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Webinar recap: Community college strategies for TBED talent development

Thursday, October 10, 2024

Listen, refine, apply: Lorain County Community College’s approach to TBED talent development demonstrates a responsive, industry-aligned education strategy. A recent TBED Community of Practice webinar highlighted how this process keeps their semiconductor and microelectronics program in sync with ever-evolving student and industry needs.

  • Read more about Webinar recap: Community college strategies for TBED talent development

A home full of people who understand your work

Thursday, October 10, 2024

Doing this work in our separate regions and states, we can feel at times like we're the only ones doing what we do. SSTI recognizes it is even hard to explain your work to friends and family. What is a tech-based economic development practitioner? An ecosystem builder? A commercialization professional?  

  • Read more about A home full of people who understand your work

Useful Stats: Business R&D continues to rise despite inflationary concerns; federal share wanes

Thursday, October 10, 2024

Domestic business R&D expenditures have jumped 15% ($89 billion) from 2021 to 2022. This jump continues a decade-long trend of year-over-year increases, as a new 2022 Business Enterprise R&D (BERD) survey shows.

  • Read more about Useful Stats: Business R&D continues to rise despite inflationary concerns; federal share wanes

SBA names winners of Regional Innovation Clusters Initiative

Thursday, October 10, 2024

The Small Business Administration’s (SBA’s) has announced the Regional Innovation Clusters initiative awards winners. There are 14 winners from a pool of 79 applicants. There are two categories for these awards: emerging and mature clusters.

  • Read more about SBA names winners of Regional Innovation Clusters Initiative

Election 2024: states’ ballot measure initiatives impacting TBED

Thursday, October 10, 2024

Forty-one states and Puerto Rico will vote on 151 statewide ballot measures this fall.   

Forty-one states and Puerto Rico will vote on 151 statewide ballot measures this fall.   

Many of this year’s measures focus on abortion; citizenship or electoral system reforms (such as Arizona’s Proposition (Prop) 133 and Missouri’s Amendment 7, which would prohibit ranked-choice voting, while Idaho’s Prop 1, Nevada’s Question 3, and Oregon’s Measure 117 would establish ranked-choice voting); criminal justice or drug use policies (including the legalization of recreational (Florida, North Dakota, and South Dakota) or medical (Nebraska) marijuana, as well as certain psychedelic substances (Massachusetts could be the third state to legalize psilocybin); and minimum wage increases. Voters in Alaska, California, Massachusetts, and Missouri will decide on minimum wage increases, with Nebraska voters deciding on an initiative requiring paid sick leave for employees. In Arizona, voters will decide whether tipped workers should be paid 25% less per hour than minimum wage.

A dozen initiatives would impact tech-based economic development—providing funding for initiatives, changing the electoral or redistricting system, altering taxes, or modifying the governance of higher education.

  • Read more about Election 2024: states’ ballot measure initiatives impacting TBED

ITIF report highlights need for digital skills to remain competitive

Thursday, January 6, 2022

Although it led the global digital revolution, the United States is faltering now when it comes to digital skills possessed by the workforce. That is one of the findings of a recent report from the Information Technology and Innovation Foundation (ITIF), which goes on to say that such developments bode poorly for long-term U.S. competitiveness if such trends aren’t reversed.

  • Read more about ITIF report highlights need for digital skills to remain competitive

New DOE clean energy office to oversee $20B in investments, new tech developments

Thursday, January 6, 2022

The U.S. Department of Energy (DOE) announced the establishment of a new Office of Clean Energy Demonstrations that will support projects in areas including clean hydrogen, carbon capture, grid-scale energy storage, small modular reactors, and more. The recently-signed Infrastructure Investment and Jobs Act provides $21.5 billion in funding for the office’s administration and projects through 2026.

  • Read more about New DOE clean energy office to oversee $20B in investments, new tech developments

2021 Carnegie Classifications of Higher Education Institutions released

Thursday, January 6, 2022

In January, the Carnegie Classifications of Institutions of Higher Education released an updated 2021 classification list for universities. In this update, nine more universities have achieved the “Doctoral/Very High Research Activity” or “R1” category, the highest possible rank among research universities. Six additional universities were also added to the list following a six-week review period.

  • Read more about 2021 Carnegie Classifications of Higher Education Institutions released

Economic study shows robotics boom in Pittsburgh creating new businesses and jobs

Thursday, January 6, 2022

Celebrating its 25 years in operation, the National Robotics Engineering Center’s (NREC) success is revealed in an economic study commissioned by Carnegie Mellon University “to inform the future development of boundary-pushing institutions.” Established decades ago as “a new model of academic-industry partnership,” the NREC study, conducted by Fourth Economy Consulting, reveals how the robotics institution changed the economy of the neighborhood, region and robotics industry in Pittsburgh.

  • Read more about Economic study shows robotics boom in Pittsburgh creating new businesses and jobs

Initial venture capital data: $330 billion invested, $128 billion raised

Thursday, January 6, 2022

PitchBook and NVCA have published an initial look at the Venture Monitor Q4 2021, and the data already suggest an astounding level of activity in 2021. As of Dec. 31, PitchBook had identified $330 billion invested across more than 15,000 deals, substantial increases over the $167 billion invested across 12,000 deals in 2020.

  • Read more about Initial venture capital data: $330 billion invested, $128 billion raised

Federal grant recipients alert: Uniform Grants Guidance is changing

Thursday, May 16, 2024

While the headline above may be one of the most boring written in the SSTI Weekly Digest’s history, any recipient of federal grant funding should be aware that changes are coming to the Uniform Grants Guidance that governs federal grants, effective October 1. The guidance “sets the foundational requirements for agencies in making grants and providing other forms of Federal financial assistance, such as cooperative agreements and loans,” according to the White House. The changes will apply only to awards after October 1.

  • Read more about Federal grant recipients alert: Uniform Grants Guidance is changing

New Resource: Video provides insight into EDA’s Economic Adjustment Assistance Funds

Thursday, May 16, 2024

SSTI has released a new video in our Federal Funding Video Library featuring Trent Thompson, economic development representative with the Economic Development Administration’s Denver Regional Office. In this interview, we discuss how EDA’s Economic Adjustment Assistance (EAA) funds can be leveraged to support technology-based economic development (TBED) activities.

  • Read more about New Resource: Video provides insight into EDA’s Economic Adjustment Assistance Funds

Where are all of the successful accelerator participants?

Thursday, May 16, 2024

Accelerators are practically everywhere in the U.S., and a look at Pitchbook data on May 13, 2024, seems to confirm that. For the five years of 2019-2023, Pitchbook tagged 18,808 different companies as having received “accelerator/incubator funding.” Conceptually, they were all startups when they received that funding and will be at widely varying degrees of evolution today (the status for 1,730 of them, for instance, was listed as “out of business”). Only 765 were classified as being one of four statuses that might be most easily considered as positive exits:  1. publicly held; 2.

  • Read more about Where are all of the successful accelerator participants?

A bipartisan group of Senators releases recommendations for AI policy

Thursday, May 16, 2024

On Wednesday, a bipartisan group of senators published Driving U.S. Innovation in Artificial Intelligence: A Roadmap for Artificial Intelligence Policy in the United States Senate. The roadmap encourages the executive branch and the Senate Appropriations Committee to reach the $32 billion per year non-defense AI innovation spending level proposed by the National Security Commission on Artificial Intelligence.

  • Read more about A bipartisan group of Senators releases recommendations for AI policy

Registration is now open for the SSTI 2024 Annual Conference

Thursday, May 16, 2024

Registration is now open for the SSTI 2024 Annual Conference in Phoenix, December 10-12, at the Sheraton Grand at Wild Horse Pass, located in the Gila River Indian Community.

Join us to experience thought-provoking keynotes, open forums, and ample discussion so that you can share your perspective with peers and have your questions answered by policymakers and practitioners—all looking to exchange ideas on creating a better future through science, technology, innovation, and entrepreneurship.

  • Read more about Registration is now open for the SSTI 2024 Annual Conference

New national alliance commits to expanding access to STEMM education

Thursday, January 5, 2023

Seeking fundamental changes in access to and equity in science, technology, engineering, math and medicine (STEMM) education, the White House Office of Science and Technology Policy (OSTP) and participants from across sectors met and sought ways to ensure the STEMM ecosystem is equitable and inclusive.

  • Read more about New national alliance commits to expanding access to STEMM education

Commerce launches $100 million Capital Readiness Program for underserved entrepreneurs

Thursday, January 5, 2023

The U.S. Department of Commerce recently launched the Capital Readiness Program grant competition, which will provide $93.5 million to help minority and other underserved entrepreneurs grow and scale their businesses and be administered by the Minority Business Development Agency.

  • Read more about Commerce launches $100 million Capital Readiness Program for underserved entrepreneurs

Public input sought on federal bioeconomy strategy, needs

Thursday, January 5, 2023

With the Dec. 20 release of two Requests for Information (RFIs), the White House Office of Science and Technology Policy seeks public input to help guide the development and deployment of the National Biotechnology and Biomanufacturing Initiative, which is intended to use the two disciplines to advance innovative solutions in health, climate change, energy, food security, agriculture, and supply chain resilience.

  • Read more about Public input sought on federal bioeconomy strategy, needs

Where SSBCI equity programs stand at start of 2023

Thursday, January 5, 2023

Thirty-three states have been approved for at least one equity program through the State Small Business Credit Initiative (SSBCI) as of December 2022. The states are: Alaska, Arizona, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nebraska, Nevada, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Vermont, Virginia, West Virginia.

  • Read more about Where SSBCI equity programs stand at start of 2023

SSTI responds to SBA’s proposed changes to Small Business Investment Company (SBIC) program

Thursday, January 5, 2023

SSTI has written a response to the U.S. Small Business Administration’s (SBA) proposed revisions to the Small Business Investment Company (SBIC) program, which aim to increase program participation.

  • Read more about SSTI responds to SBA’s proposed changes to Small Business Investment Company (SBIC) program

Useful Stats: US leads the world in GDP, falls behind in R&D intensity

Thursday, August 3, 2023

With a GDP of over $23 trillion in 2021, the United States has the world's largest economy, according to the latest available data from the World Bank. Yet, the U.S. falls behind such countries as Israel and Korea when it comes to how much is spent on research and development (R&D) in proportion to GDP. For example, Israel and Korea spend 5.56% and 4.93% of their GDP on R&D compared to the U.S.’ 3.46%.

  • Read more about Useful Stats: US leads the world in GDP, falls behind in R&D intensity

SSTI releases new data tool that summarizes investment activity by state and tech area

Thursday, August 3, 2023

SSTI has released a new data tool that defines investment activity, one indicator of the vibrancy of a region’s innovation economy, in each of 18 technology areas.

  • Read more about SSTI releases new data tool that summarizes investment activity by state and tech area

Alejandra Y. Castillo to deliver SSTI conference keynote

Thursday, August 3, 2023

  • Read more about Alejandra Y. Castillo to deliver SSTI conference keynote

NSF Regional Innovation Engines program selects 16 teams for the final round of competition

Thursday, August 3, 2023

The National Science Foundation announced 16 finalists for the first-ever NSF Regional Innovation Engines (NSF Engines) competition, spanning a range of key technology areas and societal and economic challenges highlighted in the "CHIPS and Science Act." The NSF Engines will link up with local and regional partners to expand innovation nationwide and create collaborative and inclusive technology-driven innovation ecosystems.

The lead organizations for the 16 teams are:

Arizona State University

Current Innovation, NFP (IL)

FUZEHUB, Inc. (NY)

  • Read more about NSF Regional Innovation Engines program selects 16 teams for the final round of competition

Total STEM workforce and its diversity see increase

Thursday, March 2, 2023

Although men and whites still make up the largest share of the science, technology, engineering and math (STEM) workforce, it has been gradually diversifying over the past 10 years, with increased representation of women and underrepresented minorities — that is, Hispanics or Latinos, Blacks or African Americans, and American Indians or Alaska Natives, according to the 2023 biennial report, Diversity and STEM: Women, Minorities, and Persons with Disabilities, from the National Center

  • Read more about Total STEM workforce and its diversity see increase

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Recent news from SSTI Weekly Digest

What the proposed redefinition of “professional degrees” might mean for institutions, sectors, and workforce pipelines

Monday, November 24, 2025

The federal student loan landscape is undergoing its most sweeping restructuring in decades. Under the One Big Beautiful Bill Act (OBBBA) of 2025 and the U.S. Department of Education’s (ED's) proposed regulations, the definition of “professional degree” is being reinterpreted, sharply reducing the number of students eligible for the higher federal loan caps reserved for professional training.

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Recent Research: Do mergers and acquisitions spur more or less innovation?

Monday, November 24, 2025

With fewer than 1,000 Initial Public Offerings in any year, the most common exit strategy for investors in early-stage innovation firms is to find an acquisition opportunity. For the broader economic goal of encouraging innovation because it drives growth and societal progress, when large firms acquire smaller, innovative companies, does it promote innovation, or does it primarily help dominant players thwart possible competition and consolidate market power?

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TBED Works: TBED organization supports the creation of entrepreneurship ecosystems throughout Indiana

Monday, November 24, 2025

Technology-based economic development organizations work with economic development professionals throughout the U.S. to help build their local innovation and entrepreneurship ecosystems. Sometimes, bringing in outside expertise with established networks to R&D and finance can accelerate the local capacity to support innovation-driven startups. gener8tor, a venture capital and startup accelerator founded in Wisconsin, is one such example of external partners supporting TBED capacity building anywhere.

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