Startup Colorado Launches $200K Fund to Support Entrepreneurship Events
Startup Colorado recently announced the launch of a new $200,000 fund to support events that strengthen the entrepreneurial communities across Colorado. The organization will issue grants to Colorado organizations planning events, seminars and contests that bring together startup communities, particularly those in the Denver-Boulder region, Colorado Springs and Fort Collins, according to the Denver Business Journal.
CA Universities Increase Online Learning Opportunities; Controversial Bill Held for 2014
With additional funding directed to higher education as part of the FY14 budget, the California State University (CSU) and University of California (UC) systems announced efforts to boost access to online courses for current full-time students this fall. The goal is to overcome space shortages in classrooms and help graduate more students on time.
NIH Launches $96M Initiative for Big Data Centers of Excellence
The National Institutes of Health (NIH) has launched a new initiative to fund the exploration of using Big Data to improve national health care outcomes. NIH will provide $24 million per year for four years to establish six to eight Big Data Centers of Excellence. The centers will be used by researchers and students for training in data science and testing the use of large and complex datasets to create tools, methods, and software that can improve health care processes.
Federal Government Transfers By State, 2011
Politics often gets entangled in economic development policy, occasionally around the incendiary argument around who are the “makers” and who are the “takers.” The Bureau of Economic Analysis (BEA) provides data on the amount of government transfers to households including those related to Social Security, Medicare, Medicaid, income maintenance programs and unemployment insurance.
Highlighting Women in Tech Could Help Diversify S&T Workforce, According to Study
Lack of female role models is a key deterrant for women cosnidering entry in S&T fields, according to a recent study. Sociology professor Dr. Catherine Riegle-Crumb of the Population Research Center at the University of Texas investigated why there are comparatively few women compared to men in technology and other STEM fields.
NASBO Recommends Better Budgeting Practices for States
Knowing when to implement budget cuts or reserve measures and how to reduce expenditures while minimizing service disruption are valuable best practices that can be shared as a result of the recession’s impact to state fiscal conditions. These messages are among several recommendations from the National Association of State Budget Officers (NASBO) outlined in a new report. Modifying the timing of temporary tax increases is one such example.
States Focus on Building Blocks of their Economies to Jumpstart Growth
Whether in creating new businesses, developing a skilled workforce, or building stronger connections between universities and regional economies, governors and lawmakers have taken a “grow your own” approach to economic recovery over the past two years, finds a report from the National Governors Association (NGA). The report identifies six trends that have emerged during this time, including states emphasizing job creation from within, strengthening support for advanced manufacturing, and creating partnerships to meet industry’s demand for talent.
NSF Report Shows National Inequality of High-Knowledge Workers
A new report by the National Science Foundation (NSF) portrays science and engineering employment in the United States as highly concentrated in a small number of states and metro areas. Most states reflected a lower S&E employment intensity than the United States as a whole. As noted in the report, the availability of a skilled workforce is an important predictor of a region’s population, productivity, and technological growth.
Universities Turn Focus on Entrepreneurship to Boost Regional Economies
Recognizing startup businesses as a powerful force in building stronger local economies, a number of universities across the country have announced significant expansions in their entrepreneurship offerings over the last few weeks. Universities in Missouri and Virginia have announced new and expanded entrepreneurship programs for students, while a nationwide network of top business schools, including Babson College, Stanford University and the University of California, San Francisco, plans to launch an online entrepreneurship program that can be licensed to other schools. The U.S.
Universities in MN, WA Post Impressive Gains in Spinoffs
A recent report by the Association of University Technology Managers (AUTM) dubbed American universities the “unsung heroes in the economic recovery.” Through licensing and startup activity, universities and other groups earned more than $2.6 billion total income from royalties and other sources in FY12 alone, according to the report highlights.
MI joins NY, TN in Taking a Regional Approach to Economic Development
Recently, Michigan Gov. Rick Snyder announced a statewide Regional Prosperity Initiative — a voluntary, competitive grant process for existing state-designated planning regions and metropolitan planning organizations. The plan will divide the state into 10 zones with the intent of empowering local and regional partners to develop a consensus vision and implementation plan for economic success.
State Biotech Incentives Attract Jobs, But Do Less for Established Firms
States incentives for biotech research have proven to be an effective tool to attract star scientists, innovative firms and high-quality jobs, according to a recent academic article. Enrico Moretti and Daniel J. Wilson examined the performance of state biotech incentives in 11 states and found that these policies demonstrate an impressive ability to draw in firms and researchers from other states and create related jobs in construction and retail.
Global Clinton Initiative Announces Pilot Manufacturing Supply Chain Network, Reports look at U.S. Manufacturing
The Global Clinton Initiative (GCI) and five partner organizations announced a regional pilot program that will create a manufacturing supply chain network to support small- and midsized-manufacturers in the Hudson Valley region of New York. The goal of the pilot program is to create a scalable model that will ultimately provide a framework for a nationwide supply chain network and grow the country’s manufacturing base.
Cities Fight to Address Lingering Digital Divide
A new report from the Pew Internet and American Life Project cites that 20 percent of Americans do not have broadband access, while an additional 10 percent of Americans have broadband access via smartphones. The report suggests that age, educational attainment, and household income continue to be the defining factors for home broadband adoption.
New APRA-E Program Awards $36M for Electric Vehicle Development
Electric vehicles may be gaining momentum.
NASA Transition Continues to Spur University, Industry Partnerships
The winding down of the space shuttle program in Florida’s Space Coast by the Obama administration in 2010 spurred a transition in NASA’s areas of focus, including an increased emphasis on commercializing technologies and industry partnerships. NASA recently announced several new initiatives with tech firms, universities, and state agencies geared toward investing in cutting-edge research and technology and developing an educated workforce.
SUNY Acquisition Demonstrates Prominent Role of Research Centers in Innovation Economy
Well-designed research centers can help bring an innovation ecosystem together through the spillover effects of knowledge dissemination, student learning experiences, local early access to new technologies, and by attracting R&D funding. In New York, Gov. Andrew Cuomo recently announced a $30 million initiative led by SUNY’s College of Nanoscale Science and Engineering (CNSE) to transform and revitalize a vacant building into a hub for smart cities technology companies, research, education and workforce training.
Are Metros the Saving Grace for the National Economy?
America is moving back to its cities. A majority of people on this planet live in metropolitan areas with one million people moving to cities and metros every five days. In the U.S., the nation’s top 100 metropolitan areas account for two-thirds of the nation’s population and generate 75 percent of national GDP. This is more than a trend, according to Bruce Katz and Jennifer Bradley of the Brookings Institution … this is a revolution.
New Initiative Trains Engineers as Entrepreneurs to Support Regional Innovation
The Stanford Technology Ventures Program has launched a new program for Ph.D. students that provides training in entrepreneurship and innovation. But unlike other entrepreneurship programs the Accel Innovation Scholars Program takes a holistic approach, training students to prepare for roles that support regional innovation ecosystems.
Foundations Commit Funding for Entrepreneurial Development Programs at Nonprofits, Universities
Foundations increasingly are tapping into the unique skills of institutions of higher education by partnering with them to support entrepreneurial growth within their surrounding communities. These foundations view institutions of higher education as the ideal partners to provide education and business services necessary for entrepreneurs to reach their potential. Several foundations recently have announced funding to support entrepreneurship development activities at universities including the Ratcliffe Foundation and the Allstate Foundation.
Helping Small- and Mid-Sized Manufacturers Reach Their Export Potential
The Great Recession forced a number of U.S. manufacturers and service providers to look outside national borders to not only succeed, but to survive in the face of a weak domestic market. In their latest report, On the Threshold: Refocusing U.S. Export Assistance Strategy for Manufacturers, Stone & Associates argues that the U.S. must focus on bolstering manufacturing exports as a way to lessen U.S. reliance on its domestic market, reduce the trade deficit, and foster job creation.
CA Legislature Approves Expansion of iHub Program
New legislation passed by the California legislature would expand the state’s Innovation Hub (iHub) program, which supports commercialization and entrepreneurship at a regional level. The program initially was launched in March 2010 through the state’s Business, Transportation and Housing Agency.
Branding Innovation Takes off in Cities, States
Typically, marketing efforts for cities and states encompass the promotion of a variety of desirable qualities to attract businesses and creative talent. Lately, it seems the title of Chief Innovation Officer has picked up steam in localities and across states as leaders seek to brand their region as “the” place for innovation. Take Colorado, for example, where last week Gov.
U.S. Reverses Four-Year Downward Trend in Competitiveness
While the conditions of the U.S. economy continue to hinder growth, stability and efficiency in the financial markets and a positive assessment of public institutions have helped improve the nation’s competitiveness and reverse a four-year downward trend. In World Economic Forum’s Global Competitiveness Index 2013-14, the U.S. moved into the number five spot, up from seventh last year, overtaking the Netherlands and Sweden. For the second year in a row, Switzerland, Singapore and Finland held onto their first, second and third rankings, respectively.
Is Technology Innovation a Job Creator or Job Killer?
This week, the Information Technology & Innovation Foundation (ITIF) hosted a debate between ITIF’s President Robert Atkinson and Andrew McAfee, principal research scientist at the Center for Digital Business in the MIT Sloan School of Management and co-author of Race Against the Machine. The lively debate revolved around the impact of technology innovation on the U.S.