Deep Water Wind

Tuesday, June 10th, 2008

As Northeast Ohio continues to explore the viability of offshore wind in the relatively shallow waters off Cleveland (creating opportunities to develop lower cost foundations), Europeans are experimenting with a radically new design for deep water wind off the coast of Norway.  From MIT’s Technology Review:

“The notion of floating wind turbines far offshore may have come a nautical mile closer to reality late last month, with the announcement of a collaboration between Norwegian oil and gas producer StatoilHydro and Germany’s Siemens, a major wind-turbine producer. The new partners plan to install what could be the world’s first commercial-scale wind turbine located offshore in deep water. StatoilHydro has allocated 400 million NOK ($78 million) to floating a Siemens turbine in more than 200 meters of water–10 times the depth that conventional offshore wind-turbine foundations can handle–atop a conventional oil and gas platform.”

Click here for the rest of the story.

Ohio Would Benefit From Green Economy

Thursday, June 5th, 2008

From Crain’s:

Sometimes it is easy being green — especially if you are blue-collar.

A report released this week from the Political Economy Research Institute at the University of Massachusetts-Amherst says Ohio’s blue-collar workers stand to benefit from a greener economy.

According to the report, which takes a state-by-state look at job opportunities in a green economy, more than 551,000 jobs in Ohio could see both job growth and wage increases as the state implements global-warming remedies.

The report identifies six types of positions — carpenters, electricians, operations managers, machinists, welders and industrial truck drivers — that could transfer existing blue-collar skills to the manufacture and installation of clean energy equipment.

Click here for the rest of the article.

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Wind Power Picking Up Speed in Great Lakes Region

Tuesday, May 27th, 2008

The Toledo Blade buries the lead on this story so we’ll give it to you here:

“The U.S. Department of Energy claims wind has the potential to produce $80 billion in economic activity and 300,000 jobs for the Great Lakes region.

“‘The potential for wind power generation in the Great Lakes region is enormous,’ Larry Flowers, national technical director of the Energy Department’s Wind Powering America program, said.”The race is clearly on. Will Northeast Ohio carve out a leadership role, or merely wind up a “me too” player?

To read the entire article, click here.

Innovation–UK Style

Tuesday, May 27th, 2008

From SSTI:

As readers know, the

United Kingdom is no slouch in the world’s economy. A steady rise in productivity since 1997, the pound trading at nearly twice the dollar, and the home of some of the world’s top research universities and a global financial center for centuries all attest to the

United Kingdom’s strong economic position.
 
How it is preparing to sustain and expand its competitive position through strategies like those enumerated in the April release of Innovation Nation stands in sharp contrast to

U.S. policies and investments to support science and technology-based growth.
 
For evidence, one needs look no further than the unit of the British government that released the strategy – the UK Department for Innovation, Universities and Skills (DIUS). DIUS has no

U.S. counterpart working to coordinate advanced research investments, workforce preparedness, and tech-based economic development initiatives.

U.S. efforts in these areas are scattered across several agencies and have been perennial targets and often victims for budget.
 
Innovation Nation outlines nearly four dozen specific action items to encourage the permeation of innovation throughout the

United Kingdom. Virtually no element of society is left untouched by the agenda. Highlights of items not being discussed loudly in the

U.S.:

  • For all sectors of business, including the services and creative industries, DIUS will provide innovation vouchers to finance collaboration between 500-1,000 small and medium-sized enterprises and the “knowledge-based institution of their choice.” The department also will ensure finance accessibility at all stages of growth, will double the number of knowledge transfer partnerships between educational institutions and UK businesses, and is training all export and business link staff in advising businesses on management and licensing of intellectual property. It also will develop an international marketing, regulation and research strategies to aid businesses in working in the EU and international markets.
  • For universities, DIUS will continue to expand research investments and broaden knowledge exchange opportunities into the arts and humanities, further develop an online toolkit of model technology transfer agreements, and create an Innovation Research Centre in partnership with several other government agencies.
  • For its citizenry, DIUS will establish at least one national skills academy in every major sector of the economy to design and prepare optimal curricula and approaches for workforce development, create regionally based graduate-level university enterprise networks, and expand apprenticeship and training programs; and,
  • Perhaps most humbly, DIUS calls for the public sector to transform procurement processes to encourage innovation and to develop mechanisms to inspire and reward innovation in breaking down bureaucracy and overly burdensome procedures and regulations.

 

Innovation Nation is available at: http://www.dius.gov.uk/publications/ScienceInnovation.pdf

More Good News Out Of Youngstown

Thursday, May 15th, 2008

Youngstown’s role not only in the economic revitalization of Northeast Ohio but also in the establishment of the “Cleveburgh” Corridor continues to grow.  From Jim Cossler:

We are extremely pleased to announce that Humility of Mary Health Partners (HMHP) has agreed to serve as the Beta site for erisRx, a .NET suite of charge capture tools developed by YBI portfolio company Eris Medical Technologies. HMHP is a region of Catholic Healthcare Partners, the largest health system in Ohio and the seventh largest not-for-profit health system in the United States.

The software provides healthcare revenue management teams, clinical staff, and hospital administration with an automated tool to review patient charges both prospectively and retrospectively, prioritize and trend charge capture opportunities, and more effectively manage the hospital patient charge capture process.

To learn more about this exciting new technology that allows hospitals and practices to pin point missing revenue opportunities, visit Eris Medical Technologies at www.erismed.com

Jim

Jim Cossler
Chief Evangelist
Youngstown Business Incubator
330.884.6262
www.ybi.org

An Embarrassment of Riches

Monday, May 12th, 2008

Cleveland is home this week to two major conferences: The kick-off session for the latest Brookings Institution report on Leveraging Great Lakes Assets for Global Freshwater Leadership [first under “upcoming”] which is both being co-sponsored by and held at the Great Lakes Science Center.  The other is the Economic Development Administration’s regional conference, Beyond Innovation: Comprehensive Strategies for Transforming Our Regional Economies.

That both these conferences are taking place here in our citiy at the same time is no accident, and many of us will be running back and forth between sessions of each.  Postings over the next few days may be light, but I promise a full update on the highlights from each conference–along with thoughts on what each can mean for our region–in the weeks that follow.

Robert Sawyer, Regional head of the EDA’s Midwest office, requently refers to a drought map of the US as an indicator that the population of cities like Cleveland will grow again in the coming decades as water shortages elsewhere grow more critical. 

Both as an economic development issue and as a technology and policy issue, our lakes (which make up more than 20% of the world’s surface freshwater and nearly 90% of the freshwater in the US) and their surrounding watersheds are playing an increasingly important role in the direction our economy will take in the future.  Will we squander this precious resource as has happened elsewhere? Will we continue to abuse and pollute it, making it unusable? Or will we find ways to use and maintain our freshwater supply in a sustainble fashion that also allows and even fosters the growth of new businesses and industries?

Only time–an our actions–will tell.  For the moment we have an embarrassment of riches–it’s up to us to ensure it does not become a fute embarrassment and example of our failure to understand and respect the critical role water plays in developing and maintaining healthy lives and healthy economies.

Three More VCs Open Up Shop In Ohio

Thursday, May 1st, 2008

From BioEnterprise:

Radius Ventures (New York), Arboretum Ventures (Ann Arbor), and Fletcher Spaght (Boston) opened new offices in Ohio.  

  • Radius Ventures’ Cleveland-based venture partner is Dr. Floyd Loop, former CEO of Cleveland Clinic; 
  • Arboretum Ventures’ has hired Jon Snyder, a BioEnterprise CEO-in-Residence as a Venture Partner;
  • Fletcher Spaght has hired Michelle Murcia of Battelle to establish an office in Columbus.  

The three firms received investment commitments from The Ohio Capital Fund, a $150 million fund managed by Fort Washington Capital and Peppertree Partners.Click here to read more.

The State of Entrepreneurship in America

Wednesday, April 30th, 2008

From the Kauffman Foundation comes a fascinating new study on entrpreneurial activity in the US, highlighting the surge in immigrant entrepreneurship activity.  “The rate of entrepreneurial activity among women dropped sharply in 2007 while the activity rate among men and immigrants surged, according to a national assessment of entrepreneurial activity by the Ewing Marion Kauffman Foundation.

“According to the Kauffman Index of Entrepreneurial Activity, the only annual study to measure business startup activity for the entire United States adult population at the individual owner level, 495,000 new businesses per month were started in 2007 with 0.30 percent of the adult population (or 300 out of 100,000 adults) involved in the startup process. This entrepreneurial activity rate is a slight increase over the 2006 rate of 0.29 percent.”

Click here to download the complete report.

Is Algae the Answer?

Thursday, April 24th, 2008

The New York Times carries an editiorial today by Roger Cohen about some of the negative press biofuels have been getting of late.  You can argue with his assumptions and his conclusions, but I found myself more intrigued by this from, of all groups, the American Chamber of Commerce Executives:

Today, in Massachusetts, there exists an experimental bioreactor that grows algae and converts it into a substance which, after processing, can both power vehicles and clean emissions generated from burning coal. Sounds like the answer to a national prayer, right? It just may be …. but experts say the technology is several and complex steps away from being shelf-ready. Learn more about this promising technology at:
http://money.cnn.com/2008/04/14/technology/perfect_fuel.fortune/?postversion=2008042205

Cleaner, Safer Water

Monday, April 21st, 2008

There’s a small company here in Northeast Ohio that has a pretty amazing product.  They’ve ben running under the radar for the most part, but are beginning to get more and more attention–not to mention more and more money and support from venture capitalists, including JumpStart:

A few years ago, the U.S. government released more stringent drinking water standards that would require new technologies; water was coined “the new gold” by the investments industry; and the global water contaminant extraction industry went from tiny to huge, reaching multiple billions of dollars. An analyst for Goldman Sachs told a leading newspaper, “Water is a growth driver for as long and far as the eye can see.” During that time, MAR Systems was quietly co-developing with the U.S. Environmental Protection Agency a “clean technology” that uses recycled alumina catalysts to remove metal contaminants from drinking water and industrial fluid waste streams.

For the complete JumpStart article on MAR Systems, click here.