The National Science Foundation (NSF) has invested $10 million to fund the first year of new Engineering Research Centers (ERCs) in Georgia, Hawaii, Maryland, South Carolina and Virginia. Each of the five centers will receive $2 million in the first year from the NSF, leveraged by support from industry, state governments and partnering universities. NSF will support the centers for five years, after which the support agreement is subject to renewal.

PricewaterhouseCoopers recently announced that venture capital investments in the third quarter of 1998 set an all-time high of $3.77 billion, just slightly above the previous record of $3.73 billion set last quarter despite the current stock market turmoil. Compared to the third quarter of 1997, investments increased 29% over the $2.92 billion reported one year ago.

The long-time executive director of the New Jersey Commission on Science and Technology, Jay Brandinger, recently announced his decision to resign as Executive Director of the New Jersey Commission on Science and Technology. Consequently, the Commission is seeking an Executive Director.

Technology 2020, a public-private partnership, is seeking a Director of New Business Development. Technology 2020is supported by a number of large corporate "technology partners" in the Knoxville/Oak Ridge Area of east Tennessee. Technology 2020's primary objective is to leverage talent and reputation of the Oak Ridge National Laboratory and grow new technology businesses that will create new jobs and help diversify the economy of the region.

The omnibus spending bill signed into law last week also includes extensions of several tax credits, including the Research and Experimentation Tax Credit which expired on June 30 of this year. The R&E Tax Credit is now in effect, retroactively, for the period from July 1, 1998, to June 30, 1999.

Maine and Oklahoma voters both approved ballot initiatives designed to encourage technology-based economic development, while voters in other states elected 13 new governors. Eight legislative chambers also switched control.

November 17, 1998

The National Association of Seed Venture Funds is sponsoring a seminar entitled "Seed Investing as a Team Sport" to be held in Des Moines. The purpose of the seminar is to expand the attendees' understanding of business investing, help locate a team of like-minded investors in the region, and provide new tools to help optimize investment dollars. For more information, visit NASVF's website at http://www.nasvf.org

The Department of Energy has been unable to demonstrate that it can effectively manage the reform of its national laboratory system, the General Accounting Office (GAO) says in a new report. Consequently, GAO recommends that Congress consider alternatives to the present relationship between DOE and the laboratories. In response to on-going congressional concerns about DOE’s progress in making systemic changes, GAO evaluators were asked to:

California is considering expanding its network of Regional Technology Alliances (RTA), which is a component of the Goldstrike Partnership. The Goldstrike Partnership, a program of the California Trade and Commerce Agency's Office of Strategic Technology (OST), supports the development, application, and commercialization of technology to create jobs, respond to industry changes, and foster competitiveness.

Nearly 70,000 manufacturers received services from the Manufacturing Extension Partnership (MEP) from July 1995 through December 1997, according to a new report released by MEP.

Two of the state-wide issues Oklahomans will decide on November 3 would allow major changes in the way the state conducts technology transfer activities. The purpose of the initiatives is to promote the commercialization of university research and support university innovation.

A new report issued by the Council on Competitiveness maintains that the U.S. must have a strong, sustained commitment to investment in science and technology to maintain its global competitiveness. In Going Global: The New Shape of American Innovation, the Council focuses on support for basic research, the need for a skilled talent pool, and favorable legal, regulatory and accounting rules to promote U.S. innovation as three key factors for innovation.

Mainers will vote on Election Day on a research and development bond issue that if passed would allocate $20 million to improve the Maine economy by supporting innovative research and development in the fields of biotechnology, computers and other information technology, aquiculture and marine technology, forestry and agriculture, and advanced materials.

If passed, funding from the bond issue would be allocated to the following:

Eisenhower Exchange Fellowships announces a competition for U.S. citizens in leadership positions with significant professional experience (10-20 years) for Fellowships to:

"State-based organizations have considerable advantages over the federal government in assisting in the commercial development of new technologies including their proximity to the firms that will actually employ new technologies, their close relationships with local university systems, and their ability to focus their efforts," says an extensive policy study recently completed by the U.S. House Science Committee.

The National Institute of Standards and Technology’s (NIST) Advanced Technology Program (ATP) has issued a request for public comment on several changes to ATP rules.

The State Science and Technology Institute 1998 Annual Conference, "Science & Technology Programs: Catalysts for Economic Growth," was a success with over 100 S&T professionals from 30 states and the District of Columbia attending. The conference, which was held in

States spent more than $3 billion on research and development in fiscal year 1995, according to a new National Science Foundation-funded report. The report, the most thorough study ever undertaken of state government R&D expenditures, was conducted by Battelle and the State Science and Technology Institute.

Last week President Clinton called on the White House Office of Science and Technology Policy’s National Science and Technology Council (NSTC) to develop recommendations for achieving greater diversity in the United States’ scientific and technical work force.  By 2010, approximately half of America's school-age population will be from minority groups. As stated by the White House, minority participation in science and engineering careers should keep pace with this growing diversity.

Innovative manufacturing, plasma and photon processing, and Internet technology will be the focus of three new Centers of Excellence in Virginia. The Commonwealth of Virginia and Virginia’s Center for Innovative Technology (CIT) recently announced the selection of these three new Centers as the second-generation of CIT’s Technology Development Centers program.

Sue Rhoades, formerly of Delaware, has taken a new position with Pennsylvania's Ben Franklin Partnership as State Coordinator. She will be working with the four regional Ben Franklin Technology Centers on a variety of statewide collaborative and strategic initiatives. The Delaware Economic Development Office (DEDO) is seeking a Manager of Technology Programs to fill Sue’s position. The DEDO is the state agency responsible for economic development in Delaware.

Sue Rhoades, formerly of Delaware, has taken a new position with Pennsylvania's Ben Franklin Partnership as State Coordinator. She will be working with the four regional Ben Franklin Technology Centers on a variety of statewide collaborative and strategic initiatives. The Delaware Economic Development Office (DEDO) is seeking a Manager of Technology Programs to fill Sue’s position. The DEDO is the state agency responsible for economic development in Delaware.

Connecticut Innovations, Inc. recently allocated $20 million of new state funds and $10 million of its own funds to develop biotechnology laboratory space in Connecticut. Connecticut Innovations’ new facilities fund can be administered using a variety of investment vehicles. The fund may offer loan or lease guarantees, enhancing the credit of companies that would not otherwise be able to qualify for leases.

Four industries (aerospace, computers and office machinery, electronics and communications equipment, and pharmaceuticals) are growing at a rate more than twice as fast as other manufactured goods,  thereby driving national economic growth around the world, according  to a National Science Foundation (NSF) Issue Brief, High-Tech Industries Drive Global Economic Activity (NSF 98-319).

The first round of applications for the Experimental Program to Stimulate Competitive Technology (EPSCoT) have been submitted. Eighteen of the nineteen eligible states participated, either by submitting single-state applications or by collaborating with others to produce multi-state applications. In all, 25 applications were received, requesting over $9.4 million in funding.