Since the beginning of the year, several new partnerships have been launched that are intended to support research collaboration, enhance student-employer relationships and increase overall university-industry engagement. These partnerships focus on creating a more expedited, user-friendly process for industry to partner with universities.
Businesses and entrepreneurs seeking commercializable technologies now have a powerful tool to locate inventions developed at federal labs. The Federal Laboratory Consortium for Technology Transfer first introduced its Available Technologies search engine last fall, but now has upgraded the tool with a Google-powered search and user profiles. Users now can create more specific search queries, which can be saved for repeated use. Access the search engine...
This week, President Obama released details of a climate action blueprint that incorporates preparation for future natural disasters as a major component of the plan. Most of the domestic aspects of the plan are to be implemented by executive order, avoiding the complications of the legislative process. Though much of the blueprint centers on the strengthening of American infrastructure, the improvement of the electrical grid and ambitious renewable energy standards, the plan also includes a few mentions of increased federal support for technology development and commercialization.
During the campaign trail and in speeches delivered during their first few weeks in office, governors in Florida and Nevada announced plans to overhaul economic development efforts without providing many details on how the new systems would operate. Draft legislation recently was introduced in the respective states, providing some insight on the structure and governance of the proposed agencies.
Recent announcements of new and emerging technology incubators range from Google's selection of Cape Town, South Africa to launch a pilot incubator supporting technology entrepreneurs that it hopes to replicate globally to Alabama Gov. Robert Bentley's plan to create a statewide business incubator focusing on workforce training. Select announcements from across the globe are highlighted below.
The FY12 Business, Economic Development and Labor budget approved by lawmakers includes $25.7 million for USTAR, the state-funded initiative to grow a knowledge-based economy. This is the same amount recommended by Gov. Gary Herbert, but down from FY11 projected spending of $35.4 million. That amount included some ARRA funding from previous years, however. Research Teams will receive $23 million and $1.9 million is slated for Technology Outreach.
Leasing the state's wholesale liquor distribution system to JobsOhio to provide a dedicated funding source of about $100 million annually for job creation is a key component to reforming Ohio's economic development efforts under Gov. John Kasich. The governor unveiled the plan last week as part of the 2012-13 biennial budget. The proposed budget also sets aside $33 million in the second year of the biennium to facilitate the transfer of economic development initiatives from the Ohio Department of Development (ODOD) to the newly established nonprofit corporation.
Over the last week, several states have announced/passed new programs focused on increasing the capital available to spur small business growth and innovation. Officials from New Jersey announced the state's new angel tax credit will take effect July 1. In Arizona and Wisconsin two bills await gubernatorial approval that would rework the Arizona R&D tax credit program and establish a $75 million venture capital fund in Wisconsin. Meanwhile, the Minnesota state legislature did not approve an additional $5 million for its popular Small Business Investment Tax Credit.
For several states, this year's legislative session resulted in continued austerity toward new investments and level funding for established tech-based initiatives producing good results. Workforce initiatives seemed to be the exception, garnering greater attention from state leaders eager to boost employment numbers — especially in high-tech fields.
SSTI is honored to welcome advertising legend Dan Wieden, co-founder+global executive director of Wieden+Kennedy and the man behind the "Just Do It" slogan as the keynote speaker for SSTI's 2013 Annual Conference being held in Portland, OR, September 15-17.
Dan Wieden grew up in Portland, graduated from the University of Oregon and worked briefly in public relations before trying his hand at copywriting. In retrospect, it wasn't such a bad career move.
Earlier this month, President Obama announced plans to expand broadband and wireless Internet access to every school and library in the U.S. The new initiative, ConnectEd, has a goal of connecting 99 percent of students to the Internet within five years by having the Federal Communications Commission (FCC) modernize and leverage its existing E-Rate program. The president claimed that millions of students lack access to high-speed broadband and fewer than 20 percent of educators say that their school's internet connection meets their needs, particularly those in rural America.
Business, civic, and political leaders in St. Louis are coming together to raise $100 million in private funds over the next five years to support the Regional Entrepreneurial Initiative, a new effort aimed at helping emerging regional businesses grow and thrive. The project was launched with funding from the federal government and will draw on several ongoing fundraising initiatives in the community.
State economies appear to be re-energizing after several years of slow recovery from recession, according to the Spring 2013 Fiscal Survey of States by the National Association of State Budget Officers (NASBO) and the National Governors Association (NGA). As a result, state government revenues also are improving with 42 governors recommending higher spending levels in FY14. Total FY13 spending, however, remains below the pre-recession 2008 peak, and much of the increased spending will be dedicated to areas where spending was reduced over the past five years.
The Manufacturing Institute, in partnership with the National Science Foundation, has released an inaugural roster for the “M-List,” which includes academic institutions training workers up to industry standards in advanced manufacturing. M-List schools have designed their curriculums to compliment industry standards and provide their students with credentials through the NAM-Endorsed Manufacturing Skills Certification System.
Two projects, one in the United Kingdom and another in Africa, are working to improve the information economy, university training and research in their respective regions. A new United Kingdom strategy includes a partnership between the national government, industry, and academia in support of the information technology sector. In Africa, the World Bank will engage in an international effort to promote education and research, supporting regional economic development across the continent.
In 2010, almost one-quarter of every dollar spent on R&D by U.S. businesses was spent in the state of California, according to data from the National Science Foundation. Together, the top seven states for business R&D spending (California, New Jersey, Texas, Massachusetts, Washington, Illinois and Michigan) were host to almost 53 percent of private research investment.
SSTI Online Events: Every Third Thursday at 3:00 PM ET
Major research universities are an invaluable asset in building thriving high-tech regions, but institutions of all sizes can play a key role in local innovation economies. Our July webinar will feature two successful regional networks connecting smaller colleges and universities to maximize their contribution to the high-tech economy. These networks are promoting inter-institutional collaboration, while also providing entrepreneurs with easy access to research services and commercializable technologies.
In an effort to help spur economic prosperity, several universities recently have unveiled new initiatives to connect potential entrepreneurs with university resources and help integrate the entrepreneurs into their region’s innovation ecosystem. The Blackstone Charitable Foundation also announced it will expand LaunchPad, a university-led entrepreneurship program, to a partnership that includes three universities in Southern California.
Gov. Bill Haslam is the latest governor to unveil a broad-based proposal to grow the state's economy and create jobs through investments in S&T by asking lawmakers to dedicate $10 million for a research consortium that would recruit senior scientists to advance scientific discoveries into commercial applications and spur high-growth companies.
Gov. Tom Corbett's budget proposal for the upcoming fiscal year funds many of Pennsylvania's longstanding efforts to grow a technology-based economy, but at a reduced level. At the same time, the governor outlined new initiatives and investments centered on a restructured Department of Community and Economic Development (DCED) that he says will eliminate duplicative programs and better position the state to attract businesses for job creation.
Nevada legislators recently approved $10 million in funding for the state's Knowledge Fund, a technology development and commercialization support program first introduced in 2011.
Since 2011, three states (Kansas, Georgia and North Carolina) have enacted securities exemptions that allow their state's entrepreneurs and small businesses to raise up to $1 million dollars via the sale of securities to residents of the state — Washington lawmakers introduced similar legis
Rice University's Rice Alliance for Technology and Entrepreneurship has been named the top university business incubator in the world by the University Business Incubator (UBI) Index based in Sweden. The group reviewed 550 university business incubators and studied 150 incubators to determine the top incubators in the world based on their value for the ecosystem, their value for clients, and their attraction rate and past performance. Other U.S.
While policymakers often tout workers in the field of science, technology, engineering and mathematics (STEM) as a critical element of U.S. competitiveness in the global economy, the Brookings Metropolitan Policy Program claims that a narrow definition of STEM occupations neglects vital employees in these technical fields.
A new series of briefs from the National Institute of Standards and Technology lays out the argument for federal, state and local intervention in the high-tech economy. Authors Gary Anderson and Gregory Tassey suggest that U.S. economic policy places too much emphasis on macrostabilization efforts at the expense of policies targeted to promote technology development and entrepreneurship. They make the argument that one effective approach to federal intervention is through the support of research consortia and regional cluster development programs.