Massachusetts Governor Deval Patrick has made a series of announcements over the past few weeks aimed at improving the high-tech skill set of the state's workers and students. A new STEM strategic plan released yesterday would refine Massachusetts' efforts to expand the pipeline of young, skilled science and technology workers and improve the quality of STEM education.
Fresh off a nationwide listening tour and against the backdrop of 1776, a global hub for startups in Washington, D.C., U.S. Secretary of Commerce Penny Pritzker unveiled the department's strategic vision and priorities focused on three key areas: trade, innovation and data. Pritzker said her department will make sure businesses have a strong voice when it comes to strengthening the digital economy by working to protect intellectual property, ensuring robust cybersecurity infrastructure and championing free and open Internet.
Follow-on funding, access to technology, talent and resources all can be barriers to commercialization and successfully spinning off sustainable companies. Always seeking a quicker, more viable path to market for technologies and products, university-based programs and public-private partnerships try to tackle these hurdles, which often times are region-specific. Such is the case in Long Island, NY, where a recent partnership between a nonprofit organization and venture capital firm is working to address access to capital concerns.
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Hosted by the Illinois Science & Technology Coalition and the Illinois Department of Commerce and Economic Opportunity, SSTI's 18th Annual Conference will be held in Chicago at the Westin Chicago River North Hotel on September 14-16, 2014.
Chicago provides an excellent backdrop for SSTI's 18th Annual Conference. Illinois has a vibrant technology community that is using innovative approaches to bring together state and local partnerships to positively impact the economy.
RoseAnn Rosenthal, president and CEO of Ben Franklin Technology Partnership of Southeastern Pennsylvania, was presented with the Iris Newman Award from the Alliance of Women Entrepreneurs.
Rob Wiltbank recently became the CEO of Galois. Prior to Galois, Wiltbank was a professor at Willamette University's Atkinson Graduate School of Management.
Efforts to make university funding dependent on performance outputs have done little to increase degree completion rates, according to researchers from the Wisconsin Center for the Advancement of Postsecondary Education (WISCAPE). A WISCAPE study finds that state initaitives to make university funding dependent on number of degree completions, student retention, job placement and other factors have had little to no effect on associate or baccalaureate degree completions.
In conjunction with its annual Global Entrepreneurship Week, the Kauffman Foundation has released a report tracking per capita startup rates in 40 select U.S. metropolitan areas since 2006. The analysis reveals that startup rates have improved in metro areas, but remain well below pre-recession levels. Data also indicates that larger metros, those with populations greater than one million, have both endured and recovered from the recession slightly better than their less populous counterparts.
Innosphere and the Colorado Enterprise Fund are joining forces to launch the Colorado Catalyst Fund, a $20 million community development venture capital fund. The model for the fund was drawn from existing community development venture funds established predominately on the East and West Coast, and will be the first of its kind in the state. The fund will be managed by the Community Development Venture Capital Alliance, which has formed or advised more than 40 of the 70 existing funds across the country.
An improved fiscal picture emerged for many states in 2013 with several states recently reporting year-end surpluses. Revenue growth and modified tax policies largely contributed to the rebound. Some analysts warn this trend could be short lived, however.
Manufacturers often struggle with overcoming hurdles to growth, such as implementing new technologies and processes that will streamline operations. A new web-based platform launched in New York aims to address these challenges by connecting small- and medium-sized manufacturing businesses with statewide technology resources and expertise, including industry experts from the New York Manufacturing Extension Partnership, universities and private sector businesses.
Last week the White House hosted a Google Hangout on the American Maker Movement and highlighted some dynamic programs that are turning the Maker Movement into a legitimate economic development tool for regions across the country.
U.S. spending on higher education research and development (R&D) declined in FY12 (after adjustments for inflation) for the first time in almost 40 years, according to data from the National Science Foundation (NSF). The decrease marks the end of a period of modest growth since 2009 in which R&D expenditures increased at an average of five percent each year. While data on higher education R&D spending by state is not yet available for FY12, NSF has released state data through FY11, including expenditures by funding source
The federal, cross-agency Experimental Program to Stimulate Competitive Research (EPSCoR) has proven so invaluable to developing STEM expertise across the country that the word "experimental" should be removed from its name, according to a comprehensive new report from the National Academies. The academies, however, recommend that the program be restructured to create a more rigorous competitive process for research projects and improve project evaluation. Download the report...
The U.S. Economic Development Administration (EDA) has announced a new competition to reward communities demonstrating best practices in attracting and expanding manufacturing. EDA will offer the competition as part of its Investing in Manufacturing Communities Partnership (IMCP), which helps support comprehensive, integrated efforts to boost manufacturing and jobs. EDA plans to publish a Federal Register notice on Tuesday, December 10, seeking applications for regions to be designated one of up to 12 manufacturing communities.
The National Science and Technology Council has released a new draft strategic plan for the National Nanotechnology Initiative (NNI). NNI, launched in 2001, is a cross-agency initiative to coordinate regulatory and research policies to advance nanotech innovation. The previous plan was released in 2011. NNI is seeking input on its strategic goals, particularly the research challenges addressed by its Nanotechnology Signature Initiatives. The plan is open for public comment through December 18. Download the plan...
Eager to attract investment and spur startup activity, city and state officials launched entrepreneurship programs, high-tech R&D centers, and sector-specific facilities as part of the innovation hub trend in 2013.
In the latest of a series of announcements outlining MA Gov. Deval Patrick's spending strategy for the coming year, the governor has released his administration's FY14 Capital Investment plan, including details on economic development and education funding. As released, the plan would fund the Governor's Life Sciences capital program at $62.6 million, $13.4 million for the MA Broadband Institute program, $10 million to expand high-speed broadband in unserved areas, and $56.2 million for the state's public infrastructure funding program.
Several bills promoting skills development through Wisconsin technical colleges were passed as part of Gov. Scott Walker's workforce agenda introduced in September (see the Sept. 26, 2013 issue of the Digest). A measure to create a tuition reimbursement program for apprentices or businesses that employ them passed with near unanimous support in hopes of bridging the skills gap reported by employers.
As we plan for 2014, Dan Berglund, SSTI president & CEO, will provide us with an in-depth view of the latest trends affecting tech-based economic development (TBED), new developments in the field, opportunities for the year ahead, and the implications and issues for TBED policymakers and practitioners. This webinar will be a good opportunity to reflect on 2013 and look forward to 2014.
University-industry collaborations need a paradigm shift from the traditional one-way knowledge transfer model to a two-way knowledge co-creation model, according to a new report from the Big Innovation Centre (BIC) — Collaborate to Innovate.
With bright colors, interesting graphics, and intuitive navigation, the new look of Connecticut Innovations (CI) captures attention. The launch of CI's new brand identity, complete with an updated message platform and logo, hopes to better reflect the organization's mission and promote their resources to attract entrepreneurs. The new website highlights services offered by the three entities under CI's umbrella, including the merger with the Connecticut Development Authority in 2012 and the Small Business Innovation Group in 2009.
A growing number of states and localities, stymied by conventional budgetary processes, are seeking financial support for economic development initiatives through alternative means, according to a new report from the Brookings Institution. Many regions are instead turning to legislative referendums and citizen-driven ballot initiatives to support large-scale economic initiatives. Authors Jessica A. Lee, Mark Muro and Bruce Katz offer several recent examples of state innovation, education and infrastructure projects funded through ballot measures.
North Carolina is rich in resources to support a thriving innovation ecosystem. But despite its strengths, several factors are preventing the state from reaching its full potential to fuel and sustain strong economic growth. These and other findings are outlined in a recent report tracking the state's performance in 38 measures related to innovation assets, activities and trends. The fourth in a series of indexes produced over the past 13 years, the report benchmarks North Carolina with six key comparison states, the U.S. overall and leading countries.
New York City Deputy Mayor Robert Steel announced that it will establish a new $100 million venture fund for life sciences research according to Crain's New York. The city will invest an initial $10 million to establish the new biotech venture fund. The city already has an additional $40 million pledged from private-sector partners — Celgene, GE Ventures and Eli Lilly & Co. The city currently is seeking to partner with a venture-capital firm to manage the fund and invest at least $50 million to the fund.
The president’s FY15 budget request would provide $23.7 billion (12 percent decrease) in discretionary funding for the Department of Agriculture (USDA). The proposed budget would launch three new multidisciplinary agricultural research institutes dedicated to crop science, advanced biobased manufacturing, and anti-microbial resistance research, and double funding for rural broadband access. Through the president’s Opportunity, Growth, and Security Initiative, additional funding would be provided for natural resource conservation programs and the construction of a new national biosafety research laboratory.