SSTI Digest

A report many years in the making was released this week by the National Academies of Science, Engineering and Medicine (NASEM) that, for the first time in the organization’s history, confronts racism in its title. After the summer of 2020, following the murder of George Floyd and the Black Lives Matter protests, federal agencies and private foundations prioritized sponsoring a report on antiracism and diversity, equity and inclusion, focused on science, technology, engineering, math and medicine (STEMM). The resulting Advancing Antiracism, Diversity, Equity, and Inclusion in STEMM Organizations: Beyond Broadening Participation aims to move beyond promoting numeric diversity and outlines actions that STEMM leaders and gatekeepers can take to “foster a culture and climate of antiracism, diversity, equity, and inclusion that is genuinely accessible and supportive to all.”

The U.S. Treasury Department announced that the government will begin taking applications May 31 for the first $4 billion of the $10 billion Qualifying Advanced Energy Project Credit program and tax break for solar-and-wind projects in low-income communities. This credit is part of the Inflation Reduction Act and will be available for projects including manufacturing fuel-cell components, adding carbon-capture equipment to existing facilities or processing critical minerals. The department announced $1.6 billion of the initial funding round will be reserved for places where coal mines or coal-fired power plants have closed.

The Economic Development Administration (EDA) recently issued a Request for Information (RFI) on the Regional Technology and Innovation Hub (Tech Hubs) program. The RFI will help the agency gather information from stakeholders to inform the design and administration of Tech Hubs designation, planning, and implementation awards.

The RFI includes questions from EDA on the characteristics of the Tech Hubs, program design, funding and support, and program administration. Respondents are not limited to answering these questions and are encouraged to provide any additional insights or information they believe would improve and strengthen the program.

The comment period for the RFI closes on March 16, 2023.

The U.S. Environmental Protection Agency (EPA) has announced initial guidance on the design of the Greenhouse Gas Reduction Fund (GGRF) program, created under the Inflation Reduction Act. EPA published two Federal Assistance Listings outlining key parameters of the grant competitions that will ultimately award nearly $27 billion to leverage private capital for clean energy and clean air investments across the country.

The U.S. National Science Foundation announced a new $60 million investment led by NSF's Directorate for Technology, Innovation and Partnerships — the Accelerating Research Translation, or ART, program. The program will build capacity and infrastructure at higher education institutions that are needed to strengthen and scale the translation of basic research outcomes into impactful solutions and practice.

Through ART, NSF will provide up to $6 million per award over four years to academic institutions that have demonstrated strong basic science and engineering research but are eager to grow their translational research activities and develop the associated requisite infrastructure. Proposals should have a blend of educational and training opportunities; activities to grow capacity for research in the short and long terms; and, specific activities that show significant promise for translating research results to practice in the short term.

After a busy election season that saw gubernatorial elections in 36 states, newly elected and re-elected governors delivered their annual State of the State addresses, kicking off new programs and reviewing the conditions of their states. SSTI reviews the speeches every year and covers news of new developments and initiatives the governors have highlighted as they relate to the innovation economy. New programs are laid out here in the governors own words as excerpts from their State of the State or budget addresses. Not all governors delivered a State of the State, and some that did may not have revealed new innovation-related initiatives and so are not included in our coverage. Common initiatives among the governors that touched on innovation included an emphasis on workforce, education and broadband; water issues for Western governors; and, clean energy.

The Angel Capital Association (ACA) reports seed stage investments accounted for almost 60% of the total angel deals in 2021, up from 50% in 2020.  These seed stage angel investments represented more than half of the $950 million invested by 180 ACA member groups in 2021.  ACA estimates that portfolio companies raised more than $5 billion, suggesting leverage of more than 5X their initial angel investments. Based on member-submitted direct investment data, the 2022 Angel Funders Report provides an overview of early stage investment trends. Angel investments in health and life sciences firms surpassed those in software, fintech, and hardware. Medical technology and health technology markets, while down from 2020’s COVID-driven levels, remained the leading verticals in 2021.

Deputy Secretary of Commerce Don Graves called on business leaders to “lean into” partnerships with the public sector to strengthen the United States’ position as a global tech leader during remarks at a recent Information Technology Industry Council (ITI) summit. In his speech, Graves emphasized the crucial role that innovation in business models, human capital, and talent management strategies, including diversity and inclusion, play in driving U.S. tech leadership domestically and abroad.

This week, the U.S. Department of Commerce updated its timeline for funding opportunities that support semiconductor and related manufacturing, as well as relevant R&D facilities. The department still intends, as first stated in its strategic plan last fall, to make funding for chip fabrication facilities available later this month. The funding opportunity for related manufacturing will be made available in “late spring.” The announcement, which was made over email, states that funding to support the construction of semiconductor R&D facilities is planned for “early fall” but does not specify if that opportunity would encompass all or just some of the research centers and networks funded in the CHIPS and Science Act. 

Editor's note: The Senate appropriations subcommittees were formally updated after this article originally published. They have been updated to reflect new assignments.

The 118th Congress is now sufficiently organized to know who will sit on each committee that is most directly-relevant to federal innovation and entrepreneurship policy. These new rosters include new leaders. In the Senate, both the commerce committee (Sen. Ted Cruz) and small business committee (Sen. Joni Ernst) have new ranking members. In the House, not only has control switched parties, but there are four new leaders among the eight chair and ranking member seats with important roles in this area. See the lists, below, for an explanation of important committees and their full membership.

SSTI works to educate each of these committees about the importance of regional innovation economies through its Innovation Advocacy Council. Organizations interested in learning more about federal policy in this area or how to educate your delegation should contact SSTI (contactus@ssti.org).

Although freshman enrollment in higher education increased 4.3% in fall 2022 compared to the previous year, total enrollment declined by 0.6% and still remains below pre-pandemic levels. Total enrollment of both undergraduate and graduate levels is down about 1.11 million students (5.8%) compared to fall 2019. Freshman enrollment in community colleges, which had taken a greater hit during the pandemic, is up 6.1% over fall 2019. The new data on enrollment was released by the National Student Clearinghouse Research Center.

Public four-year institutions saw a 1.4% decline in enrollment (-88,000 students), while private for–profit four-year institutions increased 5% from fall 2021 (29,000 more students). Graduate enrollment fell 1.2% after two years of consecutive growth.

The U.S. Department of Energy (DOE) requests input from stakeholders on place-based innovation activities leveraging research institutions, such as (but not limited to) DOE’s national laboratories and sites. Feedback collected as part of this RFI will inform DOE’s future program planning and development efforts. The RFI is an opportunity to provide input on how DOE can catalyze and sustain place-based ecosystems across the country.

The request includes a list of guiding questions about regional characteristics as well as existing and potential place-based regional innovation activities to inform responses.

This RFI is not a Funding Opportunity Announcement, prize, or other solicitation. The comment period concludes on March 28.