policy

Senators Jerry Moran (R-Kan.) and Mark Warner (D-Va.), co-signed by Senators Roy Blunt (R-Mo.) and Amy Klobuchar (D-Minn.), re-introduced the Startup Act today. The bill would enact an array of innovation policies, including reauthorizing Regional Innovation Strategies, creating a new commercialization grant program, and implementing a startup visa. SSTI has endorsed the bill and hopes to see the legislation passed by the 116th Congress.

How likely would you be to leave your current job to form a startup if you had $3,600 in the bank? Would your interest increase if you had $147,000? While neither amount is enough to scale a business, the latter case obviously affords more cushion to learn the ropes or absorb the impacts of a few missed paychecks. These amounts are the median wealth for black and white households, respectively, according to a new report by the Institute for Policy Studies. While the report does not directly look to entrepreneurship as a factor — nor, notably, as a solution — the implications for regional innovation economies are clear.

NIST released a draft paper in December making recommendations for improvements to federal technology transfer and commercialization policy. The agency’s ideas ranged from clarifying march-in rights to compelling agency participation in technology entrepreneurship development. Although NIST is one of the agencies affected by the shutdown, comments on the draft paper were due Jan. 9. SSTI’s letter commends NIST on its overall approach to the process and recognition of the importance of entrepreneurial development to leveraging American innovation. The letter also encourages the agency to better integrate federal policies with regional innovation activities and to launch a robustly-funded initiative to fund commercialization partners throughout the country.

Action toward improving the availability and speed of broadband in rural areas is emerging as an early theme in 2019, continuing activity from 2018. Oregon, Washington and the USDA all announced new initiatives last month. In mid-December, the USDA announced the availability of $600 million in grants and loans to support improvement of broadband accessibility across rural America. Funding is split into three equal pools. Up to $200 million may be awarded as grants (deadline for proposals is April 29); $200 million may be awarded as low-interest loans (applications due June 28); and $200 million may be distributed in a mix of grants and loans (proposals are due May 29).  Projects funded through this initiative must serve communities with fewer than 20,000 people with no broadband service or where service is slower than 10 megabits per second (mbps) download and 1 mbps upload.

The latest Farm Bill, expected to be signed into law Thursday, contains provisions that could provide significant new tools for rural innovations. The two greatest opportunities are the Rural Innovation Stronger Economy (RISE) grant program, which creates an innovation cluster and strategy program for rural regions, and a change to allow the existing Community Facilities program to support incubators, makerspaces, and job training centers.

The governments of France and Canada said last week they would create a joint International Panel on Artificial Intelligence (IPAI) to study and respond to the changes resulting from artificial intelligence and facilitate an international collaboration focused on sharing research and best practices. The mission of the IPAI “will be to support and guide the responsible adoption of artificial intelligence that is human-centric and grounded in respect for human rights, inclusion, diversity, innovation and economic growth.” The announcement was made by Canada’s prime minister Justin Trudeau and Mounir Mahjobi, the French secretary of state for digital affairs, in conjunction with the G7 Multistakeholder Conference on Artificial Intelligence that took place last week in Montreal, Quebec.

Strict balanced budget requirements, tax or expenditure limits and party control of a state legislature and governorship can influence innovation funding when states respond to deficits. As states face new political landscapes and decision makers in their legislatures, the implications of a recent study on the topic emphasize the importance of keeping innovation on a state’s agenda.

Tuesday’s elections resulted in a Democratic majority in the House, but the changes for the next Congress go far beyond this outcome. Flipping party control means new chairs for every committee in the House; many Senate Republicans in leadership positions are reaching their party’s term limits, yielding new committee seniority; and, retirements and incumbent losses yield further changes. For the bipartisan issues of science and innovation, this shake up will produce new opportunities and uncertainties.

This week we continue our four-part series focused on navigating innovation priorities in a variety of settings. With the 2018 elections less than three weeks away and 36 states facing gubernatorial races, this week we focus on how to make innovation a priority with your governor. SSTI spoke with C. Michael Cassidy, director of the new Emory Biomedical Catalyst, and Christine Smith, managing director of innovation, Rhode Island Commerce Corporation, about their experiences in working with their states’ governors over the years.

As part of an official kick-off for a yearlong Policy Academy, interdisciplinary teams from around the country met in Washington, D.C., last week to advance policies that strengthen their manufacturing sectors. The four state participants – Kentucky, New Jersey, Puerto Rico, and Utah – are comprised of leadership from governor’s offices, state economic development departments, Manufacturing Extension Partnership centers, manufacturing trade associations, and other manufacturing centers. In addition to facilitated working groups, the event featured speakers from Deloitte, The National Center for the Middle Market, NIST, MForesight, New America, and the National Governors’ Association.