Equity investors rolled through Q2 uncertainty
Amid a public market slowdown, inflation concerns and tightening monetary environment, the PitchBook-NVCA Venture Monitor Q2 2022 indicates that most investors continued their COVID-era levels of activity through the second quarter of the year.
Nine additional SSBCI state plans approved
The U.S. Department of the Treasury announced nine additional states whose SSBCI plans have been approved: Arizona, Connecticut, Indiana, Maine, New Hampshire, Pennsylvania, South Carolina, South Dakota, and Vermont. This is in addition to the five states approved earlier this year: Hawaii, Kansas, Maryland, Michigan and West Virginia.
Public perceptions of science & technology and higher education explored in recent reports
Two recent studies explored public perceptions of science and technology and higher education in the United States. The first study from the NSF National Science Board explores public perceptions and awareness of science and technology among American adults, and a separate report from New America analyzes attitudes on higher education, with a particular interest in the transition to online instruction in response to the COVID-19 pandemic.
‘Some College, No Credentials’ population rises to 39 million, report finds
The National Student Clearinghouse Research Center recently released the third report in its Some College, No Credentials (SCNC) series investigating the educational trajectory of U.S. adults who have left postsecondary education without receiving any credentials. This report addresses concerns about low student success rates across the nation and intends to identify opportunities where SCNC students can be encouraged to continue postsecondary programs and earn credentials.
First five states approved for SSBCI funds
The U.S. Department of the Treasury announced today that five states — Hawaii, Kansas, Maryland, Michigan and West Virginia — have had their State Small Business Credit Initiative (SSBCI) capital programs approved by the agency.
Massachusetts governor proposes $3.5B economic development package, including $750M for clean energy
Massachusetts Gov. Charlie Baker and Lt. Gov.
Massachusetts Gov. Charlie Baker and Lt. Gov. Karyn Polito are urging Massachusetts legislators to act on their proposed legislation that includes $3.5 billion in clean energy and economic development initiatives. The bill includes $2.3 billion in funding from the federal American Rescue Plan Act (ARPA) and over $1.256 billion in capital bond authorizations to support projects to strengthen state infrastructure, create jobs and invest in all 351 cities and towns in the state. The legislation, called An Act Investing in Future Opportunities for Resiliency, Workforce, and Revitalized Downtowns (FORWARD), includes $1.2 billion in ARPA funds for climate resiliency and preservation efforts, with more than half of that designated for the commonwealth’s clean energy industry.
Useful Stats: Science & engineering graduate students and postdoctorates by state, 2016-2020
After declines in 2016 and 2017, the number of graduate students and postdoctoral appointees at the nation’s institutions of higher education increased nationally from 2018 to 2020, according to National Science Foundation (NSF) data from its Graduate Students and Postdoctorates in Science and Engineering (GSS) survey. However, this SSTI analysis shows considerable variation among the states over the five-year period from 2016 to 2020.
After declines in 2016 and 2017, the number of graduate students and postdoctoral appointees at the nation’s institutions of higher education increased nationally from 2018 to 2020, according to National Science Foundation (NSF) data from its Graduate Students and Postdoctorates in Science and Engineering (GSS) survey. However, this SSTI analysis shows considerable variation among the states over the five-year period from 2016 to 2020. Evaluating long-term trends in S&E graduate students and postdocs can help policymakers and program designers identify potential issues, enabling the development of more effective policies and programs.
The Great Resignation warrants further explanation
In November 2021, the seasonally adjusted quit rate reached a record of 3.0 percent, a significant increase from the previous highest rate of 2.4 percent.
In November 2021, the seasonally adjusted quit rate reached a record of 3.0 percent, a significant increase from the previous highest rate of 2.4 percent. This phenomenon of rising quit rates is currently referred to as the “Great Resignation.” Investigating the existing data on labor turnover, the historical quit rate data, and the reasons for the rise of quit rates in 2021 are the focus of a recent article from the U.S. Bureau of Labor Statistics Monthly Labor Review.
Pitch to secure ARPA-H headquarters location begins
With a $1 billion investment over the next three years, Advanced Research Projects Agency for Health (ARPA-H) will be a standalone agency within the National Institutes of Health (NIH) and is designed to produce quicker research outcomes.
New York State legislation would curb new crypto mining operations; bills await governor’s action
Since the inception of cryptocurrency mining over a decade ago, the state of New York has become a hotspot for the digital coins, encompassing 19.9 percent of the total U.S. hashrate, or the collective computing power of miners. However, concerns over the environmental impacts of, and high electricity demands for, these mining operations have been increasingly thrust into the spotlight.
TBED-related projects benefit from congressional earmarks’ return
With the return of congressionally-directed spending — more commonly known as “earmarks” — for the FY 2022 budget, nearly 5,000 projects received more than $9.6 billion in such funding. The return of the earmarks followed a 10-year absence after the practice was banned in 2011. SSTI’s review of the spending data, which was collected by the Bipartisan Policy Center (BPC) from the congressional appropriations committees, showed that projects related to technology-based economic development (TBED) were included in the funding.
2020 BERD data shows an increase of over $45 billion in domestic R&D spending
Despite COVID-induced setbacks continuing to keep some people out of offices and laboratories, new Business Enterprise Research and Development Survey (BERD) data reveals that domestic research and development (R&D) spending, although slowing, is still on an uptrend.
Higher Education enrollment continues to decline; admissions officers reveal concerns over early numbers
Higher education enrollment dropped 1.1% between fall 2021 and 2022, a slight reprieve from historic COVID-induced drop-offs, as revealed by new preliminary data from the National Student Clearinghouse. Since fall 2020, enrollment has decreased by a combined 3.2% for graduate and undergraduate enrollment, representing a drop of approximately 1.5 million students since the onset of the COVID-19 pandemic.
Would an increase in the quantity of NIH SBIR awards impact their overall quality?
In a recent study titled Does NIH select the right healthcare ventures through the SBIR grant program?, researchers from Rutgers University and the University of Connecticut took advantage of the 2009 American Recovery and Reinvestment Act (ARRA) to conduct a natural experiment.
In a recent study titled Does NIH select the right healthcare ventures through the SBIR grant program?, researchers from Rutgers University and the University of Connecticut took advantage of the 2009 American Recovery and Reinvestment Act (ARRA) to conduct a natural experiment. The opportunity was available due to the National Institutes of Health (NIH) decision to use ARRA dollars to fund additional Phase I SBIR awards from general SBIR competitions, and the researchers compared these 19 ARRA-funded awards to the other 479 Phase I awards that were first funded in the same competitions with regular appropriations.
NSF announces new $30M program to grow the nation’s STEM workforce
The National Science Foundation (NSF) recently announced a new initiative — the Experiential Learning for Emerging and Novel Technologies (ExLENT) initiative and seeks proposals to address barriers in the STEM workforce by encouraging partnerships among industry, educational, and government organizations.
Election 2022: Gubernatorial campaigns reveal positions on innovation initiatives
Thirty-six states are holding gubernatorial elections this November, with voters in eight of those states (Arizona, Arkansas, Hawaii, Maryland, Massachusetts, Nebraska, Pennsylvania, and Oregon), choosing a new governor to replace a term-limited incumbent. In two states, Connecticut and Georgia, the incumbent is facing a re-match with their 2018 opponent, while in Alaska and Maine, the incumbent is being challenged by his/her predecessor, whom they defeated in 2018. Florida Gov. Ron De Santis is being challenged by former Gov.
ARC POWER Initiative awards $47 million to diversify Appalachian economies
The Appalachian Regional Commission (ARC) recently announced its largest POWER (Partnerships for Opportunity and Workforce and Economic Revitalization) Initiative funding package. This funding package awards nearly $47 million to 52 projects in 181 counties to support economic diversification and mitigate job losses from coal-related industries in Appalachian communities.
$2.8B announced for manufacturing EV batteries and grid
In a move to strengthen the domestic manufacturing of batteries for electric vehicles (EVs), the U.S. Department of Energy (DOE), announced $2.8 billion for 20 companies in 12 states to extract and process battery materials and manufacture components while creating good-paying jobs.
NSF Engines program revises deadline, directions for Type-2 proposals
The U.S. National Science Foundation’s Regional Innovation Engines (NSF Engines) program has revised the Broad Agency Announcement (BAA) for Type-2 NSF Engines program proposals, moving the deadline up to Jan. 18, 2023, among other changes, which are detailed in the revised BAA and key related resource documents that were published on Oct. 17, 2022.
Positive trends in deal counts, fundraising, according to new VC report
Between federal interest rates over 3% and post-pandemic economic impacts that affect macroeconomic trends, many have predicted a continued decline in venture capital outcomes, only some of which has held true through Q3.
NIST solicits information to improve CHIPS and semiconductor industry
The National Institute of Standards of Technology (NIST) is seeking public input through Requests for Information (RFIs) for two programs under the CHIPS Act. Under Secretary of Commerce for Standards and Technology and NIST Director Laurie E.
Tech industry is booming, but women’s participation continues to lag
In another illustration of how women’s participation in the tech industry continues to lag, SmartAsset recently released its annual report looking at Best Cities for Women in Tech. The report finds country-wide, the percentage of women in STEM is growing, but that growth is occurring at a dwindling rate, and that women make up only about 20% of the field’s total workforce.
Inaugural Open-Source Ecosystems awards announced on eve of next competition deadline
On the closing days of the previous federal fiscal year and with an Oct. 21 deadline looming for new proposals, the National Science Foundation announced the first 24 awards for a new program to support “Pathways to Enable Open-Source Ecosystems” (OSE). NSF’s goal is to exploit the advantages of using open-source development to find technological solutions to problems of national and societal importance.
New DOE efforts promote equitability and inclusion in science research
The Department of Energy’s Office of Science recently announced new requirements for all research proposal applications. Applicants must submit a plan for Promoting Inclusive and Equitable Research — or PIER Plan — with their research proposal during the solicitation process. The PIER Plans will be required beginning in FY 2023 and will require investigators to describe strategies to promote diversity, equity, inclusion, and accessibility in all research projects.
Vision for US leadership in advanced manufacturing released
Creating a vison for United States leadership in advanced manufacturing, the National Science and Technology Council has released a strategy to grow the economy, create jobs, enhance environmental sustainability, address climate change, strengthen supply chains, ensure national security, and improve healthcare for the next four years.