While New Mexico continues to lead the country in R&D intensity, California remains at the top in R&D expenditures, according to new National Science Foundation (NSF) data from 2009 and 2010. The new report provides updated, detailed statistical tables on current and historical patterns (1953 to 2010) of U.S. research and development (R&D) expenditures by performing sector, source of funds, character of work and state.
With more than 200 mentoring-intensive accelerators launching, convening, or closing down sometime in the past two years, it has become clear that announcing an accelerator's creation and sustaining one for multiple years are proving to be two very different matters. So it was a welcome change during a recent RIAN webinar to step away from the swagger-filled hyperbole of the bubble-watching blogosphere to hear well-grounded perspective and sage advice from two experts involved in the day-to-day operations of long-running and nationally recognized accelerators.
Chris Coburn, the founding executive director of Cleveland Clinic Innovations, is leaving at the end of May to join Boston-based Partners Healthcare, the largest healthcare system in Massachusetts.
Mary Jo White has been confirmed by the Senate as the new head of the Securities and Exchange Commission.
As the 2013 legislative session draws to a close for several states, lawmakers approved measures to create new opportunities for economic growth or expand investments in programs demonstrating positive outcomes. Lawmakers in Georgia increased funding for established university-based research initiatives and set up a state-run venture capital fund to invest in innovative companies. In Virginia, a new cybersecurity accelerator will help propel technology and companies in an emerging sector.
Envisioned as a comprehensive state-level program to support an entrepreneurial ecosystem, the HI Growth Initiative was approved by lawmakers to diversify the state's economy and promote the development of high-growth, entrepreneurial businesses. Backed by Gov. Neil Abercrombie, the initiative has three main objectives focused on helping entrepreneurs commercialize intellectual property, access business mentors, network with global investors, and gain access to follow-on capital. Funds will be managed by the Hawaii Strategic Development Corporation.
Both venture capital dollars invested and total deals declined in the first quarter of the year, according to the PricewaterhouseCoopers/National Venture Capital Association (NVCA) Moneytree survey. The capital-intensive life science and clean technology sectors were particularly hard hit, along with seed and early stage investments. Within the data, however, a number of bright spots remained for entrepreneurs seeking capital. Seed and early stage investments continue to comprise more than 50 percent of all deals and first-time fundings remain within a healthy range.
SSTI is hosting an informational call on May 8 at 3:30 PM ET to provide helpful hints on applying for the 2013 Excellence in TBED awards. Knowledge is power, and this is a great opportunity to gain a competitive edge by learning more about the application process. We also will share tips on writing an outstanding application. The awards recognize exceptional achievements in expanding research capacity, commercializing research, building entrepreneurial capacity, increasing access to capital, and improving competitiveness of existing industries.
NASA, USAID, the State Department and Nike have partnered to issue an innovation challenge for inventors to develop new, sustainable materials and methods for manufacturing fabric. The winners will have their technology presented at NASA's 2013 LAUNCH System Challenge Forum in Pasadena, CA. The LAUNCH Forum is directed by a council of entrepreneurs, scientists, government, academia, and business leaders and is used by NASA to promote sustainability initiatives, including projects related to global health, renewable energy, and agriculture.
Innovation is not a causal, linear process, but a dynamic and ever-changing network of actors connected by activities and linkages, according to a report from the Council of Canadian Academies. Despite this complexity, however, by identifying behaviors that feed firm innovation, regions can make informed decisions about high-tech economic development. In the report, the council identifies quantitative ways to measure the actual and potential impact of innovation investments, along with presenting a new firm-centric model of innovation ecosystems.
Increase your visibility through Sponsorship Opportunities during SSTI's 17th Annual Conference in Portland, OR, Sept. 15-17. Due to numerous requests, we have unveiled highly visible interactive opportunities at the right price point. A few of the exciting options include:
NIST MEP has finalized cooperative agreements to create new MEP Centers in Arizona and Rhode Island. NIST is awarding $1 million to the Arizona Commerce Authority and $750,000 to the University of Rhode Island Research Foundation to serve small- and mid-sized manufacturers in their states. Read the release...
Shortly after the first anniversary of the Jumpstart Our Business Startups Act (JOBS Act — see the March 28, 2012 issue of the Digest) Mary Jo White was sworn in as the 31st Chair of the Securities Exchange Commission (SEC).
Bill Kirkland will head the new Office of Economic Engagement that will begin operations July 1 at the University of South Carolina. The new entity will facilitate business development statewide, and work through USC&'s seven regional campuses.
John Carey, a former state representative, was appointed by Gov. John Kasich as the chancellor of the Ohio Board of Regents.
The Obama administration will commit $200 million from five federal agencies to create three new manufacturing innovation institutions in 2013. Building on the Additive Manufacturing pilot initiative launched in Youngstown, OH, last year, the Department of Defense will lead two new institutes focused on Digital Manufacturing and Design Innovation
and Lightweight and Modern Metals Manufacturing.
A third institute, led by the Department of Energy, will focus on Next Generation Power Electronic Manufacturing.
Competition for these new institutes is open immediately.
Lawmakers last week passed a $74.5 billion FY14 budget that expands efforts to commercialize research and boosts funds for life sciences and space-related investments. Under a sweeping new education bill, universities can qualify and receive additional resources as preeminent research universities. The measure also designates some higher education funding based on performance, and allows colleges to create low-cost degree programs.
This week, the Obama administration announced a series of measures intended to make government and scientific data more available to the public. Key among these efforts is a new executive order requiring that future data generated by the federal government be made available in open, readable formats to the public. An accompanying memorandum instructs federal agency heads to build open data practices into their data collection activities and to develop secure data-release policies.
Past judges of the Excellence in TBED award program have told us they want to read a clear, concise and compelling story about how tech-based initiatives are improving local, state and regional economies. To assist applicants in their quest for the trophy, SSTI has provided several resources for writing an outstanding proposal. First, we recommend downloading the brochure, which explains the program philosophy and provides complete instructions.
The Small Business Administration (SBA) released a new funding announcement for the Federal and State Technology Partnership (FAST) Program — FAST awards are intended to fund projects that provide outreach, financial support and/or technical assistance to technology-based small business concerns participating in, or interested in participating in, the Small Business Innovation and Research (SBIR) program. Proposed projects may serve a single or multiple states. SBA intends to commit approximately $1.9 million to support up to 20 awards to eligible applications.
With a commitment of $25 million over the next two years to establish a biosciences institute, Indiana lawmakers gave their stamp of approval to a major policy goal touted by Gov. Mike Pence during the campaign. The governor and lawmakers hope to build an endowment of $300 million to $400 million over the next five to seven years drawn from corporate and philanthropic sources.
This week, Colorado legislators approved the launch of an advanced industries acceleration program that would provide grants for proof-of-concept, early stage capital and retention, and infrastructure. HB 13-1001 would create the program, which would make $150,000 to $500,000 awards to support commercialization in key industries.
Manufacturing creates more high-value jobs than any sector in the global economy and is essential to sustainable economic growth in both the developing and developed world, according to the Manufacturing for Growth – Strategies for Driving Growth and Employment from the World Economic Forum (WEF). Written in collaboration with Deloitte LLP, the three-volume series of reports examines key trends, effective strategies and best practices related to the global manufacturing sector in three key areas:
SSTI conference attendees are invited to enjoy the Ecotrust Natural Capital Center's Rooftop Terrace and take in the stunning Pearl District skyline. The Opening Reception is being hosted by Business Oregon on Sunday, Sept. 15 from 6:00 – 8:00 PM PT. The history of Ecotrust is a story of innovation, adaptation and evolution. Led by Spencer Beebe, the organization's mission has evolved into an ambitious one: to lead an American economic revolution by deploying new business models that build economic, social and environmental wellbeing.
Last week, the Obama administration announced that it would commit $200 million to establish three new manufacturing innovation institutions in 2013 (see the May 8, 2013 issue of the digest).
A new program that builds upon the successes of North Dakota's Centers of Excellence and Research Excellence programs will fund up to half of the cost of R&D and commercialization projects conducted by the state's research universities. Under Research North Dakota (RND), the development and commercialization of new products will be achieved on a project-by-project basis and state funds will be matched with private-sector cash investment.
Around the country, practitioners have gotten creative in their efforts to solve problems seen as barriers to economic growth. In Arizona, BioAccel has developed an innovative approach to funding and serves as a promising model for organizations dedicated to technology driven economic development by working with universities, medical centers and entrepreneurs to translate late stage discovery research into commercial products.