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The Small Business Administration released two Requests for Information (RFIs) on amendments to the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. In compliance with the SBIR/STTR Reauthorization Act of 2011, SBA has made several key changes to the SBIR/STTR programs relating to eligibility, the award process, program administration and fraud, waste and abuse. Although the SBA has already published the final changes, it is requesting comments on the various amendments made.

With their vast knowledge about technology and access to expertise inside and outside the university, graduate and post doctoral students play an important role in helping spinoff successful companies. Moreover, universities should encourage students to explore entrepreneurship through spinoffs as a potential career option outside of academia. This recommendation is among three guidelines outlined in a recent report that examines the important roles of students and faculty in the university technology transfer process.

While still vulnerable to economic shocks both domestically and from international developments, states are reporting improved revenue, spending within budgeted amounts, and the ability to shore up rainy day funds. Ten states and the District of Columbia expect to finish FY12 with year-end balances of 10 percent or more, and new budget gaps are rare and confined to a few states. Overall, state fiscal offices appear better positioned to handle the challenges ahead.

Research collaborations between institutions of higher education are becoming an increasingly important facet of U.S. R&D, according to the National Science Foundation (NSF). A new NSF InfoBrief reveals that pass-through funds, R&D expenditures transferred from one institution to another, represented seven percent of total expenditures in 2009. In 2000, they represented only five percent of expenditures.

While job growth in the South is relatively strong (20 percent growth) compared to the nation (17 percent), many southern states are trapped in an economic cycle known as a low-wage/low-skill equilibrium, according to A Decade Behind: Breaking Out of the Low-Skill Trap in the Southern Economy — a new report from the Georgetown University Center on Education and Workforce.

To better serve all parts of the state by connecting experienced mentors with startup companies, the Kentucky Innovation Network has a new name and logo, a tighter focus, and expanded services. Established in 2002 as the Innovation and Commercialization Center program, the Kentucky Innovation Network will offer services to entrepreneurs from 13 locations across the state, and as part of the re-branding effort, three smaller centers will be upgraded to full-service centers.

New York Governor Andrew Cuomo announced that the state has started accepting applications for the $25 million "Connect NY" program to promote and expand broadband Internet access. The grants will be awarded to public-private partnerships comprised of internet service providers, local governments and economic-development organizations.

University licensing and commercialization activity remained steady in 2011, with modest increases in most areas of technology transfer activity, according to the most recent edition of the Association of University Technology Managers' (AUTM) U.S. Licensing Activity Survey. AUTM released a preview of its 2011 survey results this week, with a full report to follow later this year.

Long-term U.S competitiveness is threatened due to a lack of progress in U.S. child development areas that are the best indicators of human capital development, according to a new report from the Center for American Progress — The Competition that Really Matters. The authors found that U.S. gains in education, health, family income and childhood poverty and pro-family workplace policies have remained stagnate while our competitors including China and India have increased significantly since 1980. If U.S.

In comparison to most of its peer states, Colorado's workforce excels in educational attainment and entrepreneurship, according to the first Colorado Innovation Index. The index, published by the Colorado Innovation Network, evaluates Colorado's economy in relation to seven benchmark states, including Arizona, California, Massachusetts, New York, North Carolina, Texas and Utah. Only Massachusetts had a higher percentage of Bachelor's degree holders in its workforce, and only Massachusetts and New York had a higher percentage of graduate degree holders.

The start of a new school year is already underway leading to the often dreaded task of choosing a major. For today's students, balancing a rewarding career with one that offers in-demand employment opportunities has become even more of a struggle. Results from a new survey suggest the engineering field might just fit the bill, however. A survey of more than 1,200 mechanical engineers offers insight into a profession where most hold an optimistic view of their work and their ability to impact lives and meet global challenges.

This week, White House officials announced the names of the country's first class of Presidential Innovation Fellows. The 18 fellows, drawn from the ranks of private sector innovators and entrepreneurs, will spend six months working on five high-impact projects aimed at supporting U.S. entrepreneurs, small businesses and the economy. Read the announcement

Tony Grindberg, executive director at the NDSU Research and Technology Park, has announced his resignation effective Sept. 30. He has accepted a position as the business unit manager for the Aerospace Business Unit of Appareo Systems, LLC. Appareo Systems is headquartered in the NDSU Research Park on the NDSU campus. Grindberg has been with the NDSU Research Park for the past 10 years.

SSTI will be holding a congressional briefing from 1:00-2:30 p.m. on September 12 in Washington, DC, featuring seven of its members. The briefing, "Lessons from the Field on a Path to Sustained Economic Growth and Job Creation," will provide an overview of state, regional and university tech-based economic development efforts and highlight work being done by Ben Franklin Technology Partners, BioSTL, Center for Innovative Technology, Georgia Research Alliance, JumpStart, Michigan Economic Development Corp, and NorTech.

The Securities and Exchange Commission (SEC) announced its first proposed rule that will help make equity-based crowdfunding a reality. The proposed rule (Rule 506) will allow for the general solicitation and general advertising of securities. At this point, however, the rule will only apply to accredited investors — an individual with income of more than $200,000 per year or a net worth of over $1 million dollars, excluding the value of the investor's primary residence.

New efforts to step up technology transfer at the University of New Mexico (UNM) and the University of Tennessee (UT) have resulted in a record number of invention disclosures over the last year. In both cases, much of the achievement is attributed to faulty involvement, including new outreach efforts by the universities and more aggressive and ambitious goals set for the institutions.

Come early or stay late and bring the whole family with you to SSTI's 16th Annual Conference, October 29-30. Atlanta has the biggest aquarium, the coolest Coca Cola Museum, and some of the best golf in the U.S. Outdoor activities that celebrate nature, like the Atlanta Botanical Garden and Piedmont Park abound, as does high culture — from art museums to great shopping. You could spend a month in Atlanta without doing the same thing twice.

Borrowing from an industry sector phrase used to describe a complete view of investment impact, the Economic Development Administration (EDA) unveiled its new Triple Bottom Line tool to help economic development practitioners and investors assess, compare and communicate the potential impact of projects. EDA says the triple bottom line approach can help better align economic development investments with other community priorities to maximize impact.

The quarterly deadline for submitting grant applications to the Economic Development Administration's (EDA) Public Works and Economic Adjustment Assistance programs has been extended from Friday, September 14, 2012, to Thursday, September 20, 2012. This extension covers only the first funding cycle of FY13 and does not affect other EDA grant application deadlines. More information...

In an effort to develop domestic renewable energy production, the Department of the Interior released details on the Solar Programmatic Environmental Impact Statement (PEIS). PEIS provides an outline for utility-scale solar energy development in six states — Arizona, California, Colorado, Nevada, New Mexico and Utah.

Clean Tech venture investments declined in the third quarter of 2012, according to the MoneyTree report released on Friday by PricewaterhouseCoopers (PWC) and the National Venture Capital Association (NVCA). The numbers reinforce the current trend of decreasing investment in clean tech companies and projects and the inherent challenges of VC backing in the sector. However, many are attributing this drop to a shift in the focus of clean tech investment by private and public entities rather than complete disenchantment in the promising sector.

The U.S. Small Business Administration's (SBA) Small Business Investment Company (SBIC) debenture program provided $2.95 billion in financing to small businesses in FY12, according to a recent SBA release. SBICs around the country help small businesses to expand by providing them with access to long-term capital. For the third year in a row, SBIC activity reached an all-time high, growing 14 percent over FY11 and 85 percent over FY10. Read the announcement...

Earlier this week, 11 U.S. states (and Puerto Rico) held gubernatorial elections, and 44 states held elections for at least one house of their state legislative body. As a result, five states elected new governors, as did Puerto Rico. Partisan control of state legislatures changed in nine states. The results indicate a growing trend toward state governments unified under a single political party.

Congressional elections earlier this week did not change control of the U.S. House of Representatives or Senate, however, science committees in both houses are set for significant turnover, according to the American Association for the Advancement of Science. The House Committee on Science, Space and Technology is slated to lose ten members, one-quarter of its membership, and is expected to gain a new chairperson.

On November 15, the Securities Exchange Commission (SEC) will host the "SEC Government-Business Forum on Small Business Capital Formation," an annual forum focused on the capital formation concerns of small business. This year's agenda will focus on the implementation of the Jumpstart Our Business Startups Act (JOBS Act), specifically equity-based crowdfunding regulation. The forum also will look at issues related to capital for small business that were not addressed by the JOBS Act.