SBA recently announced its 2023 Growth Accelerator Fund Competition Stage Two prize winners. The 35 award-winning accelerator partnerships will receive $150,000 each in unrestricted funds.
While venture capital (VC) deal activity by women-(co)founded and women-led companies has increased over the last 15 years by some metrics, a new report indicates that the 2020 pandemic and global recession impacted these companies more than companies founded and led by men.
While venture capital (VC) deal activity by women-(co)founded and women-led companies has increased over the last 15 years by some metrics, a new report indicates that the 2020 pandemic and global recession impacted these companies more than companies founded and led by men. In the second edition of its annual All In Report, PitchBook expands on its efforts to shed light on the dynamics of women’s participation in the VC market. While participation in the VC market was impacted for companies founded and led by men and women in 2020, the report highlights the impact on women-founded and -led companies by showing recent declines in nearly every measure used in the report compared to nearly constant pre-pandemic trends in increased deal count, deal value, company valuation, and exit rates by women-founded and -led companies.
The United States boasts the world’s largest economy and is home to many of the most prestigious, highly ranked universities across the globe, leading to a highly educated population. Overall, advanced education pays off in terms of personal earnings and national innovation. Factors like field of study, skills, and job demand can greatly affect earning potential.
The U.S. Department of Commerce’s Economic Development Administration (EDA) recently announced the 11 recipients of the 2023 STEM Talent Challenge. The challenge supports programs to train science, technology, engineering, and math (STEM) talent and fuel regional innovation economies across the nation.
Those who gather data know that the results collected in 2020 during pandemic shutdowns do not reveal actual trends. This phenomenon was the case for a recent survey by Babson College researchers for the Global Entrepreneurship Monitor Adult Population Survey (GEM APS). They found that rates of entrepreneurship, which had been on the rise since 2015, dropped in 2020. However, their newest research shows an upward trend in 2021 and 2022, when the U.S.
Commerce Secretary Gina M. Raimondo testified Tuesday to the House Committee on Science, Space, and Technology on the implementation of the CHIPS and Science Act. During the hearing, Raimondo spoke about the importance of the Regional Innovation and Technology Hubs and CHIPS manufacturing programs for national and economic security and emphasized the need for additional funding to make Congress’s vision for these programs successful.
Less than half of one percent of Americans attend Ivy-Plus colleges, according to the National Bureau of Economic Research (NBER). Yet these twelve colleges account for more than 10% of Fortune 500 CEOs, a quarter of U.S. Senators, half of all Rhodes scholars, and three-fourths of Supreme Court justices appointed in the last half-century.
The Appalachian Regional Commission (ARC) announced $43.3 million for 51 projects in the region’s coal-impacted communities. More than half of the awards will support recovery-to-work efforts or broadband initiatives. To date, ARC has awarded over $238 million and supported 293 projects.
At a time that is often referred to as “The Age of Technology,” the U.S. has no coherent strategy for maintaining its high standing as a world leader in science, technology and innovation, and has watched as China has overtaken the country on many indicators of prowess in R&D and innovation.
Over $1 billion has been awarded for the creation of 12 new quantum information services (QIS) and artificial intelligence (AI) research institutes across the country over the course of the next five years, according to an announcement from the White House Office of Science and Technology Policy, the Department of Energy (DOE) and the National Science Foundation.
This year marks the 30th anniversary of the Georgia Research Alliance (GRA), a public-private partnership that works with both the University System of Georgia and the Georgia Department of Economic Development to expand the research capacity at the state’s universities and seed and shape startup companies. When it was formed in 1990, GRA was a new kind of enterprise.
This year marks the 30th anniversary of the Georgia Research Alliance (GRA), a public-private partnership that works with both the University System of Georgia and the Georgia Department of Economic Development to expand the research capacity at the state’s universities and seed and shape startup companies. When it was formed in 1990, GRA was a new kind of enterprise. Leaders in state government, private industry and academia all came to the table to strengthen cohesion among Georgia’s public and private research universities – and, ultimately, to bring more research dollars and discoveries to the state. Today it is recognized as a key player in building the state’s reputation as a center of discovery and invention.
SBA's Office of Investment and Innovation has launched an Investment Capital Advisory Committee (ICAC) to serve as an independent source of advice and recommendations to SBA on institutional investment market trends, innovation, and policy impacting small businesses’ ability to access patient investment capital.
SSTI’s 2023 Annual Conference was Sept. 6-8 in Atlanta, and nearly 400 practitioners and policymakers working on tech-based economic development attended to discuss their latest activities, challenges, and successes in strengthening their regional innovation economies. Conference highlights include U.S. Economic Development Administration director Alejandra Y.
The Internal Revenue Service recently published new interim guidance for companies to use when amortizing research or experimental expenditures — a new requirement for tax year 2022 created in the Tax Cuts and Jobs Act.
A group of technology-related organizations, including SSTI, is asking Congress to support the U.S. Economic Development Administration’s Regional Technology and Innovation Hubs program with additional, substantial appropriations in FY 2024.
Completing a subbaccalaureate program can translate into higher pay and greater employment outcomes compared to those who have no education beyond a high school diploma, but the median salary of those who completed a certificate versus those who did not was the same ($20,000) among students who were no longer enrolled after three years. The results are detailed in a recent brief from the National Center for Education Statistics at the U.S. Department of Education.
The PitchBook-NVCA Venture Monitor Q2 2020 shows that COVID-19 is having an impact on the earliest parts of the venture capital funnel. By extrapolating the first half data through the rest of 2020, initial investments are on pace for a 26 percent decline from 2019, and the fewest total deals since 2010. Continuing this same extrapolation, seed investments are on track for a 36 percent decline in 2020 from 2019 and also the lowest level in at least seven years.
Last week, $6 million in funding was approved by the Michigan Strategic Fund for startup companies in the state. The $3 million Pre-Seed Fund III granted by the Michigan Economic Development Corporation will be administered by the Michigan State University Foundation and will support early-stage startups.
The U.S. Department of Commerce’s Economic Development Administration (EDA) has received 378 applications from 48 states for Phase 1 of the Regional Technology and Innovation Hubs (Tech Hubs) competition. In total, 48 states and three territories submitted 378 Tech Hubs Phase 1 applications.
Additive manufacturing, also known as 3D printing, has so far been used for simple construction. In this process, a computer creates three-dimensional objects by depositing materials, usually in layers. But now, the National Institute for Standards in Technology (NIST) is working to unlock additive manufacturing’s potential.
On August 14, 2023, OMB issued final guidance on requirements for all infrastructure projects using federal financial assistance. The final guidance requires preferences for American-made steel and iron products, manufactured products, and construction materials. The release of the final guidance follows the signing in November 2021 of the Bipartisan Infrastructure Law (BIL), which includes the Build America, Buy America Act (BABA).
In early April the Department of Labor announced a $42.5 million grant opportunity for the Youth Apprenticeship Readiness Grant Program. The program is to support the development of new or expanding registered apprenticeship programs (RAPs) for youth, including quality pre-apprenticeship programs that lead to a RAP.
In early April the Department of Labor announced a $42.5 million grant opportunity for the Youth Apprenticeship Readiness Grant Program. The program is to support the development of new or expanding registered apprenticeship programs (RAPs) for youth, including quality pre-apprenticeship programs that lead to a RAP. The grant program supports the president’s executive order and the Department of Labor, Employment and Training Administration’s goals to promote pre-apprenticeships, to develop a strong youth apprenticeship pipeline, and to expand access to youth apprenticeships. Such programs provide both a pipeline of educated workers for industries, as well as greater opportunities for youth exploring career options.
SSTI recently took a look at some of the pre-apprenticeship programs in different states across the country and the impact some are having.
A new report underscores the shifting position of the United States in the global R&D competition and the continuing rise of China. While two charts from the National Science Board’s The State of U.S. Science and Engineering summarize the changing nature of this international struggle, the underlying data on where the U.S. and China are investing their resources should really grab the attention of policymakers and one would hope motivate action by the U.S.
A memo sent out last week by the Office of Management and Budget and the Office of Science and Technology Policy outlines this year’s R&D priorities. Federal science agencies will use this memo to design their budget requests for the fiscal year 2025.
The dynamics of population growth in the U.S. changed during the pandemic. As people migrated away to avoid the limitations of the pandemic, one region’s population loss was another region’s gain. Now, economists are analyzing the impact of migration on local economies.
The dynamics of population growth in the U.S. changed during the pandemic. As people migrated away to avoid the limitations of the pandemic, one region’s population loss was another region’s gain. Now, economists are analyzing the impact of migration on local economies.