innovation
State of Ohio commits $265 million for new innovation district
Ohio’s governor and other state leaders this week announced the creation of a new Cleveland Innovation District, with the state of Ohio, through the Ohio Development Services Agency (DSA), JobsOhio and the Cleveland Clinic committing a combined $565 million to the new district.
Ohio’s governor and other state leaders this week announced the creation of a new Cleveland Innovation District, with the state of Ohio, through the Ohio Development Services Agency (DSA), JobsOhio and the Cleveland Clinic committing a combined $565 million to the new district. The new district will bring together Northeast Ohio’s leading healthcare providers and education institutions with the goal of creating a pathogen center with global reach. DSA is committing to $155 million, $100 million will be in the form of a loan, the terms of which are still being finalized, and an estimated $55 million in Job Creation Tax Credits (JCTC) over a 15-year period. JobsOhio will invest $110 million and an additional $300 million will be invested by Cleveland Clinic.
NAS, Council of Competitiveness unveil recommendations to boost American innovation
Nearly 75 years ago, the head of the U.S. Office of Scientific Research and Development, Vannevar Bush, published what became a seminal report in the science community. The report chronicled the necessity of basic scientific research, investment by government in science and innovation, and identified the reasons to push the limits of our own knowledge. Science, The Endless Frontier was Bush’s call for a committed relationship between government and science.
High-impact inventors credited with helping to create 19.5 million jobs
In nearly every research institution, there are individuals who achieve oversized impacts. In the academic environment, publications and citations were the traditional standard bearers for advancing science, engineering and discovery — unfortunately, tenure and title are still stubbornly tied to these measures in universities. Patents became the next tier for measuring performance many years ago.
Four steps for a bipartisan effort to outcompete China
While economic development tends to be nonpartisan at the state level, many states are limited in their ability to fund innovative programs. In order to fund efforts that may serve as part of a national development strategy, Congress should use the bipartisan support of state efforts to establish and expand federal-state development partnerships and a strategy focused on countering China’s rise in advanced industries.
While economic development tends to be nonpartisan at the state level, many states are limited in their ability to fund innovative programs. In order to fund efforts that may serve as part of a national development strategy, Congress should use the bipartisan support of state efforts to establish and expand federal-state development partnerships and a strategy focused on countering China’s rise in advanced industries. That is the sentiment behind a recent roadmap from the Information Technology & Innovation Foundation (ITIF) that proposes four things Congress should do to align state efforts to an overall mission of outcompeting China.
$300 million gift to MO higher ed will support innovation and entrepreneurship
In the largest single gift in the history of Missouri higher education, $300 million has been donated to support Missouri S&T that will enable the university to establish a new school of innovation and entrepreneurship, among other things. The benefactors are St. Louis businessman Fred Kummer, a graduate of the school who credited the education he received there with his success, and his wife.
$5.5B for R&D in CA among critical state ballot initiatives
With the general election less than one month away, SSTI has reviewed the 120 state ballot initiatives throughout the country for innovation-related issues. Education, gig workers, redistricting and issues surrounding elections and state budgets are scattered across the country and can affect the future of innovation through funding, talent and political will. Read below for coverage on the initiatives that could have an impact on different segments of the economy and the future of innovation.
Inclusive innovation ecosystem prize competition launched
The Lab-to-Market (L2M) subcommittee of the National Science and Technology Council’s Committee on the Science and Technology Enterprise is launching a $325,000 prize competition to highlight successful examples of innovation ecosystems, particularly existing resources that support underserved communities or remarkable responses to the pandemic environment. There are three categories for applicants with an informational webinar
USPTO launches National Council for Expanding American Innovation
The United States Patent and Trademark Office (USPTO) has launched the National Council for Expanding American Innovation (NCEAI), an initiative aimed at expanding innovation and entrepreneurship in America. The council consists of leaders in industry, government, and academia. The USPTO created the council to develop a comprehensive national strategy to build a more diverse and inclusive innovation economy.
GRA celebrates 30 years; SSTI Q&A with new president on progress and adapting over time
This year marks the 30th anniversary of the Georgia Research Alliance (GRA), a public-private partnership that works with both the University System of Georgia and the Georgia Department of Economic Development to expand the research capacity at the state’s universities and seed and shape startup companies. When it was formed in 1990, GRA was a new kind of enterprise.
This year marks the 30th anniversary of the Georgia Research Alliance (GRA), a public-private partnership that works with both the University System of Georgia and the Georgia Department of Economic Development to expand the research capacity at the state’s universities and seed and shape startup companies. When it was formed in 1990, GRA was a new kind of enterprise. Leaders in state government, private industry and academia all came to the table to strengthen cohesion among Georgia’s public and private research universities – and, ultimately, to bring more research dollars and discoveries to the state. Today it is recognized as a key player in building the state’s reputation as a center of discovery and invention.
House budget increases innovation spending, including IAC priorities
The House has now passed 10 of the 12 annual appropriations bills for FY 2021. Within the total funding is support for key innovation priorities, including $35 million for EDA’s Build-to-Scale (i.e., Regional Innovation Strategies), $6 million for SBA’s innovation clusters program and $4 million for Federal and State Technology Partnerships (FAST). SSTI’s Innovation Advocacy Council had made expanding funding for each of these initiatives a priority for the year.