National Semiconductor Technology Center (NSTC) reveals R&D topics for Jump Start Projects

During a recent webinar presented by the National Semiconductor Technology Center (NSTC), center representatives announced details of its initial round of R&D funding opportunities, as outlined in its vision for 2024 document. The projects to be funded, which NSTC refers to as Jump Start Projects, are (1) AI-based Radio Frequency (RF) Design and (2) Test Vehicles. ​ During the webinar, Jay Lewis, director of the CHIPS for America NSTC Program, noted that “the aim is to deliver impactful results through early investments in projects with a near-term time horizon.” ​He also announced that approximately $100 million will be available to fund the first set of external teams. ​ Further announcements regarding the NSTC facilities model and selection process, as well as the launch of a workforce center of excellence, are expected in the summer of 2024.

New research explores R&D intensity, financial performance, and implications for firm competitiveness

In the 21st century, some high-tech firms in emerging fields are valued more for their perceived innovation potential than by traditional measures of a successful business. But how does innovation influence the value of existing publicly traded firms? New research by Panteleimon Kruglov and Charles Shaw explores the relationship between R&D intensity and financial performance among S&P 500 companies over 100 quarters from 1998 to 2023 and its implications for firm competitiveness and market positioning.

SBA Announces 2024 Growth Accelerator Fund Competition Stage One Winners, up to $3 Million in Prizes Awarded

The U.S. Small Business Administration (SBA) has announced the 2024 Growth Accelerator Fund Competition (GAFC) Stage One winners. Each received $50,000 in prize awards for impactful and inclusive approaches to foster a thriving, collaborative national innovation support ecosystem to advance small business R&D. The SBA press release announcing the winners stated that “GAFC Stage One winners are organizations with ecosystem-building activities, including recruitment of new partners and strengthening existing alliances among stakeholders (including public, private, nonprofit, and academic partners), that aligned their submission with one of the following GAFC Theme Areas” of national and economic security; domestic manufacturing and production; and, sustainability and biotechnology.

CHIPS program suspends plans for R&D facilities program; other R&D programs unaffected

The Commerce Department has suspended plans to announce a funding opportunity for the construction, modernization, or expansion of commercial semiconductor R&D facilities, according to an announcement the CHIPS Program Office made in their newsletter last week. The suspension does not impact the $11 billion the CHIPS Program Office still plans to spend on semiconductor R&D through separate R&D programs, nor does it affect the awards for incentive program funding opportunities already announced.

Innovation landscapes: The effect of public science on corporate R&D

Federally funded basic research conducted at American universities grew steadily from about $10 billion in 1991 to just under $50 billion in 2020 (in constant 2022 dollars). And since the passage of the Bayh-Dole Act in 1980, universities have played an increasing role in the patenting and commercialization of their discoveries. Patents to US universities increased from 440 in 1981 to 8706 in 2020. U.S. universities licensed or optioned more than 10,000 patented inventions to the private sector in 2020. How does this large taxpayer investment in public science and the inventions that result from it affect corporate research and development?

Useful Stats: Microbusinesses executed $6.1 billion of domestic R&D in 2021

In 2021, U.S. microbusinesses reported $8.1 billion in research and development (R&D) expenditures, of which the microbusinesses themselves performed 75% ($6.1 billion) The $6.1 billion in microbusiness-performed R&D represents an increase of 9% over the prior year and 17% since 2019. Microbusinesses are those with nine or fewer employees.

Useful Stats: Higher Education R&D by State and Institution

The United States is home to some of the world's most prestigious universities, each performing critical research that helps advance the country’s innovation economy. However, these universities are not evenly distributed across the country; many are concentrated within large cities in states where their spillover further impacts the local economies.

Useful Stats: HERD expenditures by R&D field and source of funds

Research and Development (R&D) is an essential component of innovation and economic growth, where higher education institutions play a key role. However, with these institutions being responsible for funding just a quarter of all HERD expenditures, it is important to see the influence of outside funding sources on the fields of R&D. For example, Health and Human Services (HHS) has long been the largest contributor of funding into higher education R&D, which is reflected in life sciences being the R&D field with the most significant funding levels.

Useful Stats: Higher Education R&D expenditures near $100 billion in FY 2022

Institutions of higher education spent $97.8 billion on research and development (R&D) activities in fiscal year (FY) 2022, an increase of nearly 9% over the prior year’s $89.8 billion. Over the past decade of available data, from FY 2013-2022, higher education R&D expenditures have increased 46%, from $67.1 to $97.8 billion. However, when adjusted for inflation, the growth is more modest at 17%.

Useful Stats: R&D in nonmanufacturing industries closing gap with manufacturing industries, SSTI analysis of NSF data finds

The 2021 BERD dataset reveals the highest level of business R&D spending on record. Since 2015, R&D expenditures have increased by 69% from $356 to $602 billion, representing an average annual growth of $41 billion or 9%. But what industries are contributing the most to this trend? The growth of business R&D in nonmanufacturing industries has far outpaced that of manufacturing industries since 2016, with an average growth of 15% per annum, compared to 6% for manufacturing industries. Nonmanufacturing R&D expenditures have been driven by massive increases in the information sector, among other industries, while chemicals—specifically pharmaceuticals and medicines—have led manufacturing. While nonmanufacturing industries have higher growth rates in their R&D expenditures, they still lag behind manufacturing industries in actual expenditures, but the gap is rapidly closing.


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