Venture capitalists invested almost $2.5 billion in China in 2007, according to a new report from Dow Jones VentureSource. That figure is a 5 percent increase over the 2006, and the highest since 2001, despite a decrease in the number of deals. Though investment is not growing quite as quickly as it is in the U.S., where venture investment rose by 8 percent last year, China is becoming a key global market for venture investment.

 

The following overview is a synopsis of selected recent announcements from research parks across the nation, including new tenants, groundbreakings and tools for financing start-up companies.

                       

Browsing the business section of a bookstore may yield dozens of titles purporting to explain the process of innovation. This newsletter and most others serving the nation’s policymakers and science and technology communities have covered reports calling for a national innovation strategy. Unfortunately, most meetings on the subject have to begin by developing a working definition of the term innovation that most can accept.

"How we view -- and treat -- the environment is a critical question for the 21st century," begins the letter from Eamon Kelly, chair of the National Science Board, that accompanies Environmental Science and Engineering for the 21st Century: The Role of the National Science Foundation. The study outlines the scope of the $600 million in current NSF environmental activities and conveys policy guidance for NSF to design a future $1.6 billion portfolio of programs and initiatives.

Two-thirds of all U.S. research and development (R&D) expenditures in 1997 were concentrated in just ten states according to a July 10, 2000 Data Brief from the National Science Foundation. In contrast the 20 lowest ranking states in R&D expenditures accounted for only four percent of the $199 billion total. 

The National Science Teachers Association (NSTA) and its sponsors have more than $1 million available through several programs to support and recognize science students and teachers. Applications are currently available for the following programs: 

Increasing globalization of research and development (R&D) and the prolific growth of information technology (IT) are major elements in a "science and engineering enterprise that is in transition," the National Science Board (NSB) reports in Science and Engineering Indicators 2000.

Women and minorities continue to take fewer high-level mathematics and science courses in high school; earn fewer bachelor's, master's and doctoral degrees in science and engineering (S&E); and remain less likely to be employed in S&E jobs than white males.

During the past decade, the European Union (EU) invested heavily in civilian R&D by building first-class laboratories and expanding higher education in science and engineering. Its efforts, according to the Data Brief for a new National Science Foundation report, Human Resources for Science and Technology: The European Region, are narrowing the lead the U.S. holds in R&D.

For example:

Criteria used by one of the largest funders of basic research to evaluate research proposals is slated to change in 1997. The National Science Foundation (NSF) is revising the criteria used to evaluate approximately 30,000 proposals per year and is seeking comments on the proposed criteria.

A panel of external evaluators has concluded that the National Science Foundation's State/Industry/University Cooperative Research Centers (S/I/UCRC) Program supports NSF's strategic goals. The panel also found that "the development of cooperative research centers involving states, industries and NSF can be an important contributing element to maintaining and developing a competitive US industry."

President Clinton recently announced his intention to nominate Dr. Jane Lubchenco, Distinguished Professor of Zoology at Oregon State University, to the National Science Board, an advisory body to the National Science Foundation. The National Science Board recommends overall national policies for promoting basic research and education in the sciences.

The National Science Foundation (NSF) has selected 13 new Materials Research Science and Engineering Centers, bringing the total number of centers to 24. NSF support for the new centers is expected to amount to $105 million over the next five year years. The centers are university-based programs that support interdisciplinary and multidisciplinary materials research and education.

The new centers are located at the following universities:

Dr. Elbert L. Marsh has been named to head the National Science Foundation's Directorate for Engineering. Dr. Marsh will now assume responsibility for all engineering funding at the federal agency--in excess of $300 million in 1995.

The Committee on Science, Engineering, and Public Policy (COSEPUP) of the National Academy of Sciences (NAS), National Academy of Engineering (NAE) and Institute of Medicine (IOM) has completed a review of the National Science Foundation's (NSF) Science and Technology Centers (STC) program. COSEPUP recently released its conclusions which call for the continuation of the STC program, with some modifications.

Increased company support of R&D offset reduced Federal funding in 1994 and contributed to an overall increase in U.S. industrial R&D, to $119.6 billion, according to the National Science Foundation's Survey of Industrial Research and Development for 1994.

Science and Engineering Indicators - 1996 is available from the National Science Foundation's (NSF) National Science Board. The report is both a reference document and a policy document that provides an extensive array of data. The 1996 report has expanded to include output as well as input indicators as well as some indicators of the impact and outcome of science and engineering in the U.S.

The International Institute for Management Development has released its annual World Competitiveness Yearbook, and the United States has reclaimed its spot atop the list. The U.S. was followed by Singapore, Hong Kong, Japan, and Denmark.

The National Science Foundation (NSF) and the Semiconductor Research Corporation (SRC) have created the NSF/SRC Engineering Research Center for Environmentally Benign Semiconductor Manufacturing. The new center will study the environmental, health, and safety aspects of the semiconductor manufacturing process.

For the third consecutive year, industrial support of U.S. academic research dropped, according to an April 2006 InfoBrief by the National Science Foundation (NSF). The 2.6 percent decrease in fiscal year 2004 from the previous year is the sharpest yet in the three-year trend, following a 1.1 percent reduction in FY 2003 and 1.6 percent in FY 2002.

France

It's probably the case that not all of your travel over the next few months will be for personal vacation. Conference excursions can stimulate new ideas, add to your professional growth, and establish or strengthen opportunities for collaboration. In addition to reserving Oct. 31-Nov. 2 for SSTI's 10th Annual Conference in Oklahoma City, we encourage you to check out our web calendar of events to scan more than 140 additional opportunities for professional development.

Yolanda Hunter is the new manager of the New River Valley Competitiveness Center in Radford, Va. Wayne Carpenter, former manager of the incubator, left to pursue private consulting work.