SSTI Digest

Efforts to make university funding dependent on performance outputs have done little to increase degree completion rates, according to researchers from the Wisconsin Center for the Advancement of Postsecondary Education (WISCAPE). A WISCAPE study finds that state initaitives to make university funding dependent on number of degree completions, student retention, job placement and other factors have had little to no effect on associate or baccalaureate degree completions. The researchers recommend further investigation into alternative evidence-based methods to improve public-university performance. Download the brief...

In conjunction with its annual Global Entrepreneurship Week, the Kauffman Foundation has released a report tracking per capita startup rates in 40 select U.S. metropolitan areas since 2006. The analysis reveals that startup rates have improved in metro areas, but remain well below pre-recession levels. Data also indicates that larger metros, those with populations greater than one million, have both endured and recovered from the recession slightly better than their less populous counterparts. Kauffman does not single out a single most entrepreneurial large metro, but notes that the Miami, Denver, Los Angeles and Dallas regions have performed impressively since 2006. Download the report...

Innosphere and the Colorado Enterprise Fund are joining forces to launch the Colorado Catalyst Fund, a $20 million community development venture capital fund. The model for the fund was drawn from existing community development venture funds established predominately on the East and West Coast, and will be the first of its kind in the state. The fund will be managed by the Community Development Venture Capital Alliance, which has formed or advised more than 40 of the 70 existing funds across the country. Read more...

An improved fiscal picture emerged for many states in 2013 with several states recently reporting year-end surpluses. Revenue growth and modified tax policies largely contributed to the rebound. Some analysts warn this trend could be short lived, however. State year-end balances are projected to fall by the close of FY14, according to a report from the National Conference of State Legislatures (NCSL), and fiscal analyses from states including Alaska, Connecticut and Illinois, point to large deficits on the horizon.

NCSL's August report pointed to strong general fund revenue growth of 5.3 percent above FY12 levels. In fact, 41 states, the District of Columbia and Puerto Rico reported year-over-year growth in FY13, and in five states, revenue grew by more than 10 percent. A much slower pace of 1.3 percent is projected for FY14, with appropriations budgeted to increase by 3.9 percent resulting in a spending and revenue mismatch.

Manufacturers often struggle with overcoming hurdles to growth, such as implementing new technologies and processes that will streamline operations. A new web-based platform launched in New York aims to address these challenges by connecting small- and medium-sized manufacturing businesses with statewide technology resources and expertise, including industry experts from the New York Manufacturing Extension Partnership, universities and private sector businesses. The initiative, called FuzeHub, allows companies to submit requests for assistance to a team of technical and manufacturing professionals with a quick turn-around time of 48 hours. Customer and market development, supply chain development, technology sourcing and technology transfer are some of the services offered. Read the announcement...

Case studies and outcomes from its initial connections with manufacturing companies are posted on FuzeHub's website: http://fuzehub.com/.

Last week the White House hosted a Google Hangout on the American Maker Movement and highlighted some dynamic programs that are turning the Maker Movement into a legitimate economic development tool for regions across the country.

Event speakers highlighted the rapidly shifting industrial climate in the U.S. as a main driver of the Maker Movement. Low-cost energy, low-cost data storage, and an increasingly skilled workforce are supporting the explosive growth of industrial artisan entrepreneurship. Cities across the country are moving to provide the cooperative workspace Makers need to develop, test, and scale their businesses.

Public institutions also are being transformed into Makers Spaces. The Pittsburgh Kids Museum serves as a national model for public support of Makers programs, providing public space and outreach events at local libraries for Makers programming.

Providing students with industry-relevant education and skills is the idea behind the Youth CareerConnect grant program, which will provide $100 million to implement curriculum for high schools to strengthen the talent pipeline. In partnership with the Department of Education, the Department of Labor will award 25-40 grants for individual or multistate projects using revenues from the H-1B visa program. The goals are to integrate both career and academic learning, provide work-based learning opportunities, better engage employers, and elevate industry training. Grantees must demonstrate a strong public-private partnership, which includes a local education agency, a workforce investment system entity, an employer, and an institution of higher education. Read the announcement: http://www.dol.gov/opa/media/press/eta/ETA20132231.htm.

This week, the White House Office of Science and Technology Policy (OSTP) released a wide-ranging roundup of new and ongoing efforts to leverage availability of large, accessible data sets to spur innovation. While many of these efforts were focused on supporting research on the potential of big data, several agency efforts are using the model of open data app competitions to fuel private-sector business creation. One of these efforts, the Department of Energy's American Energy Data Challenge, is capitalizing on successful experiments in big data competitions done at the regional and state level.

The OSTP report, released in conjunction with a "Data to Knowledge to Action" event this week details the investments made in large data set efforts since the White House kicked off its $200 million big data initiative last year. These include ongoing research projects at the National Science Foundation, the Defense Advanced Research Projects Agency, DOE, NASA, the U.S. Geological Survey and the National Institutes of Health.

Massachusetts Governor Deval Patrick has made a series of announcements over the past few weeks aimed at improving the high-tech skill set of the state's workers and students. A new STEM strategic plan released yesterday would refine Massachusetts' efforts to expand the pipeline of young, skilled science and technology workers and improve the quality of STEM education. The plan is an update of goals originally set by the governor in 2010, and is focused on increasing the percentage of highly-skilled Pre-K-16 STEM teachers and growing the share of students who enter post-secondary STEM programs. Read the announcement...

Fresh off a nationwide listening tour and against the backdrop of 1776, a global hub for startups in Washington, D.C., U.S. Secretary of Commerce Penny Pritzker unveiled the department's strategic vision and priorities focused on three key areas: trade, innovation and data. Pritzker said her department will make sure businesses have a strong voice when it comes to strengthening the digital economy by working to protect intellectual property, ensuring robust cybersecurity infrastructure and championing free and open Internet. In the coming months, Commerce will develop a coordinated approach to those policies that affect businesses.

Follow-on funding, access to technology, talent and resources all can be barriers to commercialization and successfully spinning off sustainable companies. Always seeking a quicker, more viable path to market for technologies and products, university-based programs and public-private partnerships try to tackle these hurdles, which often times are region-specific. Such is the case in Long Island, NY, where a recent partnership between a nonprofit organization and venture capital firm is working to address access to capital concerns. Other recent initiatives addressing region-specific barriers have launched in Indiana and Wisconsin.

Save the date!
Hosted by the Illinois Science & Technology Coalition and the Illinois Department of Commerce and Economic Opportunity, SSTI's 18th Annual Conference will be held in Chicago at the Westin Chicago River North Hotel on September 14-16, 2014.

Chicago provides an excellent backdrop for SSTI's 18th Annual Conference. Illinois has a vibrant technology community that is using innovative approaches to bring together state and local partnerships to positively impact the economy.

Keeping with years past, the agenda will be set by SSTI member recommendations to ensure the conference will be packed with the most timely and relevant sessions. Look for more information on SSTI's conference website at: http://ssticonference.org/. Sponsorship opportunities are available; contact Noelle Sheets at sheets@ssti.org for more information.