RIS

8 things to know from the FY 2020 budget

Congress is expected to pass the FY 2020 budget this week, and as anticipated, the bills include billions in new appropriations. Innovation policy priorities, such as Regional Innovation Strategies, Manufacturing Extension Partnership, and NSF, did well in the final budget. Here are the top things to know about innovation initiatives in the final budget.

1. Regional Innovation Strategies receives $33 million

Defense bill extends Regional Innovation Strategies, Manufacturing USA

This year’s national defense authorization act (NDAA) includes extensions of the Regional Innovation Strategies (RIS) program and Manufacturing USA. The House and Senate have passed the FY 2020 legislation, which authorizes up to $738 billion in appropriations and sets policy for a wide range of defense-related activities. The NDAA is one of the few bills that passes Congress each year.

Federal innovation policy at the recess — what has moved in Congress and what may happen in the fall

The 116th Congress has already advanced policies to affect regional innovation economies, and much more is poised to happen once both chambers return in September. In addition to completing the FY 2019 budget (see our Feb. coverage), this session has seen Regional Innovation Strategies legislation pass the House and Senate (albeit in different bills); the Senate working toward an overhaul of the Small Business Administration; and, the start of the FY 2020 budget process.

Senate approved revamped Regional Innovation Strategies as part of defense bill

Thanks to leadership by Senators Jerry Moran (R-Kan.) and Chris Coons (D-Del.), the Senate approved a revamped authorization of the Regional Innovation Strategies program (RIS) as part of its National Defense Authorization Act for FY 2020 (NDAA). The bill would extend the program’s funding authority to $50 million per year through FY 2024.

Dozens of organizations state support for Regional Innovation Strategies

More than 50 current and former program awardees, along with 11 tech-based economic development-focused organizations led by SSTI have signed letters supporting the Regional Innovation Strategies program at EDA. Since 2014, when the program first received funding, EDA has funded 180 projects across nearly every state, D.C., and Puerto Rico. In FY 2019, Congress appropriated $23.5 million. These projects have supported specific regional activities, including mission-focused seed investing in Kansas, maritime tech demonstrations in Washington, and incubator services in Florida.

Regional Innovation Strategies deadline April 4

EDA is currently soliciting proposals for $23.5 million in Regional Innovation Strategies (i6 Challenge and Seed Fund Support), and submissions are due April 4. For those looking for more information, EDA’s website contains profiles of all past awardees, and SSTI has a collection of past webinars, including the informational webinar for the current opportunity.

EDA opens 2019 Regional Innovation funding cycle

The Economic Development Administration is now accepting applications for the Regional Innovation Strategies program through April 4. Funding is available through the i6 Challenge, focused on transforming innovations into products and services, and Seed Fund Support, to help expand the availability of investment capital for startups. SSTI will again be hosting an informational webinar with EDA — see details and register below.

Regional Innovation Strategies program FY 2019 informational webinar
Tuesday, Feb. 12 @ 2 P.M. EST

Startup Act reintroduced, would expand federal innovation support

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.

Commerce announces $21 million in new Regional Innovation Strategies awards

At SSTI's 2018 Annual Conference this week, the U.S. Department of Commerce announced 40 awardees for $21 million in the latest round of the Regional Innovation Strategies program. The program which makes grants for the i6 Challenge and Seed Fund Support, has now provided $78 million to 180 projects across 46 states, DC and Puerto Rico.

Congratulations to SSTI members: Ben Franklin Technology Partners, Excell Partners, Kansas State University, Launch New York, Launch Place, Massachusetts Life Sciences Center, New Jersey Innovation Institute, Research Foundation for SUNY, University of Michigan, University of Missouri, and VilCap on their awards.

Commentary: Making the most of federal funds for regional innovation

At the end of this month, applications are due for two of the federal government’s most notable programs for funding clusters and regional innovation initiatives: the SBA’s Regional Innovation Clusters (RIC) program and the EDA’s Regional Innovation Strategies (RIS) program. As practitioners develop their proposals for these programs, it is worth considering potential lessons learned from the successes of previous awardees and the major challenges they have faced.

Pages

Subscribe to RSS - RIS