Seven senators are pushing for an 18-month extension of the surface transportation program, while Congress maintains short-term extensions through continuing resolutions.

http://thehill.com/homenews/senate/68195-boxer-inhofe-make-push-for-transportation-

Why do entrepreneurs who have raised capital and reached successful exits make good seed fund managers? Founder Collective’s Eric Paley asserts it’s because these firms understand the incentive to help entrepreneurs increase the value of their companies.

http://www.xconomy.com/boston/2009/11/18/founder-collective-when-entrepreneurs-form-their-own-seed-stage-venture-firm/

Results from a new study recommend Prince George’s County, MD as the optimum location for a biotech incubator that could help retain companies graduating from the University of Maryland College Park incubator program. Development of the incubator is slated over the next five years. A long term-goal for establishing a bioscience technology park is also set.

With a new process style, President Obama has accomplished more in his first six months in office than FDR and LBJ. The list is impressive, and includes initiatives that have positively impacted the medical and biotech sectors, including federal funding for science and research labs.

195 startup companies vied for 40 presentation slots at the Rockies Venture Club’s third annual Angel Capital Summit. Smart pitches on new technology offerings included a nasal dental anesthetic, bamboo bicycles and an in-store price comparison application for cell phones.

The World Gold Council announces plans to co-invest with venture firms to develop emerging uses for gold including pollution control catalysts, fuel cells, coatings and nanotechnology. The goal: quick commercialization of highly-promising gold research.