Science Projects Compete for $1.3 Billion in EU Research Funding

Four have made it to the final round of the EU's Future and Emerging Technologies Flagships program in which 26 projects submitted proposals for funding. Each project is set to receive approximately $72 million from the EU's research budget that will be matched by national governments and other sources. If milestones are met within the first 30 months, the awards could total upwards of $1.33 billion each over the next decade. Inspired by the success of the CERN laboratories on the Swiss-French border, EU leaders hope that these long term investments in potentially “disruptive technologies” will give Europe a competitive edge in technology. The two winners will be announced by the EU's executive branch in Brussels on January 28, 2013. Read the announcement...

Young People Drive Global Entrepreneurship, According to Report

Babson University researchers report that nearly half of all the world's entrepreneurs are between the ages of 25-35 years, according to the 2012 edition of the Global Entrepreneurship Monitor. Also, in all geographic regions, 25-34 year olds reported the highest rates of entrepreneurship. Babson researchers, however, emphasize that large numbers of entrepreneurs are found at all age ranges. Read more...

Brookings Examines Potential Impact of Federal Public-Private Economic Development

Fostering regional innovation is imperative to strengthening our national economy and crafting public-private partnerships (PPPs) are a key strategy for catalyzing regional economic growth. While states should continue to lead regional innovation efforts, the federal government can play a critical supporting role. The Brookings Institution proposes the establishment of a PPP unit within the White House to coordinate Federal assistance. Examples of effective federal-regional PPP units already are active within the Department of Transportation and the White House Startup America Initiative.

USAID Awards $130M for Universities to Spur Development Innovation Through S&T

With $130 million in funding from the U.S. Agency for International Development (USAID), seven universities will establish development labs to address global development challenges through science and technology in partnership with agency experts and policymakers. A new discipline of development science that combines math, science and engineering at the University of California-Berkeley and a Social Entrepreneur Accelerator at Duke University focused on health care delivery are among the projects supported as part of USAID's Higher Education Solutions Network. The network has up to five years to achieve its goals, and for every $10 of USAID funding, the universities and their partners are contributing an additional $6.60 to the network.

U.S. Remains Top Destination for Doctoral Students Post-Graduation

As the rate of foreign students earning doctorates from American universities increases — from 17 percent of the total science, engineering, and health doctoral degrees in the 1960s to nearly 40 percent in 2010 — the question is where do these foreign nationals seek work? Do they remain in the United States post-graduation or do they return to their country of origin or do they go elsewhere?

While China's Competitiveness Erodes, U.S. Poised to Add Millions of Jobs by 2020

The U.S. economy is poised to create up to five million new manufacturing jobs by 2020 due to increasing demand for U.S. exports, according to new research from the Boston Consulting Group (BCG). Since 2006, U.S. exports have risen by 30 percent — far outpacing the growth in gross domestic product (GDP). BCG senior partner, Harold L. Sirkin, projects that the demand for U.S. exports will continue to grow, leading to an American Manufacturing renaissance between 2015 and 2020. This positive news contradicts prevailing attitudes about the declining competitiveness of the U.S. manufacturing sector, especially in comparison to China.

Around the World in TBED

As U.S. politicians turn their eyes towards this year's election season, governments around the world continue to focus their efforts on increasing national global competitiveness. Over the past couple months, Australia, China and New Zealand have announced government initiatives to spur innovation, revitalize domestic manufacturing and support R&D.

New Report Looks at Impact of Crowdfunding on Startups in Europe

In 2011, European startups and other projects raised approximately €1.5 billion ($1.8 billion) through crowdfunding, according to a report from Nesta, an innovation focused foundation located in the United Kingdom. In The Venture Crowd, Nesta researchers found that a significant portion of those funds raised were by reward-based crowdfunding, where participants receive non-financial rewards in exchange for donating to a project. However, other crowdfunding models are growing rapidly including donation crowdfunding, crowdfunded lending and equity crowdfunding.

Around the World in TBED

Although the economic ramifications of the recent global recession still remain, countries across the world have remained committed to supporting their innovation economies. Several initiatives across the globe highlight these efforts including the European Union (EU) announcing that it will commit significant funding to three innovation-focused programs and an economic development strategy in British Columbia, Canada, to support the province's technology sector and spur job creation. A recent report also found that a positive link exists between economic development, technology transfer, increased rates of innovation and the strengthening of IPRs in both developed and developing countries.

Around the World in TBED

Governments of advanced economies are starting to believe as the 21st century advances significant opportunities for their technology-based product and service sectors will emerge from increasingly open, competitive and affluent global markets. To compete in this changing world, they are looking to expand access to capital for startups and entrepreneurs, support their research and development (R&D) infrastructure and address weaknesses in their national economies. Canada, the United Kingdom and the European Union (EU) are among those that recently have announced initiatives or released reports intended to strength their national innovation economy.


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