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The National Institutes of Health (NIH) announced its first round of investments totaling $46 million under the Brain Research through Advancing Innovative Neurotechnologies (BRAIN) Initiative. The $46 million will support more than 100 investigator-led research projects in 15 states and several countries to support the development of new tools and technologies to understand neural circuit function and capture a dynamic view of the brain in action.

“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.

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.

Observing that legacy policies have hampered the contribution of the Department of Energy’s National Laboratories to the modern innovation economy, Brookings Institution authors Scott Andes, Mark Muro and Matthew Stepp outline a plan to engage DOE labs with regional technology clusters. The authors recommend tasking the labs with an explicit regional economic development mission, as well as opening regionally oriented microlabs that would provide a front door for smaller businesses to access lab resources.

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.

Federal investment in research and development appears to be falling far short of the ambitious goals set by Presidents Bush and Obama in the early part of the century. Though federal R&D spending grew by 22.5 percent from fiscal years 2002 to 2012, commitments declined substantially in 2011-12, following the spike in funding through the Recovery Act. By 2012, R&D expenditures were at their lowest levels since 2004.

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.

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.

The U.S. Department of Commerce released a solicitation (EDA-HDQ-OIE-2014-2004219) for Regional Innovation Grants via the 2014 Regional Innovation Strategies (RIS) program. Under the RIS program, Commerce is soliciting applications for three separate Regional Innovation Strategy funding awards, including:

An Aug 22 Readwrite post drew our attention to a potential “peak app” period arising. That wasn’t the intended conclusion of the ComScore, Inc. according to the authors of the white paper, The U.S. Mobile App Report.

The Los Angeles-Long Beach-Santa Ana metropolitan area is home to the largest number of manufacturing jobs in the country, according to data from the U.S. Bureau of Labor Statistics (BLS). Approximately 510,900 people are employed by manufacturing firms in the Los Angeles metro, about 100,000 more than in the Chicago-Joliet-Naperville area, which is ranked second for manufacturing employment. Other top metros include New York-Northern New Jersey-Long Island, Houston-Sugar Land-Baytown and Dallas-Fort Worth-Arlington.

The Maryland Technology Development Corporation (TEDCO) announced that it received state-backing for its Cybersecurity Investment Fund (CIF) – a fund that helps companies across the state develop and commercialize new cybersecurity products. TEDCO will make investments of up to $100,000 to help companies achieve early technical milestones that are critical to the commercialization process.

Most R&D expenditures are concentrated across just a handful of states, according to recent NSF data on how research and development is funded in the United States.  In 2011, nearly two-thirds of all research and development expenditures came from private sources. In the wake of the nation’s federal stimulus package that saw an upswing in government spending on research and development, most states are beginning to rely more on innovation that stems from R&D conducted and paid for by private sources rather than the federal government.

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.