IN Gov Releases Details on $360M Bioscience Research Institute
Governor Mike Pence has released details on Indiana's statewide public-private collaborative life sciences partnership. The estimated $360 million Indiana Biosciences Research Institute will receive $25 million for the biennium from the state of Indiana to cover startup costs, which will be augmented by another $25 million from industry and philanthropic sources (see the May 8 issue).
Tech Talkin' Govs, Part VI
MI Budget Seeks to Reform Economic Development Incentives
With no significant boost in funding for Michigan's economic development efforts proposed in the executive budget, Gov. Rick Snyder outlined steps to reform the way businesses are incentivized and modify the state's approach to job creation by better supporting local and regional initiatives as a means to transform the state's economy.
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.
NY Gov Unveils Tax-Free Zones at SUNY Campuses
Businesses on SUNY campuses outside of New York City, and on certain designated private campuses, will be exempt from sales, property and corporate state taxes under a new initiative unveiled this week by New York Gov Andrew Cuomo. In addition, employees of these businesses will be exempt from income taxes. Eligible businesses must have a relationship with the host university related to its academic mission. The state will offer an additional 3 million square free of tax-free commercial space at New York private universities as part of the Tax-Free NY initiative.
Seattle, Atlanta Launch New Initiatives to Support Startups
New nonprofit initiatives have been re-defined in Seattle and Atlanta to support their cities' startup communities. Startup Seattle and Startup Atlanta will work to serve, support, and link the regional innovation systems and startup ventures in their respective cities. Both entities previously were developed by and for the local entrepreneurial communities to support new companies but are restructuring as independent organizations.
Communities Reshape Unused Sites, Buildings to Spur Tech Growth
London's Mayor Boris Johnson has announced an initiative to transform Olympic Park into a creative and digital business hub for the city. According to an article from startups.uk, the proposed redevelopment promises to boost the United Kingdom's (UK) GDP by $450 million ($692.5 million US) and create more than 6,500 new jobs.
Puerto Rico Gov Joins List of Govs Using Executive Orders to Boost Renewable Energy
Puerto Rico Gov. Alejandro Garcia Padilla recently issued three executive orders aimed at advancing the island's renewable energy industry. The orders will grant priority approvals to renewable energy projects and introduce two new councils that will coordinate energy initiatives. Gov. Garcia Padilla joins a growing list of governors who have used executive orders to quickly implement energy policies without going to the legislature.
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For as little as $2,000, you can highlight your organization, support SSTI -- and receive a registration to this year's conference in Portland, OR, Sept. 15-17! The more support we receive the larger the impact of the conference. Over the last few years SSTI has been able to introduce automatic polling, discussion groups, dine-arounds and numerous other opportunities because of the generous support of our sponsors.
Texas Lawmakers Boost Emerging Tech Fund by $50M, Pass R&D Tax Credit
The budget agreement reached by Texas lawmakers earlier this week includes $50 million in new funds to provide grants to technology companies for research and commercialization activities under the Emerging Technology Fund (ETF). A bill to address accountability and transparency of the fund was passed in the House, but later removed from the Senate calendar despite controversy surrounding the decision-making authority of the grants.
Communities Reshape Unused Sites, Buildings to Spur Tech Growth
London's Mayor Boris Johnson has announced an initiative to transform Olympic Park into a creative and digital business hub for the city. According to an article from startups.uk, the proposed redevelopment promises to boost the United Kingdom's (UK) GDP by $450 million ($692.5 million US) and create more than 6,500 new jobs.
Federal Government Stepping Up to Coordinate State Cybersecurity Efforts
Threats to America's cybersecurity continue to make headlines, underscoring the growing importance of protecting our country's digital infrastructure. As national security experts continue to grapple with how to address the challenge, the federal government is stepping up to coordinate state cybersecurity efforts. In an effort to promote our country's economic security and boost innovation and competitiveness, the National Institute of Standards and Technology (NIST) is working with states and the private sector to develop a framework for national cybersecurity standards.
Policy Groups Debate Existence of STEM Worker Shortage
As Congress considers comprehensive immigration reform, policymakers are debating the effect of high-skilled immigration on the U.S. economy. Amidst the fervent discussion, the question has been raised of whether or not there is a shortage of domestic high-skilled workers, especially those in the field of science, technology, engineering and math; a question that now is being fiercely debated by two renowned policy groups. Researchers from the Economic Policy Institute (EPI) recently made the claim that the U.S. has a sufficient supply of workers to fill the demand of STEM occupations.
Tech Talkin' Govs, Part V
NY Governor Wants to Create Regional Councils, Consolidate NYSTAR
Gov. Andrew Cuomo announced plans to direct $200 million in existing funds to establish 10 regional economic development councils to allocate funds and provide business assistance programs across the state. At the same time, the governor would consolidate programs supporting high-tech companies currently administered by the New York State Foundation for Science, Technology and Innovation (NYSTAR) with the Empire State Development Corporation (ESDC) — a move he says will eliminate duplicative functions and save the state $1.9 million in the coming year.
Federal Agencies Release Information on Manufacturing Institutes, Manufacturing Partnership
Last week, the Obama administration announced that it would commit $200 million to establish three new manufacturing innovation institutions in 2013 (see the May 8, 2013 issue of the digest).
Private Sector Partnerships Emphasized in North Dakota's Centers of Excellence Successor Program
A new program that builds upon the successes of North Dakota's Centers of Excellence and Research Excellence programs will fund up to half of the cost of R&D and commercialization projects conducted by the state's research universities. Under Research North Dakota (RND), the development and commercialization of new products will be achieved on a project-by-project basis and state funds will be matched with private-sector cash investment.
What Makes a TBED Initiative the "Most Promising"?
Around the country, practitioners have gotten creative in their efforts to solve problems seen as barriers to economic growth. In Arizona, BioAccel has developed an innovative approach to funding and serves as a promising model for organizations dedicated to technology driven economic development by working with universities, medical centers and entrepreneurs to translate late stage discovery research into commercial products.
Regions Target Education Partnerships to Develop Next Generation Workforce
A recent report from Brookings suggests that, for a variety of reasons, the value of a traditional four-year degree is diminishing. At the same time, U.S. employers continue to reference a general lack of employable skills as a major obstacle to employment growth. Across the country, regions are using new, innovative approaches to develop their local workforce while also educating students to compete in a 21st century global economy.
NOAA Aims to Improve Research Partnerships to Achieve Five-Year Goals
Earlier this month, National Oceanic and Atmospheric Administration (NOAA) released their five-year plan for R&D activities that align with the agency's long-term goals within a rapidly changing society and environment. The plan, entitled Research and Development at NOAA: Environmental Understanding to Ensure America's Vital and Sustainable Future, calls for expanding socioeconomic and integrated ecosystems research and improving its internal and external technology development partnerships.
Community Initiatives Helping Overcome Persistent Digital Divide
A recent study by the Pew Research Center suggests that the United States continues to suffer from a digital divide
in Internet usage, a gap in accessibility and digital literacy between rich and poor and urban and rural. While corporate investment in national broadband infrastructure has increased the quality of service for affluent urban populations over the past decade, the expansion of service to disadvantaged communities has been left to the public sector.
TBED People and Orgs
Sean Greene has joined the Case Foundation as entrepreneur in residence. Greene most recently served as associate administrator for Investment and special advisor for Innovation at the U.S. Small Business Administration.
Spending Plans in IA and MA Seek to Balance Cuts with Job Creation Efforts
Deep cuts to higher education and reorganizing economic development efforts are common themes in executive budget proposals across most of the country as governors seek to both reduce spending and create jobs. Iowa Gov. Terry Branstad recently introduced legislation to replace the state's existing economic development agency with a public-private partnership. Meanwhile, his budget eliminates the Iowa Power Fund, established by the legislature in 2007 to invest in private sector renewable and alternative energy industries. In Massachusetts, Gov.
Obama Administration Launches Competition for Three Manufacturing Innovation Institutes
The Obama administration will commit $200 million from five federal agencies to create three new manufacturing innovation institutions in 2013. Building on the Additive Manufacturing pilot initiative launched in Youngstown, OH, last year, the Department of Defense will lead two new institutes focused on Digital Manufacturing and Design Innovation
and Lightweight and Modern Metals Manufacturing.
A third institute, led by the Department of Energy, will focus on Next Generation Power Electronic Manufacturing.
Competition for these new institutes is open immediately.