Recent Research: Israeli Model Provides Framework for Use of Research and Venture Capital Initiatives
During the 1990s, especially the mid- to late-part of the decade, many countries experienced booms in their high-tech and venture capital industries. Few, however, grew at the same pace as Israel.
Israeli entrepreneurs created eight times as many high-tech companies during the 1990s than in the previous decade and equity investment in Israeli start-ups grew from $50 million to $6.65 billion. The number of venture capital companies in the country jumped from two in 1990 to about 100 in 2000.
Opportunity to Join TBED Movers & Shakers
Excitement for SSTI's 12th annual conference is growing. Sponsorship opportunities are available to help build awareness of your TBED program and build beneficial relationships with the nation's top state and regional TBED decision makers at this year's event. Last year’s conference included more than 350 representatives from 48 states and four countries.
Raising Personal Income through Focused Efforts in Emerging Workforce Areas
In the midst of a national economic downturn, coupled with stagnant to little growth in wages for even college-educated individuals, state efforts to build a qualified workforce and attract industries in emerging fields that pay above-average wages are crucial to ensuring economic growth.
People & TBED Organizations
The U.S. Department of Commerce's Economic Development Administration (EDA) recently announced Ben Franklin Technology Partners (BFTP) as the winner of the "Excellence in Technology-led Economic Development" award, as part of EDA's Excellence in Economic Development Awards 2008. BFTP, created in 1983, has regional offices in Lehigh Valley, Philadelphia, Pittsburgh and State College.
Luxembourg Partners with U.S. Firms for $200M Molecular Med Investment
On June 5, 2008, the government of the Grand Duchy of Luxembourg announced plans for a $200 million five-year molecular medicine initiative that draws on a strategic partnership involving three Luxembourg Public Research Centers (CRPs), the University of Luxembourg and three U.S. research institutes prominent in the field.
The U.S. research institutions include:
- Translational Genomics Research Institute (TGen) in Phoenix, led by Dr. Jeffrey Trent;
SSTI Welcomes Newest Members; Alaska Brings State Tally to 47
It's no wonder SSTI's Annual Conference presents such a broad range of perspectives and approaches to TBED each year, when our organization draws in active membership from organizations from all across the continent! For example, with the involvement of the Alaska Manufacturing Extension Partnership, SSTI now has active members in 47 states, the District of Columbia, and Canada.
Alberta and Ontario Launch Tech and Venture Capital Initiatives
Last week, Premier Ed Stelmach of Alberta introduced a $170 million suite of initiatives to support high-tech economic development in the province. The government hopes that by providing support for commercialization from research to market it can attract high-tech entrepreneurs from other areas. Most of the province's investment will support the creation of the $100 million Alberta Enterprise Corporation to encourage venture capital investment.
People & TBED Organizations
Brenda Wyland will join the Research & Technology Park Inc. at North Dakota State University as the incubator manager, effective Feb. 1, 2008.
Recent Research: Why Do Manufacturing Firms Choose to Collaborate on Innovative Projects?
Manufacturing firms come in all shapes and sizes. Little ones. Big ones. Ones that need more labor from their employees to assemble components. Ones that need more R&D from their employees to design products.
Useful Stats: Percent Change in Academic R&D Expenditures by State, 2001-2005
Last week’s release by the National Science Foundation (NSF) of the results of the 2005 survey of academic R&D expenditures reveals the nation’s investment in research through its universities and colleges rose 5.8 percent in fiscal year 2005. Academic research expenditures for FY 2005 totaled $45.75 billion.
SSTI Editorial: FY08 Budget Request: Research Up; Economic Development Down
When one looks beyond the first few pages of many sections of the agencies’ fiscal year 2008 budget request summaries, the mental concept of a television rerun appears. As SSTI staff pored through the budget this week, several found ourselves saying, “Didn’t we read the same thing last year?”
Editor's Note: Special Digest Edition as Part of Entrepreneurship Week
It is the nation’s first Entrepreneurship Week, with many events, workshops and contests taking place across the country to encourage more people to consider becoming entrepreneurs. A complete list of activities is available at www.entrepreneurshipweekusa.com. With this issue, SSTI honors America’s tech entrepreneurs – and the state and local TBED efforts designed to ensure more of these firms succeed!
Entrepreneurship Reports Available
This week's issue of the SSTI Weekly Digest exposes just the tip of the iceberg of information available on entrepreneurship. That's where the TBED Resource Center comes in handy. The TBED Resource Center, developed by SSTI in cooperation with the U.S. Department of Commerce's Office of Technology Policy, is an interactive website providing a wealth of information for practitioners, policymakers, university faculty, and researchers alike.
Research Park RoundUp
The following overview is a synopsis of select recent announcements from research parks across the world, including groundbreakings and development plans to support vibrant regional economies based on science, technology and innovation.
SSTI Appoints Four Distinguished Leaders to Board
Four leading members of the technology-based economic development community were elected to the State Science and Technology Institute (SSTI) board of trustees today, each bringing fresh perspective and unique insight on issues affecting SSTI’s nationwide network of policymakers and practitioners working to improve state and regional economies through science, technology and innovation.
How Does TBED Make the Most Significant Difference for Our Regional Economies?
State, regional and university technology-based economic development (TBED) is at a crossroads. Many initiatives are celebrating major chronologic milestones at the same time new TBED elements – such as incubators, grant programs, research parks, and equity funds – are popping up almost daily in more and more communities and universities.
Unmatched Value in SSTI Conference Agenda
Each year, SSTI members assemble timely, relevant session topics offering practical information with lessons that can be directly applied to issues currently facing the TBED community. Rest assured that when you return from the conference, you will be equipped with fresh ideas to tackle your organization’s most pressing needs. SSTI uses a two-stage survey process during the summer months to develop the conference agenda, rather than having the agenda set by invitation or call for papers many months in advance.
Keynote Speaker Addresses Successful VC Investments Made Anywhere
Keeping with the underlying theme of "Where Does TBED Go from Here?" for SSTI's 12th Annual Conference, David Wilhelm, founder and President of Woodland Venture Management, will provide the keynote address on the topic of making successful VC investments anywhere.
Highlighting TBED Successes Through Poster Hall of Fame, Excellence in TBED Awards
SSTI will be holding its first poster session dedicated entirely to celebrating why states, regions, universities and related organizations engage in TBED. Our goal is to have the best achievements in the field on display as posters at the conference. Each poster will profile a real success story providing hard evidence of how TBED investments are sustaining the nation’s position as a global leader for innovation and competitiveness – one local or regional project at a time.
Cleveland Rocks! Opening Reception Kicks Off at Rock N’ Roll Hall of Fame
Join fellow SSTI conference attendees for an opening reception at the Rock and Roll Hall of Fame, located on the shore of Lake Erie in downtown Cleveland. Just like the music it pays homage to, inside and out, the Rock Hall exudes coolness. In addition to celebrating the opening of SSTI’s annual conference, we will be joined by Ohio Lt. Governor Lee Fisher, director of the Ohio Department of Development to mark the 25th anniversary of Ohio’s Thomas Edison Program and the state’s sustained investment in a broader set of TBED strategies and programs.
Experience the Beauty of Fall in Cleveland
Crisp, clean air, blue waters and autumn leaves are just a few reasons why fall is the best time to visit Northeast Ohio. Cleveland was ranked as the number one “Most Livable City” in the U.S. by the Economist in 2005, primarily because it has all the benefits of a major city without sacrificing quality of life. Cleveland+ is home to major research institutions and healthcare organizations; major league sports teams; world-class cultural institutions; and great museums and entertainment attractions.
What to Expect at an SSTI Annual Conference
SSTI conference “regulars” know that this event is the field’s most stimulating and rewarding professional development investment one can make. Each year’s agenda provides new perspectives and approaches to dealing with common problems, new issues and the latest trends and challenges facing your efforts to encourage regional innovation. You can expect:
- In-depth examinations of some of the best state and regional approaches to cultivate a bright economic future.
Partnerships: The Key to Success
SSTI’s 12th Annual Conference is made possible by the support of our lead host sponsor, NorTech, a team of Ohio co-hosts, and the generous support of our national conference sponsors. SSTI extends its appreciation and thanks to the following exemplary organizations serving as our national sponsors:
- Kansas Technology Enterprise Corporation
- Greater Oklahoma City Chamber
Prominent State Leaders to Explore TBED Strategies in One-of-a-Kind Interactive Session
Against the backdrop of Northeast Ohio, a region transitioning to a high-tech economy through focused efforts in industry growth and R&D activity, three state economic development directors championing economic growth will provide SSTI conference attendees with answers to the all important question, Where do we go from here? in a highly interactive and future-looking session.
High-Tech Companies Contribute $3 billion to Hawaiian Economy
An upcoming report finds that Hawaiian high-tech industries contributed $3 billion to the state's economy in 2007.