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A pilot collaboration between the National Science Foundation (NSF) Innovation Corps (I-Corps™) and the National Institutes of Health (NIH) will offer a nine-week boot camp to help biomedical researchers bring their discoveries to market. Academic researchers and entrepreneurs who have received SBIR/STTR Phase One awards from participating NIH institutes may apply to the I-Corps at NIH™ for training in building scalable business models around their technologies.

Department of Commerce Secretary Penny Pritzker announced this week that the department would be accepting applications for new members to serve on the National Advisory Council on Innovation and Entrepreneurship (NACIE). The council advises the secretary on issues related to innovation, entrepreneurship and job skills training.  The secretary uses the council as a vehicle to facilitate dialogue between the agency and the innovation community. Members will be drawn from a mix of geographic locations, as well as from the private, government, academic and nonprofit sectors.

This week, the White House hosted its first Maker Faire where President Obama announced a number of new public-private collaborative efforts to spur U.S. manufacturing entrepreneurship. In order to capitalize on the recent spike in manufacturing entrepreneurship, the administration is enlisting more than 90 mayors and local leaders to make new spaces available for manufacturing and prototyping.

Crowdfunding is touted by its proponents as a model that can democratize and neutralize gender bias in the existing small business investment community, for both female investors and entrepreneurs. Crowdfunding proponents point toward the disproportionate number of middle-aged men who are angel investors or work in the venture capital industry. Two recent academic research studies have found that reward-based crowdfunding in the U.S. and peer-to-peer (P2P) lending in Germany and the United States appear to be opening up opportunities for female entrepreneurs and investors.

Lawmakers approved funding for a bond program that dedicates $50 million for re-tooling community colleges with the latest equipment, but failed to pass a larger proposal that would allow universities to compete for $100 million in bond funds for capital improvements to enhance engineering programs. The budget also includes $2 million to establish a new fund for global marketing of Michigan’s automotive sector and support of public-private collaborations with the auto industry.

The recent uptick in U.S. manufacturing activity, along with the attention generated by additive manufacturing and the Makers movement, has led to an increase in state initiatives to help cash in on this growth. In recent months, New York, Connecticut, Maryland, and Arizona have all taken steps to build stronger manufacturing sectors through research collaborations, grants and tax credits. Leaders in Colorado and New Jersey have pursued their own cluster-specific efforts to build stronger high-tech industries.

State legislators in many parts of the country took action this year to fund the construction of research infrastructure and provide financial support for commercialization. In Kansas, New York, Georgia, Maine and Wyoming, legislators funded the construction of laboratories and other innovative spaces at public universities to boost the high-tech economy. In Colorado, Maryland and a number of universities, new initiatives were rolled out to support public-private research collaborations and the commercialization of cutting-edge technology.

Addressing accessibility, affordability and ensuring workforce preparedness topped legislators’ agendas in many states during the 2014 sessions. States and regions are increasingly competing for talent as the trend toward growing and nurturing innovation ecosystems continues.

With an eye toward long-term payoffs associated with investments in research, lawmakers dedicated funds and strengthened ties with industry partners. Some states made significant investments in facilities and R&D to grow cancer research capabilities, while others looked to universities to establish new avenues for discovery or attract star researchers. In Washington, the life sciences community banded together to save a nine year-old grant fund that invests in R&D and helps the state remain competitive.

Several states announced new or expansions to existing capital programs during the 2014 legislative session. The proposals targeted increasing the availability of venture/risk capital for job creation and establishing or expanding angel tax credits to spur investment in targeted sectors. Nebraska lawmakers allocated $50,000 to support and increase venture capital in the state. In Minnesota, Gov. Mark Dayton extended the state’s Angel Tax credit for two more years and added additional funds.

To continue the growing trend of intrastate crowdfunding, six states passed exemptions including Alabama, Indiana, Maine, Maryland, Tennessee, and Washington.

While the promise of federal legislative reform for 2014 dims, as many as 21 states may have patent troll laws on the books before the end of the year. Although most of the power to curb patent trolling is held by the federal government, these state laws provide mechanisms to allow for action to be taken against any person that makes a bad faith assertion of patent infringement and other abusive patent litigations.

With a recent request for information (RFI), the National Science Foundation began soliciting comments on the potential establishment of a national network of big data regional innovation hubs. These hubs will help to continue and scale up the activities and partnerships launched under the National Big Data R&D Initiative and also serve as a catalyst for economic prosperity by supporting the growth of the U.S. big data industry.

Over two years, President Obama signed the JOBS Act, a bill authorizing a variety of significant changes to securities laws. Among those changes, the Securities and Exchange Commission (SEC) was mandated with implementing rules for equity crowdfunding within 270 days – approximately January 2013. However, the rules still remain in draft form.

The U.S. Small Business Administration (SBA) recently named the 50 winners of the first Growth Accelerator Fund competition, which recognizes accelerators building stronger entrepreneurial ecosystems in underserved parts of the country. Each organization will receive $50,000, in exchange for providing SBA with quarterly reports on their activities, impact and partnerships. SBA hopes to use the data to build a national database of information about accelerator programs and forge long-term relationships within the accelerator community.

The National Science Foundation (NSF) launched Community College Innovation Challenge – a Science Technology Engineering & Mathematics (STEM)-focused competition for teams comprised of up to five community college students, a faculty mentor, and a community/industry partner. Teams should propose innovative STEM-based solutions for real world problems within one of the five themes: big data; infrastructure security; sustainability; broadening participation in STEM; and, improving STEM education.

“People ages 20 to 34 created 22.7 percent of all new companies in last year [2013], down from 34.8 percent in 1996,” according to an article from Walter Hamilton of the LA Times. In the article, Hamilton contends that the “image of the U.S.

As American spending on research relative to GDP dwindles, the system that generated America’s economic prosperity over the past century has begun to fall apart, according to a new report from the American Academy of Arts and Sciences. The Academy calls the disintegration of the country’s national innovation system the key threat to American prosperity.

Federal funding for basic research performed at universities and colleges decreased 0.3% between FY11 and FY12, according to a new National Science Foundation (NSF) Infobrief. In FY12, basic research at universities and colleges accounted for 11.4% of total R&D obligations, and is estimated to increase to 11.8 percent of total R&D obligations in FY13, and to 12.5 percent in FY14.

Building stronger connections between universities and businesses in key industries could help generate new jobs, startups and technologies, according to an S&T roadmap released by the Illinois Science & Technology Coalition (ISTC). ISTC notes that the division between the state’s research universities and companies has limited Illinois’ competitiveness, despite its high overall level of innovative activity.

Within the past month, two of America’s major research universities – the University of California system (first in total R&D expenditures, according to the NSF) and the University of Minnesota-Twin Cities (eleventh in total R&D expenditures) announced new funds to increase the rate at which their students, faculties, and researchers are able to commercialize their ideas into new businesses.

Each year, the first Friday in October marks Manufacturing Day, a quasi-holiday where manufacturers nationwide open their doors to host open houses, tours, workshops, and other events to educate the public on the current state of American manufacturing. Although the phrase “American manufacturing” may conjure up images of oversized equipment or Rust Belt decay, the industry is, by many accounts, thriving. One of the highlights of this year’s Manufacturing Day was Jay Williams, the Assistant Secretary of Commerce for Economic Development’s announcement of a nearly $1.9 million EDA grant to Wichita State University in South Kansas to support advanced manufacturing, fueling the creation of 500 jobs and providing competitive advantage to the region’s transportation equipment manufacturing industry.

Commercial knowledge and technology-intensive (KTI) industries produced nearly one-fourth of the U.S. gross domestic product (GDP) in 2012 ($3.8 trillion), according to a recently released National Science Foundation (NSF) Infobrief using Bureau of Economic Analysis and Bureau of Labor Statistics data.

In case you missed it, the midterm elections were on Tuesday, resulting in Republicans taking control of Congress, several new governors, and five states endorsing minimum wage increases.