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University of Wyoming


February 25, 2008

Wyoming SBIR/STTR Initiative (WSSI) Newsletter
No. 03-08
(Past Newsletter Issues)

This Wyoming SBIR/STTR Initiative (WSSI) Newsletter is available in its entirety at http://www.uwyo.edu/sbir/newsletter/nwsltr_080225.htm.

It is published by the Wyoming SBIR/STTR Initiative (WSSI). Please visit our website at www.uwyo.edu/sbir for complete program information (including links to participating federal agencies, support agencies, conferences, archives of this newsletter, etc.) Contact WSSI@uwyo.edu to be added to or removed from the Distribution List for this newsletter.

SOLICITATION COUNTDOWN

WSSI Phase 0: due 5:00 p.m., 3/1/08; 5 days – submit to WSSI@uwyo.edu
DoD STTR Contracts: due 3/19/08 - 24 days
HHS/NIH 2008 SBIR/STTR Grants: due 4/5/08 - 41 days
DOT:  To Be Released 3/14/08; due 5/1/08 - 67 days
EPA: To Be Released 3/12/08; due 5/14/08 - 80 days
NSF: To Be Released 3/10/08; due 6/10/08 - 107 days
2007 SBIR/STTR SOLICITATION RELEASE SCHEDULE  – All Agencies; Courtesy of ZYN Systems at www.zyn.com

CONTENT

1.0 Congratulations To Our February Phase 0 Award Winners
2.0 SBIR Program At Great Risk of Not Being Reauthorized
3.0 SBIR Reform Debate Begins
4.0 Utah Increases Entrepreneur Fund to $300 Million
5.0 VCs Navigate Carnage Scenario With Green Tech
6.0 Tracking Innovation in the American Economy
7.0 Ethanol: More Harm Than Good?
8.0 Come Home to Kansas Initiative Seeks to Lure Back High Tech Workers
9.0 Venture Capital: Is It Right For You?
10. New Jersey Incubators Struggle to Keep Companies in State
11. Acknowledgements and Publication Information

1.0 Congratulations to our February phase 0 award winners

Firehole Technologies, Laramie
Principal Investigator: Jared Stack
Email: stackj@fireholetech.com
Phase 0 Title: Initial Failure Prediction of Hybrid Composites using Multicontinuum Technology
Phase I Target:  Air Force

Square One Systems Design, Inc., Jackson
Principal Investigator: Robert Viola
Email: viola@sqr-1.com
Phase 0 Title: An Automated Workcell for Malaria Diagnosis
Phase I Target: DoD-Army

WyoBiGen, Laramie
Principal Investigator: Randy Lewis & Justin Jones
Email:  silk@uwyo.edu and jajones@uwyo.edu
Phase 0 Title: Validation of Protein biomarkers for prion diseases
Phase I Target: DoD-Army

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2.0  SBIR Program AT Great Risk of Not Being Reauthorized

The current SBIR program Congressional authorization expires on September 30, 2008. The latest SBIR Insider newsletter, published by Rick Shindell of ZYN Systems www.zyn.com features the alarming warning that the SBIR program reauthorization may be a victim of a Congress with too many election-year distractions to get around to dealing with this critically important legislation. Wyoming’s SBIR client base must rally to the cause, and has available an important avenue to bring pressure to bear on the U.S. Senate Committee on Small Business & Entrepreneurship – our Senator Enzi is an influential member of this committee and needs to hear from all of us on this important issue. Send your concerns and comments to Travis Jordan travis_jordan@enzi.senate.gov, Enzi’s Washington office staffer for small business issues.
For further info, go to http://www.zyn.com/sbir/insider/sb-insider02-11-08.htm

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3.0  SBIR Reform Debate Begins NDE News

For years, the Small Business Investment Research (SBIR) program has been a key component in ensuring that entrepreneurs can provide critical products, services and technologies to America’s government agencies. This year, the program, which requires Federal agencies to set aside a portion of R&D funds for contracts with small business, is up for reauthorization. Last week, the House Committee on Small Business held its first hearings on the future of SBIR. While the debate has just begun, Congress will be reviewing many different aspects of the SBIR program. Key points of debate include:

• Should program funding and individual project sizes be increased?
• Should the program fund companies that are owned by venture capital investors?
• How can participating firms be assisted to more effectively enter new commercial markets?
• How can Federal agencies encourage more entrepreneurs to participate in the program?

Last week’s hearings were the beginning of what should be an interesting Capitol Hill debate on the future of SBIR and the role of small companies in the Federal R&D enterprise.

View testimony from the January 29, 2008, House Committee on Small Business Hearings on “SBIR: America’s National Technology Development Incubator.”
Watch video highlights on YouTube

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4.0  Utah increases Entrepreneur fund to $300 million NASVF NETNEWS

The Utah Fund of Funds (Utah FoF), a major economic development program created by the Utah Legislature to provide the state’s entrepreneurs with access to a broad array of quality funding sources, has announced that recent legislation, Senate Bill 11, Substitute I, has expanded the program by $200 million – from $100 million to $300 million. Utah Governor Jon M. Huntsman is expected to sign the bill into law next month:
Utah Business Magazine

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5.0  VCs navigate carnage scenario with green tech NASVF NetNEWS

 Over the past four years, venture capitalists have tossed huge amounts of cash at "green-tech" startups. The green, er, field has become saturated with speculative funding, rivaling even the two mainstays of Valley vulture capitalists: IT and life sciences. What was once the domain of well meaning, but ultimately dirt poor entrepreneurs is oh so hot right now. Some predict green tech funding will even out pace internet startup funding in 2008:
The Register

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6.0 tracking innovation in the American economy NASVF NetNEWS

The US Department of Commerce reports upon its conclusions of definitions and methods for measuring innovation. The definition of innovation agreed upon:
"The design, invention, development and/or implementation of new or altered products, services, processes, systems, original structures or business models for the purpose of creating new value for the customers and financial returns for the firm."

US Department of Commerce

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7.0 ethanol: more harm than good?  NASVF NetNEWS

Renewable fuels such as ethanol have long been hailed as a cleaner-burning alternative to fossil fuels and a potent way to reduce the climate-changing gases pumped out of car tailpipes. The 2007 Energy Act signed by President Bush last December doubles the nation's use of corn-based ethanol. Ethanol production in Minnesota, a pioneer of the technology, is expected to double during the next three years. But research by Minnesota scientists is challenging the underpinnings of the biofuel rush. Ethanol and similar products may do more harm than good because of the changes they bring to the landscape, some scientists say:
Minneapolis Star Tribune

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8.0 come home to Kansas initiative seeks to lure back high tech workers  NASVF NetNEWS

Kansas leaders want scientists and high-tech workers who once wrote off career prospects in their home state to take another look. A burgeoning cluster of bioscience and other high-tech ventures ranging from startups to established corporations such as Garmin and Perceptive Software are actively seeking top talent:
Kansas City Star

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9.0 venture capital: is it right for you?  NASVF NetNEWS

Not every company is a candidate for venture capital. Outside equity, whether from family, friends, so called "angels," or institutional investors like venture capitalists, always has strings attached. If your company is a lifestyle business or one in which the main goal is to generate personal income, or if it is a company that you would like to pass along to family members, then outside equity probably isn't your best choice:
Carlsbad Current-Argus

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10.0 New Jersey incubators struggle to keep companies in state  NASVF NetNEWS

Business incubators are “a way of increasing the chance of success for small companies,” says Michel Bitritto, president of the New Jersey Business Incubation Network, a Newark-based consortium of 14 business incubators recognized by the state’s Commission on Science and Technology. Out-of-state investors, however, are posing a threat by snapping up promising young New Jersey companies. Many venture capitalists invest in startups, but then require the companies to relocate in order to be more closely managed, Bitritto explained. At the EDC, nearly 40 percent of incubator graduates that have received funding from venture capital or angel investors in the past two years have moved out of the state:
NJ Biz.Com

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11.0 ACKNOWLEDGEMENTS AND PUBLICATION INFORMATION

TO BE ADDED TO OR REMOVED FROM THE DISTRIBUTION LIST FOR THIS NEWSLETTER, SEND NAME, ADDRESS, PHONE NUMBER, AND EMAIL ADDRESS TO WSSI@uwyo.edu

This newsletter is published monthly as part of the Wyoming SBIR/STTR Initiative (WSSI). The mission of the Initiative is to increase the number of federal Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Program awards to Wyoming. The Wyoming Business Council (WBC) funds the initiative which is administered by the University of Wyoming Research Office. Please contact Gene Watson ewatson@wyoming.com with your comments.

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END