• Keynote Speaker Announced: Ross Baird of Village Capital

    Ross Baird, the CEO of Village Capital will keynote SSTI's 2016 Annual Conference. Join us November 1-3 to focus on purposeful outcomes that can be created by innovation ecosystems.
  • Upcoming Webinar: Immigration and Innovation

    Discuss the role of immigrants in innovation how an immigrant-centric program could benefit your region: Wednesday, October 26 @ 3:00 P.M. ET
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    As the most comprehensive resource available for those involved in technology-based economic development, SSTI offers the services that are needed to help build tech-based economies. Learn more about membership...
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    Each week, the SSTI Weekly Digest delivers the latest breaking news and expert analysis of critical issues affecting the tech-based economic development community. Subscribe today!

Finding the Right Metrics

October 20, 2016

Whether measuring the nature of the economy or determining the impact of economic development programs, finding the right indicators and metrics is critical. And a new set of questions is arising for economic development practitioners: Who gets credit for impact when multiple organizations provide services to the same company? When impacts may be long-term, what is the best way to gauge success in the short term? These and other questions will be explored during the conference session on Measuring Impacts: Where We Stand and Where We Need to Go at this year’s annual SSTI conference.

Cancer Moonshot Requires Funding Infusion

October 20, 2016

While progress has been made, challenges remain in the goal to advance cancer research, according to the “Cancer Moonshot” report Vice President Joe Biden delivered to the White House on Monday. The “Cancer Moonshot” is the current administration’s effort to accelerate 10 years’ worth of progress in cancer prevention, diagnosis and treatment into just five. The Washington Post detailed remaining challenges, including a lack of coordination among researchers, outdated funding cultures and slow dissemination of information regarding new treatments. The White House has urged Congress to approve $1 billion in funding for the effort, along with money for other health initiatives and the National Institutes of Health.

Is Peer Review Stifling Innovation at NIH?

October 20, 2016

With the visionary language of large federal initiatives like the “Cancer Moonshot” or provocative branding such as “NIH…Turning Discovery into Health®” and the National Institute of Health website further touting “revolutionary ideas often come from unexpected directions,” one might assume an equally ambitious approach is being taken to ensure federal life sciences research is going toward research with the most promise for positive impact and scientific advancement.

CB Insights: VCs Pivot to More Realistic Valuations

October 20, 2016

Despite Brexit and political uncertainty in the U.S., stability is returning to the global VC market as investors shift from new unicorn chasing and a renewed interest in global initial private offerings (IPOs) by late-stage startups, according to a new report from CB InsightsVenture Pulse Q3 2016.

USDA Announces Launch of $100M Rural Business Investment Company

October 20, 2016

The U.S. Department of Agriculture (USDA) announced the launch of the McLarty Capital Partners’ Rural Business Investment Company (RBIC) – a new private investment fund with the potential to inject $100 million into growth-oriented, small businesses across rural America. As the fifth RBIC to launch since 2014, McLarty Capital Partners’ RBIC is part of the Made in Rural America initiative, an ongoing effort by the Obama administration to attract private sector capital to investment opportunities in rural America and drive more economic growth in rural communities.

Pew Research Highlights State of American Jobs, Skills

October 20, 2016

The majority of Americans say new skills and training are critical to their future job success and to remain competitive in changing workplaces, according to a new report issued by the Pew Research Center in association with the Markle Foundation. This was particularly true for individuals working in STEM occupations, where roughly two-thirds of employed adults responded that ongoing training and skills development would be essential to their development.

Reframing Language of Tech-Based Economic Development

October 13, 2016

Practitioners in the technology-based economic development field often face questions about what they do, or what the field entails. The answer can be a challenge. Is it attracting high-quality jobs and businesses to an area, finding capital to finance science and tech startups, STEM education support, educating a new workforce, bringing research ideas to the marketplace, partnering with other organizations to achieve all those goals? It can be a mouthful, and it can be difficult to convey all those ideas in simple terms.