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UF, Philanthropies Announce $3M for Engineering Extension in Sarasota

Thursday, March 24, 2016

Despite its location more than 180 miles south of Gainesville, FL,  Sarasota County – which is far better known for its cultural and environmental amenities than industrial strength – will be home to the University of Florida’s first engineering extension office.

  • Read more about UF, Philanthropies Announce $3M for Engineering Extension in Sarasota

Majority of Startups Valued Over $1B Founded by Immigrants, Report Finds

Thursday, March 24, 2016

Earlier this month, SSTI highlighted recent research from the Information Technology and Innovation Foundation (ITIF) that detailed the critical role immigrants play in developing some of the most notable innovations in the U.S.

  • Read more about Majority of Startups Valued Over $1B Founded by Immigrants, Report Finds

Available Now! Making the Most of TBED IT Investments

Thursday, March 24, 2016

Last summer, SSTI and JumpStart Inc. conducted a survey of tech-based economic development (TBED) organizations on how groups use and invest in information technology tools. The goal of this survey was to gather a greater understanding of the basic challenges TBED organizations face with regard to information technology, as well as their self-identified strategic goals and whether they believe their IT spending priorities are helping them achieve these goals.

  • Read more about Available Now! Making the Most of TBED IT Investments

IL, MI Report Significant Uptick in University Economic Impact

Thursday, March 24, 2016

Illinois and Michigan are among the few states that support regular comprehensive examinations of the role higher education plays in the overall innovation economy. Organizations in both states recently completed studies on university-generated entrepreneurship, licensing, investment and employment, finding a steady rise in university economic impact over the past five years.  In both cases, the increase in university impact was linked to an expanding university role in supporting entrepreneurs and researchers.

  • Read more about IL, MI Report Significant Uptick in University Economic Impact

America Makes Launches Effort to Define Additive Manufacturing Standards and Specifications

Thursday, March 24, 2016

America Makes, the National Additive Manufacturing Innovation Institute, announced the creation of the Additive Manufacturing Standardization Collaborative (AMSC) – an effort to coordinate and accelerate development of industry-wide additive manufacturing (AM) standards and specifications.

  • Read more about America Makes Launches Effort to Define Additive Manufacturing Standards and Specifications

Obama Administration Announces $66M via POWER Initiative

Thursday, March 24, 2016

In partnership with the Appalachian Regional Commission (ARC), the Economic Development Administration (EDA) announced the availability of $65.8 million in new funding through the Partnerships for Opportunity and Workforce and Economic Revitalization (POWER) initiative.

  • Read more about Obama Administration Announces $66M via POWER Initiative

Who is the American Angel?

Thursday, March 17, 2016

Angel investors are an essential component of the global economy, supporting ideas and innovators at their very earliest stages. In 2014, more than 200,000 American angels invested about $24 billion in 73,000 startups, according to the Angel Capital Association (ACA). Little data, however, exists on who these investors are and how they make their decisions. ACA, Wharton Entrepreneurship and the John Huston Fund for Angel Professionalism at Rev1 Ventures are launching a nationwide survey of angel investors to learn more.

  • Read more about Who is the American Angel?

Initiatives Announced to Help Young Women Overcome Roadblocks in STEM Education

Thursday, March 17, 2016

Several recent studies have identified the roadblocks that females face in Science, Technology, Engineering and Mathematics (STEM) fields. These two roadblocks include gender bias in the classroom and too few mentors in K-16 STEM fields. In an attempt to increase opportunities for females in STEM education, both federal and foundation funders have announced programs that will increase scholarship and internship opportunities for young women in STEM fields.

  • Read more about Initiatives Announced to Help Young Women Overcome Roadblocks in STEM Education

15 New Communities Selected for TechHire Initiative

Thursday, March 17, 2016

To celebrate the one year anniversary of the TechHire Initiative, the Obama administration announced an expansion of the program with the addition of 15 new communities. The administration also announced activities and commitments to help support career and technical education. 

  • Read more about 15 New Communities Selected for TechHire Initiative

Productivity Linked to Research Quality, University Funding

Thursday, March 17, 2016

Florida Higher Education – Is the Cheapest Fiscally Sound? provides evidence for the connection between state funding for universities and productivity. Florida Research Consortium and Florida Chamber Foundation combine a variety of data to advance three connections: 1) state funding for universities is exponentially related to total funding for universities; 2) total funding for universities is related to research quality; and 3) research quality is related to productivity within Metropolitan Statistical Areas.

  • Read more about Productivity Linked to Research Quality, University Funding

VA Gov Announces $20M in Workforce Funding Including Pay-For-Performance Workforce Initiative

Thursday, March 17, 2016

Virginia Gov. Terry McAuliffe announced the creation of a pay-for-performance workforce training program that will help Virginia workers acquire the industry certifications and occupational licenses that meet the needs of key businesses in each region of the state.

  • Read more about VA Gov Announces $20M in Workforce Funding Including Pay-For-Performance Workforce Initiative

DOE Awards First Round of Small Business Vouchers; Second Round Announced

Thursday, March 17, 2016

The U.S. Department of Energy (DOE) Office of Energy Efficiency and Renewable Energy (EERE) recently released the first round of 33 awardees from the Small Business Vouchers Pilot program.  A total of $6.7 million will be awarded in the form of vouchers for assistance from DOE national laboratories of up to $300,000 a piece. Small cleantech businesses may be able to apply in nine technical categories. A second round of awards also has been announced, with a third to follow later in the year.

  • Read more about DOE Awards First Round of Small Business Vouchers; Second Round Announced

Burgeoning Indiana Biosciences Research Institute Receives $100M in Grants

Thursday, March 17, 2016

The Indiana Biosciences Research Institute (IBRI), first unveiled in May 2013, is a statewide public-private partnership advanced by BioCrossroads that considers itself the first industry-led collaborative life sciences research institute in the country.

  • Read more about Burgeoning Indiana Biosciences Research Institute Receives $100M in Grants

Support for Federally Funded R&D Centers Stagnate After Recovery Act

Thursday, March 10, 2016

New National Science Foundation data indicates that the federal government’s support for national laboratories and research centers has continued to decline in constant dollars after peaking with the 2011 infusion of American Recovery and Reinvestment Act (ARRA) funding.  Six federally funded research and development centers (FFRDC’s) comprise about one-half of all FFRDC spending: NASA’s Jet Propulsion Lab (JPL) and five Department of Energy national labs.

  • Read more about Support for Federally Funded R&D Centers Stagnate After Recovery Act

Assessing Impact of Manufacturing Value Chain on U.S. Economy

Thursday, March 10, 2016

When factoring in the broader manufactured goods value chain – including activities such as research and development, corporate management, logistics operations, and advertising and branding – manufacturing’s footprint on the American economy is much larger than what is measured in most analyses, according to a new report from the Manufacturers Alliance for Productivity and Innovation (MAPI). In their report, The Manufacturing Value Chain Is Much Bigger Than Yo

  • Read more about Assessing Impact of Manufacturing Value Chain on U.S. Economy

Several Universities Look to Unify Startup Investment Efforts to Support Regional, State Economic Prosperity

Thursday, March 10, 2016

Over the last month, several universities have announced new initiatives that look to spur investments in university-related startups to support economic growth and prosperity within their region or state. These include efforts in Triangle Venture Alliance in North Carolina, Purdue Ventures in Indiana, and a partnership between Oregon State University and a local investment fund.

North Carolina

  • Read more about Several Universities Look to Unify Startup Investment Efforts to Support Regional, State Economic Prosperity

Michigan Commits $1 Billion to Life Sciences R&D & Biotechnology Commercialization

Friday, August 20, 1999

With a $50 million appropriation in FY 2000, the State of Michigan has made the first installment toward spending $1 billion over the next 20 years for life sciences research, development, and commercialization. The funding is derived from Michigan's tobacco settlement. Other public and private sources are expected to match much of the state's investment over the two decades.

 

  • Read more about Michigan Commits $1 Billion to Life Sciences R&D & Biotechnology Commercialization

State and Local Tech-based ED RoundUp

Friday, January 11, 2002

Albany, New York
Health Reseach Inc., a branch of the New York State Department of Health, is looking to move its Pharmacogenomics Institute to a vacant laboratory in Rensselaer Technology Park, according to a recent article published in the Times Union. The 25,000-square-foot building that housed the Virogenics Corp., a vaccine-research company that left in 2000, has not been officially purchased. The state expects to lease the site when the Rensselaer County Industrial Development Agency closes on the purchase.

 

  • Read more about State and Local Tech-based ED RoundUp

OCAST Opens Commercialization Center and Seeks Executive Director

Friday, May 8, 1998

The Oklahoma Center for the Advancement of Science and Technology (OCAST) has announced the launch of the Oklahoma Technology Commercialization Center (Tech Center).

 

  • Read more about OCAST Opens Commercialization Center and Seeks Executive Director

1st Quarter VC Figures Released; 4th Quarter 2000 State Stats Available

Friday, May 4, 2001

Venture capital (VC) investments for the first quarter of 2001 totaled $10.1 billion, a staggering 40 percent less than the previous quarter, according to the latest Moneytree™ survey prepared by PricewaterhouseCoopers in partnership with VentureOne. Although VC investment now has declined steadily in each of the four quarters since the peak in the first quarter of 2000, the latest results mark the greatest quarter-to-quarter decrease in absolute dollar terms since the survey started.

  • Read more about 1st Quarter VC Figures Released; 4th Quarter 2000 State Stats Available

SSTI On the WEB

Friday, April 26, 1996

The State Science and Technology Institute has launched its home page on the World Wide Web. The site serves as a one-stop resource for cooperative technology program managers. The site provides information on SSTI activities including information services and research.

 

  • Read more about SSTI On the WEB

MEP Program Expands to All 50 States and Puerto Rico

Friday, September 6, 1996

The Commerce Department's National Institute of Standards and Technology yesterday announced 18 awards for new or expanded manufacturing extension programs. The addition of these programs expands MEP services to all 50 states and Puerto Rico, with MEP services available at 300 sites nationwide. A total of $19.6 million will be provided by the federal government to support the first year funding for these centers, with an additional $21 million being provided by states and other organizations.

 

  • Read more about MEP Program Expands to All 50 States and Puerto Rico

Highlights From Our First 20 Years

Thursday, March 3, 2016

Over the years, the SSTI Digest has covered every aspect of the innovation economy, touching on entrepreneurship, high-tech research, STEM education, economic trends, global competitiveness, federal, state and local policy, and much more. We have striven to achieve a balance between news and analysis, bringing our readers everything they need to understand the evolving state of tech-based economic development.

To celebrate our second decade, SSTI has assembled some of the most important articles of our past 20 years.

  • Read more about Highlights From Our First 20 Years

As Digest Popularity Grows, Original Subscribers Share Thoughts on its Impact

Thursday, March 3, 2016

On March 1, 1996, the first edition of the SSTI Digest was sent to a select group of fewer than 60 state tech-based economic development leaders. The original subscribers received the Digest via fax every Friday because Sprint offered unlimited, free calls and faxes each Friday. Since these early days, the Digest has grown to thousands of subscribers from across the country as well as hundreds of subscribers from several countries.

  • Read more about As Digest Popularity Grows, Original Subscribers Share Thoughts on its Impact

IL, MI, NJ Face Difficult Decisions in Upcoming Budget Negotiations

Thursday, February 25, 2016

Governors around the country continue to lay out priorities for the next legislative session. In the coming weeks, SSTI will review gubernatorial addresses and budget proposals related to economic development. This week, we highlight developments in Illinois, Michigan and New Jersey.

  • Read more about IL, MI, NJ Face Difficult Decisions in Upcoming Budget Negotiations

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Recent news from the SSTI Digest

The state of US venture capital investment in four charts. How might your innovation startups fare if investment trends hold?

Thursday, January 15, 2026

With 2025 behind us, and some time for the data to stabilize, we can look back at VC activity and try to understand what it means for TBED efforts going forward. The VC storyline of 2025 should be familiar to anyone who has been following investment news. Record funding rounds, huge amounts of capital deployed, questions of an AI bubble. Where amongst the big flashy lights of AI mega-deals do we find the subtlety and nuance that informs TBED investor activity and policy?

venture capital
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FSGG appropriations language favors innovation programs

Thursday, January 15, 2026

The Financial Services and General Government appropriations bill for FY 2026 passed the House of Representatives yesterday and now moves to the Senate where passage is also expected. The bill sets spending levels for several agencies supporting regional innovation, economic development, and investment. Foremost are the Treasury and Small Business Administration; selected highlights are provided below.

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New benchmarking tool illuminates how AI is accelerating job market changes

Thursday, January 15, 2026

All too often, jobseekers and employers seem to exist in non-compatible realities. While jobseekers flood the job market with descriptions of their generalized skills in communication, leadership, and problem-solving to fill various roles in different sectors, employers are looking for the more specific skills that will get the job done, say the authors of a report from the Wharton School and Accenture. And they propose that AI is accelerating this shift from a role-based economy to a skills-based economy.

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