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SSTI Digest

Innovation landscapes: The effect of public science on corporate R&D

Federally funded basic research conducted at American universities grew steadily from about $10 billion in 1991 to just under $50 billion in 2020 (in constant 2022 dollars). And since the passage of the Bayh-Dole Act in 1980, universities have played an increasing role in the patenting and commercialization of their discoveries. Patents to US universities increased from 440 in 1981 to 8706 in 2020. U.S. universities licensed or optioned more than 10,000 patented inventions to the private sector in 2020. How does this large taxpayer investment in public science and the inventions that result from it affect corporate research and development?

The White House announces over $5B from CHIPS and Science Act for R&D and workforce programs, other updates on semiconductor programs, including Mfg USA Institute

The White House announced on February 9 that the administration expects to invest over $5 billion in semiconductor-related research, development, and workforce needs. The $5 billion will flow through the National Semiconductor Technology Center (NSTC), a public-private entity created to handle the funds. Friday’s announcement established the NSTC as a public-private consortium of the Secretaries of Commerce, Defense, and Energy, the Director of the National Science Foundation, and Natcast. Natcast will operate the NSTC consortium.

Tech Talkin’ Govs 2024: Innovation agendas from the governors’ State of the State addresses—Part 6

In this week’s continuing coverage of gubernatorial addresses as they impact the innovation economy, governors from Connecticut, Maryland, and Wyoming discussed their state’s past economic and educational achievements and laid out their vision for this year as the states return to revenue and funding normalcy after years of federal pandemic aid ends. Connecticut’s governor announced that UConn and Yale are collaborating on quantum computing research, and he called for the funding of a biotech hub in New Haven. Maryland’s governor called for investments in the industries of the future (with proposed funding for life sciences, biotech, data centers, and cybersecurity). Wyoming’s governor discussed the state’s position in an “all of the above American energy policy.”

St. Louis focus on innovation has an eye on equity

Editor’s note: SSTI is committed to helping its members create economies that are equitable and inclusive. The following article is part of a series highlighting how different organizations ensure all people within their communities can benefit from today’s economy and lessons learned in their work.

Michigan Governor’s proposed FY 2025 spending plan includes $60M for Innovation Fund

Last week, Michigan Governor Gretchen Whitmer presented her Fiscal Year 2025 Executive Budget recommendations to a joint session of the House and Senate Appropriations committees. As part of the $80.7 billion proposal, Whitmer outlined a number of priorities that seek to enhance Michigan’s economic competitiveness, and builds upon the “Make It in Michigan” strategy—her plan for investing in the state’s people, places and projects. The strategy focuses on cultivating good-paying jobs, a skilled, talented workforce, and making Michigan an affordable, equitable, and vibrant place to live. Among the proposed budget items is a new $60 million Innovation Fund.

Useful Stats: Trends in graduate students and postdocs by field of study

Graduate student enrollment and postdoctoral appointments have shifted in fields of study over the past decades, with many fields exploding in graduate enrollment and postdoctoral appointments. Computer and information sciences graduate students jumped from just 4% of all science enrollments in 1975 to nearly a quarter of the total by 2021, while engineering postdocs in biological, biomedical, and biosystems engineering jumped 5,671%– increasing from 3% in 1975 to 19% of all engineering postdocs by 2021. This edition of Useful Stats uses the full range of NSF GSS data to explore trends in graduate students (1975-2021) and postdoctoral appointees (1979-2021; postdocs) in science and engineering.

PA releases new economic development strategy; budget calls for new $20M innovation fund

Last week, Pennsylvania Governor Josh Shapiro and the Pennsylvania Department of Community & Economic Development (DCED) released what they are describing as the Commonwealth’s first comprehensive Statewide Economic Development Strategy in nearly 20 Years. Seeking to build a more competitive, inclusive, and innovative economy that positions Pennsylvania for the technologies of the future, the administration identified five sectors (Agriculture, Energy, Life Sciences, Manufacturing, and Robotics and Technology) for focus and resource investment. While some of those sectors already are foundational to the state, taken all together, the administration believes they will make Pennsylvania competitive in research and development, entrepreneurship, attraction and retention of businesses and workforce, and economic growth.

Tech Talkin’ Govs 2024: Innovation agendas from the governors’ State of the State addresses—Part 5

In this week’s continuing coverage of gubernatorial addresses as they impact the innovation economy, the common themes from Oklahoma and Tennessee were focused on economic and educational opportunities through tax cuts and education reforms. In contrast, Alabama Gov. Kay Ivey focused her address on furthering her state’s recent successes and competitiveness in workforce development and announced that her top priority this legislative session was focused on continued educational reforms, including the implementation of an education savings account program. Pennsylvania Gov. Josh Shapiro laid out his economic and educational plans for making Pennsylvania competitive in the technologies and industries of the future.

Partnership for Inclusive Innovation uses a community-based approach to pursue equity

Editor’s note: SSTI is committed to helping its members create economies that are equitable and inclusive. The following article is part of a series highlighting how different organizations ensure all people within their communities can benefit from today’s economy and lessons learned in their work.

NACIE recommends a national entrepreneurship competitiveness strategy

The National Advisory Council on Innovation and Entrepreneurship voted today to accept proposed recommendations for a national competitiveness strategy. One recommendation is establishing a National Innovation Council to coordinate entrepreneurship-related federal government activities nationwide. This council would prioritize efforts related to critical technologies through various actions, including “requiring mandatory reporting of demographics of venture capital (VC) investments” and “supporting the development of best practices and standards for evaluating the effectiveness of entrepreneur support programs.”

First cohort of Economic Recovery Corps (ERC) fellows and host communities announced

This month, 65 Fellows will begin their two-and-a-half-year field placements with host organizations nationwide as part of the Economic Recovery Corps (ERC) funded by the Economic Development Administration. Fellows will spearhead projects that, according to according to an International Economic Development Council (IEDC) press release, "advance new ways of doing economic development to build more resilient, inclusive, and equitable economies." The 65 selected projects are located across 44 states and territories. Of the 65 host sites, 62% are rural, 23% are mixed (urban, suburban, and rural), and 15% are urban. Nine of the 65 projects are led by tribes or involve a tribal organization as a primary partner. Each project receives a dedicated, fully funded Fellow for 2.5 years.

Useful Stats: 40+ year trends in postgraduate science, engineering, and health

The number of graduate students in science, engineering, and health has grown from approximately 328,000 to 760,000 from 1975 to 2021, a 132% increase, according to the National Science Foundation’s (NSF) Survey of Graduate Students and Postdoctorates in Science and Engineering (GSS). When compared to a 60% increase (from 9.7 to 15.4 million) in total undergraduate enrollment across all fields of study over the same time period, the scale of growth can be better seen. However, while the number of graduate students in science has seen an upward trend over the 46-year period, the number of graduate students in engineering has stagnated since 2014.

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