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.
Indiana Outlines Objectives to Raise Per Capita Income by 2020
Just over a year since its creation, the Indiana Economic Development Corporation (IEDC) has released a strategic plan calling for the state to potentially increase its support for several new tech-based economic development initiatives. IEDC's Accelerating Growth: Indiana's Strategic Development Plan outlines nearly two dozen action items along three themes: innovation, talent and investment.
People & Organizations
The Purdue Center for Regional Development has appointed Ed Morrison to the position of economic policy advisor.
Indiana Pension Fund Allocates $100M to VC
With assets totalling more than $15 billion, the Indiana Public Employees Retirement Fund (PERF) has decided to place $100 million into higher-risk equity placements through its first Indiana Investment Fund. The fund will exclusively target venture capital deals within Indiana, according to the PERF news release. Like pension funds in many states, PERF has a requirement to place a certain percentage of its assets in private equity. The PERF goal is 5 percent and includes real estate deals as well.
People
Rob Jaffe, director of federal funding programs with Innovation Philadelphia, is resigning to become a senior underwriter for Institutional Lending at Commerce Bank.
People
George Burrell is the new president and CEO of Innovation Philadelphia.
People
Krista Paternostro is the new vice president of operations at the Pittsburgh Technology Council.
People
Dr. Alan Brown was named executive director of the Pennsylvania NanoMaterials Commercialization Center, a newly formed economic development initiative.
People
GSP Consulting, a full-service government and consulting firm, has added Dr. Jerry Paytas to its newly established Economic Architecture practice as director of research.
Job Corner: Griffin Analytical Technologies Seeks Proposal Coordinator
Griffin Analytical Technologies, a producer of premium chemical detection systems, is seeking a proposal coordinator to generate research proposals in response to federal and state funding solicitations. Griffin serves U.S. Departments of Defense and Homeland Security applications, environmental health and safety monitoring, and research and teaching laboratories.
Biotech Plan for Southwestern Pennsylvania Released
To shed light on the strengths and weaknesses of the region's biotechnology cluster, Carnegie Mellon University's Center for Economic Development (CED) has published A Biotechnology Action Plan for Southwestern Pennsylvania. The CED report says the Pittsburgh biotechnology cluster largely depends on the amount of available venture capital and the development of new technologies and that total funding levels must be increased to continue biotech development.
People
Don Smith has been appointed Vice President for Economic Development at the new Mellon Pitt Carnegie Corporation. MPC, a joint venture of the University of Pittsburgh and Carnegie Mellon University, is intended to coordinate the economic development and tech commercialization activities of both schools.
People
The Indiana Technology Partnership named Jim Wheeler as its new president. A former partner with Andersen LLP, Wheeler takes the position vacated by Tom Miller last fall.
People
Telecommunications entrepreneur R. Chadwick Paul Jr. has been hired as chief executive officer of the Ben Franklin Technology Partners of Northeastern Pennsylvania.
Initiative to Strengthen Presence of Life Sciences in Central Indiana
Leaders of Central Indiana's top research, academic and economic development organizations announced on Wednesday an effort to develop the region as a world-class center for the life sciences industry.
S&T Career Opportunities
Sue Rhoades is leaving her role as State Coordinator with Ben Franklin Technology Partners in Pennsylvania to take a position in the private sector. As a result, the Ben Franklin Technology Partners are seeking candidates to fill her position. The posting, as well as several other S&T career opportunities, is available on the SSTI website at: http://www.ssti.org/posting.htm
Network of Incubators Proposed in Indiana
Purdue University plans to seek $15 million in matching funds from the state to establish and support five technology business incubators or regional technology centers around Indiana. The state also will be asked to provide $6.25 million in funding for administrative support over the first four years of the centers’ operations.
People
Steven Zylstra, chair of the Technology Transfer Committee of the Arizona Governor's Strategic Partnership for Economic Development, has accepted the position of President and Chief Executive Officer of the Pittsburgh Technology Council and the Southwestern Pennsylvania Industrial Resource Center.
People
Richard Bendis, an SSTI Board member, is leaving his position as president and CEO of Innovation Philadelphia to become president and CEO of True Product ID, Inc..
People
The Pennsylvania NanoMaterials Commercialization Center selected Alan Brown as its executive director.
Pennsylvania Governor Promotes Technology Initiative
Pennsylvania Governor Tom Ridge recently announced the release of The Technology 21 Report — The Keystone Spirit: Putting Technology to Work. Commissioned by Ridge and the Ben Franklin/IRC Partnership Board, the Technology 21 initiative is an industry-led project that will implement a comprehensive technology policy for Pennsylvania.
The Tech 21 report calls for:
USIP Reports on State Best Practices Roundtable
The United States Innovation Partnership (USIP) reported on a recent roundtable discussion on the 21st Century Economy. The topic of the discussion was the role of states in science and technology. The roundtable highlighted "best practices" in technology-based economic development in five states (Oklahoma, Kansas, Indiana, Utah, and Pennsylvania).
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.
BMT HIGHLIGHTS YEAR OF CHANGE
The 1998 annual report of the Indiana Business Modernization and Technology Corporation (BMT) addresses various changes encountered by the organization this year.