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Useful Stats: Initial Public Offering (IPO) totals and trends from fiscal years 2019-2022

Thursday, December 1, 2022

Over the past four fiscal years, there have been 1,977 initial public offerings (IPOs) completed by companies headquartered in the U.S., according to PitchBook, yielding more than $549 billion in capital invested. These companies are located in 45 states, D.C., and Puerto Rico. Almost 20% of those companies are no longer publicly held, having been returned to private ownership, been acquired, merged or gone out of business.

  • Read more about Useful Stats: Initial Public Offering (IPO) totals and trends from fiscal years 2019-2022

New York shuts down fossil fuel crypto infrastructure

Thursday, December 1, 2022

New York became the first state to enact a temporary ban on new cryptocurrency mining permits at fossil fuel plants in a move aimed at addressing the environmental concerns over the energy-intensive activity. The legislation, signed by Gov. Kathy Hochul, will impose a two-year moratorium on crypto-mining companies seeking new permits to retrofit some of the state’s oldest fossil fuel plants into digital mining operations.

  • Read more about New York shuts down fossil fuel crypto infrastructure

Recent Research: High-skilled immigrant entrepreneurs create a positive effect on U.S. entrepreneurial ecosystem

Thursday, December 1, 2022

Two recent working papers — The Impact of High-Skilled Immigration on Regional Entrepreneurship from Columbia University and Getting Schooled: The Role of Universities in Attracting Immigrant Entrepreneurs from the Philadelphia Federal Reserve Bank — explore the impact of high-skilled immigrants on entrepreneurship and how universities attract immigrant entrepreneurs. Both papers find that high-skilled immigrants have a positive net effect on regional entrepreneurship and are critical to the entrepreneurial ecosystem.

  • Read more about Recent Research: High-skilled immigrant entrepreneurs create a positive effect on U.S. entrepreneurial ecosystem

FCC releases new broadband map, will determine funding allocation across the nation

Thursday, December 1, 2022

The Federal Communications Commission (FCC) recently released the first draft of a new national broadband map providing a more granular look at broadband service throughout the country.

  • Read more about FCC releases new broadband map, will determine funding allocation across the nation

Commerce releases info on plans for CHIPS funding

Thursday, September 8, 2022

The recently-passed CHIPS and Science Act included $54.2 billion in appropriations, largely for semiconductor manufacturing incentives ($39 billion) and R&D ($11 billion). The administration is releasing information about its planned distribution of funds. Recent resources include: a strategic plan from the U.S.

  • Read more about Commerce releases info on plans for CHIPS funding

Perspective: Split Congress requires bipartisan work to advance tech

Thursday, November 17, 2022

Enough races have now been called in the 2022 midterm elections to confirm that the Senate will remain under Democratic party control while the House will switch to the Republican party. If any legislation is going to advance to the White House over the next two years, the parties are going to need to work together — both across and within each chamber (where Senate filibuster rules and House politics are likely to make bipartisan votes a necessity to passing bills).

  • Read more about Perspective: Split Congress requires bipartisan work to advance tech

ITIF report finds Germany outscoring US, Italy, and Canada in Innovation Competitiveness

Thursday, November 17, 2022

A report from ITIF exploring the factors involved in ecosystem strength found that states in Germany generally perform better than states in the U.S., Italy, and Canada in terms of globalization, knowledge economy, and innovation capacity.

  • Read more about ITIF report finds Germany outscoring US, Italy, and Canada in Innovation Competitiveness

Lessons from Michigan’s free tuition initiatives

Thursday, November 17, 2022

Despite the success of Michigan’s numerous initiatives to provide tuition-free college, an analysis from New America exploring Michigan’s effort to increase the affordability and accessibility of higher education found that the fragmented approach reduces the state’s ability to reach all residents needing financial assistance.

  • Read more about Lessons from Michigan’s free tuition initiatives

Amazon commits $53M to women-led, climate tech firms, incubators

Thursday, November 17, 2022

Amazon is allocating $50 million from its Climate Pledge Fund — Amazon’s venture capital program that invests in companies pioneering decarbonizing technologies and solutions — to invest in women-founded and women-led climate tech companies, as well as incubators and accelerators that prioritize women-led entities.

  • Read more about Amazon commits $53M to women-led, climate tech firms, incubators

Elections update: Two states flip, an incumbent loses, women gain two more governor seats, and ballot initiatives called

Thursday, November 17, 2022

Thirty-six states held gubernatorial contests in Tuesday’s (Nov. 8) mid-term elections. By the end of the last week, winners in 32 states had been chosen.

  • Read more about Elections update: Two states flip, an incumbent loses, women gain two more governor seats, and ballot initiatives called

Four state legislatures flip —Democrats pick up trifectas in mid-term elections

Thursday, November 10, 2022

Going into Tuesday’s 2022 mid-term elections, less electoral shakeup in state legislatures was expected after states’ redistricting efforts shored up many safe seats for incumbents — with the one notable exception being Michigan, thanks to an independent commission that had drawn a competitive map that put both legislative chambers in play.

  • Read more about Four state legislatures flip —Democrats pick up trifectas in mid-term elections

Ballot measures affecting state economies face varied results

Thursday, November 10, 2022

Voters across the country faced a number of ballot measures in Tuesday’s election that could in turn affect the innovation economy in their states. Bond issues affecting higher education were approved in New Mexico and Rhode Island, while the vote is still being counted in Arizona, which considered a measure that would allow more aid for non-citizens of the state pursuing higher education.

  • Read more about Ballot measures affecting state economies face varied results

Election implications for federal TBED policy still TBD

Thursday, November 10, 2022

As of Thursday morning, party control of both chambers of Congress is undetermined, as final outcomes remain unknown for 44 House seats and three Senate seats (per the AP). Chamber control may drive the size of the next few federal budgets — affecting opportunities for additional science and innovation funding — and determines who will be chair versus ranking member of committees.

  • Read more about Election implications for federal TBED policy still TBD

Gubernatorial elections retain power for incumbents, women gain more seats

Thursday, November 10, 2022

Thirty-six states held gubernatorial contests in Tuesday’s (Nov. 8) mid-term elections. By the end of the night and as of this writing Thursday morning, winners in 32 states had been chosen, with votes still being tallied in Alaska, Arizona, Nevada, and Oregon.

  • Read more about Gubernatorial elections retain power for incumbents, women gain more seats

NSF builds semiconductor workforce through concurrent Micron and Intel partnerships

Thursday, November 3, 2022

In an effort to alleviate the nationwide shortage of semiconductors, the U.S. National Science Foundation (NSF) announced two cross-sector partnerships, one with Intel Corp. and the other partnership with Micron Technology, Inc.

  • Read more about NSF builds semiconductor workforce through concurrent Micron and Intel partnerships

Some state ballot measures hold potential to affect innovation economy

Thursday, November 3, 2022

With 133 ballot measures before voters on Nov. 8, a gamut of topics will be decided. Those outlined below are the measure that could affect the innovation economy, ranging from initiatives that would affect higher education, to broadband expansion and measures intended to boost state economies.

  • Read more about Some state ballot measures hold potential to affect innovation economy

NSF awards $40 million to help build diverse STEM workforce

Thursday, November 3, 2022

The National Science Foundation recently announced the four 2022 NSF INCLUDES awardees. These new alliances will each receive $10 million over five years to contribute to building an inclusive STEM workforce. The awardees will tackle issues like increasing data science capacity at minority-serving institutions (MSIs), increasing the representation of Native American and Alaska Native students in STEM fields, and supporting equitable pathways to postdoctoral fellowship positions.

The 2022 NSF INCLUDES Alliances are:

  • Read more about NSF awards $40 million to help build diverse STEM workforce

Election 2022: Gubernatorial campaigns reveal positions on innovation initiatives

Thursday, October 27, 2022

Thirty-six states are holding gubernatorial elections this November, with voters in eight of those states (Arizona, Arkansas, Hawaii, Maryland, Massachusetts, Nebraska, Pennsylvania, and Oregon), choosing a new governor to replace a term-limited incumbent. In two states, Connecticut and Georgia, the incumbent is facing a re-match with their 2018 opponent, while in Alaska and Maine, the incumbent is being challenged by his/her predecessor, whom they defeated in 2018. Florida Gov. Ron De Santis is being challenged by former Gov.

  • Read more about Election 2022: Gubernatorial campaigns reveal positions on innovation initiatives

Would an increase in the quantity of NIH SBIR awards impact their overall quality?

Thursday, October 27, 2022

In a recent study titled Does NIH select the right healthcare ventures through the SBIR grant program?, researchers from Rutgers University and the University of Connecticut took advantage of the 2009 American Recovery and Reinvestment Act (ARRA) to conduct a natural experiment.

In a recent study titled Does NIH select the right healthcare ventures through the SBIR grant program?, researchers from Rutgers University and the University of Connecticut took advantage of the 2009 American Recovery and Reinvestment Act (ARRA) to conduct a natural experiment. The opportunity was available due to the National Institutes of Health (NIH) decision to use ARRA dollars to fund additional Phase I SBIR awards from general SBIR competitions, and the researchers compared these 19 ARRA-funded awards to the other 479 Phase I awards that were first funded in the same competitions with regular appropriations.

  • Read more about Would an increase in the quantity of NIH SBIR awards impact their overall quality?

2020 BERD data shows an increase of over $45 billion in domestic R&D spending

Thursday, October 27, 2022

Despite COVID-induced setbacks continuing to keep some people out of offices and laboratories, new Business Enterprise Research and Development Survey (BERD) data reveals that domestic research and development (R&D) spending, although slowing, is still on an uptrend.

  • Read more about 2020 BERD data shows an increase of over $45 billion in domestic R&D spending

Tech industry is booming, but women’s participation continues to lag

Thursday, October 20, 2022

In another illustration of how women’s participation in the tech industry continues to lag, SmartAsset recently released its annual report looking at Best Cities for Women in Tech. The report finds country-wide, the percentage of women in STEM is growing, but that growth is occurring at a dwindling rate, and that women make up only about 20% of the field’s total workforce.

  • Read more about Tech industry is booming, but women’s participation continues to lag

NIST solicits information to improve CHIPS and semiconductor industry

Thursday, October 20, 2022

The National Institute of Standards of Technology (NIST) is seeking public input through Requests for Information (RFIs) for two programs under the CHIPS Act. Under Secretary of Commerce for Standards and Technology and NIST Director Laurie E.

  • Read more about NIST solicits information to improve CHIPS and semiconductor industry

NSF Engines program revises deadline, directions for Type-2 proposals

Thursday, October 20, 2022

The U.S. National Science Foundation’s Regional Innovation Engines (NSF Engines) program has revised the Broad Agency Announcement (BAA) for Type-2 NSF Engines program proposals, moving the deadline up to Jan. 18, 2023, among other changes, which are detailed in the revised BAA and key related resource documents that were published on Oct. 17, 2022.

  • Read more about NSF Engines program revises deadline, directions for Type-2 proposals

$2.8B announced for manufacturing EV batteries and grid

Thursday, October 20, 2022

In a move to strengthen the domestic manufacturing of batteries for electric vehicles (EVs), the U.S. Department of Energy (DOE), announced $2.8 billion for 20 companies in 12 states to extract and process battery materials and manufacture components while creating good-paying jobs.

  • Read more about $2.8B announced for manufacturing EV batteries and grid

ARC POWER Initiative awards $47 million to diversify Appalachian economies

Thursday, October 20, 2022

The Appalachian Regional Commission (ARC) recently announced its largest POWER (Partnerships for Opportunity and Workforce and Economic Revitalization) Initiative funding package. This funding package awards nearly $47 million to 52 projects in 181 counties to support economic diversification and mitigate job losses from coal-related industries in Appalachian communities. 

  • Read more about ARC POWER Initiative awards $47 million to diversify Appalachian economies

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Recent news from the SSTI Digest

NIH R&D budget is healthy in FY 2026 budget

Thursday, January 29, 2026

The Institutes and Centers of the National Institutes of Health receive an increase of $301 million in budget authority for a new total of $47.216 billion in FY 2026, a figure that stands in sharp contradiction to the severe cuts recommended in the Administration’s request. Additionally, ARPA-H is to receive $1.5 billion. 

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Recent Research: AI-exposed occupations and the changing job market for college graduates

Thursday, January 29, 2026

The breakthrough launch of ChatGPT in November 2022 sparked widespread questions about artificial intelligence and the future of work. How would generative AI reshape jobs and industries? Would certain roles become obsolete? How should education and training programs prepare workers for an AI-integrated workplace? To understand AI’s actual labor market impact, researchers examined unemployment patterns and hiring trends in AI-exposed occupations between 2022 and 2024 in a new study.

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Recent Research: Is innovation district success the enemy of resilience?

Thursday, January 29, 2026

Innovation districts have become a central tool in contemporary economic development, promoted for their ability to revitalize underused urban areas, attract high-growth firms, and strengthen regional competitiveness. Influenced by early work from Bruce Katz and colleagues at the Brookings Institution, many districts were intentionally located in formerly industrial or disinvested neighborhoods and initially delivered clear economic gains.

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