tbed

Maximizing visibility: leveraging impact reports for TBED success

Are you tired of your organization's impact going unnoticed? Join our webinar to discover how to use compelling, attention-grabbing impact reports to tell your success stories in a way that resonates with funders, media, and the public. You’ll hear from three types of organizations with three very different funding models.

Tech Equity in Action report provides insights for TBED practitioners incorporating inclusion into economic programs

Despite recent attacks on affirmative action and diversity, equity, and inclusion, the TBED community continues to work toward broadening participation in innovation driven growth. This continuing attention may be attributable—as stated in the recently released report Tech Equity in Action—to the practical knowledge among TBED practitioners that “(e)fforts to grow local economies are hampered when sizable portions of the population are left out of this high-growth sector.” The report, published by the New Growth Innovation Network (NGIN), provides practical advice for TBED professionals who want to continue to ensure their projects are equitable and inclusive.

TBED COP Webinar: Immigration pathways for TBED

July 25 at 3pm ET | Free

New Resource: Video provides insight into EDA’s Economic Adjustment Assistance Funds

SSTI has released a new video in our Federal Funding Video Library featuring Trent Thompson, economic development representative with the Economic Development Administration’s Denver Regional Office. In this interview, we discuss how EDA’s Economic Adjustment Assistance (EAA) funds can be leveraged to support technology-based economic development (TBED) activities. The interview provides practical advice on the application process, examples of previously funded TBED projects, and strategies for aligning these funds with your region’s needs.

TBED COP Webinar: How ecosystem mapping can aid your region

May 21, 2024, 3:00 p.m. ET

An Earth Day item on TBED financial investment strategies

Which should be more valuable for an economic development minded investment program?

  • Company A, which yields a 2x return on investment and has a technology that reduces carbon emissions and energy use,
  • Company B, which returns 12x to investors through an impressive IPO but contributes more to climate change, or
  • Company C, which returns 3x and the climate impacts of its technology and production process aren’t as easily measured so remain unknown.

TBED Community of Practice looks at methods to measure the success of state lab-to-market initiatives

Two senior leaders of state programs designed to help commercialize new intellectual property joined a TBED CoP webinar last week to discuss how they determine whether those initiatives are successful. John Hardin, executive director of the Office of Science, Technology & Innovation at the NC Department of Commerce, described the One NC Small Business Program and the evaluation process the office performs each year. They use surveys of award recipients and econometric analysis to demonstrate the program’s effectiveness. Vinit Nijhawan, managing director, MassVentures, discussed the START program targeted at deep tech companies and Catalyst grants, which support clean tech startup companies. Both programs have been shown to assist companies with commercialization activities. More than 100 attendees participated in the webinar, which generated many practical questions (and thoughtful answers) about how methods used in North Carolina and Massachusetts may be transferable to other states. The presentation and recording are available here.

New Resource: A primer of Appalachian Regional Commission’s funding opportunities

Many federal funding programs have the potential to support technology-based economic development (TBED) initiatives, even when technology and innovation aren’t their explicit focus. This is the case with the Appalachian Regional Commission (ARC). SSTI recently sat down with Christy Johnson, ARC program analyst, to learn how three of ARC’s funding opportunities can support TBED activities in the Appalachian region.

Funding for tech-based economic development in the federal FY 2024 budget

Editor’s note (April 4, 2024): This article has been updated to reflect relevant programs included in the second of two FY 2024 omnibus appropriations bills.

TBED community shares benefits, challenges of using Salesforce for grant management and reporting

In a webinar last week, staff from BioSTL and SSTI shared their organizations’ use of Salesforce for grant management and reporting. It facilitated a lively discussion among the more than 100 attendees about technical and practical challenges and solutions for the platform. The presentation and recording are now available here. In a poll last year, participants in the Tech-based Economic Development (TBED) Community of Practice identified Salesforce as the most commonly used customer management system (CMS) in the field (followed by Excel and with HubSpot and Microsoft Dynamics as other common solutions). SSTI previously shared a demonstration of AirTable’s use for managing TBED initiatives and seeks organizations willing to discuss other platforms. To volunteer your experience or to get more information about the TBED Community of Practice, contact tbedcop@ssti.org.

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