legislators.
People
The 82nd Annual Congress of Cities in Charlotte, N.C., elected Jim Hunt, a councilmember of Clarksburg, W.Va., as the new president of the National League of Cities. Hunt follows Washington, D.C., Mayor Anthony A. Williams.
People
Indiana Gov. Mitch Daniels named Mitch Maurer, president of the Indiana Economic Development Corporation (IEDC), as the new state secretary of commerce. Maurer replaces Pat Miller, who stepped down to resume her role as president and CEO of her company, Vera Bradley Designs, Inc.
People
The Indiana Health Industry Forum announced James "Mike" Brooks accepted the position of president and CEO effective July 11.