Alaska March Economic Trends

March2018TrendsThe March issue features an in-depth look at the history of migration to, from, and within Alaska and how migration patterns have shaped our modern state. This issue also includes an overview of Alaska’s 2017 population estimates, released early this year.

Source: Alaska Department of Labor & Workforce Development

UAF Launches Business Incubator

UAF’s scientists, inventors, and entrepreneurs now have a venue in which their ideas can become viable business concepts. Image courtesy of Storyblocks.

The University of Alaska Fairbanks has launched a new business incubator aimed at helping university scientists and inventors move their ideas from the laboratory into the private sector.

The UAF Center for Innovation, Commercialization and Entrepreneurship will augment existing public and private sector services to convert university inventions and intellectual property from concepts into fledgling businesses.

“There are lots of ways a university can benefit the state,” said Gwen Holdmann, director of the UAF Office of Intellectual Property and Commercialization, which will oversee the new center. “One of those ways is to push that intellectual property into the private sector.”

UAF has worked for many years to commercialize research discoveries. In 2012, it created the commercialization office, which works with researchers and other university entrepreneurs on early steps such as registering patents and making invention disclosures. Holdmann said ideas have stalled too often because they needed additional resources or specialized expertise. The new incubator will provide that targeted assistance, maturing new ideas generated by UAF research and licensing the products directly to the private sector or through new spinoff companies.

Read the full article here.

Source: Alaska Business

Kodiak Seafood and Marine Science Center Annual Report

The Kodiak Seafood and Marine Science Center (KSMSC) is a unique facility including classrooms, laboratories, a test kitchen and a pilot seafood processing plant that enables the University of Alaska Fairbanks (UAF) to provide a statewide program of research, technical assistance, workforce training and education. KSMSC is Alaska’s only workforce development and applied research center focused on the seafood processing/fishing industry, as designated by the Alaska State Legislature in 1983. KSMSC also serves the Kodiak Island communities as a regional marine research and education center.

UAF personnel working at KSMSC currently consist of four UAF faculty members (three Marine Advisory and one Fisheries) and three staff members all within the UAF College of Fisheries and Ocean Sciences (CFOS). In addition, the UAF Cooperative Extension Service’s 4-H coordinator works at KSMSC. Graduate students and visiting UAF faculty use the Center and a number of community groups make use of the space for meetings during the year.

Kodiak is the fourth largest seafood port in the nation and has a large resident seafood processing and fishing workforce, with plants operating 11 months a year. Statewide, the waters off Alaska produce over 60% of the nation’s seafood valued at $5.6B and the seafood industry is the state’s largest private employer with over 50,000 jobs. Kodiak Island also has a number of smaller outlying villages that have a strong subsistence economy based on marine resources, whose residents work with the faculty at KSMSC.

The Kodiak Seafood and Marine Science Center is a hub of applied research, training and technical assistance serving a statewide seafood industry audience. It supports food safety in Alaska and is recognized as a food process authority by the Alaska Department of Environmental Conservation.

Take a look back at KSMSC’s accomplishments in their annual report.

Source: UAF College of Fisheries and Ocean Sciences