Cleveland Clinic Innovations Receives Unexpected $10M Donation
West Virginia coal-mining and farming businessman James C. Justice II confirmed a $10 million donation to Cleveland Clinic Innovations this week, according to an article in the Cleveland Plain Dealer. The gift will be used to establish a chair in medical innovation, to fund patent applications and to provide space and seed funding to early stage businesses. Inspired by the move, Cleveland Clinic Innovations Chairman Thomas Graham announced that he will contribute an additional $1 million for patent applications.
TBED People
The Idaho Department of Commerce has named Gynii Gilliam as its new chief economic development officer. Gilliam brings more than 20 years of experience to the position. Most recently, she served as executive director of Bannock Development Corporation.
David Kerr, director of the Missouri Department of Economic Development, will step down from the position Dec. 31.
Public-Private Partnerships Redefining U.S. Space Industry
In response to declining appropriations and the termination of the Space Shuttle program, NASA has had to re-orient its approach to commercial partnerships. Over the past decade, NASA has turned to private partnerships to further the agency’s goals of space research and exploration.
ACE-Net to Privatize by Sept. 1
The Angel Capital Electronic Network (ACE-Net) will be privatized by September 1, 2000. The Internet-based listing service for growing companies and angel investors has been run by the U.S. Small Business Administration (SBA) Office of Advocacy.
People
Ohio Department of Development Director Bruce Johnson has been sworn in as the state's lieutenant governor. Johnson is expected to serve both positions for the balance of Gov. Bob Taft's term.
People
Michael DeAloia has been named tech czar for the City of Cleveland.
People
While federal law and our own moral ethics prevent us from putting her to work in the near future, SSTI is excited to welcome Madelynn Elizabeth Carr to the world as the newest member of the SSTI team. Ms. Carr was born to SSTI Executive Assistant Ruth Carr and her husband, Larry, on Wednesday, Nov. 17.
People
John Nauseef has been appointed CEO of Dayton Development Coalition, filling the position to be vacated by Ron White when he resigns at the end of the year.
SSTI Weekly Digest Turns 400
There are less than 100 of our readers - now approaching a total of 100,000 - that may be able to look into their electronic mailboxes and even eight-year-old paper files to see that this issue of the SSTI Weekly Digest is our 400th. What began in March 1996 as a two-page weekly fax to key science and technology leaders in most states has evolved into the one of the most widely read e-news sources for the tech-based economic development community in the U.S.
Ohio Injects Another $100M into Third Frontier Programs for FY05
Includes $24M for Biomedical Research, $50M for Wright Centers
People
Baiju Shah is the new president of the Cleveland's BioEnterprise Corp., succeeding Matt Jennings.
Digest Makes Change
For just over eight years, the SSTI Weekly Digest has come to you every Friday...first it was by fax, then by e-mail. Starting with this issue, the Digest makes a change and will be distributed each Monday. We believe this change will help you get your week started right...and will give the SSTI staff something to do on the weekend.
People
SSTI welcomes Rhiannon Mehring to its staff as a research associate.
People
The Wright Center for Innovation for Advanced Data Management and Analysis named Charles Walsh as its first president.
Northeast Ohio Foundations Pool $22M for Regional ED
The Fund for Our Economic Future, a new collaboration of Northeast Ohio private, community and corporate foundations to support regional economic development, has secured more than $22 million in commitments and is expected to grow to $30 million. Launched last week, the fund is believed to be the largest and most comprehensive philanthropic collaboration of its kind in the U.S.
Assessing Incubator Performance: NBIA Releases Toolkit to Aid Impact Measurement
As with every public policy or program to promote economic development, TBED initiatives can fall victim to critics’ concerns regarding the value of these approaches if performance measurement is not an integral component of your efforts. Fair assessment of impact, though, remains a thorny issue for many TBED strategies because of the early stage of investment (e.g. support for university research, entrepreneurship education or even seed capital).
SSTI Welcomes Newest Members
The following recently became SSTI affiliates or supporters:
Feeling out of the loop? Here's how to get in the loop...
Membership in SSTI allows access to the most extensive network of current and past practitioners, academics and policymakers who are attempting to speed commercialization and encourage innovation.
Joining SSTI places your organization with today’s TBED leaders. SSTI connects you to active members in 46 states, Puerto Rico and Canada, enabling you to share experiences and best practices with your peers from across the continent.
Ohio Governor Wants $1B for Energy Tech
Coming a little late in the year to be included among our Tech Talkin’ Govs series (see Digest issues for Jan. 8, 15 and 29 and Feb. 19), Ohio Gov. Ted Strickland delivered his first State of the State Address on Mar. 14. Below are excerpts from his address calling for a $1 billion investment in alternative and renewable energy technologies over four years.
SSTI: Working to Provide You with the Information You Need to Succeed
SSTI serves as the TBED community’s go-to resource and strategic partner when dealing with TBED issues. SSTI’s unique ability to address the information needs of its members comes from the fact that SSTI’s staff and board have been “in the trenches” of technology-based economic development. SSTI’s president, vice president and board members, including former Governors John Engler of Michigan and Michael Dukakis of Massachusetts, have more than two decades’ of direct policy development and service delivery experience.
People
Dan Lohymeyer has stepped down as president of Ohio's IT Alliance.
People
The new executive director of the Center for Regional Economic Issues is Edward Morrison.
SSTI Weekly Digest Takes August Recess
The SSTI Weekly Digest will be taking a brief summer break and will resume publication on Friday, August 22.
People
Jesse Jones is the new CEO of Ohio's IT Alliance. Jones formerly was chief technology officer of the City of Columbus.
People
Tony Brown, director of the Community Development Financial Institution (CDFI) Fund at the U.S. Treasury Department, announced his resignation effective Feb. 27, to become chief executive officer of the Uptown Consortium in Cincinnati.