SSTI Digest

The latest reporting and analysis on breakthroughs in technology-based economic development research and issues that matter most to you.

SEC Small Business Forum to Tackle Accredited Investor Definition, SEC Strategic Plan 2014-18 Released

October 30, 2014

On November 20, the Securities Exchange Commission (SEC) will hold its annual Government-Business Forum on Small Business Capital Formation in Washington, D.C. The forum will include a morning panel session and four afternoon breakout groups. During the morning panel, the SEC panel will kick off the event by tackling several topics including the hot-button issue of defining accredited investor. In the afternoon, attendees can register to attend one of four topic-specific breakout groups:

MI Gov Snyder Signs Law to Create Secondary Markets for Crowdfunded Securities

October 30, 2014

Michigan Gov. Rick Snyder recently signed a new law (HB 5273) that will allow for the creation of secondary markets through which intrastate crowdfunded securities can be listed, sold and resold. Under the new securities exemption, broker-dealers interested in establishing an exchange (online or in person) must apply and be registered with the state as well as follow rules of operation laid out in the legislation.

Manufacturing Committee Pushes for Increased Coordination, Investment

October 30, 2014

The federal government should invest in strategic technologies and multi-agency initiatives to iincrease U.S. advanced manufacturing capabilities, according to a new report from the President’s Council of Advisors in Science and Technology. The Advanced Manufacturing Partnership (AMP) Steering Committee “2.0” is a cross-sector, national effort to secure US leadership in emerging technologies that create high-quality manufacturing jobs and enhance the nation’s competitiveness.

Ballot Preview: Voters to Decide on Taxes, GMOs, Higher Ed

October 30, 2014

On November 4, 42 states will vote on 146 ballot issues across a wide array of issues. In addition to initiatives on gun control, bear baiting, and the minimum wage, several initiatives relevant to the TBED community are also up for decision. SSTI has gathered information on many of these and will discuss their results after next week’s elections.

Applications for EDA Regional Innovation Solicitation Due Next Week

October 30, 2014

November 3, 2014, is the last day to submit an application for FY14 grants through the Economic Development Administration’s Regional Innovation Strategies program.  The current solicitation includes three different types of awards: i6 Challenge grants, Science and Research Park Development Grants; and, Cluster Grants to support the development of seed capital funds.

NREL, Wells Fargo Launch $10M Cleantech Innovation Incubator, $2.3M Tech Accelerator

October 30, 2014

The Energy Department’s National Renewable Energy Laboratory (NREL) will administer two new initiatives to bring clean energy technologies to market. Lab-Corps, a $2.3 million pilot program, will build on the National Science Foundation’s iCorps model to accelerate the development of cleantech discoveries and train lab researchers.

San Francisco, Austin Seek to Include More Residents in Tech Prosperity

October 23, 2014

On the heels of a recent memo from the President’s Council of Advisors on Science and Technology (PCAST) highlighting the difficulty middle-skill workers are having finding a route into the modern economy, reports from two tech hotspots suggest that local action is needed to ensure that tech success translates into widespread economic prosperity.

Universities, Public-Private Partners Launch Commercialization Funds in IN, LA, PA, WA

October 23, 2014

Purdue University, the University City Science Center, and Washington State University announced the creation of new investment funds to support the growth of university-affiliated startups in their respective communities. These three recently announced commercialization funds all share a common trend – they will be managed or assisted in the management process via public-private partnerships. In Baton Rouge, LA, the Research Park Corporation also announced the creation of a fund to assist Louisiana State University researchers compete for commercialization funding from the university.

Knowledge-Intensive Industries Produce Nearly Quarter of U.S. GDP, Pay Higher Wages

October 22, 2014

Commercial knowledge and technology-intensive (KTI) industries produced nearly one-fourth of the U.S. gross domestic product (GDP) in 2012 ($3.8 trillion), according to a recently released National Science Foundation (NSF) Infobrief using Bureau of Economic Analysis and Bureau of Labor Statistics data.

New Initiative Boosts High-Speed Internet Pursuits of Innovation-Minded Cities

October 22, 2014

As part of Next Century Cities, a new bipartisan, city-to-city initiative, 32 cities and their elected leaders from across the United States are uniting to recognize the importance of leveraging gigabit-level Internet for economic development. The initiative enables participating cities to work together to learn about best practices in engaging and assisting communities in developing and deploying next-generation broadband Internet so that every community has the resources needed to succeed.

$20M Innovation Fund, Gov’s $1M Investment Highlight Chicago Innovation Exchange Grand Opening

October 22, 2014

As part of Next Century Cities, a new bipartisan, city-to-city initiative, 32 cities and their elected leaders from across the United States are uniting to recognize the importance of leveraging gigabit-level Internet for economic development. The initiative enables participating cities to work together to learn about best practices in engaging and assisting communities in developing and deploying next-generation broadband Internet so that every community has the resources needed to succeed.

VC Funding Declines in Q3 2014, Reports Examine VC Trends in OH, OR, PA

October 16, 2014

In Q3 2014, venture capital (VC) investments in the U.S. dropped by 30 percent from Q2 totals, according a new report from CB Insights. Q3 VC deal levels also dropped by 10 percent from Q2 totals. The severe drop, however, can be attributed to Q2 being the most successful VC quarter since Q1 2001. The good news is that the first three quarters of 2014 saw the U.S. VC investment total reach $33.75 billion – an increase of 59 percent compared to the first nine months of last year.

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