• 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...

SSTI Digest

Presidential Executive Actions Target Patent Trolls, Offer Assistance to Innovators

In keeping with the commitment made in his State of the Union address to reform the American patent system, President Obama announced a series of executive actions to improve the quality and accessibility of the patenting process. White House officials also reiterated the call for more sweeping changes to the system from Congress and provided an update on the previous series of executive orders related to intellectual property issued in June of last year. At the same time, the U.S. Supreme Court is considering two cases that could have major ramifications for patenting in high-tech industries.

President Obama’s emphasis in the State of the Union address on the use of executive orders to overcome legislative gridlock carried over into his administration’s agenda for the patent system.  Last Friday, the President announced three executive orders intended to reduce duplicate patents and wasteful litigation, to improve the patenting process with insights from inventors and to help inventors with fewer resources navigate the complicated and expensive process of securing a patent.

The new actions include measures to:

New Commercialization Efforts Launched by Universities, Industry Partners

University-focused initiatives that help bring new technologies and products to market help drive regional economic development and encourage an entrepreneurial culture on campuses. SSTI’s latest Trends in TBED report featured a number of commercialization efforts launched in 2013, including university-based funds to support ideas from faculty, staff and alumni. So far, 2014 also has proven active in this area with the announcement of several new initiatives to support university technology startups.

DOL Announces $150M Ready to Work Partnership Grant Competition

The Department of Labor announced it will commit up to $150 million to the Ready to Work Partnership grant competition — a program that supports and scales innovative  public-private partnerships to build a pipeline of talented U.S. workers in middle- and high-skill jobs. Up to 30 grants ranging from $3 million to $10 million will be awarded for on-the-job training, paid work experience, paid internships and Registered Apprenticeships to provide employers the opportunity to train workers in the specific skill sets necessary for several target industries including manufacturing. Programs must recruit American citizens who have been out of work for six months or longer and will incorporate a strong up-front assessment, allowing for a customization of services and training to facilitate re-employment.

Chicago, Detroit Win Competition for Newest Manufacturing Hubs

The latest Department of Defense-led manufacturing innovation institutes will support cutting-edge research and product development in lightweight and modern metals and digital manufacturing and design. A consortium of 73 companies, nonprofits and universities will help launch the Chicago-based institute. The Detroit-area based consortium involves 60 partners. Earlier this year, North Carolina was selected as the location for the first institute with a focus on next generation power electronics. The president also announced a $70 million Department of Energy-sponsored competition for advanced composites manufacturing – the first of four new competitions to be launched this year. Read the announcement…

Highly Educated Workers Gravitate To, Between New York, Los Angeles and Chicago

Los Angeles County (CA), New York County (NY) and Cook County (IL) topped the list of places where people older than 25 with graduate or professional degrees moved to between 2007 and 2011, according to the latest data from the U.S. Census Bureau’s County-to-County Migration Flows Tables. Middlesex County (MA) and Fairfax County (VA) also ranked among the top destinations for highly educated transplants. The Census report provides data on domestic migration at the county level, including data on income and educational attainment. The report reveals that large flows of educated workers move both into and between these top counties. Read the Census report…

New York Launches $1B Green Bank; Other States Seeking Best Practices

A proposal first announced during Gov. Andrew Cuomo’s 2013 State of the State address came to fruition earlier this month with a request for proposals (RFP) to fund clean energy projects through New York’s newly established green bank. A green bank is a state-sponsored nonprofit lender that provides long-term, low-cost financing support. Its purpose is to increase public-private investing in clean energy while offering consumers lower-cost energy solutions, according to the Green Bank Academy. Connecticut was the first state to establish a green bank in 2011, but several other states have demonstrated interest. Participants from at least 11 other states wanting to establish their own green banks recently attended the first Green Bank Academy in Washington, D.C.

State and Municipal Investments Seek To Overcome U.S. Broadband Setbacks

Recent court decisions regarding high-speed Internet competition and net neutrality have put U.S. broadband competitiveness on uncertain terrain. Despite two decades of publically supported high-speed data infrastructure efforts, many rural areas still lack access and even densely populated areas remain underserved.  New statewide efforts in Kentucky, Minnesota and Iowa have been announced to improve broadband services and boost economic competitiveness. In addition, Google has announced that it will expand its ultra-fast fiber services to nine more cities across the country.

NIH, Partners Announce $230M Accelerating Medicines Partnership

The National Institutes of Health (NIH) recently announced the Accelerating Medicines Partnership (AMP), a new $230 million public-private venture to transform the current model for developing new diagnostics and treatments by jointly identifying and validating promising biological targets of disease. The first phase of AMP will begin with pilot projects in three disease areas — Alzheimer’s disease, Type 2 diabetes and lupus. NIH and its partners will make the AMP data and analyses publicly accessible to the broad biomedical community.

Indiana Consolidates Entrepreneurial Initiatives

A bill to consolidate several organizations and entrepreneurship efforts into one office led by the lieutenant governor passed in the Indiana General Assembly with unanimous support from both chambers. HB 1332 combines the Young Entrepreneurs Program, the Small Business Development Center and the Small Business Ombudsman into a single entity know as the Office of Small Business and Entrepreneurship. The Office would be responsible for advancing small businesses in the state and operating a network of local, state and federal resources, according to a news release. The bill awaits Gov. Mike Pence’s signature. 

2014 Bills Tackle Crowdfunding, Tax Credits, Startup Capital and More

Several bills aimed at supporting startups, advancing research and improving the workforce have been introduced with the start of the 2014 sessions. Some of the proposed legislation offers a glimpse into the investment priorities of governors and lawmakers in the wake of economic recovery. Providing innovative companies with access to startup funds is a continued theme from previous years. Some states are seeking to expand tax credits for angel investors or offer new tax credits to encourage emerging industries. Other bills focus on generating more skilled workers quickly and positioning universities to enhance regional economic competitiveness.

People on the Move & TBED Organization Updates

Patrick Gallagher has been named the 18th chancellor and chief executive officer of the University of Pittsburgh. Gallagher currently serves as acting deputy secretary of the U.S. Department of Commerce and director of the National Institute of Standards and Technology.

Ben Walker has joined the Innovation Center of the Rockies team as the program manager working directly with CSU Ventures.

Bryan Toney has been named The University of North Carolina at Greensboro’s associate vice chancellor for Economic Development.

Useful Stats: Gross R&D Expenditures and Intensity for Select Countries, 2006-11

The U.S. remains the global leader in research and development (R&D) spending, but its share of global research is on the decline, according to the National Science Board’s (NSB) Science and Engineering Indicators 2014 report. U.S. R&D expenditures, including government, private and academic spending, reached about $428 billion in 2011 (see our previous Digest article on U.S. R&D spending), representing a 21.4 percent increase over 2006. Over the past decade, however, the U.S. share of global spending has fallen from 37 to 30 percent. Much of the decline is due to growing research activity in East, Southeast and South Asia.