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New resource: SSTI breaks down B2S program's Venture and Capital Challenges

Thursday, June 22, 2023

In a recent installment of SSTI’s federal funding video series, SSTI program director Jerry Coughter conducted a two-part interview with Amanda Kosty, management and program analyst with the Economic Development Administration’s Office of Innovation and Entrepreneurship.

In a recent installment of SSTI’s federal funding video series, SSTI program director Jerry Coughter conducted a two-part interview with Amanda Kosty, management and program analyst with the Economic Development Administration’s Office of Innovation and Entrepreneurship. Their discussion focused on the Build to Scale (B2S) program’s two competition tracks: the Venture Challenge and the Capital Challenge. These interviews offer a comprehensive overview of each funding track and its alignment with technology-based economic development (TBED) strategies. They also provide valuable advice on crafting competitive applications, emphasizing understanding and directly addressing the specific challenges your community faces as part of your proposal.

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EDA awards $27.9M for eight Communities of Practice to bolster economic development, including two SSTI are involved in

Thursday, March 30, 2023

This week the Economic Development Administration (EDA) announced it had completed awarding $27.9 million in cooperative agreements to establish eight economic development Communities of Practice, including the Technology-Based Economic Development (TBED) Community of Practice led by SSTI to help build the capacity and disseminate effective technology-based economic development practices across the innovation industry

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SSTI receives EDA award to launch Tech-based Economic Development Community of Practice focused on EDA grantees

Thursday, October 13, 2022

SSTI is pleased to announce a new project with the Economic Development Administration (EDA) to build a Community of Practice focused on EDA’s important technology-based economic development (TBED) investment priority area. This new partnership will help regions across the entire country become more resilient, more equitable, and more competitive in the global innovation-centered economy.

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SSTI hosting EDA to discuss CARES funding – including forthcoming innovation opportunity

Thursday, May 28, 2020

Join us for a special SSTI webinar on June 9th, when U.S. Economic Development Administration representatives will share information regarding $1.5 billion in economic development grants available for coronavirus response and recovery efforts at the local, state and regional levels. The EDA team also will discuss the pending innovation and entrepreneurship challenge component of the funding. Join us to learn more about qualifying for grants, which types of project support/assistance will be funded, how to apply, and more. There will be time for Q&A at the end of the presentation.

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EDA Releases FFO for $15M Regional Innovation Strategies Program

Wednesday, April 27, 2016

The Economic Development Administration (EDA) released the Federal Funding Opportunity (FFO) and began accepting applications for the 2016 round of Regional Innovation Strategies (RIS) Program funding. In this round of funding, the EDA has made $15 million in federal funding available to create and expand cluster-focused proof-of-concept and commercialization programs and early stage seed capital funds through the i6 Challenge and the Seed Fund Support (SFS) Grant competition, respectively. Managed by EDA’s Office of Innovation and Entrepreneurship (OIE), EDA has made $13 million available for i6 Challenge grants and $2 million available for SFS grants. The deadline for the 2016 RIS FFO is 11:59 P.M. ET on June 24.

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Recent news from the SSTI Digest

Place-based innovation comes of age: Federal regional innovation programs are reshaping America's technology economy

Wednesday, August 5, 2026
Strong regional ecosystems connect universities, entrepreneurs, investors, manufacturers, workforce organizations, and state and local governments. Rather than supporting just isolated institutions, federal agencies are now investing in collaborative regional networks capable of translating research into new companies, industries, and jobs. The intent is not for every region to become the next Silicon Valley, but to enable regions to compete by organizing around what they already do well.
NSF
EDA
tech hubs
NSF Engines

Takeaways from the ACA angel capital report

Wednesday, August 5, 2026
As SSTI noted in its recent look at quarterly investment activity, gaining insight into angel investment is difficult because of the challenges of separating angel activity from seed and other early VC transactions. Fortunately, the Angel Capital Association (ACA) recently published a report that provides a deep dive into 2025 angel investment activity and provides more clarity on this important financial partner for regional innovation. The big picture takeaway from the ACA report is that, like VCs, angel groups are making larger investments in fewer companies. 
angel capital

State grant programs support manufacturers and improve their competitiveness

Wednesday, August 5, 2026
As those involved with the longstanding, internationally recognized program know, an air of uncertainty has enveloped NIST’s Manufacturing Extension Partnership (MEP) for the past two years. With the release of the new Notice of Funding Opportunity (NOFO) for MEP Centers (see SSTI’s write‑up here), it appears that perhaps many of those troubles may be in the past. Even so, the uncertainty has prompted many manufacturers, small businesses, and MEP centers to explore alternate funding sources, partnerships, and forms of assistance beyond NIST.
MEP
states
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