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About 70 percent of 2011 U.S. business R&D spending occurred in 10 states, according to a report from the National Center for Science and Engineering Statistics (NCSES). California leads the country in overall business R&D, and nearly every top industry.  Both the San Jose-San Francisco-Oakland and Los Angeles-Long Beach area rank in the top three areas for business research.  Other top states include Washington, with high spending on software R&D, and Texas, a leader in semiconductor and mining research.

Recent memoranda issued by the Office of Management and Budget and the Office of Science and Technology policy include the support of lab-to-market technology commercialization as a key pillar of cross-agency spending for the upcoming fiscal year.  The White House instructs agencies to explain how resources are being redirected from low priority efforts to multi-agency collaborations in specific fields, including advanced manufacturing, clean energy, earth observation, global climate change, information technology, life sciences, homeland security and research policy-making.

As a wave of new freshmen begins to enter the halls of college campuses, a new trend is emerging – students staying. While the idea of students staying an extra year or two might make some parents cringe, in reality, college towns have proven to be an ideal environment not just for young people, but for young companies as well.

Bloomberg Philanthropies will award $45 million in grants to large U.S. city governments to help improve urban life. Specifically, the foundation hopes to encourage the adoption of the “Innovation Delivery” model in big cities, an approach that relies on in-house innovation consultancy within city halls to deliver data-driven solutions to urban problems. Bloomberg and Nesta released a report on the model earlier this year. The foundation has invited 80 cities to apply.

New data analyzing the first cohort of Tennessee Promise students reveals a higher graduation rate and increased number of students earning a college credential when compared to the previous year’s non-Promise cohort. The inaugural class of Tennessee Promise students graduated from high school in 2015 and completed their five semesters of eligibility in December.

Venture development organizations (VDO), nonprofit organizations across the country investing in innovation startups to help grow their regional economies as well as earn a respectable return, saw at least 20 exits in the first quarter of 2018, based on data entered on Pitchbook.com. Here are some examples from the quarter:

For the economic development community as a whole, the issue of retaining and attracting talent is of the utmost importance. While a visualization in a Wall Street Journal article looks at where graduates move after college, an interactive analysis by the Pew Research Center examines where foreign student graduates work in the United States.

The federal government’s priorities for funding research and development do not necessarily match those of the general public, an analysis of ScienceCounts and National Science Foundation data suggests. ScienceCounts is a national nonprofit with the objective of enhancing the public's awareness of, and support for, federally-funded scientific research.

The Small Business Innovation Research (SBIR) program dubs itself as “America’s largest seed fund.” Three recent research articles add to the existing literature on the program. First, a study finds that SBIR supports high-risk efforts to convert R&D. A second study suggests that SBIR awardees are more likely to locate in denser regions but in less dense neighborhoods in those regions. A third study finds that SBIR awardees from federal agencies with more diverse workforces tend to perform better.

The SBIR/STTR program, which dubs itself as “America’s Seed Fund,” is one of the broadest forms of early-stage capital available to small technology companies. During the five-year period from 2013 to 2017, the 11 federal agencies participating in the SBIR/STTR program distributed 25,524 awards. Using charts, maps, and a downloadable spreadsheet, this Digest article looks at trends in SBIR/STTR awards by state over the period, including the companies with the most awards and states where SBIR/STTR awards outnumber VC deals.

Several recent articles covered in the National Bureau of Economic Researchers (NBER) Digest suggest that current understanding of policies surrounding wages, clusters and labor concentration may warrant revisiting. In one piece of academic research, a historical argument of shared productivity gains with employees is challenged, while another article shows a loss of bargaining power for employees in concentrated labor markets.

Industry consolidation slowing wage growth, productivity

This June, the Innovation Growth Lab's (IGL) third global annual conference will explore future innovation, entrepreneurship and small business policies. The summit, happening in Boston June 12-14 at Harvard Business School and MIT, includes more than 50 world-leading experts and participants from over 20 countries coming together as part of a global community at the forefront of innovation.

State economic growth relies on the availability of a workforce capable of filling open positions. But increasingly around the country, one of the top concerns of employers is finding the right talent to fill these roles. Beyond corporate strategies in hiring, states are increasingly developing new initiatives to keep their pipeline of talent flowing.

The President’s Task Force on Apprenticeship Expansion released a new report focused on “strategies and recommendations to promote apprenticeships, especially in sectors where existing apprenticeship programs are insufficient.” A key element of President Trump’s federal workforce development agenda,

NIST’s Manufacturing Extension Partnership program launched a new Policy Academy focused on manufacturing this week. Funded by NIST MEP and organized by SSTI and  the Center for Regional Economic Competitiveness (CREC), the Policy Academy is designed to help states build upon existing strategies, leverage available resources, and spur creative new ideas about how to address major challenges or leverage opportunities around the manufacturing sector.

Last week, SSTI examined the geography of “America’s Seed Fund,” the SBIR/STTR awards, on a state-by-state basis. A look at how the more than 25,500 awards were distributed at the regional level over the five-year period from 2013 to 2017 yields additional insight. The metropolitan areas with the largest concentrations of SBIR/STTR awards include knowledge hubs with large universities and access to federal R&D, such as Boston, Los Angeles, and Washington D.C.

Myriad data point to a decline in the number of new American business starts, but there have been fewer indicators of whether this overall trend was also true for firms with high growth potential. Recent research now provides evidence that these high growth firms are also becoming rarer.

Congress so far has ignored administration budget requests that call for reducing U.S. investment in research and development.  Science and innovation advocates interpret the legislative branch’s decision as good for many reasons. Authors Nicholas Bloom, Charles I. Jones, John Van Reenen, and Michael Webb add another reason in their NBER working paper Are Ideas Getting Harder to Find? They find U.S.

Noting that we have reached a point in time where STEM “influences every aspect of our education, work, and community life,” STEMconnector, a professional services firm, has released a new report that examines the current state of the field, identifies gaps and makes recommendations for action and investment. State of STEM highlights “five critical gaps” in the STEM workforce: a fundamental skills gap; belief gap; postsecondary education gap; geographic gap; and, demographic gap.

Six years after the passage of the Jumpstart Our Business Startups Act of 2012 (JOBS Act), SSTI continues to examine the impact that the legislation has had on startup capital. In previous weeks, SSTI has looked at Regulation A+ offerings and equity crowdfunding (also known as regulation crowdfunding or Reg CF).

EDA’s Regional Innovation Strategies program — which makes i6 challenge and seed fund support awards — has released its notice of funding opportunity for FY 2018. Applications are due August 29. SSTI hosted a free webinar featuring EDA’s Office of Innovation and Entrepreneurship on June 14.*

A well-known fact about the venture capital industry is the notorious underrepresentation of women partners in the firms.  That could change, suggests research presented in the NBER working paper And the Children Shall Lead: Gender Diversity and Performance in Venture Capital if male VC partners spend more quality time with their daughters.  Deborah Krueze writes in her NBER Digest article that the authors of the research, Paul A. Gompers and Sophie Q.

The U.S. biosciences industry directly employs 1.74 million people and indirectly supports $2.0 trillion in economic output and roughly 8 million jobs nationwide, according to "Investment, Innovation and Job Creation in a Growing U.S. Biosciences Industry," a new report by TEConomy Partners on behalf of the trade association BIO.

The Senate Committee on Appropriations this morning advanced a funding bill that includes $25 million for Regional Innovation Strategies — $4 million more than the current funding round.