11th annual Cyberstates report. How does your state rate in in the new technology economy and venture funding?

Idaho makes gains attracting venture capital.

According to the 11th annual Cyberstates report, the spike in investments could be a good sign for the state’s technology industry.

But Mark Solon, a managing partner in Boise-based Highway 12 Ventures http://www.highway12ventures.com/ , said it’s too early to make predictions. He said the bulk of the money in 2007 was directed at only a handful of companies.

"The state needs, in my opinion, to continue investing in research and development and innovation for this to be sustainable," he said.

Full Report: http://media.idahostatesman.com/smedia/2008/04/01/20/Cyberstates_report.source.prod_affiliate.36.pdf

By Ken Dey – [email protected]

Full Story:
http://www.idahostatesman.com/business/story/339796.html

***

Utah high-tech industry surges as the sector takes center stage

By Tom Harvey
The Salt Lake Tribune

The job growth rate in the high-tech industry in Utah has surged to the third-highest percentage in the country, according to a report being released today.

Utah’s 6.4 percent rate trailed only New Mexico’s 15.5 percent and South Carolina’s 8.3 percent from 2005 to 2006, the latest figures available, according to the report by the American Electronics Association.

"Cyberstates 2008" points to the growing importance in Utah of electronics and information-technology companies that over the past few decades have greatly diversified the state’s economy beyond its former dependence on natural resource-based companies, said Jack Brittain, vice president of technology venture development at the University of Utah.

Full Story: http://www.sltrib.com/business/ci_8777157