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States and Cities Push Forward with Immigration Reform to Promote Entrepreneurship

Thursday, February 13, 2014

In the U.S. there is strong bi-partisan consensus that immigration is a key driver for entrepreneurship and regional competitiveness.  With federal immigration reform essentially shelved for 2014, cities and states are searching for their own solutions to attract and retain high-skilled immigrants. Proposals by Michigan Gov. Rick Snyder and other policymakers represent new approaches to immigration reform that can support local entrepreneurship and regional economic development.

  • Read more about States and Cities Push Forward with Immigration Reform to Promote Entrepreneurship

Tech Talkin’ Govs: Part VI

Thursday, February 13, 2014

The sixth installment of SSTI’s Tech Talkin’ Govs series includes excerpts from speeches delivered in New Hampshire and Wyoming.

  • Read more about Tech Talkin’ Govs: Part VI

Around the World in TBED

Wednesday, February 12, 2014

The United Kingdom (UK) recently announced that it will petition the European Commission, the European Union’s executive body, for permission to increase the size of tax relief for social investments that address significant social issues. In the U.S., Georgetown University and Portland State University recently announced new initiatives to promote innovation that will address social issues. These universities join a growing number of institutions of higher education that are working to grow domestic social innovation, train a generation of social entrepreneurship and spur social impact investing.

  • Read more about Around the World in TBED

SBA Offers Clarifying Changes to Final Policy Directive for SBIR/STTR

Wednesday, February 12, 2014

In response to public comments on SBIR/STTR rule changes resulting from the National Defense Authorization Act for FY12, the Small Business Administration (SBA) amended its policy directives for the programs, including changes to eligibility and the award process. The amendments also involve minor clarifying changes to ensure participants better understand certain program requirements.

  • Read more about SBA Offers Clarifying Changes to Final Policy Directive for SBIR/STTR

Governors Prioritize Funding Toward High-Tech Facilities

Tuesday, February 11, 2014

Having world-class facilities to train workers or support research in fields most likely to benefit the state is a draw for many reasons. Attracting outside investment, retaining talent and generating buzz are just a few of the benefits. Last year, Connecticut lawmakers dedicated more than $2 billion to expand science and technology education on the campuses of the University of Connecticut, including construction of new STEM facilities and for building research and teaching labs. Michigan Gov. Rick Snyder is the latest state leader to announce funding proposals aimed at either constructing new facilities or making capital improvements for training students in high-wage, high-demand fields. Similar announcements were made earlier this year in Florida, Georgia, Rhode Island and Wyoming.

  • Read more about Governors Prioritize Funding Toward High-Tech Facilities

Economic Development Leader Rich Lunak Joins SSTI Board

Friday, February 7, 2014

Rich Luank, President & CEO of Innovation Works, recently was elected to the State Science and Technology (SSTI) Board of Trustees. Lunak will assist in providing strategic guidance and oversight of SSTI’s operations as the group works to encourage economic growth through science, technology and innovation.

  • Read more about Economic Development Leader Rich Lunak Joins SSTI Board

$25M Fund Would Help Modernize Connecticut Manufacturing, Gov Says

Thursday, February 6, 2014

Companies that locate in the 42 communities known as historic manufacturing hubs would be given priority to receive funds for modernizing production, purchasing equipment, developing new technologies, and training workers under a proposal introduced by Connecticut Gov. Dan Malloy.

  • Read more about $25M Fund Would Help Modernize Connecticut Manufacturing, Gov Says

People on the Move & TBED Organization Updates

Thursday, February 6, 2014

Robbie Melton has been named the executive director and CEO of the High Technology Development Corporation.

Gov. Bobby Jindal has appointed Louisiana Tech University president Les Guice to chair the Louisiana Innovation Council.

  • Read more about People on the Move & TBED Organization Updates

Useful Stats: U.S. Seed and Early Stage Venture Capital Investment by State, 2008-13

Thursday, February 6, 2014

Last year, U.S. venture capitalists invested about $10.7 billion in seed and early stage companies, 17.1 percent higher than 2012, according to data from the National Venture Capital Association (NVCA) and PricewaterhouseCoopers (PwC) Moneytree survey.  Though the overall venture capital (VC) market has returned to about the same level of activity as before the economic crisis, investment in seed and early stage companies has grown by more than a third.

  • Read more about Useful Stats: U.S. Seed and Early Stage Venture Capital Investment by State, 2008-13

New and Public Investors Join Seed and Early Stage Capital Boom

Thursday, February 6, 2014

Angel and venture capital firms invested more in seed and early stage companies last year than any time in the past decade (for details see the related Useful Stats article). Seed and early stage companies appear to be generating a great deal of attention from the venture capital industry, even as overall U.S. investment activity remains steady.

  • Read more about New and Public Investors Join Seed and Early Stage Capital Boom

Tech Talkin’ Govs: Part V

Thursday, February 6, 2014

The fifth installment of SSTI’s Tech Talkin’ Govs series includes excerpts from speeches delivered in Connecticut, Maine, Oklahoma, and Tennessee.

  • Read more about Tech Talkin’ Govs: Part V

Manufacturing Groups, Private Sector Tapped to Advance Delaware Workforce

Wednesday, February 5, 2014

Delaware Gov. Jack Markell outlined a FY15 budget proposal with further detail and funding levels for TBED priorities announced in his recent State of the State address. The budget would provide $1 million to create a faster path to degree or certificate completion in advanced manufacturing and establishes a $3 million cyber workforce initiative. Higher education institutions would be tapped as partners for the new initiatives, and also would receive an additional $2 million for federal R&D matching grants as part of the budget recommendations

  • Read more about Manufacturing Groups, Private Sector Tapped to Advance Delaware Workforce

Tech Talkin’ Govs: Part IV

Thursday, January 30, 2014

The fourth installment of SSTI’s Tech Talkin’ Govs series includes excerpts from speeches delivered in Illinois, Massachusetts and Utah.

  • Read more about Tech Talkin’ Govs: Part IV

President Urges Expansion of National Manufacturing Network in State of the Union Address

Thursday, January 30, 2014

In his fifth State of the Union address, President Barack Obama touted the administration’s Institutes of Manufacturing Innovation program as central to its plan to reinvigorate the American economy. The president called on Congress to expand the manufacturing network beyond the two existing institutes in Ohio and North Carolina and the six additional institutes to be rolled out in 2014. He also requested legislative action to undo last year’s sequester-related cuts to basic research, to pass patent reform and to improve U.S. STEM education.

  • Read more about President Urges Expansion of National Manufacturing Network in State of the Union Address

Useful Stats: U.S. Venture Capital Per Capita and Share of National Total by State, 2008-13

Wednesday, January 29, 2014

After hitting an all-time high in 2012, California’s dominance of the nation’s venture capital activity receded a bit last year. California continues to receive about half of the country’s venture investment dollars and about 40 percent of its dealflow, but in 2013, the state’s share of dollars fell from 53 to 50 percent, according to data from the PricewaterhouseCoopers/National Venture Capital Association (PwC/NVCA) Moneytree survey. Massachusetts, which has been host to about 10 percent of national venture activity in past years, also saw its share of total U.S.

  • Read more about Useful Stats: U.S. Venture Capital Per Capita and Share of National Total by State, 2008-13

FL, LA Govs Challenge Educators to Develop Top-Notch STEM Workforce

Wednesday, January 29, 2014

Filling the pipeline with skilled workers able to perform the high-tech jobs employers say are sitting vacant has long been advocated by state leaders and policymakers as essential to competing in the global economy. Governors in Florida and Louisiana are stepping up efforts this legislative session with proposed multi-million dollar investments through training and scholarship programs to change the landscape of their states’ workforce.

  • Read more about FL, LA Govs Challenge Educators to Develop Top-Notch STEM Workforce

NY Budget Proposes New Genomic Medicine Network, STEM Scholarship

Tuesday, January 28, 2014

The FY15 budget proposal outlined last week by Gov. Andrew Cuomo would provide funding to continue many of New York’s innovation-focused efforts while investing in new initiatives, including a genomic medicine network and STEM scholarship program.

  • Read more about NY Budget Proposes New Genomic Medicine Network, STEM Scholarship

MI University Research Corridor Leads in Talent Production, According to Report

Thursday, January 23, 2014

Michigan’s University Research Corridor (URC), an alliance between the state’s three largest higher education institutions, leads its peer clusters in generating high-tech talent and ranks second overall in innovation activity, according to a report commissioned by URC.

  • Read more about MI University Research Corridor Leads in Talent Production, According to Report

North Dakota Expands Innovate ND Entrepreneurship Program

Thursday, January 23, 2014

North Dakota has announced it will relaunch its Innovate ND business venture competition as a more expansive suite of services for innovative startups and entrepreneurs. Participants will receive vouchers for up to $2,500 to help pay for coaching and consulting services at an entrepreneurial center, development of a business plan or building a prototype. Education services also will be available, including biannual Entrepreneur Boot Camps.  Read the announcement…

  • Read more about North Dakota Expands Innovate ND Entrepreneurship Program

Ontario’s New Public-Private Fund-of-Funds Could Raise $300M

Thursday, January 23, 2014

Ontario officials launched a new fund-of-funds this week intended to boost capital resources for high-tech companies. The Northleaf Venture Catalyst Fund is a privately led initiative, supported by federal and provincial funds. The governments of Canada and Ontario have agreed to make a combined capital commitment of $1 for every $2 secured from the private sector. Current commitments total $217.5 million CAD ($195.4 million USD), but leaders hope to match the government’s maximum match level of $300 million CAD ($269.6 million USD) in a second closing later this year.

  • Read more about Ontario’s New Public-Private Fund-of-Funds Could Raise $300M

Tech Talkin’ Govs: Part III

Thursday, January 23, 2014

The third installment of SSTI’s Tech Talkin’ Govs series includes excerpts from speeches delivered in Delaware, Michigan, Missouri and New Mexico.

  • Read more about Tech Talkin’ Govs: Part III

Budget Round Up: States Address Higher Ed Affordability, Research Capacity, Workforce

Thursday, January 23, 2014

Several common themes surrounding higher education have emerged as governors across the country unveil investment priorities for the upcoming fiscal year or biennium. In many states, governors have proposed more funding to increase affordability by freezing tuition or creating new scholarship funds. Support for expanding research capacity, technology-related infrastructure and job training in high-demand industries are some of the proposed measures aimed at competitiveness.

  • Read more about Budget Round Up: States Address Higher Ed Affordability, Research Capacity, Workforce

Useful Stats: U.S. Venture Capital Investment Dollars and Deals by State, 2008-13

Tuesday, January 21, 2014

Powered by strong growth in the Internet and Software sectors, U.S. venture capital activity grew by about 7.5 percent in 2013, according to new data from the NVCA/PWC Moneytree survey. Both venture dollars and deals ticked up last year, bouncing back to 2011 levels after a slow 2012. SSTI has prepared tables of U.S. venture capital investment levels by state in terms of deals and dollars for the 2008-13 period.

  • Read more about Useful Stats: U.S. Venture Capital Investment Dollars and Deals by State, 2008-13

Three High-Tech Tax Credits Expanded in Maryland Gov’s Budget

Monday, January 20, 2014

Gov. Martin O’Malley’s FY15 budget includes increased funding for the state’s biotech tax credit, cyber tax credit and R&D tax credit, and provides level funds to continue longstanding tech-based and workforce initiatives.

  • Read more about Three High-Tech Tax Credits Expanded in Maryland Gov’s Budget

Weekly Roundup: Stories You May Have Missed in the SSTI Digest

Friday, January 17, 2014

This week, Congress approved a $10 million appropriation for the Department of Commerce’s Regional Innovation program in the FY14 Omnibus Appropriations bill and the SSTI Digest continued its Tech Talkin’ Govs series, as governors in nine states outlined their innovation plans and achievements.

  • Read more about Weekly Roundup: Stories You May Have Missed in the SSTI Digest

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