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Type

  • weekly_digest (402)
Displaying 326 - 350 of 402
Authored on

VC Funding Declines in Q3 2014, Reports Examine VC Trends in OH, OR, PA

Thursday, October 16, 2014

In Q3 2014, venture capital (VC) investments in the U.S. dropped by 30 percent from Q2 totals, according a new report from CB Insights. Q3 VC deal levels also dropped by 10 percent from Q2 totals. The severe drop, however, can be attributed to Q2 being the most successful VC quarter since Q1 2001. The good news is that the first three quarters of 2014 saw the U.S. VC investment total reach $33.75 billion – an increase of 59 percent compared to the first nine months of last year.

  • Read more about VC Funding Declines in Q3 2014, Reports Examine VC Trends in OH, OR, PA

Universities, Public-Private Partners Launch Commercialization Funds in IN, LA, PA, WA

Thursday, October 23, 2014

Purdue University, the University City Science Center, and Washington State University announced the creation of new investment funds to support the growth of university-affiliated startups in their respective communities. These three recently announced commercialization funds all share a common trend – they will be managed or assisted in the management process via public-private partnerships.

  • Read more about Universities, Public-Private Partners Launch Commercialization Funds in IN, LA, PA, WA

Detroit, Pittsburgh Boast Tech Economy Gains

Thursday, April 3, 2014

Groups in the greater Detroit and Pittsburgh regions recently released reports documenting the progress these metros have made over the past few years in building thriving technology economies. Detroit’s Automation Alley found that tech industry employment in the region grew by 15 percent in 2011, outpacing growth in all of the other 14 regions used as benchmarks in the study.

  • Read more about Detroit, Pittsburgh Boast Tech Economy Gains

TBED People & Orgs

Thursday, April 3, 2014

Maria Contreras-Sweet has been confirmed as the administrator of the Small Business Administration.

Larry Ferguson has been chosen as the vice chancellor for economic development and workforce solutions at Kentucky Community College and Technical System.

  • Read more about TBED People & Orgs

WA Life Sciences Community Steps up to Help Save Grant Fund

Tuesday, April 8, 2014

Pointing to the growth potential in jobs and health within the life sciences industry sector, Gov. Jay Inslee vetoed a $20 million cut in funding to the nine-year-old Life Sciences Discovery Fund (LSDF), allowing the fund to honor existing commitments and proceed with the 2013-14 Proof of Concept grant program and Entrepreneur Mentoring grant program. The state’s budget director David Schumacher said the sheer volume of letters from biotech companies in support of saving the fund carried weight in the governor’s decision, reports The Olympian.

  • Read more about WA Life Sciences Community Steps up to Help Save Grant Fund

Govs Focus on Education in AL, LA, OK, PA, TN Budget Proposals

Thursday, February 18, 2016

SSTI’s analysis of gubernatorial addresses, strategic plans and budget proposals continues this week with highlights from Alabama, Louisiana, Oklahoma, Pennsylvania and Tennessee. Governors are facing difficult fiscal situations in several of these states, often scaling back tech-based economic development efforts. Tennessee Gov. Bill Haslam, however, is using a fiscal surplus to invest in higher education and regionally focused economic initiatives.

Alabama

  • Read more about Govs Focus on Education in AL, LA, OK, PA, TN Budget Proposals

17 Governors Sign Accord to Promote Clean Energy, Economic Prosperity

Thursday, February 25, 2016

A bipartisan group of 17 governors signed the Governors’ Accord for a New Energy Future – a joint commitment to support the deployment of renewable, cleaner and more efficient energy technologies and other solutions to make the U.S. economy more productive and resilient as well as spur job creation in member states.

  • Read more about 17 Governors Sign Accord to Promote Clean Energy, Economic Prosperity

Pennsylvania budget becomes law despite stalemate

Thursday, July 27, 2017

On July 11, without Gov. Tom Wolf’s signature, Pennsylvania’s budget (HB 218) for FY 2018 became law. State lawmakers, however, are still in the midst of a stalemate over how to pay for a nearly $32 billion budget.

On July 11, without Gov. Tom Wolf’s signature, Pennsylvania’s budget (HB 218) for FY 2018 became law. State lawmakers, however, are still in the midst of a stalemate over how to pay for a nearly $32 billion budget. While Wolf and other Democratic leaders prefer increasing revenue through tax reform, Republican leaders are focusing on other alternatives including a bond effort and expansions of gambling to address the over $2 billion shortfall.

  • Read more about Pennsylvania budget becomes law despite stalemate

States scramble to negotiate final budgets; DE, LA, ME, MO, NH, VT and WA reviewed for innovation funding

Thursday, July 6, 2017

With a July 1 start to the fiscal year in most states, several states that were at an impasse over their budget faced at least partial shutdowns. Last minute negotiations restarted services in both Maine and New Jersey, while Illinois, which has been operating without a budget since 2015, faces threats of a downgrade in their credit rating if a deal cannot be reached. This week we present our findings of innovation funding from seven states, including $2 million in funding for a new public-private economic development organization in Delaware, an increase in funding in Louisiana for the state’s scholarship program for higher ed, and cuts to higher ed funding in Missouri, which also saw a severe drop in its funding to the Missouri Technology Corporation. Efforts in Maine, New Hampshire, Vermont and Washington are also detailed below.

  • Read more about States scramble to negotiate final budgets; DE, LA, ME, MO, NH, VT and WA reviewed for innovation funding

Economic Development Leader Rich Lunak Joins SSTI Board

Friday, February 7, 2014

Rich Luank, President & CEO of Innovation Works, recently was elected to the State Science and Technology (SSTI) Board of Trustees. Lunak will assist in providing strategic guidance and oversight of SSTI’s operations as the group works to encourage economic growth through science, technology and innovation.

  • Read more about Economic Development Leader Rich Lunak Joins SSTI Board

People on the Move & TBED Organization Updates

Friday, February 14, 2014

Patrick Gallagher has been named the 18th chancellor and chief executive officer of the University of Pittsburgh. Gallagher currently serves as acting deputy secretary of the U.S. Department of Commerce and director of the National Institute of Standards and Technology.

  • Read more about People on the Move & TBED Organization Updates

People On The Move

Thursday, February 27, 2014

John Sider has accepted a position with Pennsylvania State Senator Vincent Hughes and the PA Senate Democratic Caucus to work on economic development policy and projects, effective April 1. Currently, Sider is the managing director of statewide initiatives at Ben Franklin Technology Partners.

Vic Nole has joined the Buffalo Niagara Medical Campus, Inc. as director of business development and entrepreneurial activity.

  • Read more about People On The Move

PA, WI, NY, CA Universities Launch Initiatives to Fuel Entrepreneurial Economy

Thursday, March 13, 2014

In an effort to help spur economic prosperity, several universities recently have unveiled new initiatives to connect potential entrepreneurs with university resources and help integrate the entrepreneurs into their region’s innovation ecosystem. The Blackstone Charitable Foundation also announced it will expand LaunchPad, a university-led entrepreneurship program, to a partnership that includes three universities in Southern California.

  • Read more about PA, WI, NY, CA Universities Launch Initiatives to Fuel Entrepreneurial Economy

WA Legislature Dismantles Longstanding TBED Initiative, Reduces Funds for Research

Thursday, March 20, 2014

Just three years ago, lawmakers in Washington put into place a research and commercialization initiative designed as a public-private model to build on the work of two longstanding agencies and better serve the state’s innovation community. The program, Innovate Washington, was eliminated in the legislature during the 2014 session with the passage of HB 2029 and its responsibilities transferred to the state’s Department of Commerce. Funding to support research grants under the Life Sciences Discovery Fund is reduced in the supplemental budget agreement passed by lawmakers. Gov. Jay Inslee has until April 5 to act on the legislation.

  • Read more about WA Legislature Dismantles Longstanding TBED Initiative, Reduces Funds for Research

States Pass Innovation-Focused Legislation

Wednesday, March 26, 2014

Investments and policy to support innovation-focused agendas have flourished with the close of the 2014 legislative sessions in several states. Crowdfunding legislation, incentives for attracting talent, higher education affordability, punishing patent trolls, and encouraging greater accountability are some of the areas where lawmakers focused their efforts.

  • Read more about States Pass Innovation-Focused Legislation

Ben Franklin Technology Partners Generating Returns to the State and Community

Wednesday, June 5, 2013

Ben Franklin Technology Partners (BFTP), Pennsylvania's tech-based economic development program, released a joint study by the independent Pennsylvania Economy League and KLIOS Consulting, which determined the economic impact of the organization between 2007-2011. These numbers aggregate the impact of the four regional Ben Franklin Technology Partners.

  • Read more about Ben Franklin Technology Partners Generating Returns to the State and Community

KS, GA, NC and WA look to Increase Small Business Capital Using Securities Exemptions

Wednesday, June 12, 2013

Since 2011, three states (Kansas, Georgia and North Carolina) have enacted securities exemptions that allow their state's entrepreneurs and small businesses to raise up to $1 million dollars via the sale of securities to residents of the state — Washington lawmakers introduced similar legis

  • Read more about KS, GA, NC and WA look to Increase Small Business Capital Using Securities Exemptions

States Position Themselves to Compete in Domestic Drone Industry

Wednesday, June 12, 2013

While public debate rages over the role of surveillance in our society, one particularly infamous government surveillance technology, drones, is being prepared for private sector deployment in the U.S. Drone-related technologies are predicted to revolutionize commerce in the U.S., with industry projections valuing their initial deployment as an $82 billion boost to the national economy.

  • Read more about States Position Themselves to Compete in Domestic Drone Industry

Pennsylvania To Invest $100M in Tech Startups

Wednesday, July 10, 2013

According to the Philadelphia Business Journal, Pennsylvania Gov. Tom Corbett has signed off on the creation of a new program, InnovatePA, which will auction off $100 million in tax credits to generate state revenue that will be invested in the funding of tech and biotech startups.

  • Read more about Pennsylvania To Invest $100M in Tech Startups

STEM at the Forefront of States’ Education Policy

Wednesday, July 17, 2013

States across the U.S. are directing their attention to science, technology, education and technology (STEM) education, and already have passed a plethora of new initiatives in the current legislative session.  These programs are directed at various levels of education including primary education and higher education, with one program specifically designated for the state’s community colleges. A number of states have created STEM advisory councils under the governors’ offices, following the lead of Iowa and Massachusetts.

  • Read more about STEM at the Forefront of States’ Education Policy

Lawmakers Move to Support Workforce Training, Strengthen Industry Clusters

Wednesday, July 17, 2013

At the close of many recent legislative sessions, states across the country moved to strengthen their high-tech workforce while supporting industry cluster development.

  • Read more about Lawmakers Move to Support Workforce Training, Strengthen Industry Clusters

PA Higher Ed Modernization Act to Boost University Role in Regional Development

Wednesday, July 11, 2012

Pennsylvania Gov. Tom Corbett has signed off on a series of bills intended to give state-owned universities more flexibility in working with regional businesses and creating new advanced degree programs. The bills are collectively known as the Higher Education Modernization Act and apply specifically to the Pennsylvania State System of Higher Education (PASSHE), which is the nation's tenth largest state university system, incorporating Pennsylvania's 14 state-owned institutions.

  • Read more about PA Higher Ed Modernization Act to Boost University Role in Regional Development

Tech Talkin' Govs: Part V

Wednesday, February 8, 2012

The fifth installment of SSTI's Tech Talkin' Govs' series includes excerpts from speeches delivered in Ohio, Oklahoma and Pennsylvania. The first four installments are available in the Jan. 11, Jan. 18, Jan. 25, and Feb. 1 editions of the Digest. Ohio Gov. John Kasich, State of the State Address, Feb. 7, 2012 "And today I want to tell you about the best technology resource that you've never heard of. It's buried underground in Ohio. This will set us apart from every other state in America. "It's beyond high speed Internet.

  • Read more about Tech Talkin' Govs: Part V

NSF Awards $74M for Engineering Research Centers

Wednesday, August 17, 2011

The National Science Foundation (NSF) has announced that it will award $74 million total for the creation of four interdisciplinary research and education centers as part of the third generation of NSF Engineering Research Centers. In addition to their primary focus on commercialization and education, these centers will emphasize innovation, entrepreneurship, small business collaboration, and international partnerships. For the first time, two of the ERCs will be co-funded by the Department of Energy.

  • Read more about NSF Awards $74M for Engineering Research Centers

Incubator Round Up

Thursday, August 11, 2011

Spending time at a technology or business incubator may be the key to learning about entrepreneurship. Some universities, seeking to ramp up entrepreneurship programs, are turning to incubators as real-world teachers.

  • Read more about Incubator Round Up

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