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Space: the final frontier - of commerce

Posted: February 26, 2010

By Michael Schwartz

michael.schwartz@insidebiz.com

In 1998, Congress passed the Commercial Space Act declaring that the primary goal in constructing the International Space Station was the "economic development of Earth orbital space."

To date, however, space commerce related to the ISS is conducted mostly on the ground and is funded largely without a tangible return on the investment by government.

Doris Hamill would like to see that trend change. She would like to see space commerce evolve into something more.

Gauze is good for Newport News firm

Posted: February 26, 2010

By Michael Schwartz

michael.schwartz@insidebiz.com

A Newport News company whose bread-and-butter is developing high-tech wound-healing products had two major announcements in February, including receiving substantial funding that could help it capture a share of the defense industry in addition to its pursuits in the consumer realm.

Soluble Systems LLC announced it received $800,000 in federal funding to conduct a clinical study of its flagship product, TheraGauze.

NASA's new direction could lift local space assets

Posted: February 12, 2010

By Michael Schwartz

michael.schwartz@insidebiz.com

President Obama's proposed federal budget for fiscal year 2011 delivered both good and bad news for space- and NASA-related organizations in Hampton Roads such as NASA Langley, NASA's Wallops Flight Facility and the Mid-Atlantic Regional Spaceport.

First the bad news: The previous administration's bold plan to return Americans to the moon by 2020 will be scrapped,

Cooper hands over ESI reins

Posted: February 12, 2010

By Michael Schwartz

michael.schwartz@insidebiz.com

A succession plan years in the making finally was set into motion in recent weeks as the CEO of Electronic Systems handed the reins of the Virginia Beach-based company to the next in line.

That CEO apparently has large shoes to fill.

Kurt Schmelz and Anthony Lane became co-presidents of the printer, copier and IT service firm earlier this month, replacing Dan Cooper who had run the company since 2000.

Vectec's brief fall and quick rise

Posted: February 5, 2010

By Michael Schwartz

michael.schwartz@insidebiz.com

The organization formerly known as the Virginia Electronic Commerce Technology Center, created and heavily supported for years by Christopher Newport University, now is an independent entity free of state support after its ties with the school were severed because of budget constraints.

Vectec's brief fall ... and quick rise

Posted: February 5, 2010

By Michael Schwartz

michael.schwartz@insidebiz.com

The organization formerly known as the Virginia Electronic Commerce Technology Center, created and heavily supported for years by Christopher Newport University, now is an independent entity free of state support after its ties with the school were severed because of budget constraints.

James City County taps W&M to run incubator

Posted: January 29, 2010

By Michael Schwartz

michael.schwartz@insidebiz.com

James City County's Economic Development Authority announced last week it is revamping its business incubator program, including expanding its offerings to more than just technology companies and ending its management agreement with the Hampton Roads Technology Council in favor of the College of William and Mary.

All parties said the new direction came at the urging of HRTC, which has run the JCC Technology Incubator since its inception in 2007 as part of the Hampton Roads Technology Incubator System.

NN firm wins NASA contract to detect and report wake vortex

Posted: January 15, 2010

By Michael Schwartz

michael.schwartz@insidebiz.com

Paul Robinson says he isn't the guy you probably want to sit next to on an airplane.

He has spent his career trying to understand forces such as turbulence and wind shear, the invisibles hazards that put planes in jeopardy each time they take flight. What he knows about those potential hazards might scare you mid-flight.

Another tech firm chooses Suffolk as home

Posted: January 8, 2010

By Michael Schwartz

michael.schwartz@insidebiz.com

A startup tech company has chosen Suffolk as its headquarters, the city announced last month, the second new company from the modeling and simulation industry to open shop there in less than two months within an incubator program run by the Virginia Modeling, Analysis and Simulation Center.

Command Post Technologies became the eighth M&S company to join VMASC's Technology and Business Accelerator. It follows California-based Alelo, which announced it opened its first East Coast office at VMASC in November.

Local firm wins bid to help train Iraqi navy

Posted: December 18, 2009

 By Michael Schwartz

Located off the shore of Iraq's small coastline in a contested area of the Persian Gulf are two oil platforms considered so important to Iraq's economy and to the world's oil supply that they are guarded around the clock.

But with little more than 30 miles of coastline, Iraq has never had a large navy, and the country's most recent modern military regime was ravaged by war against the United States.