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EDA releases $50 million Build to Scale Funding Opportunity

Thursday, June 1, 2023

Earlier today, the Economic Development Administration (EDA) announced the 2023 notice of funding opportunity (NOFO) for the Build to Scale program. State and local governments, nonprofits, higher education institutions, National Labs, and others can compete for $50 million to support new and expanded initiatives supporting regional commercialization, entrepreneurship, and capital formation efforts.

Two competitions comprise the FY 2023 Build to Scale program:

Earlier today, the Economic Development Administration (EDA) announced the 2023 notice of funding opportunity (NOFO) for the Build to Scale program. State and local governments, nonprofits, higher education institutions, National Labs, and others can compete for $50 million to support new and expanded initiatives supporting regional commercialization, entrepreneurship, and capital formation efforts.

  • Read more about EDA releases $50 million Build to Scale Funding Opportunity

SSTI releases new data tool that summarizes investment activity by state and tech area

Thursday, August 3, 2023

SSTI has released a new data tool that defines investment activity, one indicator of the vibrancy of a region’s innovation economy, in each of 18 technology areas.

  • Read more about SSTI releases new data tool that summarizes investment activity by state and tech area

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Recent news from the SSTI Digest

Reauthorization of EDA’s popular Build to Scale program introduced

Thursday, May 21, 2026
The bipartisan Build to Scale Reauthorization Act of 2026 was introduced on May 15 by Congresswoman Haley Stevens (MI-11) and Rep. Jim Baird (R-IN), along with several co-sponsors. Additionally, more than sixty organizations and associations in 25 states endorsed the bill, which is designed to help Americans move new products, technologies, and medical inventions to market faster.
b2s

Nonprofit Venture Development Organizations: what they are and why the approach matters

Thursday, May 21, 2026
Over the past 25 years, SSTI has seen a successful model emerge for supporting regional innovation-driven economies that deserves more attention from the TBED community. Successful Venture Development Organizations (VDOs) bring the entrepreneurial mindset of an innovation startup to regional economic growth strategies. VDOs simultaneously deliver multiple value propositions to their target service areas.
venture dev orgs

Connecting companies to research assets faster: the Tennessee Innovation Exchange model

Thursday, May 21, 2026
The Tennessee Innovation Exchange (TNIX) is a statewide initiative designed to make it easier for companies, entrepreneurs, and investors to connect with university research expertise across Tennessee. In this recent TBED Community of Practice webinar, speakers Chuck Layne of LaunchTN and Tom Kissane of Halo Sciences explained how they partnered with six research universities to build a shared digital platform that supports university-industry collaboration and commercialization.
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