Search

American Recovery and Reinvestment Act (ARRA) funding allowed the U.S. federal government to maintain steady funding of research and development (R&D) during the economic crisis. Now that the vast majority of those funds have been spent, however, the U.S. will have to step up its support of R&D to remain competitive. Earlier this year, the National Science Foundation (NSF) National Center for Science and Engineering Statistics released some illuminating data on how an increase in federal spending helped buoy U.S.

When testing fourth-, eighth- and twelfth-grade students on their ability to conduct science experiments and thoughtfully explain the results, investigators made three key discoveries that policymakers say may be troubling for future workforce needs. The National Center for Education Statistics Science in Action report found that when using limited data sets, students could make straightforward observations on the data.

To continue the momentum surrounding economic gardening, innovation and entrepreneurship efforts that began last year, lawmakers provided level funding and added funds for arts and cultural programs and community-focused workforce initiatives in the FY13 budget. Michigan's higher education institutions will receive a 3 percent increase in funding, which is tied to performance metrics that include R&D expenditures and degree granting in critical skills areas.

A new report from the Ohio Board of Regents proposes a statewide commercialization ecosystem to create jobs, promote economic growth and increase wealth in the state. According to the report, recent research suggesting that, when compared to other states, Ohio lags behind in the commercialization of technology. In The Condition of Higher Education in Ohio: Advancing Ohio's Innovation Economy, there are several recommendations to improve the state's technology transfer pipeline to turn academic research into market-ready products and services including:

Some of the brightest, most innovative ideas are made in the tech-based economic development field. Every day, practitioners are discovering new ways to support companies and entrepreneurs who are building the next economy. SSTI recognizes these achievements through the award for Most Promising TBED Initiative. Last year's winner, NorTech wowed the judges with their systematic approach to growing industry clusters. Submit your accomplishments by July 17 and become the next winner of this prestigious award.

A new online flexible degree program backed by Gov. Scott Walker and the University of Wisconsin (UW) System aims to significantly raise the number of college graduates by allowing adults with some college experience to work at their own pace, earn credit for what they already know, and pay reduced rates through partnerships with employers. In order to appeal to the nearly 700,000 Wisconsin adults with some postsecondary education credit, the UW Flexible Degree provides a more personalized, self-paced college experience and a shortened time to degree completion.

Foreign-born inventors and entrepreneurs play a vital role in the U.S. innovation economy, yet these individuals face many obstacles if they wish to remain in the country. Last year, more than three-quarters of all patents at the top ten patent-producing universities had at least one foreign-born inventor, according to report from the Partnership for a New American Economy. The report lays out several policy changes that could help the country retain more foreign-born innovators trained at U.S.

The Biotechnology Industry Organization (BIO) released a report on the significant economic impact of university and nonprofit institution patent licensing on the U.S. economy between 1996 and 2012. According to The Economic Contribution of University/Nonprofit Inventions in the United States: 1996-2010, the economic impact data related to patent licensing from university and nonprofit institutions indicated:

Betsy Biemann, who has served as president of the Maine Technology Institute since 2005 has resigned. Joe Migliaccio, manager of MTI's Business Innovation Program, is serving as interim president.

Indiana Gov. Mitch Daniels has been named the next president of Purdue University. Daniels will become the 12th president in Purdue's 143-year history in January at the end of his second term as governor.

Businesses that received Kentucky incentives reported creating 55,173 jobs between 2001 and 2010, according to a report from the Anderson Economic Group (AEG). In addition, each year approximately 33,000 jobs were maintained due to the incentives. In 2010, the gross cost to the commonwealth was $140 million and averaged $3,330 per job per year between 2001 and 2010.

An InfoBrief from the National Science Foundation's (NSF) provides a preview of the results of NSF's latest survey of R&D activities performed and funded by state government agencies in FY09. Though the InfoBrief is not a comprehensive guide to state R&D spending, the summary sheds some light on state research priorities. A total of $1.2 billion in spending was reported by state agencies, which also were asked about the type of R&D performed with those funds.

Caren Franzini, the CEO of the New Jersey Economic Development Authority, stepped down after leading the agency for 21 years. Michele Brown, Gov. Chris Christie's appointments counsel, will take over as CEO.

Tom Ridge, the first secretary of the U.S. Department of Homeland Security and a former governor of Pennsylvania, has been elected chairman of the State Science and Technology Institute's (SSTI) Board of Trustees. As chairman, Ridge will lead the board in providing strategic guidance and oversight of SSTI's operations as the group works to encourage economic growth through science, technology and innovation. "SSTI focuses on issues central to our nation's competitiveness," said Ridge.

The Obama administration today announced the 12 winners of the multi-agency Rural Jobs and Innovation Accelerator Challenge. Approximately $9 million in federal funding will help support rural public-private partnerships to promote job creation, accelerate innovation and provide assistance to entrepreneurs and businesses in a wide range of industrial sectors in rural regions across the country.

A bill introduced less than three months ago to spur economic activity through high-impact university-industry R&D projects and provide tools for tech-based startup companies was passed with overwhelming support in the legislature. In addition to the matching fund, the bill includes funding to provide paid internships to startup technology companies and establishes an entrepreneur and startup venture capital mentoring program. Measures to address the state's skills gap and promote manufacturing competitiveness also are included.

In the first half of 2012, venture capitalists invested $13.1 billion in 1,707 deals, according to data from the quarterly survey conducted by PricewaterhouseCoopers (PWC) and the National Venture Capital Association (NVCA). This represents a marked decline from the first half of last year, when investors completed 1,942 deals with $14.7 billion. Though activity picked up in the second quarter (Q2) in 2012, both deals and dollars remained lower than the same quarter last year.

In 2010, eight of 13 Western U.S. states currently maintain at least one tax exemption to encourage research and development according to a report from the Council of State Governments. In Trends in Western State Business Incentive, CSG looks at trends in the type and number of incentive business programs being used by 13 Western states — Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington and Wyoming.

The National Science Foundation (NSF) has released a breakdown of federal research and development (R&D) funding by research area. The report includes FY10 spending, FY11 preliminary spending levels and proposed FY12 levels. In 2010, national defense led the list of research priorities, receiving 59 percent of all U.S. R&D spending. Health research captured another 21.5 percent of spending. NSF provides tables for each research area that separate spending by federal agency and program.

Motivated by a number of interests, including enhancing economic development for their states, governors are seeking ways to be more energy efficient and build their portfolio of renewables. To help states move forward in these efforts, the National Governors Association (NGA) has released a white paper outlining 10 new ways to address longstanding challenges focused around four approaches:

Argonne is a Department of Energy national laboratory located in Lemont, IL, a southwest suburb of Chicago, with over 1,500 scientist and engineers performing world-class research aimed at solving the nation's energy, environmental and security challenges. ANL is seeking to fill the three positions listed below:

Re- is a remarkable prefix. Use of these two little letters in front of a word can demand we pause to reflect, re-examine and review how our situation has changed — and so too should our actions.

Re- recognizes the status quo isn't acceptable anymore. It reveals a need to rethink what we're doing and to react differently. It requires us to reconsider our goals and desired outcomes. It urges us to respond more appropriately to a new reality with new opportunities.

Change is constant. Every era ushers in forces requiring people, businesses, institutions and governments to adapt. The Great Recession, globalization, demographic shifts and stunning technological advances herald a new era demanding significant transformation. You wouldn't know that looking at how most economic development is practiced, however. That has to change.

As the world changes, economic development must evolve to stay relevant. This year's conference will feature thought leaders on operating in a global environment, capital, higher education and demographics, who will share their take on how current trends in these areas will affect the innovation economy.

A moderated audience discussion will ensure this interactive plenary session will provide the spark to help us start re-thinking everything.

Learn about the plenary...

The Coca-Cola Company's Clyde Tuggle will share his perspective and response to the challenges of managing an enterprise in our complex global environment in a keynote address at SSTI's Annual Conference. Mr. Tuggle will discuss how his company is changing the game through social networking platforms to build one of the world's most recognized brands. Read more about our special keynote address..

With economic development at a crossroads, SSTI's Annual Conference will re-examine every facet of the field. This year's conference will offer breakout sessions in four thematic tracks: strategic direction, universities in economic development, investment & capital and from theory to practice. Participate in the track that most suits your interest, or mix-and-match to create a unique conference experience.

Conference tracks include: