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Weak Innovation Policy Environment Hampers U.S. Competitiveness, Finds ITIF

Thursday, July 10, 2014

In recent decades as many countries have developed sophisticated national innovation strategies, the U.S. has generally avoided attempts to introduce a coordinated innovation policy system. Instead, U.S. leaders have placed their trust in the market, rather than the government, to generate knowledge, products and businesses. A new report from the Information Technology and Innovation Foundation (ITIF) suggests that this approach ignores a major factor in the success of innovation economies.

  • Read more about Weak Innovation Policy Environment Hampers U.S. Competitiveness, Finds ITIF

DOE Awards $3.2M to Launch National Clean Energy Incubator Network

Thursday, July 10, 2014

The Department of Energy (DOE) has announced the launch of the National Incubator Initiative for Clean Energy (NIICE).  NIICE will serve a national support network for the nation’s clean energy startup community and the incubators that support them. The network will provide technical assistance and training services to help clean energy startups move their products closer to market readiness.

  • Read more about DOE Awards $3.2M to Launch National Clean Energy Incubator Network

Lawmakers Tackle Workforce, STEM and Higher Ed Policy

Thursday, June 26, 2014

Addressing accessibility, affordability and ensuring workforce preparedness topped legislators’ agendas in many states during the 2014 sessions. States and regions are increasingly competing for talent as the trend toward growing and nurturing innovation ecosystems continues.

  • Read more about Lawmakers Tackle Workforce, STEM and Higher Ed Policy

States Shift Priorities Toward Long-Term Research Capacity Building

Thursday, June 26, 2014

With an eye toward long-term payoffs associated with investments in research, lawmakers dedicated funds and strengthened ties with industry partners. Some states made significant investments in facilities and R&D to grow cancer research capabilities, while others looked to universities to establish new avenues for discovery or attract star researchers. In Washington, the life sciences community banded together to save a nine year-old grant fund that invests in R&D and helps the state remain competitive.

  • Read more about States Shift Priorities Toward Long-Term Research Capacity Building

Crowdfunding Exemptions, Tax Credits Among Capital Programs Passed by State Policymakers

Thursday, June 26, 2014

Several states announced new or expansions to existing capital programs during the 2014 legislative session. The proposals targeted increasing the availability of venture/risk capital for job creation and establishing or expanding angel tax credits to spur investment in targeted sectors. Nebraska lawmakers allocated $50,000 to support and increase venture capital in the state. In Minnesota, Gov. Mark Dayton extended the state’s Angel Tax credit for two more years and added additional funds.

To continue the growing trend of intrastate crowdfunding, six states passed exemptions including Alabama, Indiana, Maine, Maryland, Tennessee, and Washington.

  • Read more about Crowdfunding Exemptions, Tax Credits Among Capital Programs Passed by State Policymakers

As Federal Legislation Stalls, States Pass Bills to Curb Patent Trolling

Thursday, June 26, 2014

While the promise of federal legislative reform for 2014 dims, as many as 21 states may have patent troll laws on the books before the end of the year. Although most of the power to curb patent trolling is held by the federal government, these state laws provide mechanisms to allow for action to be taken against any person that makes a bad faith assertion of patent infringement and other abusive patent litigations.

  • Read more about As Federal Legislation Stalls, States Pass Bills to Curb Patent Trolling

Manufacturing Resurgence Attracts Attention of State Legislatures

Thursday, June 26, 2014

The recent uptick in U.S. manufacturing activity, along with the attention generated by additive manufacturing and the Makers movement, has led to an increase in state initiatives to help cash in on this growth. In recent months, New York, Connecticut, Maryland, and Arizona have all taken steps to build stronger manufacturing sectors through research collaborations, grants and tax credits. Leaders in Colorado and New Jersey have pursued their own cluster-specific efforts to build stronger high-tech industries.

  • Read more about Manufacturing Resurgence Attracts Attention of State Legislatures

Lab Space, Commercialization Support Backed by State Governments

Thursday, June 26, 2014

State legislators in many parts of the country took action this year to fund the construction of research infrastructure and provide financial support for commercialization. In Kansas, New York, Georgia, Maine and Wyoming, legislators funded the construction of laboratories and other innovative spaces at public universities to boost the high-tech economy. In Colorado, Maryland and a number of universities, new initiatives were rolled out to support public-private research collaborations and the commercialization of cutting-edge technology.

  • Read more about Lab Space, Commercialization Support Backed by State Governments

Mixed Bag for Michigan Talent Initiatives in FY15 Budget

Monday, June 23, 2014

Lawmakers approved funding for a bond program that dedicates $50 million for re-tooling community colleges with the latest equipment, but failed to pass a larger proposal that would allow universities to compete for $100 million in bond funds for capital improvements to enhance engineering programs. The budget also includes $2 million to establish a new fund for global marketing of Michigan’s automotive sector and support of public-private collaborations with the auto industry.

  • Read more about Mixed Bag for Michigan Talent Initiatives in FY15 Budget

Crowdfunding: Gender and the Democratization of Small Business Finance

Thursday, June 19, 2014

Crowdfunding is touted by its proponents as a model that can democratize and neutralize gender bias in the existing small business investment community, for both female investors and entrepreneurs. Crowdfunding proponents point toward the disproportionate number of middle-aged men who are angel investors or work in the venture capital industry. Two recent academic research studies have found that reward-based crowdfunding in the U.S. and peer-to-peer (P2P) lending in Germany and the United States appear to be opening up opportunities for female entrepreneurs and investors.

  • Read more about Crowdfunding: Gender and the Democratization of Small Business Finance

Commerce Calls for New Members on Innovation and Entrepreneurship Council

Thursday, June 19, 2014

Department of Commerce Secretary Penny Pritzker announced this week that the department would be accepting applications for new members to serve on the National Advisory Council on Innovation and Entrepreneurship (NACIE). The council advises the secretary on issues related to innovation, entrepreneurship and job skills training.  The secretary uses the council as a vehicle to facilitate dialogue between the agency and the innovation community. Members will be drawn from a mix of geographic locations, as well as from the private, government, academic and nonprofit sectors.

  • Read more about Commerce Calls for New Members on Innovation and Entrepreneurship Council

White House Enlists Makers, Cities to Spur National Manufacturing Economy

Thursday, June 19, 2014

This week, the White House hosted its first Maker Faire where President Obama announced a number of new public-private collaborative efforts to spur U.S. manufacturing entrepreneurship. In order to capitalize on the recent spike in manufacturing entrepreneurship, the administration is enlisting more than 90 mayors and local leaders to make new spaces available for manufacturing and prototyping.

  • Read more about White House Enlists Makers, Cities to Spur National Manufacturing Economy

TBED People On The Move

Thursday, June 19, 2014

Spencer Eccles, executive director of the Utah Governor's Office of Economic Development, is departing state government to form a private investment company.

Travis Sheridan, currently the assistant vice president for innovation and entrepreneurship for the St. Louis Economic Development Partnership, will become the new executive director of the Venture Café Foundation.

  • Read more about TBED People On The Move

NSF-NIH Pilot to Offer Boot Camp for Biomedical Innovators

Wednesday, June 18, 2014

A pilot collaboration between the National Science Foundation (NSF) Innovation Corps (I-Corps™) and the National Institutes of Health (NIH) will offer a nine-week boot camp to help biomedical researchers bring their discoveries to market. Academic researchers and entrepreneurs who have received SBIR/STTR Phase One awards from participating NIH institutes may apply to the I-Corps at NIH™ for training in building scalable business models around their technologies.

  • Read more about NSF-NIH Pilot to Offer Boot Camp for Biomedical Innovators

Manufacturing Back on the Rise, According to Commerce Department

Thursday, June 12, 2014

Between December 2007 and February 2010, the manufacturing sector loss 2.3 million jobs, according to the Department of Commerce. This drastic decline accounted for about one-quarter of the negative shock experienced during those 26 months and the loss in manufacturing represented one-half the decline in U.S. GDP. In the aftermath of this decline, both public and private sector leaders began to search desperately for ways to stop the bleeding. A new Commerce report, Manufacturing Since the Great Recession, indicates that we may have found some success in halting the hemorrhage.

  • Read more about Manufacturing Back on the Rise, According to Commerce Department

EDA Launches Online Tool to Examine Regional Economic Clusters

Thursday, June 12, 2014

The U.S. Economic Development Administration and Harvard Business School have unveiled a new website that provides easy-to-navigate, granular data on U.S. economic clusters. The project aims to strengthen regional and national competitiveness by providing up-to-date, high-quality data on the economic performance of regions across the U.S. Users can browse a cluster dashboard, which maps out the strength of specific industries by region, or receive in-depth economic data on a particular region.

  • Read more about EDA Launches Online Tool to Examine Regional Economic Clusters

Study Examines the Impact of Policy Dynamics on University Innovation in Three Southern States

Thursday, June 12, 2014

In a recent comparative study of state S&T policy dynamics in Georgia, Missouri and Texas, authors Jarrett Warshaw and James Hearn examine the nature of state efforts intended to bring together government, universities and industry to support innovation at publically funded universities and spur economic development.

  • Read more about Study Examines the Impact of Policy Dynamics on University Innovation in Three Southern States

Brookings Examines Emerging Model of Metro Innovation Districts

Thursday, June 12, 2014

A growing number of metropolitan areas are incorporating urban density and connectedness into their innovation strategies by fostering innovation districts devoted to research commercialization, entrepreneurship and housing for highly skilled workers, according to a new report from the Brookings Institution.  The districts combine the concentrated research activities of science parks with the accessibility and economic ties of city neighborhoods.

  • Read more about Brookings Examines Emerging Model of Metro Innovation Districts

Missouri Technology Corp to Administer New Grants, Gets $5M Boost for Core Programs

Thursday, June 12, 2014

With nearly $10 million in additional funding for the upcoming year, the public-private Missouri Technology Corporation (MTC) will receive a boost in support for core programs and new resources to administer early stage business grants. MTC invests in emerging high-tech companies with a focus on bioscience industries.

  • Read more about Missouri Technology Corp to Administer New Grants, Gets $5M Boost for Core Programs

MA Continues to Lead U.S. in Progress Toward ‘New Economy,’ According to ITIF

Wednesday, June 11, 2014

Massachusetts continues to reign as the U.S. state best prepared to meet the challenges of the current and future global economy, according to the sixth edition of the Information Technology and Innovation Foundation’s (ITIF) State New Economy Index.

  • Read more about MA Continues to Lead U.S. in Progress Toward ‘New Economy,’ According to ITIF

New SBA Leader on Entrepreneurial Equality and Making Small Business ‘A Big Deal’

Wednesday, June 11, 2014

Tasked with taking the Small Business Administration (SBA) to the next level, Maria Contreras Sweet, the new head of the agency, envisions a modern SBA with a greater focus on inclusion. Contreras Sweet outlined steps to achieve her vision earlier this week in a speech at the Center for American Progress.

  • Read more about New SBA Leader on Entrepreneurial Equality and Making Small Business ‘A Big Deal’

NIH Recommends $4.5B Over 10 Years for BRAIN Initiative

Thursday, June 5, 2014

National Institute of Health (NIH) Director Francis S. Collins has accepted recommendations from an NIH working group that call for increased investment in the federal government’s effort to map and understand the human brain. Under the recommended plan, the initiative would receive $400 million each year between 2016-20, which would grow to $500 million a year for 2021-25. The BRAIN Initiative is a multi-agency effort, supported by NIH, Defense Advanced Research Projects Agency of the U.S. Department of Defense, National Science Foundation and Food and Drug Administration.

  • Read more about NIH Recommends $4.5B Over 10 Years for BRAIN Initiative

Study Examines the Impact of National Polices on University Innovation

Thursday, June 5, 2014

In recent years, national polices supporting university-led innovation have shifted from the linear, science-push model to a model that supports an interactive, reciprocal process of knowledge transfer between industry and university through research parks, university-industry research projects, etc. As these new national polices mature, academic researchers are starting to examine the effectiveness of university-focused policies on spurring innovation and their impact on economic development. A recently released study examines the effectiveness national polices in leading Organization for Economic Co-operation and Development countries in spurring university-led innovation and the impact of these policies on social and economic development.

  • Read more about Study Examines the Impact of National Polices on University Innovation

U.S. Companies Report Water Issues Impact Site Selection, Strategic Planning

Thursday, June 5, 2014

In a recent Pacific Institute and Vox Global survey, about 80 percent of U.S. companies reported that water availability has become an issue for their business, particularly among firms in the South and Southwestern regions of the country. About 63 percent said water issues would affect their future location decisions, and more than half reported that they expected water scarcity to impact their growth and profitability over the next five years.

  • Read more about U.S. Companies Report Water Issues Impact Site Selection, Strategic Planning

12 Awards Up for Grabs in NASA Competition for Early Stage Technology Proposals

Thursday, June 5, 2014

NASA is looking to U.S. universities to explore transformative space technologies and help the agency advance its plans for exploration to deep space and Mars. The agency will make up to 12 awards totaling $500,000 each this fall with R&D efforts taking place over two to three years. Notices of intent to submit proposals are due June 24.

  • Read more about 12 Awards Up for Grabs in NASA Competition for Early Stage Technology Proposals

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Wednesday, February 25, 2026

It has been five long, dark months for the nation’s small innovation-focused businesses and the regional innovation systems that rely on them for their strongest startups and future leaders, but a ray of light appeared Wednesday afternoon as a compromise was announced on the stalled reauthorization of the federal SBIR/STTR programs. And, if passed as written, we won’t have to go through this again until September 2031, which shifts future debate until an off-election year.

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