VCs invest at historic levels, but deal funnel shifting

The PitchBook-NVCA Venture Capital Monitor for the first half of 2021 reveals that the market is set to break a number of investing records, but strikingly, the record levels of investment activity are all being set by the later stages of investment. At the other end of the funnel, activity is increasing, but not at the same pace as the overall market.

House committee advances $7 billion regional tech hubs legislation

Earlier this week, the House science committee advanced a series of technology-focused bills, including an $7 billion authorization of regional technology hubs. This legislation completes the committee’s work to produce a companion to the Senate’s U.S.

Defense supply chains in need of overhaul; task force recommends action

Vulnerabilities in the international networks that supply goods and services needed for finished products used by the Department of Defense were exposed to a higher degree during the pandemic, and became the subject of a congressional Armed Services task force. The bipartisan Defense Critical Supply Chain Task Force was established to make the security of the U.S.

$60M investment from DOE to increase energy efficiency in manufacturing goes to 32 Industrial Assessment Centers

The U.S. Department of Energy (DOE) announced $60 million in funding for its largest-ever cohort of university-based Industrial Assessment Centers (IACs) to assist small- and medium-sized manufacturers in reducing their carbon emissions and lowering energy costs.

Examining what work could look like after the pandemic and its implications for economic development

Falling demand for office real estate and public transit, greater need for flexible child care and requirements for reskilling are some of the insights gained into the future of Massachusetts’ workforce.

EDA makes $3 billion available for regional economies

Today, the Economic Development Administration (EDA) announced funding opportunities for the $3 billion Congress provided the agency in the American Rescue Plan Act. Funds are available through six distinct challenges, with separate goals and application processes/deadlines for each.

House committee approves $50 million for Build to Scale, $275 million for MEP and more

The House Committee on Appropriations advanced an FY 2022 funding bill that provides for substantial increases to many science and innovation programs.