The Economic Development Administration’s (EDA) Regional Technology and Innovation Hubs (Tech Hubs) and National Science Foundation’s (NSF) Regional Innovation Engines (Engines) programs require regions to advance a critical technology area that already has traction in their region.
The National Science Foundation’s (NSF) Directorate for Technology, Innovation, and Partnerships (TIP) has released a new pilot map with data on over 3,300 awards nationwide managed by TIP starting from fiscal year 2023.
The U.S. Department of Commerce recently issued a Notice of Intent (NOI) to open a competition for new research and development (R&D) activities to accelerate domestic capacity for semiconductor advanced packaging. As part of CHIPS for America, the National Advanced Packaging Manufacturing Program plans to invest up to $1.6 billion to fund innovation in five R&D areas related to semiconductor advanced packaging.
Natcast, the nonprofit entity that operates the National Semiconductor Technology Center (NSTC) Consortium, recently launched the NSTC Workforce Partner Alliance (WFPA) program. The program seeks to address workforce challenges in the U.S. semiconductor industry by supporting projects that close skills and labor market gaps for researchers, engineers, and technicians in semiconductor design, manufacturing, and production.
House Committee on Energy and Commerce Chair Cathy McMorris Rodgers recently published Reforming the National Institutes of Health: Framework for Discussion. The blueprint calls for reducing the number of NIH institutes and centers (ICs) from 27 to 15, largely by merging some of them. The reorganization and proposed funding levels are illustrated in Figure 1.
The U.S. Small Business Administration (SBA) recently announced plans to launch a 7(a) Working Capital Pilot (WCP) Program later this year. The program will offer a lines of credit, made by 7(a) lenders and backed by the SBA. It is designed to give greater flexibility than a traditional term loan.
Note: This brief quasi-book review/book synopsis is the first item in an experimental new section of SSTI’s newsletter, potentially joining other regular sections such as Useful Stats, Fed/Leg News, State News, Member Updates, and Recent Research. Its periodic continuation after the contributions we present over the summer will depend on feedback from our members and Digest readers. Comments may be shared with skinner @ ssti.org
Three pieces of federal legislation enacted in 2021 and 2022—the Infrastructure Investment and Jobs Act (IIJA), CHIPS and Science Act (CHIPS Act), and Inflation Reduction Act (IRA)—collectively authorize nearly $1.5 trillion to reshape America’s industrial landscape. But will this money help the 107 Black-owned and 151 Hispanic-owned companies in the manufacturing supply chains that the legislation is designed to support?
The Small Business Administration recently released a new solicitation for the Regional Innovation Clusters initiative. Unlike what SBA has done in recent years, and returning to the program’s roots, all nonprofit organizations are eligible to apply alongside for-profit firms. In a change from prior solicitations, proposals must include whether the work will support an emerging or mature cluster. The timeline is relatively tight: submissions are due July 26.
The Economic Development Administration today announced $504 million in funding across 12 Tech Hubs, the culmination of a 14-month selection process to choose the first regions funded for implementation projects under the program. The 12 Hubs receiving implementation awards are listed in the graphic below.
Editor's Note: This article was updated on July 1 to reflect an amendment during the full House's consideration of the FY 2025 defense appropriations bill that restored the APEX accelerators program to its FY 2024 funding level.
The U.S. House Committee on Appropriations' decision to cut non-defense spending by six percent in its initial FY 2025 spending bills is yielding predictably mixed results for programs relevant to tech-based economic development (TBED). Amidst the overall cuts, flat funding for the Economic Development Administration’s Build to Scale ($50 million) and Tech Hubs ($41 million) might be viewed as positive news. Programs bearing the brunt of budget cuts include the rest of EDA (30% reduction), the Minority Business Development Agency (20% reduction), and the Small Business Administration’s accelerators competition ($0). Meanwhile, the committee is proposing to maintain level funding for the National Institutes of Health but condensing from 27 centers into 15.
The CHIPS Research & Development Office (CHIPS R&D), part of the U.S. Department of Commerce, is tasked by the CHIPS and Science Act to invest $11 billion to ensure the U.S. develops and maintains a robust semiconductor workforce. Accordingly, CHIPS R&D anticipates that its Notice of Funding Opportunities (NOFOs) will require applicants to submit an Education and Workforce Plan (EWD). CHIPS R&D recently issued a guidebook for creating an EWD.
Nearly one out of every four workers in the United States is now involved in a STEM occupation, and 41 percent of those STEM workers do not have an associate’s degree or higher, according to data presented in the latest NSF Science & Engineering Indicator report, The STEM Labor Force: Scientists, Engineers, and Skilled Technical Workers.
The recently released annual impact report from JumpStart, a Northeast Ohio-based venture development organization celebrating its 20th anniversary this year provides one of the latest examples of the out-sized economic and social benefits states and regions receive by making sustained investments in well-designed nonprofit, public-private TBED initiatives supporting innovation-driven entrepreneurs.
Coming out of the COVID-19 pandemic, the median net worth of Americans jumped an inflation-adjusted 37%, from approximately $141,000 to $192,000, representing the largest increase reported across available data from the Federal Reserve’s Survey of Consumer Finances (SCF). Breaking net worth down into its two main components, assets and debts, shows that while debts have increased, the sharp rise in assets—both financial and nonfinancial—has driven these numbers.
July 25 at 3pm ET | Free
Immigrant talent is a key driver of innovation in technology and entrepreneurship. However, navigating and understanding the many legal options available can be challenging. Join this TBED Community of Practice webinar to learn about pathways for TBED immigration, including lesser-known tools and under-utilized features of common immigration paths.
Speakers:
Sophie Alcorn, Founder & CEO of Alcorn Law
Doug Rand, Senior Advisor to the Director of USCIS
AlphaLab Health, an accelerator program developed by Innovation Works (IW) and Allegheny Health Network (AHN) for life-sciences startups in the Pittsburgh region, has received a $10 million grant from an anonymous donor. The grant establishes the AlphaLab Health Revolving Investment Fund, which will support startups in the accelerator program.
While the growth of female-founded and co-founded companies has increased at a faster rate than those of male-founded and co-founded and mixed gender founded companies, it is still a smaller amount than the other two. Additionally, these companies are more likely to receive a higher proportion of deals occurring earlier in the VC pipeline.
On Wednesday, the STEMM (Science, Technology, Engineering, Mathematics, & Medicine) Opportunity Alliance announced STEMM Equity and Excellence 2050: A National Strategy for Progress and Prosperity.
The measurements for success of female-founded and female-co-founded companies, while improving, remain lower than male-founded companies in number, deal count, and capital invested, according to PitchBook’s 2023 Annual US VC Valuations Report. PitchBook found that female-only-founded startups received just 2% of all venture capital (VC) dollars in 2023, while those female-co-founded reached 21% that year—a record high.
During a recent webinar presented by the National Semiconductor Technology Center (NSTC), center representatives announced details of its initial round of R&D funding opportunities, as outlined in its vision for 2024 document. The projects to be funded, which NSTC refers to as Jump Start Projects, are (1) AI-based Radio Frequency (RF) Design and (2) Test Vehicles.
Hear from your Peers—Three Build to Scale Success Stories
June 20 @ 2pm ET | Free
The American Council on Education (ACE) and the Carnegie Foundation for the Advancement of Teaching are seeking input into a social and economic mobility classification. The feedback form, available here, will be open until July 31, 2024.
In a recent ruling, a U.S. Federal Court of Appeals panel upheld the preliminary injunction against the Fearless Fund, preventing the organization from resuming operations of its Fearless Strivers Grant Contest, which awards winners with a cash prize and access to mentorship and business support services. Following on the heels of the U.S.