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ND-MN Group Develops Five-Year Plan to Sustain Prosperous Economy

Thursday, May 22, 2014

While it is common for states, regions or cities to develop economic strategies when times get rough, the Valley Prosperity Partnership hopes to capitalize on the unprecedented job growth the Red River Valley has experienced in recent years to build a more innovative economy. A new, five-year action agenda, drafted in partnership with Fourth Economy, offers many possible action items for the region, which includes parts of North Dakota and Minnesota.

  • Read more about ND-MN Group Develops Five-Year Plan to Sustain Prosperous Economy

Angel Investment Grows As Media Sector Surges in 2013

Thursday, May 29, 2014

U.S. angel investors returned to their pre-recession level of activity in 2013, according to the latest release from the University of New Hampshire’s Center for Venture Research (UNH CVR). Investment had plummeted during the economic crisis of 2007-09, and grew over the next few years. Last year however, investment dollars jumped by 8.3 percent and deals increased by 5.5 percent over the previous year. Total investments reached $24.8 billion in 2013, near the market high of $26 billion achieved in 2007.

  • Read more about Angel Investment Grows As Media Sector Surges in 2013

People on the Move

Thursday, May 29, 2014

Ivy Estabrooke has been named the executive director for the Utah Science and Technology Research initiative. She replaces former Executive Director Ted McAleer, who stepped down in January.

Catherine Lang, Nebraska’s director of Economic Development and Commissioner of Labor, has resigned to pursue a job in the private sector.

  • Read more about People on the Move

Highlights from the President's FY15 Department of Energy Budget Request

Wednesday, March 5, 2014

The administration’s FY15 budget request in discretionary funding for the Department of Energy (DOE) is $27.9 billion (1 percent decrease from FY14), of which $12.3 billion would support R&D (8.4 percent increase) and $4.2 billion would support investment in the Department’s applied energy sector programs to drive an “all-of-the-above” approach to energy sector innovation. The proposed budget would provide substantial increases for funding advanced manufacturing and clean energy R&D.

  • Read more about Highlights from the President's FY15 Department of Energy Budget Request

Highlights from the President's FY15 Department of Defense Budget Request

Wednesday, March 5, 2014

The FY15 budget request for the Department of Defense (DOD) would provide $495.6 billion (0.1 percent decrease) in discretionary base funding. DOD is proposing a strategic rebalance to the Asia-Pacific region as the war in Afghanistan nears an end, while also maintaining a military presence and engagement with allies and partners in the greater Middle East. The budget supports this adjustment and makes strategic investments in areas identified as priorities, such as increasing security challenges and opportunities in cyberspace, continuing to invest in R&D to feed innovation in both the military and civilian sectors, and combating terrorism.

  • Read more about Highlights from the President's FY15 Department of Defense Budget Request

Highlights from the President's FY15 Department of Education Budget Request

Wednesday, March 5, 2014

The FY15 budget request for the Department of Education (ED) totals $68.6 billion (1.9 percent increase) in total discretionary funding. An overhaul of P-12 STEM education programs and a ConnectED initiative providing next-generation broadband and high-speed wireless network support to students and teachers are among the new proposals.

  • Read more about Highlights from the President's FY15 Department of Education Budget Request

Highlights from the President's FY15 Department of Interior Budget Request

Wednesday, March 5, 2014

The administration’s FY15 budget request for the Department of the Interior (DOI) would provide $11.7 billion (0.3 percent increase) in discretionary funding. DOI would receive $888.7 million (7.3 percent increase) for research and development activities. Of the proposed R&D budget, $94.8 million (3.5 percent increase) would be allocated to DOI’s Powering Our Future initiative, which supports renewable energy projects on federal lands and waters.

  • Read more about Highlights from the President's FY15 Department of Interior Budget Request

Highlights from the President's FY15 Department of Justice Budget Request

Wednesday, March 5, 2014

The Department of Justice (DOJ) would receive $27.4 billion in FY15 discretionary funding under the president’s budget request, a 0.4 percent increase.

  • Read more about Highlights from the President's FY15 Department of Justice Budget Request

Highlights from the President's FY15 Department of Transportation Budget Request

Wednesday, March 5, 2014

The president’s FY15 budget request for the Department of Transportation (DOT) totals $90.8 billion (25.7 percent increase), including the first installment of $73.6 billion for a $302.3 billion four-year surface transportation reauthorization proposal that would improve U.S. surface transportation systems. DOT would be allocated $865 million to support research and development (R&D) efforts across the department. Several administrations under DOT would see limited change in their R&D budgets. Funding for various research and development initiatives include:

  • Read more about Highlights from the President's FY15 Department of Transportation Budget Request

Highlights from the President's FY15 Department of Treasury Budget Request

Wednesday, March 5, 2014

The administration’s FY14 request for the Department of the Treasury’s domestic programs is $13.8 billion (9.2 percent increase). Under the proposed budget, Treasury would continue to fund programs focused on economic development, small business support, and job creation.

  • Read more about Highlights from the President's FY15 Department of Treasury Budget Request

Highlights from the President's FY15 Department of Homeland Security Budget Request

Thursday, March 6, 2014

The administration’s FY15 budget request for the Department of Homeland Security (DHS) is $38.2 billion (2 percent decrease) in non-disaster, net discretionary funding, excluding disaster relief funding. The proposed budget includes funding for major asset acquisitions, including $300 million for completing the construction of the National Bio- and Agro-Defense Facility. The proposed budget also includes $549 million to support the EINSTEIN intrusion, detection, and prevention cybersecurity system.

  • Read more about Highlights from the President's FY15 Department of Homeland Security Budget Request

Highlights from the President's FY15 Department of Housing and Urban Development Budget Request

Thursday, March 6, 2014

The president’s FY15 budget request for the Department of Housing and Urban Development (HUD) is $47.7 billion, a 2.6 percent increase. The administration’s Growth, Opportunity and Security Initiative proposes $280 million for HUD to support comprehensive revitalization in high-poverty neighborhoods and for the Promise Zones Initiative.

  • Read more about Highlights from the President's FY15 Department of Housing and Urban Development Budget Request

Highlights from the President's FY15 Environmental Protection Agency Budget Request

Thursday, March 6, 2014

The president’s FY15 budget request of $7.9 billion for the Environmental Protection Agency (EPA) reflects a 3.8 percent decrease from FY14 enacted. However, funding for science and technology programs would increase by 0.6 percent under the budget proposal. Priority funding areas for EPA R&D in FY15 include research in potential endocrine disrupting chemicals, human health risk assessment, air quality, sustainable approaches to environmental protection, and safe drinking water.

  • Read more about Highlights from the President's FY15 Environmental Protection Agency Budget Request

Highlights from the President's FY15 Small Business Administration Budget Request

Thursday, March 6, 2014

The administration’s FY15 budget request for the Small Business Administration (SBA) is $710 million. Of this amount, $47.5 million is for business loan subsidy and $197.8 million is for non-credit programs. Through the Opportunity, Growth and Security Initiative the administration also proposes public-private investment funding to support the scaling-up of new advanced manufacturing firms into full-scale commercial production.

  • Read more about Highlights from the President's FY15 Small Business Administration Budget Request

Highlights from the President's FY15 National Science Foundation Budget Request

Thursday, March 6, 2014

The president’s FY15 budget proposal for the National Science Foundation (NSF) would provide $7.3 billion (1.2 percent increase). Of that amount, $5.8 billion (no change) would be designated for research and related activities, $200.8 million (0.4 percent increase) for R&D facilities and equipment, and $889.8 million (5.2 percent increase) for education and training. Nearly 90 percent of NSF funding is awarded through a merit review process that includes distribution of grants and cooperative agreements.

  • Read more about Highlights from the President's FY15 National Science Foundation Budget Request

Highlights from the President's FY15 NASA Budget Request

Thursday, March 6, 2014

The president’s FY15 budget request for NASA totals $17.5 billion in discretionary funding and prioritizes research and development that has the potential to bolster long-term space exploration. Major priorities of the proposed budget include extending the life of the International Space Station to 2024 and institutionalizing partnerships with the commercial space industry.

  • Read more about Highlights from the President's FY15 NASA Budget Request

Weak Innovation Policy Environment Hampers U.S. Competitiveness, Finds ITIF

Thursday, July 10, 2014

In recent decades as many countries have developed sophisticated national innovation strategies, the U.S. has generally avoided attempts to introduce a coordinated innovation policy system. Instead, U.S. leaders have placed their trust in the market, rather than the government, to generate knowledge, products and businesses. A new report from the Information Technology and Innovation Foundation (ITIF) suggests that this approach ignores a major factor in the success of innovation economies.

  • Read more about Weak Innovation Policy Environment Hampers U.S. Competitiveness, Finds ITIF

DOE Awards $3.2M to Launch National Clean Energy Incubator Network

Thursday, July 10, 2014

The Department of Energy (DOE) has announced the launch of the National Incubator Initiative for Clean Energy (NIICE).  NIICE will serve a national support network for the nation’s clean energy startup community and the incubators that support them. The network will provide technical assistance and training services to help clean energy startups move their products closer to market readiness.

  • Read more about DOE Awards $3.2M to Launch National Clean Energy Incubator Network

SBA Announces Available Funding to Support Regional Clusters

Thursday, July 10, 2014

The Small Business Administration (SBA) announced it is accepting applications for the SBA Clusters Program. Under the SBA Clusters Program up to four contracts may be made to lead organizations of innovation cluster initiatives from across the country. The awards are intended to help the lead organization bring together regional assets to support the cluster and provide services and resources to small businesses involved in the cluster. Applications are due July 31.

  • Read more about SBA Announces Available Funding to Support Regional Clusters

Number of U.S. STEM Graduates Grows, But Workforce Skills Not Keeping Pace with Demand

Thursday, July 10, 2014

STEM degrees lead to higher salaries and more employment opportunities than other degrees, according to the National Center for Education Statistics (NCES). Despite these economic advantages, only 16 percent of 2008 graduates received a STEM degree. The lack of workers with STEM skills has created a difficult hiring environment for many U.S. firms. A recent Brookings Institution study reveals that the lack of STEM graduates has meant that STEM job postings take twice as long to fill as other postings.

  • Read more about Number of U.S. STEM Graduates Grows, But Workforce Skills Not Keeping Pace with Demand

Around the World in TBED

Thursday, July 10, 2014

In addition to the recent announcement of the U.S. Department of Energy’s Clean Energy Incubator program, several other countries announced initiatives that will provide financial and other resources to support innovation incubator and accelerator programs that help cultivate new tech startups and increase economic growth. Nations that made recent announcements include Canada, United Kingdom, and New Zealand.

  • Read more about Around the World in TBED

Despite Growing Demand, Most STEM Graduates Work in Other Fields

Thursday, July 17, 2014

About 74 percent of U.S. residents with a bachelor’s degree in science, technology, engineering and math (STEM) fields are not employed in STEM occupations, according to data from the U.S. Census Bureau’s American Community Survey. While STEM graduates are less likely to be unemployed, they generally find careers outside of science and technology.

  • Read more about Despite Growing Demand, Most STEM Graduates Work in Other Fields

NIST To Open New Competitions for MEP Centers Across the Country

Thursday, July 17, 2014

Over the next three years, the National Institute for Standards and Technology (NIST) Hollings Manufacturing Extension Partnership (MEP) plans to hold open competitions for MEP center cooperative agreements in all 50 states and Puerto Rico. The process will begin with a demonstration program this summer, in which competitions will be held in six to 10 states in each of MEP’s six regions.

  • Read more about NIST To Open New Competitions for MEP Centers Across the Country

Your Support for the Regional Innovation Program Needed

Thursday, July 17, 2014

As Congress continues negotiations over the FY15 federal budget, SSTI is hard at work trying to secure additional funding for the Regional Innovation program. The Regional Innovation Program was authorized under the American COMPETES Act and is designed to provide funding to support regional innovation activities. The Senate has approved $20 million for the program for FY2015, while the House did not provide any funding for the program. SSTI has prepared a support letter to Congressional leaders and is seeking organizations to sign on to the letter.

  • Read more about Your Support for the Regional Innovation Program Needed

New York Launches New $500M Semiconductor Partnership

Thursday, July 17, 2014

New York Gov. Andrew Cuomo announced the creation of the Power Electronics Manufacturing Consortium, a 100-member public-private partnership between public research universities, private sector companies, and other research partners to develop next generation of materials and processes used in the manufacturing of wide band gap semiconductors.

  • Read more about New York Launches New $500M Semiconductor Partnership

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Recent news from the SSTI Digest

Recent Research: How can states ensure effectiveness of R&D incentives?

Thursday, January 8, 2026

State R&D incentive programs such as tax credits are widely used to stimulate innovation, attract investment, and support long-term economic growth. But how do we know which programs truly increase R&D activity rather than simply subsidizing what companies would have done anyway?

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Useful Stats: Higher education R&D expenditures reach $117 billion in FY 2024

Thursday, January 8, 2026

Higher Education R&D expenditures jumped 8%, or nearly $9 billion, from fiscal year (FY) 2023 to 2024, reaching an all-time high of over $117 billion, reveals new Higher Education R&D (HERD) survey data. The funding sources of HERD expenditures remain proportionally unchanged from the prior year, with all sources increasing, and the federal government ($5 billion) and institution funds ($2.5 billion) accounting for the largest dollar increases.

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TBED Works: MTI delivers on economic growth by supporting early-stage companies in targeted sectors

Thursday, January 8, 2026

The Maine Technology Institute’s core mission is to use innovation to spur the development of new products, processes, and companies that strengthen the state’s economy. Finishing its 25th year of operations, MTI solidly illustrates how a sustained, focused yet flexible and creative strategy can deliver this mission. MTI has disbursed $387 million across 4,350 distinct projects throughout Maine since its founding, and that funding has leveraged over $2.2 billion in private sector matching investment. 

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