16.5M Individuals Indicate Job Required STEM-Related Degree in 2010, NSF Report Finds
In 2010, 16.5 million individuals indicated that their job required at least a bachelor's degree level in a STEM field, according to a new report by the National Science Board (NSB) – Revisiting the STEM Workforce. These positions included many positions that are not traditional thought of as STEM jobs such as sales, marketing, and management.
Pittsburgh at precipice of innovation initiative
Recognizing that the former steel city was at tipping point in its development, Pittsburgh’s city leaders decided to tip the scale toward continued growth. Whether the city is able to rise to the level of a serious global competitor may hinge on the implementation of initiatives that will guide the city in capitalizing on their innovation, research and business assets, according to a new report from the Brookings Institution. Pittsburgh leaders received a call to action as a result of a collaborative effort initiated by two city foundations and the Brookings Institution.
Vote to Get Innovation in Presidential Debates!
Critical issues for the innovation economy seemed to play a prominent role early in this presidential campaign cycle. Bernie Sanders pushed to make college debt free, Republicans incorporated H-1B visas into their immigration stances and Hillary Clinton proposed a platform to support innovation. After one presidential and the vice-presidential debate, however, innovation, technology and education have received very limited attention. However, moderators for Sunday’s debate will be looking at the top 30 questions voted on by the public for possible inclusion in the next debate. The current top 30 suggestions indicate the public wants to hear answers to real policy questions, including a few on the economy and education. There is still time for you (and colleagues, friends, etc.) to help ensure that some of the more relevant items are selected.
ITIF, Brookings Urge Expansion of TBED Support
To ensure economic growth and the success of the industries of tomorrow, the U.S. government needs to expand federal support for research and improve the efficiency of the process of federally funded knowledge leading to U.S. innovation and jobs, according to a recently released study by the Information Technology and Innovation Foundation (ITIF) and the Brookings Institution’s Bass Initiative on Innovation and Placemaking. In Localizing the economic impact of research and development: Policy proposals for the Trump administration and Congress, ITIF and Brookings suggest 50 policy proposals that the new administration and Congress can undertake to bolster tech transfer, commercialization, and innovation.
Top Stories from 2016 and a Preview of 2017
This week, we take a look at the top SSTI Weekly Digest stories from 2016 and give you an idea of what to look for in the coming months.
Tech Sector Affects Every Congressional District
The country’s competitive position in the global economy hinges on developing broad-based understanding and support for federal policies that will spur innovation and growth. The policy discussions surrounding the high-tech economy should encompass all congressional districts, not just the iconic places like Silicon Valley, according to a report released this week by the Information Technology and Innovation Foundation (ITIF).
SSTI submits letter to CDFI Fund on equity certification
In response to a request for information, SSTI submitted a letter to the U.S. Department of Treasury’s CDFI Fund about the certification process and standards for community development financial institutions (CDFIs). Just 1.4 percent of all CDFIs and 0.2 percent of total assets are registered by the CDFI Fund as “venture capital,” which is concerning given the importance of equity for many startups.
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.
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.
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.
MIT Commission Finds Manufacturing Collaboration Key to U.S. Innovation Future
Last week, the Massachusetts Institute of Technology’s (MIT) Production in an Innovation Economy (PIE) Commission released its findings from two years of research on how to remove the barriers that prevent the U.S. from turning its strengths in science and research into jobs, businesses and products. In order to ensure that American innovations reach the marketplace, the U.S. must rebuild its manufacturing sector, with particular focus on improving the support ecosystem for smaller advanced manufacturing firms, according to the commission.
Federal Agencies Adopt Open Data Model to Spur Innovation, Entrepreneurship
This week, the White House Office of Science and Technology Policy (OSTP) released a wide-ranging roundup of new and ongoing efforts to leverage availability of large, accessible data sets to spur innovation. While many of these efforts were focused on supporting research on the potential of big data, several agency efforts are using the model of open data app competitions to fuel private-sector business creation.
EPSCoR Vital to Nation's Research Enterprise, According to National Academies
The federal, cross-agency Experimental Program to Stimulate Competitive Research (EPSCoR) has proven so invaluable to developing STEM expertise across the country that the word "experimental" should be removed from its name, according to a comprehensive new report from the National Academies. The academies, however, recommend that the program be restructured to create a more rigorous competitive process for research projects and improve project evaluation. Download the report...
Time for a Paradigm Shift in University-Industry Collaboration, According to Report
University-industry collaborations need a paradigm shift from the traditional one-way knowledge transfer model to a two-way knowledge co-creation model, according to a new report from the Big Innovation Centre (BIC) — Collaborate to Innovate.
Clinton Innovation Agenda Addresses TBED Priorities
The Clinton campaign released on Tuesday, Hillary Clinton’s Initiative on Technology & Innovation, a wide-ranging platform with a heavy emphasis on technology-based economic development.
OSTP Invites Public Comments for Update to Strategy for American Innovation
The Office of Science and Technology Policy announced a public comment period that will assist in the development of an upcoming update of the Strategy for American Innovation. Via a notice of Request for Information (RFI), individuals and organizations have the opportunity to provide input on one or more of nine topic areas:
MN, IA, Other States Look to Strong Agbiosciences Industry to Support Economic Prosperity
Minnesota’s economic future may well be rooted in its historic leadership in agricultural production, according to a new report prepared by Battelle, Agbioscience as a Development Driver: Minnesota Agbioscience Strategy.
Manufacturing Committee Pushes for Increased Coordination, Investment
The federal government should invest in strategic technologies and multi-agency initiatives to iincrease U.S. advanced manufacturing capabilities, according to a new report from the President’s Council of Advisors in Science and Technology. The Advanced Manufacturing Partnership (AMP) Steering Committee “2.0” is a cross-sector, national effort to secure US leadership in emerging technologies that create high-quality manufacturing jobs and enhance the nation’s competitiveness.
UK’s Catapult Network Continues to Grow, Receive Support
A new report released last week by Hermann Hauser, one of Britain’s most renowned technology entrepreneurs, announces his support for the expansion of the UK’s Catapult Network, a series of national centers focused on innovating around specific industry areas.
Encourage Community College Innovation to Promote Middle-Skill Career Pathways, According to Report
A more innovative economy does not have to lead to greater inequality, as long as educational pathways exist for middle-skill workers, according to a new report from Jobs for the Future and Achieving the Dream. The groups’ Middle-Skill STEM State Policy Framework provides a set of strategic goals for states to link the community college experience with the needs of employers.
Anchor Institutions Can Play Big Role in Local Job Creation
In the evolving American economy, TBED is increasingly looked to as a potential driver of inclusive competitiveness, expanding and deepening economic opportunity for communities that suffer from poverty and unemployment. The Regional Federal Reserve Banks have been leading efforts to study the linkages between economic and community development and this week hosted a Connecting Communities webinar on Redefining the Rust Belt: The Role of Anchor Institutions and the Arts.
States, Metros Turning to Ballot Initiatives to Strengthen Economies, According to Brookings
A growing number of states and localities, stymied by conventional budgetary processes, are seeking financial support for economic development initiatives through alternative means, according to a new report from the Brookings Institution. Many regions are instead turning to legislative referendums and citizen-driven ballot initiatives to support large-scale economic initiatives. Authors Jessica A. Lee, Mark Muro and Bruce Katz offer several recent examples of state innovation, education and infrastructure projects funded through ballot measures.
New Reports Outline Strategies to Support Female Entrepreneurs, Accelerate Economic Growth in Wisconsin, U.S.
Women as business owners may be an underutilized resource for economic development and growth in the state of Wisconsin, according to a recent study from researchers at the University of Wisconsin-Madison (UW-Madison) – Women Business Leaders Across Wisconsin, 1990-2011. The researchers found that women-owned or managed more than 80,000 Wisconsin-based businesses (nearly 19 percent of all businesses) in 2011.
Total Venture Capital Investment Rose 95% in Top 20 Startup Ecosystems from 2013-2014, New Report Shows
Total venture capital investment rose 95 percent in 20 of the world’s top startup ecosystems from 2013-2014, according to The Global Startup Ecosystem Ranking 2015 – a 160-report from Compass, formerly Startup Genome. Compass researchers also found that the global startup ecosystem landscape is maturing rapidly with non-Silicon Valley ecosystems capturing 14 percent more of the exit value pie in three years (2012-2014). In 2014, non-Silicon Valley startup ecosystems captured 59 percent of the value of all startup exits, up from approximately 45 percent in 2012.
FL, KY, TX, Others Use Data to Improve Postsecondary Graduates’ Chances of Finding, Keeping Well-Paying Jobs
Using data to track recent graduates in the workforce helps ensure postsecondary education institutions are preparing graduates for successful careers, according to a report recently released by the National Governors Association (NGA) – Tracking Graduates into the Workforce: Connecting Education and Labor Market Data. In this report, NGA contends that accurate, real-time information is a key element of functional labor markets.