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Commission Offers Guidelines to Strengthen European Research

Monday, June 21, 2004

Scientific research, technological development and innovation are the heart of a knowledge-based economy, and in order to strengthen this sector in Europe, the European Union’s (EU) research budget needs to be doubled, according to a new plan released by the Commission of The European Communities.

  • Read more about Commission Offers Guidelines to Strengthen European Research

Virginia Launches $12M Rural Broadband Initiative

Monday, June 21, 2004

One of the more interesting uses of funds from the national tobacco settlement with the states, Virginia officials announced a $12 million economic development and broadband technology infrastructure initiative to serve more than 25 towns, cities and counties of rural Virginia.

  • Read more about Virginia Launches $12M Rural Broadband Initiative

Industrial R&D Posts Largest Decline Yet in 2002, NSF Finds

Monday, May 24, 2004

Industrial research expenditures in the U.S. had a record single-year decline in 2002, according to the latest National Science Foundation (NSF) Survey of Industrial Research and Development. An inflation-adjusted decline of $8.6 billion was the largest-ever reported since the survey began in 1953. The 2002 tally, when measured in current dollars, also wins the ignoble distinction of reflecting the largest single-year absolute and percentage reduction at $7.7 billion and 3.9 percent, respectively.

  • Read more about Industrial R&D Posts Largest Decline Yet in 2002, NSF Finds

States Looking at Higher Ed to Foster Economic Growth

Monday, May 24, 2004

One of the most critical elements needed for a tech-based economy is a strong higher education system that supplies a source of research ideas, new technologies and a skilled workforce. Studies have shown that individuals with college degrees earn more money, obtain better jobs, pay more taxes, and are more apt to perform volunteer work. Given higher education's important role, several states have been re-examining how higher education can play a larger role in their economy.

  • Read more about States Looking at Higher Ed to Foster Economic Growth

HHS Seeks Input to Encourage Medical Technology Innovation

Monday, May 24, 2004

To encourage innovation in health care and speed the development of new medical technologies, the Department of Health and Human Services (HHS) announced last week it is forming an internal task force to weigh new ideas and promote new solutions.

  • Read more about HHS Seeks Input to Encourage Medical Technology Innovation

Kentucky Strives to Increase Rural Broadband Access

Monday, May 24, 2004

Advocates for deregulating Kentucky's broadband industry argued doing so would result in increased rural access to high speed Internet services. They'll have the chance to prove it with Gov. Ernie Fletcher's signature this week on deregulation legislation, HB 627.

  • Read more about Kentucky Strives to Increase Rural Broadband Access

Mentoring, Financing Linked for Pittsburgh Biotech Firms

Monday, May 24, 2004

Financial success for any start-up tech firm more often depends on adequate financing and proper management than the specific technology, experts say. Two tech-based economic development organizations in Pittsburgh have formed a new alliance to offer entrepreneurial life science firms with an eye toward greater sustainability and profitability.

  • Read more about Mentoring, Financing Linked for Pittsburgh Biotech Firms

State Legislatures Warming to Ag Biotech, Analysis Finds

Monday, May 24, 2004

Concerns for wheat and organic markets remain, however

While state governments across the country are overwhelmingly in favor of health-related biotechnology, agricultural biotechnology has received a somewhat less enthusiastic reception. That may be changing - however slowly - according to new information released last week by the Pew Initiative on Food and Biotechnology.

  • Read more about State Legislatures Warming to Ag Biotech, Analysis Finds

Useful Stats: More SBIR Award Data

Monday, May 24, 2004

Defense 2003 SBIR Phase II Awards

The Department of Defense (DoD) distributed $766.9 million in awards under fiscal year 2003 Phase II Small Business Innovation Research (SBIR) Program competition. A total of 1,080 awards averaging more than $710,000 were made.

  • Read more about Useful Stats: More SBIR Award Data

$3.5B Round of New Markets Awards Announced

Monday, May 17, 2004

Sixty-two organizations in 44 states and the District of Columbia will receive a total of $3.5 billion in tax credit allocations through the second competitive round of the New Markets Tax Credit (NMTC) Program, the Treasury Department recently announced. Several of the selected organizations have a national market perspective.

  • Read more about $3.5B Round of New Markets Awards Announced

SC Council Formed to Reshape the State's Economy

Monday, May 17, 2004

A new economic development council formed in South Carolina has been charged with two objectives: help reshape the state’s economy and raise its per-capita income. Members of the South Carolina Council on Competitiveness, a group of business, academia, government and economic development leaders, were announced earlier this month.

  • Read more about SC Council Formed to Reshape the State's Economy

Report Focuses on Evaluating R&D

Monday, May 17, 2004

A new report from the Advanced Technology Program (ATP), A Toolkit for Evaluating Public R&D Investment, provides useful information to anyone interested in evaluating publicly-sponsored research and development (R&D) programs. While the report focuses on more than 40 evaluations that have been performed for ATP, it offers one of the most comprehensive and understandable overviews of evaluation methods and applying those approaches.

  • Read more about Report Focuses on Evaluating R&D

Changing Role of Community Colleges Redefining the S&T Workforce

Monday, May 17, 2004

Community colleges can play an important part in shaping the workforce in the science and technology (S&T) sector. For example, with the growth in biotech, there is an increasing need for technicians in the biotech field and workers are finding that they can prepare for these jobs rather quickly in community colleges. Technicians in biotech manufacturing facilities generally have two-year specialized training or an associate degree from a technical or community college, according to the U.S.

  • Read more about Changing Role of Community Colleges Redefining the S&T Workforce

Useful Stats: 2003 DoD Phase I SBIR Proposals and Awards

Monday, May 17, 2004

The Department of Defense (DoD) distributed $152.9 million in awards under its fiscal year 2003 Phase I Small Business Innovation Research (SBIR) Program competitions. A total of 1,882 awards were selected from a pool of more than 15,000 proposals across all states and the District of Columbia.

  • Read more about Useful Stats: 2003 DoD Phase I SBIR Proposals and Awards

NSB Indicates Global Race Tightening for R&D Leadership

Monday, May 10, 2004

2004 S&E Indicators includes chapter of state-level metrics

The U.S. remains the world's leading producer and net exporter of high-technology products, ranking among the global leaders in research and development (R&D) spending. However, ongoing economic and workforce changes make the outlook for the future uncertain, according to Science and Engineering (S&E) Indicators 2004, a biennial report of the National Science Board (NSB) to the President.

  • Read more about NSB Indicates Global Race Tightening for R&D Leadership

Useful Stats: Number of High School Graduates to Peak in 2008-09

Friday, March 5, 2004

When this year's high school freshmen receive their diplomas in four years, it will mark the largest and most competitive graduating class ever, according to a new study. Released by the Western Interstate Commission for Higher Education (WICHE), ACT Inc. and the College Board, the study projects the number of high school graduates will peak in 2008-09 at 3.2 million.

  • Read more about Useful Stats: Number of High School Graduates to Peak in 2008-09

Stowers to Double Life Science Center in Kansas City

Friday, February 27, 2004

Arizona taxpayers paid at least $100 million for the TGen Institute. The east coast version of Scripps cost Florida a cool $500-plus million. How much should Kansas City expect to pay the Stowers Institute for Medical Research to double the size of its 600,000 sq. ft. research facility instead of locating a second campus elsewhere?

Not a dime.

  • Read more about Stowers to Double Life Science Center in Kansas City

Calif. Treasurer Commits $1.5B Toward Green Tech

Friday, February 27, 2004

California's Treasurer Phil Angelides called earlier this month for the nation's largest and third largest pension funds to invest at least $1.5 billion into environmental technologies and environmentally responsible companies.

  • Read more about Calif. Treasurer Commits $1.5B Toward Green Tech

Northeast Ohio Foundations Pool $22M for Regional ED

Friday, February 27, 2004

The Fund for Our Economic Future, a new collaboration of Northeast Ohio private, community and corporate foundations to support regional economic development, has secured more than $22 million in commitments and is expected to grow to $30 million. Launched last week, the fund is believed to be the largest and most comprehensive philanthropic collaboration of its kind in the U.S.

  • Read more about Northeast Ohio Foundations Pool $22M for Regional ED

Delaware Gov. Wants $34M for Tech-based ED

Friday, February 27, 2004

As promised in her 2004 State of the State Address, Gov. Ruth Ann Minner released a New Economy Initiative last week that includes several new elements to encourage economic growth in Delaware. The $34 million package is expected to generate at least $16 million more in federal and private match. Many of the elements of the plan were recommended by the governor's Strategic Economic Council.

  • Read more about Delaware Gov. Wants $34M for Tech-based ED

TBED Financing Included in Proposed Maine Bond Issue

Friday, February 27, 2004

Advanced research grants and equity financing are just two items slated for funding in Maine Gov. John Baldacci's $120 million revenue bond package, unveiled last week. The tech-based economic development (TBED) items would receive a combined $7 million in funding. The largest portion of the governor's package, $65 million, is dedicated to land conservation and parks. Other elements address housing, health and environmental issues.

  • Read more about TBED Financing Included in Proposed Maine Bond Issue

NJ Gov. Wants Money For Stem Cell Research, Tax Credits

Friday, February 27, 2004

"We cannot be satisfied with simply passing stem cell research legislation."

  • Read more about NJ Gov. Wants Money For Stem Cell Research, Tax Credits

NC Biotech Plan Ambitious

Friday, February 27, 2004

A new plan to grow North Carolina's biotech industry to 48,000 jobs by 2013 and 125,000 by 2023 was released earlier this month by the North Carolina Biotechnology Center, a state-supported nonprofit organization. If implemented, the 108-page plan would cost up to $650 million over five years. That figure does not include the "to be determined" cost for 15 of the plan's 54 recommendations.

The 54 action steps span a variety of objectives:

  • Read more about NC Biotech Plan Ambitious

UC Tops List of Universities Receiving Patents in 2003

Friday, February 13, 2004

The United States Patent and Trademark Office (USPTO) has announced the top 10 U.S. universities receiving the most patents during calendar year 2003. The University of California tops the list for the tenth consecutive year.

  • Read more about UC Tops List of Universities Receiving Patents in 2003

Kansas Legislature Wants $500M for TBED Strategy

Friday, January 30, 2004

Flanked by the Kansas Senate President and House Speaker, Republican legislators unveiled on Tuesday a two-pronged agenda to encourage entrepreneurship and biotechnology across the state. The plan calls for the state to invest at least $500 million over the next 10 years through a variety of new programs to encourage research, innovation and technology commercialization.

  • Read more about Kansas Legislature Wants $500M for TBED Strategy

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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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