SSTI Digest

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Though innovation and entrepreneurship was notably absent from Wednesday's presidential debate on domestic policy, presidential candidates Mitt Romney and Barack Obama have acknowledged the importance of technological innovation in stimulating the economy and bolstering U.S. competitive capabilities in the global economy. As can be seen in the candidates' statements and party platforms, President Obama supports a publically driven innovation plan that partners with industry to make strategic investments, while Romney tends to emphasize the necessity of corporate tax and regulatory reform in creating a supportive framework in which private sector innovation can thrive.

The White House announced the Make it in America Challenge, a $40 million multi-agency initiative to help regions across the country provide the critical infrastructure, strategic planning, capacity building, technical assistance and workforce development resources necessary to foster insourcing by U.S. firms. Led by the Economic Development Administration, an interagency panel will make up to 16 awards to projects that encourage businesses to bring production back to or expand their operations in the United States. A federal funding opportunity for the Make it in America Challenge will be announced by the start of 2013 to provide detailed guidelines and deadlines for for applications. Visit the challenge website...

A culmination of twelve months of data measuring the Illinois innovation economy finds improved economic growth in four sectors: dynamism, capital, talent, and business climate. Positive indicators include record growth in university startups and a significant increase in invention disclosures and patents awarded to Illinois universities. Additionally, venture capital funding reached a ten-year high of $1.4 billion in 2012. The state also recognizes room for improvement, including increasing the number of STEM degrees awarded to Illinois graduates and better aligning workforce skills with labor market demands. The report and accompanying video will be unveiled today at: http://www.illinoisinnovation.com/innovationindex/.

The Department of Commerce announced the winners of the Strong Cities, Strong Communities (SC2) Challenge, the Economic Development Administration-led competition seeking to help cities and regions develop a comprehensive economic development strategy. Greensboro, North Carolina, Hartford, Connecticut, and Las Vegas, Nevada each were awarded $1 million to assist in the refinement and implementation of their respective plans. This year's competition follows on the success of a 2011 pilot program, which made awards to six cities, and a Presidential Executive Order signed in March establishing the White House Council on Strong Cites, Strong Communities.

The Illinois Science & Energy Innovation Foundation, a $72.5 million investment fund approved by the state's General Assembly last year, debuted this week. While 70 percent of the fund will be used to educate consumers about smart grid technology, another $22.5 million, provided by utility companies, will support grants, loans and contracts to groups working on smart grid technologies, according to the Chicago Tribune. Read more about the fund...

Whether to attract federal grants, keep up with demand to graduate more highly skilled students, or advance the capabilities for research and exploration, universities are pushing for state funding to invest in science buildings and other infrastructure needed to expand research capacity and improve competitiveness. In New Jersey, a measure to approve $750 million in higher education borrowing to build and renovate campus facilities will go to the voters in November. Meanwhile, university leaders in New York and Utah recently pitched proposals to state leaders for new science and technology buildings they say will educate more students and create high-wage jobs.

New Jersey
Backed by Gov. Chris Christie, the New Jersey measure is the first higher education bond issue to appear on the ballot in 24 years. While borrowing for capital improvement would be divided among the state's public and private colleges, a provision was added to the law excluding private colleges with endowments of more than $1 billion from receiving any of the funds.

The U.S. economy is poised to create up to five million new manufacturing jobs by 2020 due to increasing demand for U.S. exports, according to new research from the Boston Consulting Group (BCG). Since 2006, U.S. exports have risen by 30 percent — far outpacing the growth in gross domestic product (GDP). BCG senior partner, Harold L. Sirkin, projects that the demand for U.S. exports will continue to grow, leading to an American Manufacturing renaissance between 2015 and 2020. This positive news contradicts prevailing attitudes about the declining competitiveness of the U.S. manufacturing sector, especially in comparison to China.

The Obama administration announced the winners of the third round of the i6 Challenge, a national competition to support proof of concept centers at universities and research consortiums across the country. Approximately $7 million will be awarded to support seven proof of concept centers — based in California, Florida, Indiana, Missouri, New Mexico, Virginia and Wisconsin — that will establish regional networks of experts to support innovators and researchers, expand access to capital and connect mentors/advisors to entrepreneurs and small businesses. Read the press release...

The Department of Labor announced over $175 million in new funding for community colleges to grow and enhance their manufacturing education and training programs through partnerships with local employers. Part of the $500 million Trade Adjustment Assistance Community College and Career Training (TAACCCT) initiative, the grants are intended to promote skills development and employment opportunities in advanced manufacturing. Through the TAACCCT initiative, each state plus the District of Columbia and Puerto Rico will receive at least $2.5 million in dedicated funding for community college career training programs in fields such as advanced manufacturing, transportation, health care and other science, technology, engineering and math (STEM) careers. Read the press release...

The National Science Foundation (NSF), in partnership with NASA, the National Institutes of Health and the U.S. Department of Agriculture awarded nearly $50 million to grantees for the development and use of robots that cooperatively work with people to enhance individual human capabilities, performance and safety. These awards mark the first round of awards of the Obama administration's National Robotics Initiative (NRI), a federal program established in 2011 to spur innovative robotics research and applications emphasizing the realization of co-robots acting in direct support of and in a symbiotic relationship with human partners. Awardees represented universities from across the country including Arizona State University, Carnegie-Melon University, Georgia Institute of Technology, Idaho State University, Michigan State University, Stanford University and the University of Utah. Read the press release...

NSF and its partners also released a new $15 million funding announcement for the National Robotics Initiative to support up to 40 new robotics research projects across two funding tracks:

During a lively discussion session — Recent Federal Efforts: What's Happened, What's Working and What Should Change — SSTI will bring together the members of the economic development community to review what the federal government has done, how it has worked for the tech-based economic development community, and what changes should be made to improve the federal programs. Whether it's multi-agency initiatives such as the i6 Challenge Jobs and Innovation Accelerator Challenge or single agency activity at the U.S. Department of Energy, the National Science Foundation, and the Small Business Administration, the federal government's involvement in encouraging economic growth through science, technology and innovation has escalated in recent years. This session will give you the opportunity to share your thoughts on their successes, failures and what they can do better. Learn more about this session by visiting the conference website.