Economic Contribution of Tech Transfer Professionals Recognized in AUTM Report
Although universities are not always at the forefront of the discussion on job creation and economic activity, they saw a sizable increase in licensing and startup activity during FY12, according to a survey by the Association of University Technology Managers (AUTM). Respondents reported $36.8 billion in net product sales from licensed technologies and startup companies from 70 of the surveyed institutions employed over 15,000 full-time employees. Highlights from the survey are available now, and the full report is set to release at the end of the year.
Ben Franklin Technology Partners Generating Returns to the State and Community
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.
Median Household Income Increases First Time Since 2007
The U.S. Census Bureau announced on Tuesday that median household income increased to $56,516 in 2015, a jump of 5.2 percent from the 2014 median income of $53,718 and the first increase since 2007. However, real median household income in 2015 was 1.6 percent lower than in 2007, the year before the Great Recession, and 2.4 percent lower than the median household income peak, which occurred in 1999.
Evaluation finds TEDCO programs have strong economic benefit
TEDCO’s current portfolio of assisted companies has grown to 326 companies and more than 3,100 jobs, according to an economic impact report by the University of Baltimore’s Jacob France Institute and TEConomy Partners. TEDCO was created by the Maryland State Legislature in 1998 to facilitate the transfer and commercialization of technology from Maryland’s research universities and federal labs into the marketplace.
TEDCO’s current portfolio of assisted companies has grown to 326 companies and more than 3,100 jobs, according to an economic impact report by the University of Baltimore’s Jacob France Institute and TEConomy Partners. TEDCO was created by the Maryland State Legislature in 1998 to facilitate the transfer and commercialization of technology from Maryland’s research universities and federal labs into the marketplace. The direct Maryland economic activity generated by these core programs totaled nearly $900 million in 2018, a considerable increase from the $572.3 million in economic activity reported in 2015. Of all TEDCO programs, the Seed Investment Fund has the largest direct impact, accounting for more than half of all employment and direct economic activity.
Rev1 Ventures reports $5.4B impact over last 10 years
Rev1 Ventures, an investor startup studio in Columbus, Ohio, that combines capital and strategic services to help startups scale and corporations innovate, recently released its 2023 Startup Impact Report. The report notes the entrepreneurs they supported last year raised $390 million in capital with 34 raising pre-seed capital, 16 seed capital, and 19 early-stage capital. The clients generated $192 million in revenue and created or retained 1,013 jobs.
JumpStart reports $1.6 billion in economic impact on Ohio in 2023
The recently released annual impact report from JumpStart, a Northeast Ohio-based venture development organization celebrating its 20th anniversary this year provides one of the latest examples of the out-sized economic and social benefits states and regions receive by making sustained investments in well-designed nonprofit, public-private TBED initiatives supporting innovation-driven entrepreneurs.
Strategies for developing impactful annual reports—Part 4
NOTE: The nation's community of technology-based economic development organizations is in its annual report season, and we've already seen several releases from SSTI members. All document TBED's impact on advancing research, moving it to market, and helping businesses improve their profitability and competitiveness.
Strategies for developing an annual report—Part 1
NOTE: The nation’s community of technology-based economic development organizations has entered annual report season, and already we've seen several released from SSTI members. All document the impact TBED can have for advancing research, moving it to market, and helping businesses improve their profitability and competitiveness.
Strategies for developing an annual report—Part 2
NOTE: The nation's community of technology-based economic development organizations has entered annual report season, and we've already seen several releases from SSTI members. All document the impact TBED can have on advancing research, moving it to market, and helping businesses improve their profitability and competitiveness.
Strategies for developing impactful annual reports—Part 3
NOTE: The nation's community of technology-based economic development organizations has entered the annual report season, and we've already seen several releases from SSTI members. All document TBED's impact on advancing research, moving it to market, and helping businesses improve their profitability and competitiveness.