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SSTI Commentary: Strategic investment needed now

Thursday, January 23, 2020

A new report underscores the shifting position of the United States in the global R&D competition and the continuing rise of China. While two charts from the National Science Board’s The State of U.S. Science and Engineering summarize the changing nature of this international struggle, the underlying data on where the U.S. and China are investing their resources should really grab the attention of policymakers and one would hope motivate action by the U.S.

  • Read more about SSTI Commentary: Strategic investment needed now

New resource: SSTI breaks down B2S program's Venture and Capital Challenges

Thursday, June 22, 2023

In a recent installment of SSTI’s federal funding video series, SSTI program director Jerry Coughter conducted a two-part interview with Amanda Kosty, management and program analyst with the Economic Development Administration’s Office of Innovation and Entrepreneurship.

In a recent installment of SSTI’s federal funding video series, SSTI program director Jerry Coughter conducted a two-part interview with Amanda Kosty, management and program analyst with the Economic Development Administration’s Office of Innovation and Entrepreneurship. Their discussion focused on the Build to Scale (B2S) program’s two competition tracks: the Venture Challenge and the Capital Challenge. These interviews offer a comprehensive overview of each funding track and its alignment with technology-based economic development (TBED) strategies. They also provide valuable advice on crafting competitive applications, emphasizing understanding and directly addressing the specific challenges your community faces as part of your proposal.

  • Read more about New resource: SSTI breaks down B2S program's Venture and Capital Challenges

Recent State Workforce Initiatives: Skills-Based Hiring, Mature Workers, and Reentry

Thursday, June 22, 2023

As states continue to grapple with the effects of low unemployment and a tight labor market, lawmakers and workforce development organizations also continue to explore how to increase labor participation among nontraditional or marginalized workers – including several states which relaxed child labor laws during this year’s legislative sessions – to address areas or sectors that are experiencing workforce shortages.

  • Read more about Recent State Workforce Initiatives: Skills-Based Hiring, Mature Workers, and Reentry

Clean Energy States Alliance details successes, roadblocks, and strategies of bringing new technology to under-resourced communities

Thursday, January 16, 2020

The Clean Energy States Alliance (CESA) released a report detailing the benefits, obstacles and importance of working with under-resourced communities to facilitate access to solar energy. The report, Solar with Justice, provides a detailed set of recommendations for successfully providing solar technology to low- and moderate-income areas.

  • Read more about Clean Energy States Alliance details successes, roadblocks, and strategies of bringing new technology to under-resourced communities

China surpasses US as global leader in experimental development, US maintains dominance in total R&D expenditures

Thursday, December 5, 2019

The U.S. continues to be the global leader in total R&D expenditures, spending $483 billion (adjusted to 2010 purchasing parity dollars) in 2017 compared to China’s expenditures of $443 billion. However, according to a recent publication from the National Science Foundation, China surpassed the U.S. in expenditures on experimental development in 2014 and has since continued to increase its lead.

  • Read more about China surpasses US as global leader in experimental development, US maintains dominance in total R&D expenditures

$44.4 million announced in new POWER grants

Thursday, October 10, 2019

The Appalachian Regional Commission (ARC) announced $44.4 million in 54 awards to help expand and diversify the economy in Appalachia’s coal-impacted communities through the Partnerships for Opportunity and Workforce and Economic Revitalization (POWER) Initiative. One third (more than $14.6 million) of these investments will develop business incubators, increase access to capital, and provide other services to advance entrepreneurship in Kentucky, Ohio, Pennsylvania, Tennessee, and West Virginia.

  • Read more about $44.4 million announced in new POWER grants

Indiana passes new legislation impacting college affordability and military tax exemptions

Thursday, May 4, 2023

The Indiana General Assembly recently passed three bills that have the potential to impact the workforce in the state. Two bills address college affordability while the third exempts active-duty military from paying individual state income tax.

The Indiana General Assembly recently passed three bills that have the potential to impact the workforce in the state. Two bills address college affordability while the third exempts active-duty military from paying individual state income tax. House Bill 1449 will automatically enroll eligible students in a state program that offers 100% tuition coverage at public colleges, and Senate Bill 167 mandates high school students to complete and submit the Free Application for Federal Student Aid (FAFSA) to increase students applying for financial aid. Meanwhile, House Bill 1034, now signed into law, exempts active-duty military from paying individual income taxes starting with fiscal year 2024.

  • Read more about Indiana passes new legislation impacting college affordability and military tax exemptions

Wind power gains ground in 2018, but faces challenges at federal level

Thursday, August 29, 2019

A trio of reports from the U.S. Department of Energy showed a continued upward trend in wind energy capacity and employment in 2018, as the cost per megawatt (MW) continued to drop due to larger and more efficient turbines. However, the possible elimination of federal tax incentives could slow the long-term growth of wind power, the report cautioned.

  • Read more about Wind power gains ground in 2018, but faces challenges at federal level

Congress proposes omnibus with $1.8 billion for CHIPS & Science Act and additional innovation funding

Tuesday, December 20, 2022

Federal innovation and entrepreneurship initiatives would receive substantial new funding under the text of the omnibus spending bill shared on the morning of Dec. 20 by the Senate Committee on Appropriations. The legislation, which totals $1.7 trillion and covers both regular FY 2023 appropriations and supplement funding, provides a total of $1.8 billion for programs authorized by this year’s CHIPS and Science Act and increases funding for multiple long-standing efforts — including each of the SSTI Innovation Advocacy Council’s priority programs.

  • Read more about Congress proposes omnibus with $1.8 billion for CHIPS & Science Act and additional innovation funding

New A.T. Kearney report fuels debate over U.S. trade policy’s effect on reshoring

Thursday, August 8, 2019

A recent report from global management consulting firm A.T. Kearney calls into doubt the ability of U.S. trade policy in encouraging domestic manufacturing firms to reshore their production efforts. Following the government’s release of 2018 trade data, A.T. Kearney published the findings from its sixth annual Reshoring Index, which compares year-over-year changes in U.S.

A recent report from global management consulting firm A.T. Kearney calls into doubt the ability of U.S. trade policy in encouraging domestic manufacturing firms to reshore their production efforts. Following the government’s release of 2018 trade data, A.T. Kearney published the findings from its sixth annual Reshoring Index, which compares year-over-year changes in U.S. manufacturing gross output to imports of manufactured goods from 14 traditionally low-cost country (LCC) trading partners in Asia.

  • Read more about New A.T. Kearney report fuels debate over U.S. trade policy’s effect on reshoring

New resource: SSTI releases first video on federal funding sources

Thursday, June 1, 2023

Have you ever wondered whether there is a federal program that supports tech-based economic development (TBED) strategies and initiatives--even if it doesn’t explicitly state that science, technology, innovation, or entrepreneurship are priority uses of funds? Actually, a wide variety of federal programs can support these programs. To help organizations identify sources of funding that could be useful, SSTI interviewed representatives from the Economic Development Administration (EDA) to understand better how they can use specific funding opportunities to support TBED activities.

Have you ever wondered whether there is a federal program that supports tech-based economic development (TBED) strategies and initiatives--even if it doesn’t explicitly state that science, technology, innovation, or entrepreneurship are priority uses of funds? Actually, a wide variety of federal programs can support these programs. To help organizations identify sources of funding that could be useful, SSTI interviewed representatives from the Economic Development Administration (EDA) to understand better how they can use specific funding opportunities to support TBED activities.

  • Read more about New resource: SSTI releases first video on federal funding sources

DOL announces apprenticeship awards, new funding, seeks public comment

Thursday, July 18, 2019

The Department of Labor recently announced awards totaling $183.8 million in Scaling Apprenticeships Through Sector-Based Strategies grants. Funded through H-1B visa fees, the grants will support the training of more than 85,000 apprentices. The grantees include 23 academic institutions and grant-matching industry consortia representing 18 states, and includes three SSTI members — the University of Cincinnati, Lorain County Community College and the State University of New York Research Foundation.

  • Read more about DOL announces apprenticeship awards, new funding, seeks public comment

Youth Employment Works: A new national strategy for career pathways

Thursday, April 13, 2023

The U.S. Department of Labor (DOL) recently unveiled a new strategy aimed at improving and increasing access to work experiences for young people. Emphasizing the need for a comprehensive vision to address the challenges young people face in accessing education, training, and meaningful work experiences, the Youth Employment Works strategy represents the first national youth employment strategy in over two decades.

The U.S. Department of Labor (DOL) recently unveiled a new strategy aimed at improving and increasing access to work experiences for young people. Emphasizing the need for a comprehensive vision to address the challenges young people face in accessing education, training, and meaningful work experiences, the Youth Employment Works strategy represents the first national youth employment strategy in over two decades.

  • Read more about Youth Employment Works: A new national strategy for career pathways

Ignoring Industry 4.0 leaves firms vulnerable

Thursday, June 6, 2019

Federal and private R&D portfolios are investing heavily in designing and refining the key innovation components of the transition to cyber-physical systems of production: artificial intelligence, automation, IoT, advanced materials, and dynamic, decentralized decision making to name a few elements. There also is a fair amount of buzz about Industry 4.0 from the big manufacturing consultants and around industry trade shows.  Innovation and optimization, however, appear to be two very distant points on a continuum for both U.S.

  • Read more about Ignoring Industry 4.0 leaves firms vulnerable

SSTI’s TBED Community of Practice launches first three subcommunities

Thursday, April 27, 2023

SSTI’s TBED Community of Practice efforts to strengthen the capacity of EDA grantees recently entered a new phase with the launch of subcommunities focused on risk capital, lab-to-market, and entrepreneurship development. Each of these offers a chance for informal discussions on important issues facing participants. More than 200 individuals signed up to participate in at least one subcommunity. 

Initial calls covered important topics for the tech-based economic development field:

  • Read more about SSTI’s TBED Community of Practice launches first three subcommunities

SSTI among 40 SBA Growth Accelerator awardees

Thursday, May 18, 2023

This week, the U.S. Small Business Administration (SBA) announced 40 new Growth Accelerator Fund Competition awardees. SSTI’s proposal to identify programs and partners that have expanded the participation of minority business owners and researchers in the Small Business Innovation Research (SBIR) program is among the winners.

  • Read more about SSTI among 40 SBA Growth Accelerator awardees

EDA opens Tech Hubs competition

Thursday, May 18, 2023

When Dan Berglund, SSTI’s president and CEO, testified in a hearing before the House on an early draft of the U.S. Innovation and Competition Act, he noted that funding from the federal government that addresses the whole innovation system rather than individual elements of the system would be critical to building a regional innovation economy and different than any other federal program.

  • Read more about EDA opens Tech Hubs competition

Institutions with limited federal funding have new access to R&D programs

Thursday, May 18, 2023

Despite Carnegie Classification as an R2 institution, Northern Illinois University (NIU) and other similar universities do not qualify for existing R&D capacity-building initiatives targeting Established Program to Stimulate Competitive Research (EPSCoR) states or minority-serving institutions (MSIs).

  • Read more about Institutions with limited federal funding have new access to R&D programs

The COVID-19 Recession: A Faster Recovery?

Thursday, May 18, 2023

The recession brought upon by the COVID-19 pandemic (February 2020 – April 2020) saw an extremely sharp drop in both GDP and employment, followed by a relatively fast return to non-recessionary rates of unemployment. This swift recovery was a substantial contrast to the periods of the Dot Com Recession (March 2001 – November 2001) and Great Recession (December 2007 – June 2009). These previous recessions saw both dips in GDP, followed by gradual rises in unemployment rates over several months or years, with a gradual decrease in unemployment over the coming years.

  • Read more about The COVID-19 Recession: A Faster Recovery?

US female workers with doctorates in science, engineering, and health fields increasing

Thursday, February 21, 2019

The number of U.S.-trained female science, engineering, or health (SEH) doctorate holders residing and working in the U.S. has more than doubled, going  from 119,350 in 1997 to 287,250 in 2017, according to a new report from the National Science Foundation (NSF). In 1997, less than one-fourth (23 percent) of the U.S.-trained SEH doctorate holders working in the U.S. were women. Twenty years later, that number had increased to 35 percent.

  • Read more about US female workers with doctorates in science, engineering, and health fields increasing

Practical ways to increase women in entrepreneurship roles subject of new playbook

Thursday, February 21, 2019

Fighting stereotypes, finding capital and scaling up are just some of the techniques outlined in a new playbook designed to bring more women in entrepreneurship roles and revitalize the U.S. economy. Elevating Women in Entrepreneurship, by Erika R.

Fighting stereotypes, finding capital and scaling up are just some of the techniques outlined in a new playbook designed to bring more women in entrepreneurship roles and revitalize the U.S. economy. Elevating Women in Entrepreneurship, by Erika R. Smith and Brita Belli, published by the International Business Innovation Association (InBIA), is a playbook outlining common misconceptions surrounding women in entrepreneurship and a practical guide on overcoming obstacles and building on best practices.

  • Read more about Practical ways to increase women in entrepreneurship roles subject of new playbook

Startup Act reintroduced, would expand federal innovation support

Thursday, January 31, 2019

Senators Jerry Moran (R-Kan.) and Mark Warner (D-Va.), co-signed by Senators Roy Blunt (R-Mo.) and Amy Klobuchar (D-Minn.), re-introduced the Startup Act today. The bill would enact an array of innovation policies, including reauthorizing Regional Innovation Strategies, creating a new commercialization grant program, and implementing a startup visa.

Senators Jerry Moran (R-Kan.) and Mark Warner (D-Va.), co-signed by Senators Roy Blunt (R-Mo.) and Amy Klobuchar (D-Minn.), re-introduced the Startup Act today. The bill would enact an array of innovation policies, including reauthorizing Regional Innovation Strategies, creating a new commercialization grant program, and implementing a startup visa. SSTI has endorsed the bill and hopes to see the legislation passed by the 116th Congress.

  • Read more about Startup Act reintroduced, would expand federal innovation support

National Science Foundation makes 44 Engines Development awards

Thursday, May 11, 2023

This morning, NSF announced 44 development, or Type-1, awards from its first Regional Innovation Engines competition. According NSF’s visualization, 33 of the lead organizations are from academic institutions, with 13 of those from institutions that are not classified as R1s, and the remaining 11 leads from other types of nonprofits.

  • Read more about National Science Foundation makes 44 Engines Development awards

Economic Recovery Corps (ERC) Fellows available

Thursday, May 11, 2023

The International Economic Development Council (IEDC), in partnership with six national and international associations and the U.S. Department of Commerce's Economic Development Administration (EDA), announced the launch of the inaugural Economic Recovery Corps (ERC) program on May 11.

  • Read more about Economic Recovery Corps (ERC) Fellows available

Advanced technology entrepreneurs meet America’s Seed Fund reps at four-day online event

Thursday, May 11, 2023

America’s Seed Fund Week, a Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) event, will be held online May 15-18. The event connects entrepreneurs and organizations that support entrepreneurs to SBIR and STTR, known as America’s Seed Fund. America’s Seed Fund is the largest source of early stage funding in the U.S.

  • Read more about Advanced technology entrepreneurs meet America’s Seed Fund reps at four-day online event

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Recent news from the SSTI Digest

Differences in industry concentrations of VDO and VC investments

Wednesday, August 26, 2026
Data reveal that policymakers should not equate strong Venture Development Organizations (VDOs) with private venture capital companies; the purpose of creating public policy to increase the availability of innovation-centered risk capital can be lost if one presumes VCs and VDOs are the same. While there are many similarities between individual VDOs and VC funds, important differences in industry concentration emerge when the two groups are compared in aggregate, which may result in different long-term economic impacts.  Effective VDOs are important drivers of regional innovation and of pushing emerging tech businesses forward. VC, on the other hand, can play an extractive role, particularly in markets with scarce equity finance options.
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SSTI’s recent TBED Community of Practice webinar took up a practical question raised by the White House Office of Science and Technology Policy report, Science: A New Golden Age: if federal science policy shifts, what changes will universities, commercialization, and regional innovation organizations need to make? The presentation outlined a research system that could look considerably different from the one that has developed since Vannevar Bush’s Science, the Endless Frontier.
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New federal rules, both proposed and finalized, will impact small businesses

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