tbed

TBED service portfolio approach builds private innovation financing market

The launch of a new private equity firm in central Ohio is a reminder of the continuing ripple effects of a decades-long strategy of cultivating an innovation system. If the State of Ohio hadn’t created and provided sustained funding over decades for its integrated array of technology-based economic development programs, the founders of a newly launched private equity firm wouldn’t be in the position now to commit to helping more mid-market companies succeed in central Ohio.

TBED Community of Practice webinar: SBA’s Growth Accelerator Fund Competition in action

January 22, 2025, at 2:00 PM ET | Zoom

Considering applying for the SBA’s Growth Accelerator Fund Competition? Join our TBED Community of Practice webinar as three past winners walk us through their projects from initial concept to current status. Learn what motivated them to apply, see how they put the funding to work and hear their advice for future applicants. Whether you’re planning to apply for the 2025 competition or exploring funding opportunities to support your TBED projects, come learn how these organizations transformed their initial ideas into lasting community impacts.

Featured organizations:
·        The Florida High Tech Corridor
·        FuzeHub
·        Startup Tucson

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.

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.

An Earth Day item on TBED financial investment strategies

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

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.