Money is following the jobs and excitement that represents China's economy these days according to an annual survey of equity investments in China mainland businesses. Compiled by Chinese venture capital (VC) research and consulting firm Zero2IPO, the fourth annual survey found 60 firms made 253 investments totalling $1.269 billion (US) in China mainland or mainland-related enterprises in 2004.

Kelly Lewis, a state legislator in Pennyslvania, will be the new president and CEO of the Technology Council of Central Pennsylvania, beginning Jan. 1.

It may not be getting much attention from the White House or Congress, but encouraging innovation and technology-based economic development through coordinated national strategies and initiatives is very much on the legislative agenda of many other countries around the world. Recent highlights from the past few weeks include (all dollar figures are for U.S. equivalencies):

To increase the commercial value and economic benefits of federal investments in scientific research, the National Research Council of Canada (NRC) is launching six new research and innovation facilities valued at over $125 million.

The larger conference structure allows us to experiment with some of the sessions, adding elements to improve the event's value for most participants.

To get your experience at SSTI's annual conference off on the right foot, the City of Philadelphia proudly invites you to enjoy a private evening at its most beautiful and interesting new cultural center — the National Constitution Center. The evocative museum is the first devoted to one of the most important and innovative documents in world history — the U.S. Constitution.

On October 13, SSTI will offer four exciting options as pre-conference activities: three day-long sessions on topics that will help you prepare for tomorrow's challenges and a tour of one of the world's foremost science parks. The sessions are:

SSTI annual conferences don't come in a box. We don't publish proceedings or post conference materials. Each year's event is designed as an intensive learning experience; it's about the question and answer, the give and take, the push and pull, the dialogue as much as the individual presentations. You have to be present to win, if learning and growing is winning. We think it is.

Need yet another reason why this conference fits your training needs? SSTI’s 8th Annual Conference is recognized by the International Economic Development Council (IEDC) as a professional development event that counts toward the recertification of Certified Economic Developers (CEcDs).

Seattle 2003 Sold Out. Register Early to Ensure a Seat in Philadelphia

We heard from some of you last year about your disappointment and disbelief that you couldn't attend our annual conference in Seattle because it was sold out. It happens with SSTI conferences because our first concern is the quality of the event for our participants.

If you consider North America's public investment to encourage economic growth through science and technology at the state or provincial government level, Ontario should be in your top 10. And the recent injection of $63 million for technology commercialization might have bumped the province of 12 million residents up a place or two.

Science Spending to Rise £1B Over Next 3 Years Alone

"..because we want Britain to be the most attractive location in the world for science and innovation, we are setting a new and ambitious target of increasing UK R&D investment as a proportion of national income from its current level of 1.9 percent to 2.5 percent by 2014 over the next decade."

One Goal would see Science Share of GDP Surpassing US before 2010.

Innovation policy approaches need to address specific challenges, problems and opportunities found in different types of regions, according to a new research paper from the Vienna University of Economics and Business Administration. The paper, One Size Fits All? Towards a Differentiated Policy Approach With Respect to Regional Innovation Systems, was presented at the recent German Institute of Economic Research conference.

Frank Horrigan is leaving Innovation Works in Pittsburgh to become director of the Governors Action Team SW Regional Office.

Scientific research, technological development and innovation are the heart of a knowledge-based economy, and in order to strengthen this sector in Europe, the European Union’s (EU) research budget needs to be doubled, according to a new plan released by the Commission of The European Communities.

Pete Tartline has resigned his position as president and CEO of the Technology Council of Central Pennsylvania.

Financial success for any start-up tech firm more often depends on adequate financing and proper management than the specific technology, experts say. Two tech-based economic development organizations in Pittsburgh have formed a new alliance to offer entrepreneurial life science firms with an eye toward greater sustainability and profitability.

Competition for state, federal and industrial funding to support university research is increasingly fierce in the U.S. Growing interest in developing academic research capacity, eroding state support for higher education and federal R&D budgets barely keeping pace with inflation, let alone absorbing the growing percentage dedicated to Congressional earmarks, are some of the reasons.

A study released last week by the Economic Development Administration (EDA) and Carnegie Mellon University's Center for Economic Development finds that, within a region, universities are best able to affect the growth of young, emerging clusters. The study, Universities and the Development of Industry Clusters, concludes a "university must have a large base of research and development in order to significantly impact a cluster..."

With its economy already outpacing the average growth for the member states of the Organisation for Economic Co-operation and Development (OECD) for the past five years, the Czech Republic is injecting 348 million euros ($417.6 million US) into several tech-based economic development (TBED) initiatives.

Jill Felix, chief executive officer of the University City Science Center in Philadelphia, has announced she is stepping down.

The Allegheny Conference on Community Development announced the following three staff appointments: Leigh McIntosh was named special projects director, Katherine Needham is a new senior vice president, and Roger Cranville will serve as senior vice president of business investment for the Pittsburgh Regional Alliance.

Shortly after a General Assembly vote last week, Pennsylvania Gov. Ed Rendell announced the bipartisan approval of the remaining components to the state’s economic stimulus package. The governor's plan is intended to fuel major new investment in communities across the state.

Increased financial support for start-up companies and the research sector has the attention of Canadian Minister of Finance Ralph Goodale. In the Minister's 2004 budget report, released last month, venture capital (VC) initiatives totaling $270 million (CAN) are targeted for investment. Combined with private sector investments, total VC funding is expected to amount to $1 billion.