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September 28, 2007
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BioWest Venture deadline Oct. 5
The deadline is nearing for bioscience startups that would like a shot at earning a $10,000 award.

Applications for the BioWest Venture Showcase are due Oct. 5. Six selected companies will have a chance to present their businesses to a panel of national venture capital experts at the BioWest Conference on the morning of Dec. 7. The company with the best presentation will receive the $10,000 Faegre & Benson Venture Showcase Award. In 2005, Fort Collins-based InViragen Inc. received the prize.

The application can be downloaded at www.biowestconference.com/BioWestApp.pdf. For more information, contact Colorado BioScience Association Deputy Director Christine Shapard at 303-592-4089.
Barrels roll out: Colo. tops Calif.
DENVER - With Fort Collins and Golden toting most of the liquid freight, Colorado became the top beer-producing state in 2006, dislodging California from the top spot for the first time, according to data released Thursday by the Beer Institute.

While the Golden-based Molson Coors brewery and the Anheuser-Busch brewery in Fort Collins accounted for the lion's share of the state's total 23.4 million barrels of beer, the state's numerous craft brewers also helped raise the number beyond California's 22.8 million barrels in 2006.

According to the industry measure, a barrel is equal to 33 gallons. Texas and New York were in the No. 3 and No. 4 positions, according to the trade group.

Colorado politicians on Thursday hopped aboard the beer wagon, issuing press releases lauding the industry's contribution to the state's economy.

"We're extremely proud to be the nation's leader in beer production and share this great product with the rest of the country," said U.S. Sen. Ken Salazar, D-Colo.

Gov. Bill Ritter noted in his statement the Colorado brewing industry's commitment to using renewable energy in recognizing the top ranking.

"As a state widely recognized around the country for our natural beauty, rich history and extensive cultural attractions, we're pleased to now also be known as the beer-brewing capitol of the United States," Ritter said. "Colorado breweries are also increasingly using and producing renewable energy, which is good for the industry, good for the environment, and good for developing more home-grown sources of energy."
Woodward grants CSU $1 million
FORT COLLINS - Woodward Governor Co. (Nasdaq: WGOV) on Friday announced a gift of $1 million to Colorado State University to launch a new systems-engineering program and hire a high-powered professor, formerly a NASA astronaut, to head it.

The grant from the Woodward Charitable Trust establishes an endowed professorship in the College of Engineering, and has enabled CSU to hire former astronaut and U.S. undersecretary of the Air Force Ronald Sega to occupy the position.

The systems-engineering program that will develop at CSU under Sega's leadership will fill a critical need for specialized training that would benefit the community beyond the campus, Woodward President and CEO Tom Gendron said.

"The most complex engineering problems require critical thinking at a systems level," Gendron said. "However, there are relatively few systems-engineering programs in the U.S. With this endowment, Woodward has the unique opportunity to collaborate with CSU to develop a strategic systems-engineering program that will serve the region and the nation."

In addition to his new post as Woodward professor in systems engineering, Sega will also serve as vice president for applied research for the CSU Research Foundation.

CSU President Larry Penley said the Woodward grant represents another step toward closer ties between the university and private industry.

"This gift is an example of a university/industry partnership that benefits students, employers and the state," Penley said. "We are grateful for Woodward's strong support of systems engineering and the university's educational mission, which will help us develop a program that meets regional needs."

Since his graduation from the U.S. Air Force Academy in 1974, Sega has pursued a varied career as a pilot, astronaut, engineer, scholar and public servant. In his NASA days from 1991 to 1996, Sega logged more than 420 hours in space aboard two space shuttle missions, including the first United States-Russia joint space shuttle venture in 1994 aboard the shuttle Discovery. He later served as NASA's top official at the Russian spaceport known as Star City.

Sega earned a master's degree in physics at Ohio State University and a doctorate in electrical engineering from the University of Colorado. His academic career, before and after his tenure with NASA, included a professorship at the U.S. Air Force Academy and the University of Colorado at Colorado Springs, where he also served as dean of the College of Engineering and Applied Science.

He also served in senior U.S. Defense Department posts, including director of defense research and engineering and, most recently, as U.S. Air Force undersecretary.
national news
Consumer spending up, prices tame
WASHINGTON (Reuters) - Consumers boosted their spending at the strongest rate in four months during August and core consumer prices posted their smallest year-on-year rise in 3-1/2 years, the Commerce Department reported on Friday.

Greenspan sees recession chances less than 50/50
LONDON (Reuters) - The probability of a recession in the United States has increased but is still less than 50/50, former Federal Reserve Chairman Alan Greenspan said in comments broadcast on Friday.

Bain to buy 3Com
NEW YORK (Reuters) - Network equipment maker 3Com Corp said on Friday it will be bought by private equity firm Bain Capital Partners for $2.2 billion in a deal that will also give China's Huawei a minority stake.

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