For three decades, the SSTI Digest has been the source for news, insights, and analysis about technology-based economic development. We bring together stories on federal and state policy, funding opportunities, program models, and research that matter to people working to strengthen regional innovation economies.

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Battelle Study: NSF, NIST, DOE Lead in Patent Output Per Dollar

The National Science Foundation (NSF), the National Institute of Standards and Technology (NIST) and the Department of Energy (DOE) far outpace their peer agencies in patenting output per dollar, according to a new study by Battelle's Technology Partnership Practice. Research funded by the National Institutes of Health (NIH), the focus of the study, generated one patent for every $16.9 million invested by the federal government between 2000-2013. Some NIH institutes had an even higher rate of patent generation, with the National Institute of Biomedical Imaging and Bioengineering (NBIB) producing a patent for every $4 million invested.

Johns Hopkins, Baltimore Mayor Invest Millions to Boost City’s Innovation Ecosystem

Last week, Johns Hopkins University released an action plan to cultivate and support a culture of innovation and entrepreneurship throughout the university and the Baltimore region. The implementation plan, which represents $40 million in new university investments in innovation initiatives over five years, is a response to the 22 specific recommendations for university innovation included in a May 2014 innovation report. The initiatives included in the implementation plan will be carried out by Johns Hopkins Technology Ventures, a new organization that encompasses technology licensing, corporate and industry relations, and FastForward, the university’s business accelerators.

Read the press release here…

Gates Foundation Reboots Strategy on College Completion

The Bill and Melinda Gates Foundation is relaunching its advocacy agenda to create a more flexible, personalized, affordable and clear U.S. postsecondary education system. At the center of this agenda will be an effort to collect better metrics on student and institutional performance and to extend finance and financial aid options for lower income students. The foundation plans to advocate for these priorities at the federal and state level, with particular focus on policies in 10 select states: California, Florida, Georgia, Kentucky, New York, North Carolina, Ohio, Tennessee, Texas and Washington.

Social Impact Investing Reached $12.7B in 2014; UPenn Announces SII Partnership

One hundred Twenty-five  impact investors worldwide reported plans to increase impact investing commitments by 19 percent in 2014, from 10.6 billion in 2013 to 12.7 billion in 2014, according to a J.P. Morgan-Global Impact Investing Network (GIIN) info brief – Impactbase Snapshot: An Analysis of 300+ Impact Investing Funds. The report provides an overview of over 300 funds operating across three key themes: geographic focus, asset class type, and target impact theme. The data for this study was collected from ImpactBase platform – an online database of over 300 social impact investment (SII) funds. Key statistics include:

SBA Identifies 11 Barriers to Additive Manufacturing for Entrepreneurs, Small Firms

There are 11 primary barriers to the adoption of additive manufacturing by tech entrepreneurs and small high-growth firms, according to a new report from the Small Business Administration’s (SBA) Office of Advocacy. These 11 barriers were identified via surveys and interviews with entrepreneurs, private industry and other participants. In addition to identifying the 11 barriers, respondents also provide best practices or recent activities around each of the identified barriers. The report also includes big ideas and recommendations for programs and policies that the federal government should consider adopting to overcome these barriers. In addition, the general recommendations include federal agency-funded, additive manufacturing pilot programs and better coordination of federal innovation initiatives. Read the report…

National Academies Proposes Clear Pathways for U.S. Manufacturing Workforce

While manufacturing has never been more important to the American economy, many manufacturers report that they are unable to fill positions requiring skilled workers, according to the latest report from the National Academy of Engineering. At the same time, workers and students often find it difficult to navigate the web of certifications, degrees and experience levels necessary to claim these jobs. The authors provide a number of recommendations for federal, state and local agencies, as well as employers, universities and community colleges, to build pathways to manufacturing employment.

Cambridge Study: European Online Alternative Finance Markets Grow 144 Percent in 2014

As firms around the world continue to seek funding outside of traditional sources of capital, it has become increasingly difficult to track these emerging markets. That’s why in November the University of Cambridge and the professional services organization EY launched the European Alternative Finance Benchmarking Survey with the support of other major European industry associations, the largest study to-date on crowdfunding, peer-to-peer lending, and other forms of alternative finance in Europe. The study, which opened in late November 2014 and ran until early January 2015, ultimately received input from 255 crowdfunding or peer-to-peer lending platforms across 28 European countries. Highlights from the first year of the research study include:

Innovative Economic Development a Priority in PA, NC Budget Proposals

Several governors released their proposed budgets over the last two weeks, and while some states continue to deal with budget shortfalls that prevent many new initiatives from coming into fruition, governors in Pennsylvania and North Carolina included numerous proposals focused on innovation and economic development. Additionally, governors in Louisiana and Massachusetts highlighted new workforce development proposals. 

Pennsylvania

Tech Talkin' Govs: Tax Reform, Higher Ed Featured in Governors' State of the State Addresses

SSTI's Tech Talkin' Govs series has returned as governors across the country formally convene 2015 legislative sessions. The series highlights new and expanded TBED proposals from governors' State of the State, Budget and Inaugural addresses.

The final installment of this year’s series includes excerpts from speeches delivered in Alabama, Florida, Ohio, Pennsylvania and Texas. Read the first, second, third, fourth and fifth installments of this year’s series.

SBA Announces $2M for Organizations to Help Small Tech Companies Commercialize New Technologies

The Small Business Administration released its annual solicitation for the Federal and State Technology (FAST) Partnership Program, a competitive grants program for eligible organizations to conduct outreach and provide technical assistance services to technology-based small business owners. The program places particular emphasis on organizations that propose helping socially and economically disadvantaged firms compete in the SBA's Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. Each state, through its governor office, may submit one proposal in FY15 for an eligible organization (e.g., state and local economic development agencies; Small Business Development Centers; and, colleges and universities). Applications are due April 10.  Visit the FAST Partnership Program website…

NIST Announces $26M to Expand Services at MEP Centers in 10 States

The National Institute of Standards and Technology-Manufacturing Extension Partnership (NIST-MEP) announced the award of 10 new five-year cooperative agreements to manage Hollings Manufacturing Extension Partnership (MEP) centers. In an open competition, the existing MEP centers in Colorado, Connecticut, Indiana, Michigan, New Hampshire, North Carolina, Oregon, Tennessee, Texas and Virginia, were selected to receive a total of $26 million in funding – an increase of about $10 million (nearly 60 percent). In addition to the additional federal funding:

The state/local cash increased significantly in eight states; The cash contribution remained constant at nearly $2 million in one state; and, In one state, state/local in-kind support replaced in-kind support from other sources.

The funding is intended to help the centers to reach new customers and offer new services. Read the announcement…

Pew Report: Large Gap Exists Between Public, Scientists on 12 Key S&T Issues

The American public and scientists have dramatically different views on a range of science, engineering, and technology issues, according to a new report from the New Pew Research Center. The largest gap exists between the two groups on safety of genetically modified (GM) foods. While 57 percent of the public believe GM foods are generally unsafe, 88 percent of scientists connected with American Association for the Advancement of Science (AAAS) believe that GM foods are generally safe. Other questions asked that show a significant fracture between the public and scientific community include: the role of human activity in climate change; human evolution; use of animals in research; nuclear energy; and, offshore drilling.