Key innovation officials speak with SSTI senior leaders
At this week’s SSTI 2019 Dialogue in Washington, D.C., senior leaders from 30 member organizations talked innovation policy and opportunities with each other and with federal leaders. Those speaking with us at the event included: Congresswoman and research and technology subcommittee chair Haley Stevens; EDA Director John Fleming; NIST associate director for innovation and industry services Phillip Singerman; NIH deputy director for the office of extramural research Jodi Black; and Senate small business committee professional staff member Renée Bender.
Senate approved revamped Regional Innovation Strategies as part of defense bill
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.
New program seeks to boost Minnesota’s innovation economy
Funds for entrepreneurial training, technical assistance with R&D, and matching grants for innovative small businesses are among the items now part of Minnesota’s economic development toolkit thanks to new funding in the state’s recently signed FY 2020 biennial budget. Under the approved budget, Launch Minnesota will receive $2.5 million in each of the next two fiscal years to support innovation and entrepreneurship. Originally called the Minnesota Innovation Collaborative in Gov.
Recent Research: Incentives and State Fiscal Health
A recent paper published by SSRN provides a detailed look at the relationship between financial incentives and state fiscal health. The authors control for many potentially-related factors and still find significant, negative impacts of incentives. While the study helps fuel calls for critical analysis and careful implementation of tax incentives, the results may not be as clear cut as some coverage may suggest.
New grant program to help tech transfer launched
The New Mexico Economic Development Department is launching a new grant program to facilitate the transfer and commercialization of technologies developed in New Mexico national labs and universities to business startups. The New Mexico Technology Transfer Assistance Grants (NM-TAG) are designed to help offset the risk associated with licensing new technologies and assist the transfer and deployment of new innovative technologies.
Young innovators turn to nature for inspiration, invention
For passive control of tidal electricity systems, permeable courtyard tiles, and fog water collection units, three winning teams of middle school and high school innovators looked to cucumber seeds, plants from the yam family and Namib beetles, respectively. The three projects were among the six selected for recognition out of 78 participating in the 2019 Biomimicry Youth Design Challenge. Biomimicry approaches sustainable innovation by looking first to nature to find proven competencies — patterns and strategies in the systems vernacular — for dealing with similar c
New program supports additive manufacturing in US Army
A new program designed to support additive manufacturing (AM) technology insertion into the existing U.S. Army supply chain could also grow the southwestern Pennsylvania manufacturing sector. Catalyst Connection, in partnership with the National Center for Defense Manufacturing and Machining (NCDMM) and America Makes, launched AMNOW, a potentially multi-phase, multi-year contract funded by the U.S. Army Combat Capabilities Development Command (CCDC) under the U.S. Army Futures Command.
New seed fund launched to expand early-stage funding opportunities outside Boston metro area
The Massachusetts Life Sciences Center (MLSC) plans to launch a seed fund to support the development of life sciences startups outside of the Greater Boston area. These areas, many already rich in major research university and medical center anchor institutions, should be bolstered by this early-stage funding currently concentrated in Boston.
Adults without degrees can benefit from certificates
While higher education remains a viable path to economic advancement, adults without a postsecondary degree are increasingly benefitting from non-degree certificates and certifications, according to a recent report. As automation and technological advances demand more skills from workers in the changing economy, Strada Education Network and Lumina Foundation partnered to determine the value and impact of the growing number of non-degree credentials.
How SBIR/STTR spent $2.7 billion in FY 2016
The U.S. Small Business Administration (SBA) released its FY 2016 annual report for the $2.4 billion obligated by the Small Business Innovation Research (SBIR) program and $313.6 million by the Small Business Technology Transfer (STTR) programs. The report includes the number and dollar amount of SBIR and STTR awards for each state. New Phase I SBIR awards by agency are summarized in the following table.
Top questions to ask when planning an innovation district
Innovation districts show promise as an economic development tool, but there are a range of questions policymakers, practitioners and planners should consider prior to and while pursuing the strategy, according to new research from RTI International’s Center for Applied Economics and Strategy.
Must Read: An Economist’s Argument for TBED
It is extremely rare for SSTI to use those first two words in a Digest headline. We feel that compulsion today because of a unique (using its original OED definition of “first/one of a kind”) monograph prepared by Greg Tassey, an esteemed economist who served for much of his career as Senior Economist for the National Institute of Standards and Technology. Throughout his work, he has focused an economist’s lens on public policy’s role in technology, standards, economic growth, and industrial innovation, among other related topics.
Useful Stats: Overall R&D intensity by state (2002-2016)
How has the intensity of research and development (R&D) performance changed across states and over time? As a follow up to an article in last week’s Digest that examined changes in total R&D expenditures for each state over the 15-year period from 2002 to 2016, this week’s Useful Stats focuses on R&D intensity.
Focus on inclusive ecosystems to build entrepreneurship and growth
A new report from the Kansas City Federal Reserve and Opportunity HUB (OHUB) reveals the importance of building an inclusive entrepreneurship ecosystem. Authored by Dell Gines of the Kansas City Federal Reserve and Rodney Sampson, chairman and chief executive officer of Opportunity Hub, the report examines how entrepreneurship ecosystem building has lacked an emphasis on issues of diversity, equity and inclusion.
What are mayors talking about? NLC explores top trending topics
The National League of Cities (NLC) recently released its sixth State of the Cities report, an analysis of the year’s state of the city speeches. It identifies and examines the top 10 issues that mayors are discussing and provides analyses on regional and subtopic trends.
Ignoring Industry 4.0 leaves firms vulnerable
Federal and private R&D portfolios are investing heavily in designing and refining the key innovation components of the transition to cyber-physical systems of production: artificial intelligence, automation, IoT, advanced materials, and dynamic, decentralized decision making to name a few elements. There also is a fair amount of buzz about Industry 4.0 from the big manufacturing consultants and around industry trade shows. Innovation and optimization, however, appear to be two very distant points on a continuum for both U.S.
SBA: Small business share of GDP continues structural decline
The share of the nation’s economy stemming from small businesses — “the lifeblood of the U.S. economy” — has waned since 1998, according to a new report by Kathryn Kobe and Richard Schwinn on behalf of the U.S. Small Business Administration’s Office of Advocacy. Despite overall growth in small business GDP, the number of small businesses and their employment levels have not yet recovered from their pre-recession value.
DOE announces intent to issue funding opportunity for cybersecurity institute for energy efficient manufacturing
The U.S. Department of Energy’s (DOE) Office of Energy Efficiency and Renewable Energy (EERE) announced their intent to issue a Funding Opportunity Announcement (FOA) establishing a new Clean Energy Manufacturing Innovation Institute. The institute will develop technologies that will advance U.S. manufacturing competitiveness, energy efficiency and innovation.
Tech Talkin’ Govs part 5: Tax incentives, clean energy, help for higher ed strike note in governors' addresses
More than half of the governors have now delivered their state of the state addresses, and TBED initiatives continue to play a prominent role in their plans. Higher ed’s affordability and/or role in the workforce are concerns in Montana, South Carolina, Utah and Vermont. Maryland is looking at clean energy and higher education. Utah is also grappling with burgeoning growth while Vermont considers measures to increase its workforce.
EDA opens 2019 Regional Innovation funding cycle
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
New H-1B visa rules will benefit applicants with advanced degrees from U.S. institutions
Applicants with advanced degrees from U.S. institutions of higher education who are seeking H-1B visas will be the beneficiaries of a new rule announced by the Department of Homeland Security last week. The rule change reverses the order by which U.S. Citizenship and Immigration Services (USCIS) selects H-1B petitions under the H-1B regular cap and the advanced degree exemption.
Ideas for expanding economic opportunity focus of Aspen report
Shifts in the American economy have resulted in a myriad of challenges including workers without the necessary skills for today’s jobs, lack of wage increases for low- and middle-income worker and a shrinking labor force participation rate.
Shifts in the American economy have resulted in a myriad of challenges including workers without the necessary skills for today’s jobs, lack of wage increases for low- and middle-income worker and a shrinking labor force participation rate. With an aim of identifying bipartisan policy solutions to such challenges, the Aspen Economic Strategy Group (AESG) spent a year collecting ideas to address these challenges and have released their findings in a new report. While the authors of the report caution that there is no silver bullet solution to the challenges outlined in the report, they go on to say, “Evidence-based, bipartisan solutions rarely capture headlines, but they do exist, and should be embraced by those who are serious about solving our long-term economic challenges.” The report outlines several proposed solutions.
DOD already sees adverse effects from climate change at priority installations
Could climate change negatively impact the defense installations important to companies and communities in your state? Chances are good that it already does. A new Department of Defense report to Congress reveals all but six of 79 mission assurance priority installations within DOD are experiencing negative climate change effects such as recurrent flooding, drought, desertification, wildfires, or thawing permafrost.
Economic development and the tipping point
As the number of weather-related news stories increase, more Americans are recognizing the world’s climate is changing (see here and here, for instance).
As the number of weather-related news stories increase, more Americans are recognizing the world’s climate is changing (see here and here, for instance). Cold temperatures and large amounts of precipitation may hold our immediate attention (we are, after all, a culture increasingly obsessed with the short-term, instant or immediate), but a larger story is unfolding that has the scientists who have studied various aspects of climate-related issues for decades increasingly using a two-word phrase that could have terrifyingly significant repercussions if, and when, we can look back to see it is truly happening. The phrase is tipping point – that moment when certain aspects fueling climate change will fuel themselves, creating feedback loops independent of our own future behavior.
$24M Foundation gift to U. Arkansas transforms commercialization, economic development
Late last year, the Walton Family Charitable Support Foundation announced a $23.7 million investment to strengthen technology-based economic development efforts at the University of Arkansas.