Voters in Missouri approved, 51 percent to 49 percent, an amendment to the state constitution that will prohibit state or local governments from preventing embryonic stem cell research. The amendment also defines what type of research is permitted.

 

To help entrepreneurs start and manage businesses, the Kauffman Foundation recently launched Kauffman eVenturing™ ( www.eVenturing.org).

Peter Gold was appointed associate provost for economic initiatives at Rutgers-Camden.

New Jersey and Virginia were the only two states to choose governors in November 2005, with both states having open races. Below is a description of each governor-elect's position on TBED.

Examining the components that would most likely be attributed directly to Acting Gov. Richard Codey's proposed $380 million Stem Cell Research Initiative, a Rutgers University study finds that, potentially, the state stands to benefit from an estimated $1.4 billion in new economic activity, approximately 20,000 new jobs, and $71.9 million in new state revenue over the next 20 years.

The Kauffman Foundation recently launched "Giving Back to Entrepreneurship," a website dedicated to informing entrepreneurs how they can use their energy and creativity to support their communities and help jumpstart the next generation of entrepreneurs.

By nature, angel investing is a risky endeavor. Angels are often involved with unproven seed- and early-stage companies and are frequently the first outside investors to become involved in a new venture. Despite these risks, a report released by the Ewing Marion Kauffman Foundation and the Angel Capital Education Foundation argues that angel investors working through investor groups often achieve attractive returns.

Pat Snider, the first CEO for BioGenerator in St. Louis, announced her departure from the two-year-old organization by the end of the year.

Just over two months ago, Acting Gov. Richard Codey announced budget shortfalls were delaying the state's $380 million stem cell research initiative (see the April 25 issue of the Digest).

Randa Hayes is the new director of the business development and trade division of the Missouri Department of Economic Development.

Designed to ease the transaction burden on university technology transfer offices and encourage more open and efficient access to research, the Kauffman Foundation recently unveiled iBridge, a web-based platform under the Kauffman Innovation Network.

Between 1996 and 2004, an average 0.36 percent of the U.S. population created a new business each month, representing approximately 500,000 new businesses per month, according to the Kauffman Index of Entrepreneurial Activity.

John Gardner has been named the first vice president for research and economic development for the University of Missouri system.

RiverVest Venture Partners, a life science venture capital firm headquartered in St. Louis, announced it will be opening an office at the BioEnterprise facility in Cleveland. The office will be managed by Karen Spilizewski, who is joining RiverVest on a part-time basis as a vice president on Jan. 1.