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  • weekly_digest (319)
Displaying 151 - 175 of 319
Authored on

Useful Stats: Share of U.S. Venture Capital Investment by State, 2009-2014

Thursday, February 26, 2015

California-based companies received about 56 percent of all U.S. venture capital dollars in 2014, the state's highest share of venture activity since the dot com boom of the early 2000s. Over the past 15 years, investment activity has steadily become more concentrated in California and a few other states. In 2009, about 67 percent of all deals and 74 percent of venture capital dollars flowed to the top five states. By 2014, those states' share of venture dollars grew to 80 percent, according to NVCA/Pricewaterhouse Coopers data.

  • Read more about Useful Stats: Share of U.S. Venture Capital Investment by State, 2009-2014

RI Governor’s Proposed FY 2016 Budget Emphasizes Innovation

Thursday, March 19, 2015

Late last week, Rhode Island Gov. Gina Raimondo’s released her proposed $8.6 billion FY2016 budget proposal.   The budget focuses on three guiding principles: building skills, attracting entrepreneurs and investment, and fostering innovation.

  • Read more about RI Governor’s Proposed FY 2016 Budget Emphasizes Innovation

AR, NY Legislatures Approve Economic Development Spending

Thursday, April 2, 2015

Over the past few months, SSTI has followed proposals issued by governors in their budget requests, State of the State Addresses, Inaugural Speeches and other events. Now that many state legislatures have begun approving budgets, the Digest will check on the status of these proposals, and examine the state of technology-based economic development funding in the states. This week, we review actions in Arkansas, Mississippi and New York.

  • Read more about AR, NY Legislatures Approve Economic Development Spending

Budget Update: FL Gov Vetoes $461M, RI Approves $100M for Economic Development

Thursday, June 25, 2015

Over the past few months, SSTI has followed proposals issued by governors in their budget requests, State of the State Addresses, Inaugural Speeches and other events. Now that many governors have signed spending bills, the SSTI Digest will check on the status of these proposals, and examine the state of technology-based economic development funding in the states. This week, we review actions in Florida and Rhode Island.

  • Read more about Budget Update: FL Gov Vetoes $461M, RI Approves $100M for Economic Development

DOD Awards $110M Integrated Photonics Manufacturing Institute to New York

Thursday, July 30, 2015

Vice President Joe Biden announced that the Research Foundation for the State University of New York will receive a $110 million federal grant from the U.S. Air Force Research Laboratory to lead the American Institute for Manufacturing Integrated Photonics (AIM-Photonics). The Department of Defense-funded grant will be supplemented by a $250 million investment from the state of New York with additional funding commitments from public and private partners expected to exceed $245 million over the next five years.

  • Read more about DOD Awards $110M Integrated Photonics Manufacturing Institute to New York

New York Ventures to Oversee State’s Innovation Investment Funds

Thursday, August 6, 2015

This week marked the launch of New York Ventures, an Empire State Development program dedicated to encouraging innovation and fueling economic growth in communities across New York. The program is derived of three separate funds: the $100 million New York State Innovation Venture Capital Fund; the $45 million Innovative NY Fund; and, the $2 million Minority- and Women-Owned Business Investment Fund. As part of the New York Ventures launch, Empire State Development also announced the NYS Innovation Venture Capital Fund’s close on financing for two New York-based tech companies.

  • Read more about New York Ventures to Oversee State’s Innovation Investment Funds

NY, IN Pursue Regional Strategies to Fuel High-Tech Economy

Thursday, December 18, 2014

New York Gov. Andrew Cuomo recently announced the fourth round of regional economic development grants to support tailored approaches to job creation in different areas of the state. The $709.2 million in awards are part of the state’s ongoing Regional Economic Development Council (REDC) initiative begun in 2011. Regional strategies have long been a key component of state development policy, enabling policymakers to encourage institutional partnerships with a focus on the specific needs of local economies.

  • Read more about NY, IN Pursue Regional Strategies to Fuel High-Tech Economy

NY Launches $50M Innovation Venture Capital Fund

Thursday, December 18, 2014

Last week, New York Gov. Andrew Cuomo launched the New York State Innovation Venture Capital Fund (NYSIVC or The Fund), a $50 million fund that is expected to leverage at least $100 million in private capital to support early stage companies in high growth areas such as advanced materials, clean technology, life sciences/biotechnology, and information technology.

  • Read more about NY Launches $50M Innovation Venture Capital Fund

TBED People and Organizations

Wednesday, May 6, 2009

W. Steven Burke is the new president of Biofuels Center of North Carolina.

  • Read more about TBED People and Organizations

TBED People and Organizations

Wednesday, July 1, 2009

The Piedmont Triad Research Park laid off Bill Dean, director of the park, and Nancy Johnson, marketing director. Park officials said that the park's project manager and executive assistant also were laid off.

  • Read more about TBED People and Organizations

Summer Camps and Tech Challenges Prepare Next Generation Scientists, Engineers

Wednesday, July 15, 2009

The lazy days of summer may be the most challenging time to keep students and teachers motivated and engaged in academics. Fortunately, several programs across the country have risen to the challenge. And, with the Obama Administration's pledge to make math and science education a national priority, now may be an opportune time for collaboration among federal and state agencies, private foundations, and industry to reverse the U.S. decline in science, technology, engineering, and mathematics (STEM) fields.

  • Read more about Summer Camps and Tech Challenges Prepare Next Generation Scientists, Engineers

Recent Research: Does the Clustering of Venture Capital Centers Make Sense?

Wednesday, July 15, 2009

Three metropolitan areas dominate the U.S. venture capital landscape: San Francisco, Boston and New York. These cities are home to about half of all U.S. venture firms and about half of all U.S. venture-backed companies. Though venture firms have sprung up around the country over the past 25 years, the three cities have maintained, and even expanded, their share of national firms and investment.

  • Read more about Recent Research: Does the Clustering of Venture Capital Centers Make Sense?

New York City Gains $3 Million Tax Credit for Biotech Firms

Wednesday, July 29, 2009

The New York State legislature passed an act enabling New York City to move forward with a $3 million biotech tax credit that is expected to encourage biotechnology firms to bring their jobs, innovation, and emerging technologies to the city. The bill (S.4845-B/A.8131) is expected to be signed into law by Gov. David Paterson.

  • Read more about New York City Gains $3 Million Tax Credit for Biotech Firms

Legislative Wrap-up: Massachusetts, New Jersey, Oklahoma, and Rhode Island Pass FY10 Budgets

Wednesday, August 12, 2009

Over the past few months, several states have enacted spending plans for the upcoming fiscal year and passed legislation to support renewable energy initiatives and tax credits for R&D. While some TBED programs will face dramatic cuts in FY10, others are slated for slight decreases or will receive level funding. The following synopsis provides an overview of the 2009 legislative sessions across the following states:

  • Read more about Legislative Wrap-up: Massachusetts, New Jersey, Oklahoma, and Rhode Island Pass FY10 Budgets

Incubator RoundUp

Wednesday, December 21, 2011

Finding new and creative ways for high-tech companies to succeed is an important component in business incubation. A recent study examining best practices for supporting new company formation finds it is the synergy among multiple practices, policies and services that produces optimal outcomes. At the same time, collecting standardized measures, reporting on progress annually, conducting external independent evaluations, tracking programs, and continuing to enhance practices are singled out as important policy implications.

  • Read more about Incubator RoundUp

Tech Talkin' Govs: Part I

Wednesday, January 11, 2012

SSTI's Tech Talkin' Govs series has returned for its 12th annual edition. The series highlights new and expanded TBED proposals from governors' State of the State, Budget and Inaugural addresses across the nation. The first installment includes excerpts from speeches delivered in Georgia, Iowa, New York, Kentucky, South Dakota, Vermont, and Virginia. Georgia Gov. Nathan Deal, State of the State Address, Jan. 10, 2012 "... I want to announce two ambitious goals.

  • Read more about Tech Talkin' Govs: Part I

Tech Talkin' Govs: Part IV

Wednesday, February 1, 2012

The fourth installment of SSTI's Tech Talkin' Govs' series includes excerpts from speeches delivered in Illinois, New Hampshire, Tennessee, and Rhode Island. The first three installments are available in the Jan. 11, Jan. 18 and Jan. 25 editions of the Digest. Illinois Gov. Pat Quinn, State of the State Address, Feb. 1, 2012 "Today, I'm announcing a $2.3 million dollar investment in '1871,' a new technology center at the Merchandise Mart in Chicago to foster and launch digital start-ups.

  • Read more about Tech Talkin' Govs: Part IV

Governors in KS and NY Outline TBED Proposals

Wednesday, February 1, 2012
Governors in Kansas and New York unveiled budget proposals for FY13 that would maintain funding for economic development proposals initiated last session. In Kansas, Gov. Sam Brownback proposed funding for a new Creative Industries Commission, while New York Gov. Andrew Cuomo proposed a new round of $200 million in competitive grant funding for the state's regional economic development councils.
  • Read more about Governors in KS and NY Outline TBED Proposals

Consortium Steps in To Help Launch Rhode Island Startups

Wednesday, October 24, 2012

Building on a previous statewide initiative to boost technology entrepreneurship, a group of Rhode Island organizations have combined resources to launch a new effort called the Founders League. The idea is to assemble a treasure trove of support from universities, a mentorship-driven accelerator, and the Chamber of Commerce to provide resources and connections for established and aspiring entrepreneurs.

  • Read more about Consortium Steps in To Help Launch Rhode Island Startups

Rhode Island Improves Economic Strength in Second Annual Benchmark Study

Wednesday, November 14, 2012

Rhode Island has released its 2012 Benchmarking the Rhode Island Knowledge Economy, a follow-up to the inaugural report published last year. Produced by the Greater Providence Chamber of Commerce and Rhode Island Science & Technology Advisory Council, Benchmarking is a comprehensive report of the state's innovation capacity and a method of measuring over time Rhode Island's innovation economy in comparison to the region and the country.

  • Read more about Rhode Island Improves Economic Strength in Second Annual Benchmark Study

TBED People & Orgs

Wednesday, December 12, 2012

Gov. Lincoln Chafee has nominated Deputy Director William Parsons to lead the Rhode Island Economic Development Corporation.

Gov. Rick Perry has appointed J. Bruce Bugg, Jr. as president and chairman of the Texas Economic Development Corp.

Gov.-elect Steve Bullock tapped Meg O'Leary to be the Montana Commerce Department director.

  • Read more about TBED People & Orgs

Tech Agenda, Billion Dollar Green Bank Top NY Gov's Economic Growth Plan

Wednesday, January 9, 2013

Innovation was a key term used in Gov. Andrew Cuomo's State of the State address and is referenced heavily throughout his economic development agenda for the upcoming year. The governor proposed creating innovation hot spots, an innovation network and innovation venture capital fund. Efforts would be focused on accelerating technology transfer and providing funds to attract startup companies. Cleantech investments and support for competitive university-based projects that emphasize economic impact also are a priority for the governor.

  • Read more about Tech Agenda, Billion Dollar Green Bank Top NY Gov's Economic Growth Plan

New York Commits $15M to Establish Clean Energy Proof-of-Concept Centers

Wednesday, January 9, 2013

The New York State Energy Research and Development Authority (NYSERDA) announced that it will commit a total of $15 million to Columbia University, the Polytechnic Institute of New York University (NYU-Poly) and High Tech Rochester to create three proof-of-concept centers focused on turning university-developed, clean energy ideas into successful businesses. Each regional center will receive $5 million in seed money over the next five years, cost-sharing required, with the expectation of being self-sustaining once NYSERDA funding ends.

  • Read more about New York Commits $15M to Establish Clean Energy Proof-of-Concept Centers

Tech Talkin' Govs: Part II

Wednesday, January 16, 2013

The second installment of SSTI's Tech Talkin' Govs series includes excerpts from speeches delivered in Colorado, Nebraska, Nevada, Rhode Island, South Dakota, Vermont, Washington, and Wisconsin. Our first installment was in the Jan. 9 Digest.

  • Read more about Tech Talkin' Govs: Part II

New York Launches $25 Million Grant Program to Spur Broadband Development

Wednesday, August 29, 2012

New York Governor Andrew Cuomo announced that the state has started accepting applications for the $25 million "Connect NY" program to promote and expand broadband Internet access. The grants will be awarded to public-private partnerships comprised of internet service providers, local governments and economic-development organizations.

  • Read more about New York Launches $25 Million Grant Program to Spur Broadband Development

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