• Become an SSTI Member

    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...

  • Subscribe to the SSTI Weekly Digest

    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!

DOE opens $7 billion funding opportunity for regional clean hydrogen hubs

Representing one of the largest investments in the agency’s history,  the U.S. Department of Energy (DOE) has opened applications for the clean hydrogen hubs (H2Hubs) program. These regional hubs will be spread out across the country and receive $7 billion in funding. The H2Hubs Program will be managed by DOE’s Office of Clean Energy Demonstrations with support from the Office of Energy Efficiency and Renewable Energy.

DOD awards $30M to six Defense Manufacturing Communities

The U.S. Department of Defense’s Office of Local Defense Community Cooperation (OLDCC) recently announced the six winners under the Defense Manufacturing Community Support Program (DMCSP), with funding of approximately $30 million. Each organization received close to $5 million for long-term investments in critical skills, facilities, workforce development, R&D, and more with the goal of strengthening the national security innovation base. The six awards are listed below, while more information can be found on the OLDCC’s website.

Treasury releases RFI and clarifications on SSBCI technical assistance

Last week, the U.S. Department of the Treasury released clarifications and a request for information (RFI) related to its $500 million pool for State Small Business Credit Initiative (SSBCI) technical assistance.

Inflation provides big boost to crowdfunding limits

The Securities and Exchange Commission (SEC) recently published statutorily-required five-year inflation adjustments for various limits placed on crowdfunding, and the increases are substantial.

New report highlights federal bioeconomy policy considerations in R&D, regional promotion, and workforce development

On the heels of President Biden’s recent announcement of a Biotechnology and Biomanufacturing Initiative to boost the United States bioeconomy, the Congressional Research Service (CRS) has released The Bioeconomy: A Primer, which examines the future of the bioeconomy, explores the United States’ competitiveness in global bioeconomy efforts, and notes the current lack of federal coordination on building the bioeconomy. To address this lack of coordination, the report urges Congress to develop a more comprehensive national strategy for establishing the bioeconomy.   

Congress advances three-year SBIR/STTR reauthorization

On Tuesday, the Senate passed a bill to extend the SBIR, STTR and related pilot programs through Sept. 30, 2025. The House is expected to act on the legislation next week, just ahead of the current expiration at the end of this month. In addition to reauthorizing the programs, the legislation makes changes to performance standards for companies with numerous awards, foreign risk management, topic solicitations, and requires several new reports by SBA and the Government Accountability Office (GAO).

Gender and racial makeup of startup's founding team impacts funding

A recent report by DocSend Inc., a subsidiary of DropBox, surveyed over 300 pre-seed startups, finding that on average, in terms of gender alone, mixed teams raise the most funds, while all-male teams raise the least. In terms of both gender and race, on average, mixed gendered teams with minority members raise the most funds while all-male teams with no minority members raise the least. These findings are consistent with prior studies in terms of reflecting the levels of access to funding opportunities, relative lack of investment in diverse teams, and systemic gender bias.