September 26, 2006 in Business

Seattle scientist lands big grant

The Spokesman-Review
 

Dr. Leroy Hood, a Seattle scientist who has been a vocal supporter of efforts to create a medical research institute in Spokane, was one of five people granted a $250,000 award from the Heinz Family Foundation.

Hood, a leading figure in the field of molecular biology, received the Heinz Award for Technology, the Economy and Employment. Teresa Heinz, chairwoman of the foundation, called Hood a “quiet yet insistent visionary” in a press release about the award. “His influence will be felt for many generations to come,” she said.

Hood is the founder and director of the Institute for Systems Biology in Seattle, and has worked with organizers of the Institute for Systems Medicine in Spokane. That latter project landed $1 million in development money from the Washington Legislature last session.

Nonprofit looks for new leader

Connect Northwest, a nonprofit that works with entrepreneurial ventures as a way to spur regional business growth, said it is launching a search for a new chief executive officer.

Bill Kalivas, who’s held the top job since May 2005, is stepping down in late October to work in the private sector. Dennis Leidall, the Spokane-based organization’s director of programs, will serve as interim CEO and director.

A search committee, composed of a half-dozen former and current members of the group’s board of directors, is responsible for identifying a permanent replacement.

Windows Mobile event today

DataPro Solutions will host an event highlighting Microsoft’s Windows Mobile today at the Doubletree Hotel Spokane City Center.

The free event starts with registration and breakfast from 8 a.m. to 9 a.m., then a presentation from 9 a.m. to 11 a.m. Registration is required, by visiting www.clicktoattend.com, using event code 111504.

New York

Internet ads growing briskly

Internet advertising revenues in the United States grew 37 percent in the first half of this year, reaching a new high of $7.9 billion.

Keyword ads displayed alongside search results remain the most lucrative format, accounting for 40 percent of revenues from January to June, the Interactive Advertising Bureau said Monday. Banner display ads made up 21 percent and classified ads 20 percent.

Revenues are on target for a fourth consecutive year of growth – and the third of setting records, said Pete Petrusky, director of entertainment and media at PricewaterhouseCoopers LLP, which conducted the quarterly study for the IAB, an industry trade group.

Online ad revenues reached $12.5 billion last year.

Despite the growth, Internet advertising accounts for only about 5 percent of all U.S. advertising revenues.


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