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IL, MI Report Significant Uptick in University Economic Impact

Thursday, March 24, 2016

Illinois and Michigan are among the few states that support regular comprehensive examinations of the role higher education plays in the overall innovation economy. Organizations in both states recently completed studies on university-generated entrepreneurship, licensing, investment and employment, finding a steady rise in university economic impact over the past five years.  In both cases, the increase in university impact was linked to an expanding university role in supporting entrepreneurs and researchers.

  • Read more about IL, MI Report Significant Uptick in University Economic Impact

America Makes Launches Effort to Define Additive Manufacturing Standards and Specifications

Thursday, March 24, 2016

America Makes, the National Additive Manufacturing Innovation Institute, announced the creation of the Additive Manufacturing Standardization Collaborative (AMSC) – an effort to coordinate and accelerate development of industry-wide additive manufacturing (AM) standards and specifications.

  • Read more about America Makes Launches Effort to Define Additive Manufacturing Standards and Specifications

Obama Administration Announces $66M via POWER Initiative

Thursday, March 24, 2016

In partnership with the Appalachian Regional Commission (ARC), the Economic Development Administration (EDA) announced the availability of $65.8 million in new funding through the Partnerships for Opportunity and Workforce and Economic Revitalization (POWER) initiative.

  • Read more about Obama Administration Announces $66M via POWER Initiative

NSF Launches New Inclusion Initiative to Broaden Participation in STEM

Thursday, March 10, 2016

The National Science Foundation (NSF) announced that it would commit up to $12.5 million in pilot grants to test novel ways of broadening participation in science, technology, engineering, and mathematics (STEM).

  • Read more about NSF Launches New Inclusion Initiative to Broaden Participation in STEM

Who is the American Angel?

Thursday, March 17, 2016

Angel investors are an essential component of the global economy, supporting ideas and innovators at their very earliest stages. In 2014, more than 200,000 American angels invested about $24 billion in 73,000 startups, according to the Angel Capital Association (ACA). Little data, however, exists on who these investors are and how they make their decisions. ACA, Wharton Entrepreneurship and the John Huston Fund for Angel Professionalism at Rev1 Ventures are launching a nationwide survey of angel investors to learn more.

  • Read more about Who is the American Angel?

15 New Communities Selected for TechHire Initiative

Thursday, March 17, 2016

To celebrate the one year anniversary of the TechHire Initiative, the Obama administration announced an expansion of the program with the addition of 15 new communities. The administration also announced activities and commitments to help support career and technical education. 

  • Read more about 15 New Communities Selected for TechHire Initiative

Productivity Linked to Research Quality, University Funding

Thursday, March 17, 2016

Florida Higher Education – Is the Cheapest Fiscally Sound? provides evidence for the connection between state funding for universities and productivity. Florida Research Consortium and Florida Chamber Foundation combine a variety of data to advance three connections: 1) state funding for universities is exponentially related to total funding for universities; 2) total funding for universities is related to research quality; and 3) research quality is related to productivity within Metropolitan Statistical Areas.

  • Read more about Productivity Linked to Research Quality, University Funding

Initiatives Announced to Help Young Women Overcome Roadblocks in STEM Education

Thursday, March 17, 2016

Several recent studies have identified the roadblocks that females face in Science, Technology, Engineering and Mathematics (STEM) fields. These two roadblocks include gender bias in the classroom and too few mentors in K-16 STEM fields. In an attempt to increase opportunities for females in STEM education, both federal and foundation funders have announced programs that will increase scholarship and internship opportunities for young women in STEM fields.

  • Read more about Initiatives Announced to Help Young Women Overcome Roadblocks in STEM Education

VA Gov Announces $20M in Workforce Funding Including Pay-For-Performance Workforce Initiative

Thursday, March 17, 2016

Virginia Gov. Terry McAuliffe announced the creation of a pay-for-performance workforce training program that will help Virginia workers acquire the industry certifications and occupational licenses that meet the needs of key businesses in each region of the state.

  • Read more about VA Gov Announces $20M in Workforce Funding Including Pay-For-Performance Workforce Initiative

DOE Awards First Round of Small Business Vouchers; Second Round Announced

Thursday, March 17, 2016

The U.S. Department of Energy (DOE) Office of Energy Efficiency and Renewable Energy (EERE) recently released the first round of 33 awardees from the Small Business Vouchers Pilot program.  A total of $6.7 million will be awarded in the form of vouchers for assistance from DOE national laboratories of up to $300,000 a piece. Small cleantech businesses may be able to apply in nine technical categories. A second round of awards also has been announced, with a third to follow later in the year.

  • Read more about DOE Awards First Round of Small Business Vouchers; Second Round Announced

Burgeoning Indiana Biosciences Research Institute Receives $100M in Grants

Thursday, March 17, 2016

The Indiana Biosciences Research Institute (IBRI), first unveiled in May 2013, is a statewide public-private partnership advanced by BioCrossroads that considers itself the first industry-led collaborative life sciences research institute in the country.

  • Read more about Burgeoning Indiana Biosciences Research Institute Receives $100M in Grants

Overview of the President's FY17 Federal Budget Request

Thursday, February 11, 2016

Earlier this week, President Obama released his final budget proposal, outlining $4.1 trillion in spending for federal agencies. Each year, SSTI reviews the president’s federal budget request for programs and spending related to entrepreneurship, regional innovation, economic development, manufacturing, research and development, technology commercialization, and STEM education and workforce training.

  • Read more about Overview of the President's FY17 Federal Budget Request

Support for Federally Funded R&D Centers Stagnate After Recovery Act

Thursday, March 10, 2016

New National Science Foundation data indicates that the federal government’s support for national laboratories and research centers has continued to decline in constant dollars after peaking with the 2011 infusion of American Recovery and Reinvestment Act (ARRA) funding.  Six federally funded research and development centers (FFRDC’s) comprise about one-half of all FFRDC spending: NASA’s Jet Propulsion Lab (JPL) and five Department of Energy national labs.

  • Read more about Support for Federally Funded R&D Centers Stagnate After Recovery Act

Assessing Impact of Manufacturing Value Chain on U.S. Economy

Thursday, March 10, 2016

When factoring in the broader manufactured goods value chain – including activities such as research and development, corporate management, logistics operations, and advertising and branding – manufacturing’s footprint on the American economy is much larger than what is measured in most analyses, according to a new report from the Manufacturers Alliance for Productivity and Innovation (MAPI). In their report, The Manufacturing Value Chain Is Much Bigger Than Yo

  • Read more about Assessing Impact of Manufacturing Value Chain on U.S. Economy

Several Universities Look to Unify Startup Investment Efforts to Support Regional, State Economic Prosperity

Thursday, March 10, 2016

Over the last month, several universities have announced new initiatives that look to spur investments in university-related startups to support economic growth and prosperity within their region or state. These include efforts in Triangle Venture Alliance in North Carolina, Purdue Ventures in Indiana, and a partnership between Oregon State University and a local investment fund.

North Carolina

  • Read more about Several Universities Look to Unify Startup Investment Efforts to Support Regional, State Economic Prosperity

University Pre-Accelerators the New Hot Trend, But What Are They?

Thursday, February 4, 2016

Over the last few months, a number of universities across the country have launched pre-accelerator programs – a new trend that has emerged in university-led efforts to support entrepreneurial growth among faculty and students. This week, the Digest examines this growing trend and attempts to provide insight into two important questions about pre-accelerators:

  • Read more about University Pre-Accelerators the New Hot Trend, But What Are They?

Highlights From Our First 20 Years

Thursday, March 3, 2016

Over the years, the SSTI Digest has covered every aspect of the innovation economy, touching on entrepreneurship, high-tech research, STEM education, economic trends, global competitiveness, federal, state and local policy, and much more. We have striven to achieve a balance between news and analysis, bringing our readers everything they need to understand the evolving state of tech-based economic development.

To celebrate our second decade, SSTI has assembled some of the most important articles of our past 20 years.

  • Read more about Highlights From Our First 20 Years

As Digest Popularity Grows, Original Subscribers Share Thoughts on its Impact

Thursday, March 3, 2016

On March 1, 1996, the first edition of the SSTI Digest was sent to a select group of fewer than 60 state tech-based economic development leaders. The original subscribers received the Digest via fax every Friday because Sprint offered unlimited, free calls and faxes each Friday. Since these early days, the Digest has grown to thousands of subscribers from across the country as well as hundreds of subscribers from several countries.

  • Read more about As Digest Popularity Grows, Original Subscribers Share Thoughts on its Impact

IL, MI, NJ Face Difficult Decisions in Upcoming Budget Negotiations

Thursday, February 25, 2016

Governors around the country continue to lay out priorities for the next legislative session. In the coming weeks, SSTI will review gubernatorial addresses and budget proposals related to economic development. This week, we highlight developments in Illinois, Michigan and New Jersey.

  • Read more about IL, MI, NJ Face Difficult Decisions in Upcoming Budget Negotiations

GAO: Increased Coordination Needed to Address Capital Access Gaps for Innovative Manufacturers

Thursday, February 25, 2016

While the Department of Commerce’s (DOC) Economic Development Administration (EDA) continues to take steps to implement the Federal Loan Guarantees for Innovative Technologies in Manufacturing (ITM) program, additional steps remain before they can issue loan guarantees according to a new report from the United States Government Accountability Office (GAO).

  • Read more about GAO: Increased Coordination Needed to Address Capital Access Gaps for Innovative Manufacturers

Immigrants Play Vital Role in U.S. Innovation, ITIF Report Finds

Thursday, February 25, 2016

Immigrants play a significant role in American innovation, while women and minorities are underrepresented, according to a new report from the Information Technology and Innovation Foundation (ITIF).

  • Read more about Immigrants Play Vital Role in U.S. Innovation, ITIF Report Finds

DOE Issues Formal Response to CRENEL Report

Thursday, February 25, 2016

The Department of Energy (DOE) has published a formal response to the final report of the Commission to Review the Effectiveness of the National Energy Laboratories (CRENEL).

  • Read more about DOE Issues Formal Response to CRENEL Report

NIST Releases $70M National Manufacturing Institute FFA, First NNMI Reports Released

Thursday, February 25, 2016

The National Institute of Standards and Technology (NIST) released a new Federal Funding Announcement (FFA) to award its first national manufacturing innovation institute (NMII). Proposers may solicit a new NMII on any advanced manufacturing technology focus area not already addressed by another institute or competition.

  • Read more about NIST Releases $70M National Manufacturing Institute FFA, First NNMI Reports Released

17 Governors Sign Accord to Promote Clean Energy, Economic Prosperity

Thursday, February 25, 2016

A bipartisan group of 17 governors signed the Governors’ Accord for a New Energy Future – a joint commitment to support the deployment of renewable, cleaner and more efficient energy technologies and other solutions to make the U.S. economy more productive and resilient as well as spur job creation in member states.

  • Read more about 17 Governors Sign Accord to Promote Clean Energy, Economic Prosperity

Useful Stats: Share of U.S. Venture Capital Activity and Per Capita Investment by State, 2010-2015

Wednesday, February 24, 2016

More than three-quarters of U.S. venture capital dollars went to companies in California, New York and Massachusetts in 2015, according to data from the PricewaterhouseCoopers (PwC)/National Venture Capital Association (NVCA) Moneytree Report. California companies received over 57 percent of all U.S. investment, about 0.5 percent down from the state’s peak in 2014. Both New York and Massachusetts received about 10 percent of U.S. dollars. Washington, the state with the fourth highest share, trailed far behind at 2.1 percent.

  • Read more about Useful Stats: Share of U.S. Venture Capital Activity and Per Capita Investment by State, 2010-2015

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