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EDA opens Tech Hubs competition

Thursday, May 18, 2023

When Dan Berglund, SSTI’s president and CEO, testified in a hearing before the House on an early draft of the U.S. Innovation and Competition Act, he noted that funding from the federal government that addresses the whole innovation system rather than individual elements of the system would be critical to building a regional innovation economy and different than any other federal program.

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Recent news from the SSTI Digest

Rep. Haley Stevens leads bipartisan Build to Scale Reauthorization Act to strengthen innovation and entrepreneurship in regional economies nationwide

Friday, May 15, 2026
Today, Michigan Congresswoman Haley Stevens (MI-11), along with Rep. Jim Baird (R-IN), introduced the bipartisan Build to Scale Reauthorization Act of 2026, legislation to extend and strengthen the Economic Development Administration’s (EDA) successful Build to Scale program through fiscal year 2030. The bill helps startups grow, strengthens regional innovation hubs, and creates good-paying jobs across Michigan and the country.
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SBA seeks public comment in two areas related to supply chains

Wednesday, May 6, 2026
The U.S. Small Business Administration (SBA) seeks public comment for two Requests for Information. The first, Supply Chain Gaps and Entrepreneur Assistance, is focused on the future of SBA’s Innovation Network Programs—FAST, GAFC, RICs—and how each program can align entrepreneur support in critical industry areas. These are programs that are relevant to TBED organizations, accelerators, incubators, investors, universities, research institutions, and tech transfer offices.
sba

Slowing Q1 VC investment could mean more selective investors and difficult fundraising

Wednesday, May 6, 2026
Venture capital investments so far in 2026 are showing the same trends as 2025, with more funding going to fewer companies. According to PitchBook, quarterly U.S. VC investment totaled $267 billion, with the five largest deals raising a combined $195 billion, or over 73% of all Q1 capital. The heavy bias toward the top deals underscores the importance of narrowing the deal segments to understand what trends are faced by the majority of companies.  
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