NREL, Wells Fargo Launch $10M Cleantech Innovation Incubator, $2.3M Tech Accelerator
The Energy Department’s National Renewable Energy Laboratory (NREL) will administer two new initiatives to bring clean energy technologies to market. Lab-Corps, a $2.3 million pilot program, will build on the National Science Foundation’s iCorps model to accelerate the development of cleantech discoveries and train lab researchers.
Applications for EDA Regional Innovation Solicitation Due Next Week
November 3, 2014, is the last day to submit an application for FY14 grants through the Economic Development Administration’s Regional Innovation Strategies program. The current solicitation includes three different types of awards: i6 Challenge grants, Science and Research Park Development Grants; and, Cluster Grants to support the development of seed capital funds.
Ballot Preview: Voters to Decide on Taxes, GMOs, Higher Ed
On November 4, 42 states will vote on 146 ballot issues across a wide array of issues. In addition to initiatives on gun control, bear baiting, and the minimum wage, several initiatives relevant to the TBED community are also up for decision. SSTI has gathered information on many of these and will discuss their results after next week’s elections.
Manufacturing Committee Pushes for Increased Coordination, Investment
The federal government should invest in strategic technologies and multi-agency initiatives to iincrease U.S. advanced manufacturing capabilities, according to a new report from the President’s Council of Advisors in Science and Technology. The Advanced Manufacturing Partnership (AMP) Steering Committee “2.0” is a cross-sector, national effort to secure US leadership in emerging technologies that create high-quality manufacturing jobs and enhance the nation’s competitiveness.
MI Gov Snyder Signs Law to Create Secondary Markets for Crowdfunded Securities
Michigan Gov. Rick Snyder recently signed a new law (HB 5273) that will allow for the creation of secondary markets through which intrastate crowdfunded securities can be listed, sold and resold. Under the new securities exemption, broker-dealers interested in establishing an exchange (online or in person) must apply and be registered with the state as well as follow rules of operation laid out in the legislation.
SEC Small Business Forum to Tackle Accredited Investor Definition, SEC Strategic Plan 2014-18 Released
On November 20, the Securities Exchange Commission (SEC) will hold its annual Government-Business Forum on Small Business Capital Formation in Washington, D.C. The forum will include a morning panel session and four afternoon breakout groups. During the morning panel, the SEC panel will kick off the event by tackling several topics including the hot-button issue of defining accredited investor. In the afternoon, attendees can register to attend one of four topic-specific breakout groups:
New Governors Offer Previews of Their Economic Strategies
On Tuesday, 36 states held gubernatorial elections. Though it was a good night overall for incumbents, 10 new governors will take office next year. Republicans picked up four governorships that are currently under Democratic control, including Arkansas, Illinois, Maryland and Massachusetts, while Democrats managed a win in currently Republican Pennsylvania. New governors will also take office in Arizona, Hawaii, Nebraska, Rhode Island and Texas.
HUD Announces Application for Cities Seeking Direct Technical Assistance, Economic Revitalization
Last week, the U.S. Department of Housing and Urban Development (HUD) announced a Request for Applications (RFA) for cities seeking economic revitalization through the National Resource Network (The Network), a public-private initiative that works with national experts and strategic partners to increase the economic competitiveness of cities and reverse population decline, job loss, and high poverty rates.
EDA to Solicit Second Round of Funding to Establish Manufacturing Communities in ‘Coming Weeks’
U.S. Secretary of Commerce Penny Pritzker announced the solicitation for the second round of the Investing in Manufacturing Communities Partnership (IMCP) will be released in the coming weeks. Through this federal funding competition, regions from across the country will compete to receive the designation of manufacturing communities and receive the financial and technical support of 11 federal agencies to achieve economic growth and job creation through manufacturing.
Mid-Career Executives, Personal Business Experience Drive Startup Success
In two recent academic journal articles from the United Kingdom (UK), the authors look at the characteristics that lead to successful entrepreneurs and startup firms. In both articles, the founders’ business experience – both corporate and entrepreneurial – was a strong indicator of startup success, sustainability, and job creation.
TBED Ballot Issues, Bond Proposals Fare Well in Midterm Elections
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.
Republican Gains in State Legislatures, Governorships Lead to Increase in One-Party Governments
With about 82 percent of all U.S. state legislative seats up for election on Tuesday, Republicans took control of 11 chambers previously held by Democrats, according to the National Council of State Legislatures (NCSL). As of Wednesday, state legislative chambers stood at 68 Republican and 30 Democrat, with Nebraska’s unicameral legislature as non-partisan.
DOD Releases FFO to Establish $110M Integrated Photonics Manufacturing Institute
The Department of Defense (DOD) released a federal funding opportunity (FFO) to establish an Integrated Photonics Institute for Manufacturing Innovation (IP-IMI). Administered by the Air Force Research Laboratory, the Integrated Photonics Institute will assist in developing an end-to-end photonics ecosystem in the U.S. and support photonics-focused research and development efforts across the country (see related Digest article).
Annual Reports Highlight Tech Commercialization Successes
Three research-focused economic development organizations have released reports over the course of the last month detailing their progress in supporting economic growth, innovation, and beyond. The University of Massachusetts, the Georgia Research Alliance, and the Virginia Center for Innovative Technologies each use a different approach to measure their success and to communicate their impact to external stakeholders. The variety of releases demonstrates the range of approaches that organizations use to provide useful data in a format that attracts attention to their achievements.
UK’s Catapult Network Continues to Grow, Receive Support
A new report released last week by Hermann Hauser, one of Britain’s most renowned technology entrepreneurs, announces his support for the expansion of the UK’s Catapult Network, a series of national centers focused on innovating around specific industry areas.
Useful Stats: Federal Support for Science, Engineering at U.S. Universities, FY2001-11
Federal funds for science and engineering at American universities grew steadily from 2001 to 2008, jumped in 2009 and 2010 due to the American Reinvestment and Recovery Act (ARRA), and more or less returned to its original trajectory in 2011, according to survey data from the National Science Foundation (NSF). Federal S&E funding in most states followed a similar pattern. A few states, including Minnesota and Delaware, managed to sustain their level of federal S&E support after the Recovery Act funds ceased.
Encourage Community College Innovation to Promote Middle-Skill Career Pathways, According to Report
A more innovative economy does not have to lead to greater inequality, as long as educational pathways exist for middle-skill workers, according to a new report from Jobs for the Future and Achieving the Dream. The groups’ Middle-Skill STEM State Policy Framework provides a set of strategic goals for states to link the community college experience with the needs of employers.
Universities Re-imagine Alumni Engagement With Angel Networks, Crowdfunding
Over the last several years, universities have been forced to reimagine ways that they engage with alumni beyond the traditional method of fundraising via alumni donations. These universities and their alumni associations want to increase alumni involvement and facilitate interactions between their high-achieving alumni, faculty, and students. Over this same time span, many universities have increased the size and scope of their entrepreneurship curricula and degree programs.
CO, MT Budgets Propose Increased Funding for Infrastructure, Workforce Development
Incumbent governors in Colorado and Montana released their budget proposals this month, with both of the proposed budgets including provisions that prioritize infrastructure spending, workforce development programs, and education. Infrastructure and capital projects in particular were popular among the proposed budgets, with Colorado’s budget allocating $281.6 million to improve technology infrastructure and Montana allocating $300 million for infrastructure, including $45 million to Eastern Montana communities impacted by oil and gas development.
Commerce Searches for National Partner to Establish Network of Regional Jobs Talent Development Exchanges
The Economic Development Administration (EDA) is accepting proposals for a national partner to help coordinate the Accelerating Industry-led Regional Partnerships for Talent Development Program – a nationwide learning exchange that will focus on building critical regional partnerships to accelerate job-skills development across United States.
As Industry Leaders Seek Innovation, Corporate Accelerators Continue To Emerge
More and more established companies are trying to keep pace with technological changes by increasing their presence in the startup community. Although some companies choose to locate divisions such as software in places like the Bay Area, others are taking a more hands-on approach. Corporate accelerators function as startup accelerators that receive significant and public support from established firms such as financial investments, privileged access to resources, official endorsements by the corporation, as well as continued organizational ties.
OH Board of Regents Offers Policy Options to Promote Inclusion in the Innovation Economy
In a new report, the Ohio Board of Regents highlights promising policies to build more competitive innovation economies by tapping into the skills, knowledge and entrepreneurship of women, African-Americans, rural residents and other underrepresented populations.
FCC Chairman Proposes E-Rate Reform to Extend High-Speed Internet to All Schools in Five Years
Federal Communications Commission (FCC) Chairman Tom Wheeler has proposed a permanent $1.5 billion increase in the cap of the E-rate program as part of the largest overhaul of the initiative in 18 years. The E-rate program is the federal government’s largest educational technology program, funding broadband and wireless access for schools and libraries with a portion of the funds received through the Universal Service fee for interstate communications.
Federal R&D Spending Rises in FY 2014, But Does Not Keep Pace With Economy
Though federal support for R&D increased in FY14, federal spending on research and R&D facilities is currently at its lowest point in a decade, according to new data from the National Science Foundation (NSF). After hitting an all-time high in FY09, U.S. federal funding for R&D slid downward for the four years. By FY13, funding for R&D, and R&D plant (buildings and fixed equipment), had fallen by 19.4 percent. Federal funds only began to tick back upward in FY14, when increased support for basic research, agriculture and natural resources led to a 2.4 percent increase.
Proposed AR Budget Faces Unclear Future, MS Proposal Targets Public Education, Workforce
Over the last couple weeks, governors in Arkansas and Mississippi presented budgets to their stage legislature. In Arkansas, term-limited Gov. Mike Beebe presented two budget proposals for the 2015-17 biennial budget to state lawmakers. However, Gov.-elect Asa Hutchison also will present a budget to the legislature that may differ from Gov. Beebe’s proposal and potentially impact funding for state agencies due to a proposed $100 million individual income tax cut. Mississippi Gov.