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Type

  • weekly_digest (293)
Displaying 151 - 175 of 293
Authored on

Useful Stats: Share of U.S. Venture Capital Investment by State, 2009-2014

Thursday, February 26, 2015

California-based companies received about 56 percent of all U.S. venture capital dollars in 2014, the state's highest share of venture activity since the dot com boom of the early 2000s. Over the past 15 years, investment activity has steadily become more concentrated in California and a few other states. In 2009, about 67 percent of all deals and 74 percent of venture capital dollars flowed to the top five states. By 2014, those states' share of venture dollars grew to 80 percent, according to NVCA/Pricewaterhouse Coopers data.

  • Read more about Useful Stats: Share of U.S. Venture Capital Investment by State, 2009-2014

AR, NY Legislatures Approve Economic Development Spending

Thursday, April 2, 2015

Over the past few months, SSTI has followed proposals issued by governors in their budget requests, State of the State Addresses, Inaugural Speeches and other events. Now that many state legislatures have begun approving budgets, the Digest will check on the status of these proposals, and examine the state of technology-based economic development funding in the states. This week, we review actions in Arkansas, Mississippi and New York.

  • Read more about AR, NY Legislatures Approve Economic Development Spending

DOD Awards $110M Integrated Photonics Manufacturing Institute to New York

Thursday, July 30, 2015

Vice President Joe Biden announced that the Research Foundation for the State University of New York will receive a $110 million federal grant from the U.S. Air Force Research Laboratory to lead the American Institute for Manufacturing Integrated Photonics (AIM-Photonics). The Department of Defense-funded grant will be supplemented by a $250 million investment from the state of New York with additional funding commitments from public and private partners expected to exceed $245 million over the next five years.

  • Read more about DOD Awards $110M Integrated Photonics Manufacturing Institute to New York

New York Ventures to Oversee State’s Innovation Investment Funds

Thursday, August 6, 2015

This week marked the launch of New York Ventures, an Empire State Development program dedicated to encouraging innovation and fueling economic growth in communities across New York. The program is derived of three separate funds: the $100 million New York State Innovation Venture Capital Fund; the $45 million Innovative NY Fund; and, the $2 million Minority- and Women-Owned Business Investment Fund. As part of the New York Ventures launch, Empire State Development also announced the NYS Innovation Venture Capital Fund’s close on financing for two New York-based tech companies.

  • Read more about New York Ventures to Oversee State’s Innovation Investment Funds

NY, IN Pursue Regional Strategies to Fuel High-Tech Economy

Thursday, December 18, 2014

New York Gov. Andrew Cuomo recently announced the fourth round of regional economic development grants to support tailored approaches to job creation in different areas of the state. The $709.2 million in awards are part of the state’s ongoing Regional Economic Development Council (REDC) initiative begun in 2011. Regional strategies have long been a key component of state development policy, enabling policymakers to encourage institutional partnerships with a focus on the specific needs of local economies.

  • Read more about NY, IN Pursue Regional Strategies to Fuel High-Tech Economy

NY Launches $50M Innovation Venture Capital Fund

Thursday, December 18, 2014

Last week, New York Gov. Andrew Cuomo launched the New York State Innovation Venture Capital Fund (NYSIVC or The Fund), a $50 million fund that is expected to leverage at least $100 million in private capital to support early stage companies in high growth areas such as advanced materials, clean technology, life sciences/biotechnology, and information technology.

  • Read more about NY Launches $50M Innovation Venture Capital Fund

TBED People and Organizations

Wednesday, May 6, 2009

W. Steven Burke is the new president of Biofuels Center of North Carolina.

  • Read more about TBED People and Organizations

Western States Scale Back on 2010 TBED Investments

Wednesday, May 20, 2009

Lawmakers across several western states have reached budget agreements for the upcoming fiscal year or biennium allocating decreased or level funding for tech-based economic development efforts. Lawmakers also passed new legislation supporting job-creation efforts and investments in alternative energy. While funding for many of these programs appear secure in FY10, additional spending cuts are anticipated in the coming months if state revenues continue to decline.

  • Read more about Western States Scale Back on 2010 TBED Investments

TBED People and Organizations

Wednesday, July 1, 2009

The Piedmont Triad Research Park laid off Bill Dean, director of the park, and Nancy Johnson, marketing director. Park officials said that the park's project manager and executive assistant also were laid off.

  • Read more about TBED People and Organizations

Summer Camps and Tech Challenges Prepare Next Generation Scientists, Engineers

Wednesday, July 15, 2009

The lazy days of summer may be the most challenging time to keep students and teachers motivated and engaged in academics. Fortunately, several programs across the country have risen to the challenge. And, with the Obama Administration's pledge to make math and science education a national priority, now may be an opportune time for collaboration among federal and state agencies, private foundations, and industry to reverse the U.S. decline in science, technology, engineering, and mathematics (STEM) fields.

  • Read more about Summer Camps and Tech Challenges Prepare Next Generation Scientists, Engineers

Recent Research: Does the Clustering of Venture Capital Centers Make Sense?

Wednesday, July 15, 2009

Three metropolitan areas dominate the U.S. venture capital landscape: San Francisco, Boston and New York. These cities are home to about half of all U.S. venture firms and about half of all U.S. venture-backed companies. Though venture firms have sprung up around the country over the past 25 years, the three cities have maintained, and even expanded, their share of national firms and investment.

  • Read more about Recent Research: Does the Clustering of Venture Capital Centers Make Sense?

New York City Gains $3 Million Tax Credit for Biotech Firms

Wednesday, July 29, 2009

The New York State legislature passed an act enabling New York City to move forward with a $3 million biotech tax credit that is expected to encourage biotechnology firms to bring their jobs, innovation, and emerging technologies to the city. The bill (S.4845-B/A.8131) is expected to be signed into law by Gov. David Paterson.

  • Read more about New York City Gains $3 Million Tax Credit for Biotech Firms

TBED People

Wednesday, December 14, 2011

The Idaho Department of Commerce has named Gynii Gilliam as its new chief economic development officer. Gilliam brings more than 20 years of experience to the position. Most recently, she served as executive director of Bannock Development Corporation.

David Kerr, director of the Missouri Department of Economic Development, will step down from the position Dec. 31.

  • Read more about TBED People

Incubator RoundUp

Wednesday, December 21, 2011

Finding new and creative ways for high-tech companies to succeed is an important component in business incubation. A recent study examining best practices for supporting new company formation finds it is the synergy among multiple practices, policies and services that produces optimal outcomes. At the same time, collecting standardized measures, reporting on progress annually, conducting external independent evaluations, tracking programs, and continuing to enhance practices are singled out as important policy implications.

  • Read more about Incubator RoundUp

Tech Talkin' Govs: Part I

Wednesday, January 11, 2012

SSTI's Tech Talkin' Govs series has returned for its 12th annual edition. The series highlights new and expanded TBED proposals from governors' State of the State, Budget and Inaugural addresses across the nation. The first installment includes excerpts from speeches delivered in Georgia, Iowa, New York, Kentucky, South Dakota, Vermont, and Virginia. Georgia Gov. Nathan Deal, State of the State Address, Jan. 10, 2012 "... I want to announce two ambitious goals.

  • Read more about Tech Talkin' Govs: Part I

ID Gov Announces $5M Industry-University Research Partnership

Wednesday, January 11, 2012

Gov. Butch Otter unveiled plans for a targeted partnership among industry, higher education and government that invests in R&D to produce new technologies — and ultimately — jobs. The governor is asking lawmakers to approve $5 million for startup costs in the FY13 budget. Legislation to be introduced later this session will provide a plan for reorganizing the Idaho Innovation Council and implementing the initiative — called IGEM for Idaho Global Entrepreneurship Mission.

  • Read more about ID Gov Announces $5M Industry-University Research Partnership

Governors in KS and NY Outline TBED Proposals

Wednesday, February 1, 2012
Governors in Kansas and New York unveiled budget proposals for FY13 that would maintain funding for economic development proposals initiated last session. In Kansas, Gov. Sam Brownback proposed funding for a new Creative Industries Commission, while New York Gov. Andrew Cuomo proposed a new round of $200 million in competitive grant funding for the state's regional economic development councils.
  • Read more about Governors in KS and NY Outline TBED Proposals

Voters Reject Tax Increases, Back Bonds for Higher Ed

Wednesday, October 24, 2012

While election night's main focus was on the presidential race, the importance of ballot measures for states and metros is growing as public services and budgets are being severely trimmed. A recent article in The New Republic reports on a new trend where states are embracing ballot measures as a potential source of dedicated funds for targeted investments in regional economic growth and development.

  • Read more about Voters Reject Tax Increases, Back Bonds for Higher Ed

Tech Agenda, Billion Dollar Green Bank Top NY Gov's Economic Growth Plan

Wednesday, January 9, 2013

Innovation was a key term used in Gov. Andrew Cuomo's State of the State address and is referenced heavily throughout his economic development agenda for the upcoming year. The governor proposed creating innovation hot spots, an innovation network and innovation venture capital fund. Efforts would be focused on accelerating technology transfer and providing funds to attract startup companies. Cleantech investments and support for competitive university-based projects that emphasize economic impact also are a priority for the governor.

  • Read more about Tech Agenda, Billion Dollar Green Bank Top NY Gov's Economic Growth Plan

New York Commits $15M to Establish Clean Energy Proof-of-Concept Centers

Wednesday, January 9, 2013

The New York State Energy Research and Development Authority (NYSERDA) announced that it will commit a total of $15 million to Columbia University, the Polytechnic Institute of New York University (NYU-Poly) and High Tech Rochester to create three proof-of-concept centers focused on turning university-developed, clean energy ideas into successful businesses. Each regional center will receive $5 million in seed money over the next five years, cost-sharing required, with the expectation of being self-sustaining once NYSERDA funding ends.

  • Read more about New York Commits $15M to Establish Clean Energy Proof-of-Concept Centers

New York Launches $25 Million Grant Program to Spur Broadband Development

Wednesday, August 29, 2012

New York Governor Andrew Cuomo announced that the state has started accepting applications for the $25 million "Connect NY" program to promote and expand broadband Internet access. The grants will be awarded to public-private partnerships comprised of internet service providers, local governments and economic-development organizations.

  • Read more about New York Launches $25 Million Grant Program to Spur Broadband Development

States, Universities Seek Support for Research Infrastructure

Wednesday, September 26, 2012

Whether to attract federal grants, keep up with demand to graduate more highly skilled students, or advance the capabilities for research and exploration, universities are pushing for state funding to invest in science buildings and other infrastructure needed to expand research capacity and improve competitiveness. In New Jersey, a measure to approve $750 million in higher education borrowing to build and renovate campus facilities will go to the voters in November.

  • Read more about States, Universities Seek Support for Research Infrastructure

$20M Awarded to 10 Public-Private Regional Partnerships Geared towards Advanced Manufacturing Initiatives

Wednesday, October 10, 2012

The Obama administration announced winners of the Advanced Manufacturing Jobs and Innovation Accelerator Challenge on Tuesday. The challenge — publicized earlier this year — is one of the key initiatives of the interagency Taskforce for the Advancement of Regional Innovation Clusters and is sponsored by a partnership between the U.S. Department of Commerce, the National Institute of Standards and Technology, the Departments of Energy and Labor, and the Small Business Administration.

  • Read more about $20M Awarded to 10 Public-Private Regional Partnerships Geared towards Advanced Manufacturing Initiatives

University-Industry Research Partnership Wins Approval in Idaho

Wednesday, March 14, 2012

With overwhelming support from the Idaho legislature, Gov. Butch Otter signed into law HB 546, a measure to establish the Idaho Global Entrepreneurial Mission (IGEM), an industry-university research partnership to facilitate and accelerate tech transfer. The governor proposed $5 million for the initiative within the FY13 Higher Education and Commerce budgets, which are pending approval in the legislature.

  • Read more about University-Industry Research Partnership Wins Approval in Idaho

National Broadband Adoption Stagnant, TechNet Finds

Wednesday, March 21, 2012

A new report from TechNet finds that on the two-year anniversary of the National Broadband Plan aimed at getting more Americans to use broadband at home, the adoption rate remains about the same. The study identifies several reasons behind the plateau and calls for better coordination among policymakers and private stakeholders to improve adoption rates. Meanwhile, some states have big plans in the works to improve their broadband networks, including governors in Hawaii and New York pushing for funding to expand Internet access to underserved areas.

  • Read more about National Broadband Adoption Stagnant, TechNet Finds

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