Cities Take Action to Support Early-stage Companies
New York City officials recently announced the launch of a $2 million seed fund to boost entrepreneurship and the local venture capital market. NYC Seed will provide up to $200,000 for seed-stage New York-based businesses and will offer mentoring and other support for client companies.
People & TBED Organizations
The Indiana Business Incubator Society announced its plans to become a formal organization.
SEMATECH, New York to Invest $600 million in Nanoelectronics
Deal’s Impact on Texas Operations Remains Unclear
If you follow college sports, you know all how strong rivalries can be between certain schools. Bragging rights after a football game spill over into competitions over everything. Those that cross neighboring state borders seem to have even more edge sometimes.
TBED People
- Tony Armstrong, Indiana University executive director for engagement, has been chosen as the Indiana University Research and Technology Corporations new president and CEO.
- Jeff Costantine will retire this fiscal year as president of the Nashville Technology Council. The board of directors has begun the search for a new president.
Incubator RoundUp: Encouraging Entrepreneurship and Supporting Tech Commercialization
Technology-focused incubators are an important component to fostering entrepreneurial development in a region by nurturing businesses in the earliest stages of development and helping them grow into larger companies that employ high-wage workers and bring new technologies to the market. The following select announcements provide an overview of new incubators from across the nation, illustrating the vital role of entrepreneurial development in growing high-tech regional economies.
People
Gov. Eliot Spitzer has named Daniel Gundersen co-chairman of the Empire State Development Corp. in New York.
People
Dr. James Weyhenmeyer will become senior vice president for the State University of New York (SUNY) Research Foundation and SUNY senior vice provost for research, effective March 3, 2008.
New York Unveils $1B Upstate Revitalization Fund
Last week, Gov. Eliot Spitzer gave New York’s first ever “State of the Upstate” address in Buffalo, outlining his administration’s $1 billion Upstate Revitalization Fund. Among the components intended to encourage economic growth in the northern part of the state are:
People
New York Gov. Elliot Spitzer nominated Edward Reinfurt to serve as executive director of the New York State Foundation for Science, Technology and Innovation. Reinfurt has been vice president of the Business Council of New York State, a statewide 4,000-member chamber of commerce, since its founding in 1980.
NSB Releases Action Plan on STEM Education
Many Digest stories in recent years have described the actions of states and regions to build a stronger educational foundation in the science, technology, engineering, and mathematics (STEM) fields. The National Science Board (NSB), the policy-making body of the National Science Foundation, released its recommendations to improve the ability of all American students to receive the necessary skills and knowledge to successfully participate in the workforce of the future.
People
Jim Denn was named deputy executive director of the New York State Office of Science, Technology and Academic Research (NYSTAR).
People
Michael Tentnowski is the new director of the Rensselaer Polytechnic Institute Incubator.
People
Kathie Olsen, nominated by the president and confirmed by the Senate, is the new deputy director of the National Science Foundation.
Local ED Already Squeezed, According to ACCRA Survey
The average budgets for local and regional economic development organizations fell nearly 3 percent between 2004 and 2005, according to the second annual survey by ACCRA.
NSF Releases 2003 Academic R&D Data
University R&D is considered a fundamental element of innovation and technological competitiveness. If R&D spending equates to more R&D, then the 10 percent increase between 2002 and 2003 as reported by the nation's academic community to the National Science Foundation (NSF) would be a rosy sign for America's future.
Number of Science and Engineering Doctorates at All-Time High
The number of doctorates awarded in the U.S. within science and engineering (S&E) fields reached an all-time high in 2005, according to a recent National Science Foundation (NSF) issue brief. After the previous high of 27,273 S&E doctorates awarded in 1998, the number decreased for four years until 2002, and has steadily increased the past three years to the 2005 number of 27,974 Ph.D. graduates.
Investments in University R&D Top Virginia Gov's Budget Proposal
To develop and promote higher education research facilities and faculty in Virginia, Gov. Mark Warner proposed $218.8 million in his fiscal year 2006-08 biennial budget proposal for investment in university R&D. In response, state institutions of higher education have pledged to match the governor's proposal with a $299 million commitment.
What Should NSF Look Like in 2011?
One of the most critical federal partners involved either directly or indirectly in determining the success of most state tech-based economic development strategies seeks input from the science and engineering (S&E) community in the development of its next five-year plan.
People
Robert Chernow was appointed to the newly created position of vice provost for entrepreneurship at Rensselaer Polytechnic Institute.
NY S&T Office to Become Public Foundation
New York's lead agency for promoting tech-based economic development (TBED) in the state soon will have a new name, if not a complete makeover. Under enacted budget legislation, the New York Office of Science, Technology and Academic Research (NYSTAR) will become the New York State Foundation for Science, Technology and Innovation by Jan. 1, 2006.
New York Budget Calls for New Oversight of Empire Zones
New York's Empire Zones Program dodged a veto from Gov. George Pataki as an agreement was met with the legislature to restructure the program. The state budget, signed into law last week, extends the program and allows for an additional 12 zones to be created throughout the state.
SW Virginia Study Identifies Challenges to Growth for Small Metros
While some regional assessments attempt to benchmark economic indicators of smaller regions to those of notable accomplishment such as Silicon Valley or Research Triangle Park, a new study from the Center for Regional Strategies at Virginia Tech compares regions with similar economic and demographic characteristics, a potentially more useful model for other metro areas.
Useful Stats: S&E Grad Students & Post-Docs by State, 2002
The National Science Foundation (NSF) has released Graduate Students and Postdoctorates in Science and Engineering: Fall 2002, a collection of 54 statistical tables presenting the distribution of graduate students in science and engineering (S&E) across population segments, fields of science or engineering, and by college and state. Overall long-term trends for S&E graduate students from 1975 to 2002 and short-term trends from 1995 to 2002 by detailed fields are presented as well.
TBED Organizations & People Update
Craig Watters is serving as interim director of the Falcone Center for Entrepreneurship at Syracuse University. Past director Nola Miyasaki has relocated to Hawaii to join a biotech company.