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Week of October 3 - 7, 2005


Welcome to the National Dialogue on Entrepreneurship, an initiative of the Public Forum Institute made possible by a grant from the Kauffman Foundation of Kansas City. Through NDE-news, we bring you short summaries and analyses of various trends driving the innovation economy. Subscribe now to receive your weekly copy. Archived issues are available online. Links to the day's entrepreneurship stories from across the nation and around the world are posted each weekday on the NDE main page - bookmark it and stay informed about the latest entrepreneurship news.


Linking Ideas and Innovation

On the opening day of the Advancing Innovation and Entrepreneurship conference, the Kauffman Foundation unveiled its iBridge program – a sort of matchmaking service in the field of technology transfer. The conference, cosponsored by the Technology Transfer Society, gathered more than 175 academics, tech transfer officials and economic development professionals to improve the relationship between researchers and entrepreneurs.

While the total number of innovations moving from university laboratories to the marketplace has risen considerably over the last 25 years, they are concentrated in only a handful of research institutions. Meanwhile, a great deal of promising research is either overlooked or bottle-necked in overburdened technology transfer offices throughout the U.S. iBridge is a web-based application that allows researchers to post their discoveries in an online database designed to increase awareness of that research and facilitate direct exchanges with entrepreneurs who can move those ideas into practical use. The expectation is that this will lead to an increased number of entrepreneurial ventures throughout the country.

iBridge will be piloted by a select group of universities, including Washington University in St. Louis, University of North Carolina, Cornell University, Wisconsin Alumni Research Foundation, and the University of Kansas. It is expected that a total of seven U.S. universities will participate in the initial pilot in the coming months. For more information, visit www.innovationbridge.org.


Wisconsin Growing Through Entrepreneurship

Wisconsin Governor Jim Doyle is big on entrepreneurship, and he’s backing this commitment with major resources via his Grow Wisconsin initiative. First begun in 2003, Grow Wisconsin is a series of initiatives that involve a comprehensive approach to promoting innovation and entrepreneurship. Last week, Doyle recently announced an update to the original plan and laid out an aggressive agenda for 2005. Nearly all of the state’s key government agencies are involved, and the initiatives include programs related to housing, health care, workforce development, and education, among others. But, the plan’s primary goals for 2005 are to invest in people and in business, and to improve Wisconsin’s business climate. Among the newly announced programs are:

  • Establishing a pilot early stage investment fund for firms seeking investments in the range of $2.5-$4 million.

  • Authorizing $30 million in bonding authority to fund new business incubators.

  • Revising state legislation to make it easier for university professors to start businesses while remaining in the university system.

  • Hiring a Rural Entrepreneurship specialist to assist Wisconsin’s farmers in developing new business opportunities.

To view Grow Wisconsin: The 2005 Agenda, visit
http://www.wisgov.state.wi.us/docview.asp?docid=4787&locid=19


Responding to Katrina and Rita: More Help for Small Business

Congress has spent the last two weeks looking at dozens of new initiatives to assist small business owners hurt by hurricane Katrina, and now hurricane Rita. Their work is not yet done, but it’s clear that billions will be devoted to reconstruction. And, small business owners will not be left out of the mix. Senator Olympia Snowe (R-ME), Chair of the Senate Committee on Small Business and Entrepreneurship, has been leading this charge. Her amendment to the FY 2005 Commerce-State-Justice appropriations bill, which has been passed in the Senate, includes an additional $595 million in support for hurricane victims. She has also introduced a free-standing bill (identical to her amendment), the Small Business, Homeowners and Renters Disaster Relief Act of 2005 (S. 1724). Among other things, the plan increases the maximum size of Small Business Administration (SBA) disaster loans from $1.5 million to $10 million, permits a 12-month deferral of loan payments, and expands funds for various SBA programs, including small business development centers, the 7(a) loan program, and the 504 loan program. While this plan is not the last word, most observers expect some version of this proposal to be enacted into law.

To learn more about these Congressional initiatives, visit the web page of the Senate Committee on Small Business and Entrepreneurship at http://sbc.senate.gov


Entrepreneur Magazine: Best Places for Business

Entrepreneur Magazine is out with its annual list of best cities and towns for entrepreneurs. Entrepreneur’s rankings are based on measures of new business formation and business growth. The top five large cities are Phoenix (AZ), Charlotte (NC), Raleigh-Durham (NC), Las Vegas (NV), and Indianapolis (IN). Filling out the top five for midsize cities are El Paso (TX), Tuscon (AZ), Birmingham (AL), Charleston (SC), and Mobile (AL).

“Hot Spots,” by Mark Henricks, appears in the October 2005 issue of Entrepreneur magazine and on-line at www.entrepreneur.com/bestcities.


College Rankings: A New Look

Last week, we noted the Wall Street Journal’s annual ranking of the best business schools. A new ranking methodology from Washington Monthly offers an interesting and different twist on how to look at America’s best colleges and universities. Instead of assessing schools based on SAT scores and other traditional measures, Washington Monthly opted to examine schools based on their positive contributions to our society. Their rankings are based on three measures: 1) Community service (e.g. number of students enrolled in ROTC or participating in community service projects), 2) Research (e.g. total R&D spending, and number of science and engineering Ph.Ds), and 3) Social Mobility (e.g. school’s performance in attracting and graduating low-income students). Many of the big research universities continue to score well on these new measures. The top five schools are (in order): Massachusetts Institute of Technology, University of California-Los Angeles, University of California-Berkeley, Cornell, and Stanford. Wellesley, Wesleyan, and Bryn Mawr rank as the top liberal arts colleges.

“The Washington Monthly College Guide” appears in the September 2005 issue of the Washington Monthly and is available on-line at:
http://www.washingtonmonthly.com/features/2005/0509.collegeguide.html


National Economic Development Awards Show Potential of Entrepreneurship

Last week, the US Economic Development Administration (EDA) presented awards to some of the nation’s most innovative economic development initiatives. These programs covered a lot of regions and programs, but several of the winners had a strong emphasis on promoting entrepreneurship.

  • Florida Small Business Development Center (SBDC) Network: Florida’s SBDC Network was recognized for its timely and effective support for entrepreneurs affected by four hurricanes that struck Florida in 2004. Many of the lessons learned from this experience are now being applied in efforts to help those affected by Hurricanes Katrina and Rita. (www.floridasbdc.com)

  • Greater Louisville Inc.: The High Impact Program, sponsored by Greater Louisville (KY) Inc., targets high growth companies. It assists these firms with a comprehensive suite of services in areas such as real estate, access to capital, workforce development, and related areas. http://www.greaterlouisville.com/highimpactprogram/

  • Sandia Science and Technology Park (NM): The park was recognized for excellence in supporting technology-based businesses. (www.sstp.org)

To view the full list of the 2005 Economic Development Administration Excellence in Economic Development Award winners, visit http://www.eda.gov/NewsEvents/ExcellenceAwards.xml


Kauffman Foundation    The Public Forum Institute

National Dialogue on Entrepreneurship
2300 M Street, NW; Suite 900
Washington, DC 20037

Mark Marich, Editor

All stories © 2005 The Public Forum Institute
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