Reduced Funding Scales Back Indiana Life Sciences, Technology Development Initiatives
While maintaining a $1 billion reserve over the next biennium, the 2009-11 budget signed into law by Gov. Mitch Daniels reduces by half funding for the state's 21st Century Research and Technology Fund and appropriates only a fraction of the requested $70 million for the Indiana Innovation Alliance, an initiative to grow the state's life science industries.
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Karl Fooks, a past managing director for J.P. Morgan & Co. in Asia, is the new president of the Hawaii Strategic Development Corporation. Fooks replaces John Chock who retired last year.
States Push Green Energy Initiatives to Combat Recession, Create Jobs
In the midst of a national economic recession contributing to a record number of job losses in traditional industries, forward thinking states are exploring ideas and committing funds to help grow and diversify their economies and strengthen their renewable energy portfolios.
GOVERNOR KAINE ANNOUNCES ADDITIONAL APPOINTMENTS FEBRUARY 2 2009
DATELINE: RICHMOND, Va.
The following information was released by the office of the governor of Virginia:
Governor Timothy M. Kaine today announced appointments to the following boards and commissions:
* denotes reappointment
Medical Advisory Board for the Department of Motor Vehicles
Juan A. Astruc Jr., M.D.* of Glen Allen, partner at the Retina Institute of Virginia;
Governor's Budget Eliminates Indiana's $20M Life Sciences Fund
Virginia Omnibus Bioscience Bill Awaits Governor's Action
Virginia lawmakers passed a bill last month supporting the state's bioscience industry and providing incentives to investors for bioscience and advanced technology commercialization. The legislation comprised all of the top recommendations from the 2008 Joint Legislative Subcommittee on the Biosciences.
NSF Awards $92.5M for Five New Engineering Research Centers
The National Science Foundation (NSF) announced earlier this month the establishment of five new university-based centers developing interdisciplinary research and education programs in partnership with industry in the areas of biorenewable chemicals, green energy systems, communications networks, medical implants and smart lighting.
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Southern Growth hired Ted Abernathy, Jr., former Executive Vice President & COO of the Research Triangle Regional Partnership, to serve as its Executive Director, filling the vacancy created by Jim Clinton's resignation in September.
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Frank Sabatine has been appointed to the newly created position of associate vice president of economic development and community engagement at Ball State University.
Incubator RoundUp: New Incubators Help Grow Specialized High-Tech Companies
Over the past several months, universities, city and state governments, and private companies alike have announced the creation of high-tech incubators that will serve as springboards for developing specialized companies to help grow the regional economy. Following is a sampling of recent incubator news from across the nation.
SSTI Job Corner
A complete description of this opportunity and others 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.
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Bill Bradley is the new executive director of the Jay County Development Corp. Bradley fills the vacancy left by the late Bob Quadrozzi.
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The Indiana Business Incubator Society announced its plans to become a formal organization.
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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.
Governors Challenge Youth to Solve Real-world Industry Problem
Armed with professional advice from mentors in scientific fields and free access to sophisticated design and engineering software, teachers and students from Hawaii, Kansas, Minnesota, Oklahoma, Vermont and Virginia will participate in a national competition to solve a real-world engineering challenge defined by the aviation industry.
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- 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.
Incubator RoundUp: Encouraging Entrepreneurship and Supporting Tech Commercialization
Technology-focused incubators are an important component to fostering entrepreneurial development in a region by nurturing businesses in the earliest stages of development and helping them grow into larger companies that employ high-wage workers and bring new technologies to the market. The following select announcements provide an overview of new incubators from across the nation, illustrating the vital role of entrepreneurial development in growing high-tech regional economies.
Virginia Lawmakers Pass Budget, Delay Action on $1.65B University R&D Bond
Adjourning from the 2008 legislative session on March 13, Virginia legislators passed the fiscal year 2008-10 biennial budget but immediately called for a special session to resolve differences in the proposed capital outlay plan that supports university R&D and commercialization efforts.
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Publisher's Note: SSTI notes with much sadness the March 5 passing of Indiana State Sen. David Ford, following a battle with pancreatic cancer. David was a good friend not only of SSTI's, but also of the tech-based economic development community across the nation. In addition to being a tireless and cheerful advocate for investing in science and technology, he was also a gentleman in the true sense of the word, and we miss him greatly.
NSF Finds S&E Unemployment Rate Dipped to 2.5 percent in 2006
Regional and industry cries of a highly skilled worker shortage, particularly for scientists and engineers appear well grounded based on a recent InfoBrief from the National Science Foundation (NSF). The Foundation reports in 2006, the unemployment rate for scientists and engineers in the U.S. fell to 2.5 percent. Decreasing from 3.2 percent in 2003, the figure is the lowest unemployment rate measured since the early 1990s using the Scientists and Engineers Statistical Data System, NSF reports.
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The Beaver County (Pa.) CO-OP announced it will change its name to StartingGate. The incubator will continue to assist entrepreneurs and new business start-ups and help expand existing businesses.
Joe Dedman was chosen as the first executive director of the Southeast Indiana WIRED.
Brian DuBoff was named the director of Maryland's southern region Small Business Development Center, which is hosted by the College of Southern Maryland.
Fuel Efficiency, Alternative Fuels Are a Top Concern for Americans, Survey Shows
When given a list of seven technology categories to possibly target and invest money and resources over the next 10 years, 37 percent of U.S. respondents selected “fuel efficiency and alternative fuels” as their leading choice, according to a national survey commissioned by the Fairfax County Economic Development Authority (FCEDA) in Virginia. The remaining choices provided by the survey, which was conducted in March 2008, were as follows (ranked by overall popularity):
- Medical – 30 percent;
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.
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The Aerospace, Manufacturing and Information Technology (AMIT) Cluster of Southern Arizona has consolidated its operations with the Arizona Technology Council.