accelerators

Startup competitions target the circular economy

The circular economy, a phrase meant to redefine economic growth beyond the current “take-make-waste” extractive industrial model, is gaining attention around the world as a way to produce more positive environmental and social benefits. Over the past few months, three cities have announced efforts to promote circular economy startups. In New York City, a contest will offer a $500,000 prize to the best idea and business plan that seeks to repurpose the city’s recyclables and manufacture a product to sell to the local market. The City of Phoenix and Arizona State University announced four companies will participate in an incubator affiliated with the Resource Innovation and Solutions Network (RISN). Last fall, public sector partners and the university-based Austin Technology Incubator (ATI) collaborated to launch a new Circular Economy Incubator in the region.

Practical ways to increase women in entrepreneurship roles subject of new playbook

Fighting stereotypes, finding capital and scaling up are just some of the techniques outlined in a new playbook designed to bring more women in entrepreneurship roles and revitalize the U.S. economy. Elevating Women in Entrepreneurship, by Erika R. Smith and Brita Belli, published by the International Business Innovation Association (InBIA), is a playbook outlining common misconceptions surrounding women in entrepreneurship and a practical guide on overcoming obstacles and building on best practices.

Recent Research: The roles, impact that accelerators can have on a regional innovation system

Last week, SSTI looked at an academic research study on the impact that accelerator feedback has on firms. This week, we examine two recent academic studies that looked at the impact accelerators have on regional innovation systems. In the first study from researchers at USC and Rice University, Fehder and Yael Hochberg found that the introduction of an accelerator into a metro area helped to stimulate startup capital. In another recent study, two City University of New York researchers and one from Michigan State University contend that there are three distinct types of accelerators that serve different roles in an innovation system. They include deal-flow makers, welfare stimulators, and ecosystem builders.

Accelerators help improve efficiency of startup capital

Over the last decade, accelerators have spread from a Silicon Valley phenomenon to communities across the country. Questions, however, remain on their impact on startups and whether they aid in creating a strong startup ecosystem.

Arkansas targets science, tech growth

Arkansas has new tools targeting growth in the state’s innovation and technology sector after Gov. Asa Hutchinson signed legislation creating a $2 million accelerator grant program for startups and establishing a Small Business Innovation Research (SBIR) matching funds program. The Arkansas Economic Development Commission’s (AEDC) Division of Science and Technology will administer the programs and seek corporate sponsors to provide matching funds to create accelerator events throughout the state.

Philly collaboration aims to accelerate business

Tuesday’s ceremonial groundbreaking on a new building in Philadelphia marks the foundation of a new collaboration between a number of players that are hoping to accelerate the innovation community in the city. University City Science Center (UCSC), an SSTI member that has operated in Philadelphia for 54 years, is partnering with the Boston-area Cambridge Innovation Center (CIC) as well as Wexford Science and Technology on a new space that will create a stronger group of serial entrepreneurs and increase the level of investment in the community, said UCSC President and CEO Stephen Tang.

Investing in Regional Innovation Strategies

The U.S. Department of Commerce announced this week that 35 organizations will receive nearly $15 million in funding to create and expand cluster-focused, proof-of-concept and commercialization programs, and early stage seed capital funds through the Economic Development Administration’s (EDA) Regional Innovation Strategies (RIS) program.

SBA Announces Growth Accelerator Competition Winners

The U.S. Small Business Administration (SBA), and its federal partners, announced the winners of its third annual Growth Accelerator Fund Competition on August 31. The 68 winners in 32 states and the District of Columbia were judged by more than 100 experts from both the public and private sector with entrepreneurial, investment, startup, economic development, capital formation and academic backgrounds.

Growth in Global Accelerator Industry Prompts Characterization, Evaluation

Around the world, accelerator programs continue to multiply, prompting the need for continued research on what they are, how they operate, and how they can be evaluated. The Global Accelerator Report 2015, recently released by Gust and Fundacity, highlights the global development of the accelerator industry and includes details on how accelerators are funded and insights into the industry’s future.

Free Wi-Fi, Inclusive Entrepreneurial Support Initiatives Announced for Baltimore’s Innovation Village

Throughout the United States, innovation districts have been proposed with varying degrees of emphasis on inclusivity and opportunity.

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