Between federal interest rates over 3% and post-pandemic economic impacts that affect macroeconomic trends, many have predicted a continued decline in venture capital outcomes, only some of which has held true through Q3.
The Georgia Research Alliance (GRA) — a nonprofit working to grow Georgia’s economy through supporting research at state universities — recently announced that its portfolio of companies had raised more than over $2 billion in venture capital. These startups also had a high survival rate — 88% were still in business four years after launch, outpacing the national average of 44%. Along with this announcement, GRA released 2021 data on their economic impact on the state, demonstrating growth from the previous year.
The Baldrige Performance Excellence Program at NIST recently released the Job Quality Toolkit which outlines eight “drivers of job quality.” The toolkit aims to enhance the discussion around job quality, becoming an “actionable tool… to improve the quality of every job,” which will improve employee recruitment and retention.
The U.S. Department of Energy (DOE) announced $540 million in awards for research into clean energy technologies and low-carbon manufacturing at 54 universities and 11 national laboratories.
Activity to build the U.S. semiconductor industry picked up steam on Monday, December 11. On that day, New York State, Gov.
Research and Development (R&D) is an essential component of innovation and economic growth, where higher education institutions play a key role. However, with these institutions being responsible for funding just a quarter of all HERD expenditures, it is important to see the influence of outside funding sources on the fields of R&D.
The Biden-Harris administration recently announced new actions to lower health care and prescription drug costs by promoting competition.
A recent announcement from the White House Office of Science and Technology Policy (OSTP) included major updates requiring open access to federally funded research. The new guidance will require federal agencies to ensure that all taxpayer-funded research is immediately available to the public, disallowing the previous optional 12-month embargos.
Countries participating in the COP28 climate summit agreed this week to call for "transitioning away from fossil fuels in energy systems…” Earlier this year, researchers at Nature Communications said a full transition from fossil fuels could displace 1.7 million fossil fuel workers in the United States and an even greater number on the global scale.
A new report from NASBO (National Association of State Budget Officers), State Expenditures Report for Fiscal Years 2021-2023, finds while spending remains elevated compared to pre-pandemic levels, it is starting to slow. Spending from states’ funds rose 12.3% in FY2023 as a result of states spending surplus funds.
A new report by the Government Accountability Office (GAO) studies a sample of 198 Phase II Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) awards from FY 2019 to identify subcontracting activity. SBIR recipients are generally allowed to subcontract up to 50% of their award value, and STTR recipients must contract at least 30% with a nonprofit research institution.
With President Biden’s signing the CHIPS and Science Act on Aug. 9, states and universities are already making plans to build on the funding opportunities present in the legislation.
The U.S. Department of the Treasury recently approved 20 additional state awards under the State Small Business Credit Initiative (SSBCI) Technical Assistance Grant Program, totaling more than $50.8 million. These awards will provide legal, accounting, and financial advisory services to eligible small businesses applying for the SSBCI capital program and other government small business programs.
Data center technology processing passed the milestone of consuming 1% of world energy in 2010 and is projected to increase to 6% by 2030, according to a 2020 Science magazine study by Eric Masanet, Arman Shehabi, Nuoa Lei, Sarah Smith, and Jonathan Koomey. The authors suggest that governments may need to take on a more considered approach to expanding data centers to meet the growing demand.
Fifty-seven percent of Americans say science has had a mostly positive effect on society, according to a recent report from the Pew Research Center. While the percentage of those with favorable views of science might seem like good news, the number is significantly less than at the beginning of the coronavirus outbreak in January 2019, when 73% of Americans declared positive views.
A new report finds that state agencies face challenges when working to implement Justice40 goals. Justice40 is an initiative included in President Biden’s Executive Order 14008, signed on January 27, 2021.
Institutions of higher education spent $97.8 billion on research and development (R&D) activities in fiscal year (FY) 2022, an increase of nearly 9% over the prior year’s $89.8 billion. Over the past decade of available data, from FY 2013-2022, higher education R&D expenditures have increased 46%, from $67.1 to $97.8 billion. However, when adjusted for inflation, the growth is more modest at 17%.
The United States' 42 federally funded research and development centers (FFRDCs) received a record $26 billion in federal government funding in fiscal year 2022 — a nearly 6% increase compared to the previous year. FFRDCs expended $26.5 billion on R&D in FY 2022, marking the ninth consecutive year of nominal growth. On average, FFRDCs have increased R&D expenditures by 1.3% per annum since 2012.
Under Secretary of Commerce for Standards and Technology and National Institute of Standards and Technology (NIST) Director Laurie E. Locascio recently revealed in public comments that approximately $3 billion in funding for the National Advanced Packaging Manufacturing Program will be used to drive U.S. leadership in advanced packaging.
Restrictions placed on registering for high-wage-potential academic majors have had an increasingly disproportionate adverse effect on students from underrepresented minority groups (URM: Black, Hispanic, and American Indian or Alaska Native), according to research from the Bookings Institution.
Reminder!
The TBED Community of Practice webinar is coming up next week!
Interactive Webinar: Lessons Learned in TBED Grant Management—December 5, 2023, at 3:00 p.m. ET.
Congratulations on winning federal funding! Are you ready to manage it? A first federal award can be a significant challenge for organizations. Even experienced groups can hit snags when working with new agencies that may use different rules or definitions.
Jobs held by degree holders in Science and Engineering (S&E) fields make important contributions to our nation’s economic growth and global competitiveness, fueling innovative capacity through research, development, and other technologically advanced work activities, according to the National Science Foundation (NSF).
The U.S. has a STEM workforce problem, and finding diverse talent to fill existing and projected vacancies has proven to be particularly challenging. "Only about 20% of Latina/o students and 18% of Black students enroll in STEM majors, according to research published in 2019 in Educational Research.