In the most recent round of Regional Innovation Strategies (RIS) funding, 42 organizations from 28 states were awarded $17 million to support the creation and expansion of tech transformation networks (i6 Challenge) and early-stage seed capital funds (the Seed Fund Support). In total, EDA’s awards leveraged over $22 million in private, state and local matching funds.

The Economic Development Administration (EDA) announced 60 organizations receiving $53 million from the Build to Scale program today. This is the program’s 10th and largest award cycle, following years of consistent appropriations growth from Congress.

The Senate Committee on Appropriations this morning advanced a funding bill that includes $25 million for Regional Innovation Strategies — $4 million more than the current funding round.

The Economic Development Administration is now accepting applications for the Regional Innovation Strategies program through April 4. Funding is available through the i6 Challenge, focused on transforming innovations into products and services, and Seed Fund Support, to help expand the availability of investment capital for startups. SSTI will again be hosting an informational webinar with EDA — see details and register below.

Regional Innovation Strategies program FY 2019 informational webinar
Tuesday, Feb. 12 @ 2 P.M. EST

Senators Jerry Moran (R-Kan.) and Mark Warner (D-Va.), co-signed by Senators Roy Blunt (R-Mo.) and Amy Klobuchar (D-Minn.), re-introduced the Startup Act today. The bill would enact an array of innovation policies, including reauthorizing Regional Innovation Strategies, creating a new commercialization grant program, and implementing a startup visa.

EDA’s Regional Innovation Strategies program — which makes i6 challenge and seed fund support awards — has released its notice of funding opportunity for FY 2018. Applications are due August 29. SSTI hosted a free webinar featuring EDA’s Office of Innovation and Entrepreneurship on June 14.*

This year’s national defense authorization act (NDAA) includes extensions of the Regional Innovation Strategies (RIS) program and Manufacturing USA. The House and Senate have passed the FY 2020 legislation, which authorizes up to $738 billion in appropriations and sets policy for a wide range of defense-related activities. The NDAA is one of the few bills that passes Congress each year.

Congress is expected to pass the FY 2020 budget this week, and as anticipated, the bills include billions in new appropriations. Innovation policy priorities, such as Regional Innovation Strategies, Manufacturing Extension Partnership, and NSF, did well in the final budget. Here are the top things to know about innovation initiatives in the final budget.

1. Regional Innovation Strategies receives $33 million

The U.S. Economic Development Administration has announced the FY 2020 notice of funding availability for the Regional Innovation Strategies program. There are multiple changes to the program this year, including that EDA is now referring to the program as “Build to Scale.” A total of $35 million is available this year due to support from Congress with advocacy from SSTI’s Innovation Advocacy Council. The Trump Administration budget proposal for FY2020, and again for FY2021, proposed eliminating the program.

Nine national, nonprofit think tanks and innovation-focused associations have written a letter urging the Commerce-Justice-Science (CJS) appropriations subcommittees to provide $50 million in FY 2021 for Regional Innovation Strategies (RIS; now Build-to-Scale). Similarly, 50 current and former awardees have written to ask Congress to continue expanding the program’s support. These efforts follow dozens of meetings between SSTI members and congressional offices early last month.

The 116^th Congress has already advanced policies to affect regional innovation economies, and much more is poised to happen once both chambers return in September. In addition to completing the FY 2019 budget (see our Feb. coverage), this session has seen Regional Innovation Strategies legislation pass the House and Senate (albeit in different bills); the Senate working toward an overhaul of the Small Business Administration; and, the start of the FY 2020 budget process.

EDA is currently soliciting proposals for $23.5 million in Regional Innovation Strategies (i6 Challenge and Seed Fund Support), and submissions are due April 4. For those looking for more information, EDA’s website contains profiles of all past awardees, and SSTI has a collection of past webinars, including the informational webinar for the current opportunity.

More than 50 current and former program awardees, along with 11 tech-based economic development-focused organizations led by SSTI have signed letters supporting the Regional Innovation Strategies program at EDA. Since 2014, when the program first received funding, EDA has funded 180 projects across nearly every state, D.C., and Puerto Rico. In FY 2019, Congress appropriated $23.5 million. These projects have supported specific regional activities, including mission-focused seed investing in Kansas, maritime tech demonstrations in Washington, and incubator services in Florida.

Thanks to leadership by Senators Jerry Moran (R-Kan.) and Chris Coons (D-Del.), the Senate approved a revamped authorization of the Regional Innovation Strategies program (RIS) as part of its National Defense Authorization Act for FY 2020 (NDAA). The bill would extend the program’s funding authority to $50 million per year through FY 2024.

At the end of this month, applications are due for two of the federal government’s most notable programs for funding clusters and regional innovation initiatives: the SBA’s Regional Innovation Clusters (RIC) program and the EDA’s Regional Innovation Strategies (RIS) program. As practitioners develop their proposals for these programs, it is worth considering potential lessons learned from the successes of previous awardees and the major challenges they have faced.

At SSTI's 2018 Annual Conference this week, the U.S. Department of Commerce announced 40 awardees for $21 million in the latest round of the Regional Innovation Strategies program. The program which makes grants for the i6 Challenge and Seed Fund Support, has now provided $78 million to 180 projects across 46 states, DC and Puerto Rico.

Working with public and private-sector partners across the U.S., the EDA invested approximately $289.1 million in 815 locally-driven economic development projects in FY 2017, according to its most recent annual report. The report provides examples of the projects it funds in each state, to help show the breadth and diversity of the programs and projects it funds.

The final FY 2021 budget provides $1.4 trillion in total federal funding, including increases in some programs affecting the innovation economy. Among SSTI’s Innovation Advocacy Council priorities: EDA’s Build to Scale received an appropriation of $38 million, SBA’s Regional Innovation Clusters received $6 million, and SBA’s Federal and State Technology (FAST) program received $4 million. These are just a few of the federally-funded initiatives that support regional innovation economies and a wide range of federal R&D activities.

This week, the U.S. Economic Development Administration (EDA) announced the 2020 Build-to-Scale awards. In this round, nearly $35 million was awarded to 52 organizations to support regional strategies advancing entrepreneurship and innovation. Through the end of 2019, funded organizations had worked with more than 6,200 startups, facilitating $1.6 billion in investment and the launch of more than 9,000 products, according to EDA.