SSTI Digest
NIST Releases $70M National Manufacturing Institute FFA, First NNMI Reports Released
The National Institute of Standards and Technology (NIST) released a new Federal Funding Announcement (FFA) to award its first national manufacturing innovation institute (NMII). Proposers may solicit a new NMII on any advanced manufacturing technology focus area not already addressed by another institute or competition. NIST intends to make one award in the form of a cooperative agreement that will provide up to $70 million in federal support over a five-year period – NIST requires the awardee match federal funds with equal funding from non-federal sources. The solicitation is open to U.S.-owned entities organized and operated in the United States including U.S. states, local governments, institutions of higher education, nonprofit and for-profit organizations. Applications must be submitted by July 22, 2016.
Useful Stats: Share of U.S. Venture Capital Activity and Per Capita Investment by State, 2010-2015
More than three-quarters of U.S. venture capital dollars went to companies in California, New York and Massachusetts in 2015, according to data from the PricewaterhouseCoopers (PwC)/National Venture Capital Association (NVCA) Moneytree Report. California companies received over 57 percent of all U.S. investment, about 0.5 percent down from the state’s peak in 2014. Both New York and Massachusetts received about 10 percent of U.S. dollars. Washington, the state with the fourth highest share, trailed far behind at 2.1 percent. California and Massachusetts also both led in venture capital dollars per capita, taking in about $860 and $841 per resident, respectively. Massachusetts continues to lead the nation in deals per capita, with about 6.5 per 100,000 residents.
NSF Announces Funding to Establish, Sustain I-Corps Nodes
The National Science Foundation (NSF) released a solicitation to establish and sustain Innovation Corps (I-Corps) Nodes as part of I-Corps’ National Innovation Network that builds upon fundamental research to guide the output of scientific discoveries closer to the development of technologies, products, processes and services that benefit society. NSF will commit up to $8.5 million to support seven I-Corps Nodes to foster understanding on how to:
- Identify, develop and support promising ideas that can generate value;
- Create and implement tools, resources and training activities;
- Gather, analyze, evaluate and utilize the data and insight resulting from the experiences of those participating in regional programs; and,
- Share and leverage effective innovation practices on a national scale.
Eligibility is restricted to institutions of higher education including community colleges as well as other nonprofit organizations. NSF requires that potential applicants submit a letter of intent by March 10. Read the FOA…
TBED Around the World: Governments Launch Startup Investment Funds to Spur Innovation, Prosperity
In the last month, several international countries and Hong Kong have made significant monetary contributions to establish investment funds that will make strategic investments in their country’s startups. These investment funds have a two-fold focus. First, they want to help provide early stage capital to companies that have the potential to spur economic prosperity within their borders. Second, they want to help make their companies more appealing to foreign investors.
Hong Kong
In January, Hong Kong’ s chief executive Leung Chun-ying announced the launch of a new $2 billion HKD (256.9 million USD) innovation and technology venture fund during a policy address. The fund will focus on making strategic investments to grow Hong Kong-based startup ventures with the intent of increasing funding from private venture funds through a matching process.
Govs Focus on Education in AL, LA, OK, PA, TN Budget Proposals
SSTI’s analysis of gubernatorial addresses, strategic plans and budget proposals continues this week with highlights from Alabama, Louisiana, Oklahoma, Pennsylvania and Tennessee. Governors are facing difficult fiscal situations in several of these states, often scaling back tech-based economic development efforts. Tennessee Gov. Bill Haslam, however, is using a fiscal surplus to invest in higher education and regionally focused economic initiatives.
Alabama
Useful Stats: Venture Capital Investment Per Capita by Metro, 2015
Despite a small decrease in venture capital deals last year, the San Francisco-Oakland-Fremont metropolitan area remains the most active investment regions on a per capita basis, according to data from the PricewaterhouseCoopers (PwC)/National Venture Capital Association (NVCA) MoneyTree Report. San Francisco led all other MSAs in both total dollars and per capita activity, with its $21 billion in 2015 investment averaging about $4,500 per metro resident. NVCA notes that 133 metros were home to deals in 2015, an encouraging sign that opportunities are opening up in areas outside of the known hotspots.
San Francisco continues to be the U.S. VC metro by a large margin, but several other areas stand out from the pack. In San Jose- Sunnyvale-Santa Clara, the per capita average was around $3,200 per resident, and in third-ranked Boston, that figure was around $1,200. No other cities achieved per capita average over $1,000, though on a total dollars basis, New York and Los Angeles had similar levels of activity to San Jose and Boston.
CBPP Report: State Job Creation Strategies Often Misguided
State economic development policies that focus on deep income tax cuts or tax breaks to lure companies from other states ignore fundamental data points about job creation, and as a result are more likely to fail, according to a recently released report from the Center on Budget and Policy Priorities. While alluding to the importance of encouraging entrepreneurship and firm survival more broadly, the authors also argue that public investments should be targeted at helping build a skilled workforce and improve the quality of life for residents.
Written by Michael Mazerov and Michael Leachman, two researchers from the Center on Budget and Policy Priorities, State Job Creation Strategies Often Off Base uses data from new databases developed by the federal government to track the job-creation record of specific businesses of various sizes and ages over time to shape their argument. The authors use this data to detail two fundamental points about job creation that are critical to their argument.
DOE Issues Call to Help Commercialize Energy Technologies From National Labs
The U.S. Department of Energy’s (DOE) Office of Technology Transitions (OTT) announced that it will commit up to $20 million for the first round of the DOE’s Technology Commercialization Fund (TCF) – a matching fund that helps bring promising energy technologies developed at DOE-funded national laboratories to market. In addition to helping advance promising energy related technologies with commercial potential, the TFC is intended to strengthen partnerships between the national labs and private-sector companies that can deploy energy technologies to the marketplace.
Highlights from the President's FY17 Department of Health and Human Services Budget Request
Enacted FY16 funding levels are used for comparisons unless otherwise noted.
The administration’s FY17 budget request for the Department of Health and Human Services (HHS) is $82.8 billion in discretionary spending, reflecting a 0.8 percent decrease from FY16 enacted funding levels. Discretionary spending accounts for only 7.5 percent of the total proposed HHS budget. Mandatory spending for programs like Medicare, Medicaid and the Children’s Health Insurance Program account for the balance. Total FY17 budget authority for HHS would be $1.2 trillion (3 percent increase over FY16 enacted).
Highlights from the President's FY17 Department of Education Budget Request
Enacted FY16 funding is used for comparisons, unless otherwise noted.
The president’s FY17 proposed budget would allocate $69.4 billion in discretionary funding (1.6 percent increase) for the Department of Education. Priority areas addressed in the budget proposal include increasing equity and excellence in education, providing additional support for teachers and school leaders, and expanding access, affordability, and completion in higher education.
To support high-quality early learning, the president’s proposed budget includes $1.3 billion in mandatory funding to launch the 10-year, $75 billion Preschool for All program, which guarantees universal preschool access to every 4-year-old from low- and moderate-income families and creates incentives for states to serve additional children from middle-class families. The most notable of the president’s proposed funds for higher education are around the America’s College Promise Initiative, which would allocate $1.3 billion in FY17 to support 2 years of community college free for responsible students.
Highlights from the President's FY17 National Science Foundation Budget Request
Estimated FY16 funding levels are used for NSF comparisons, unless otherwise noted.
The president’s FY17 budget proposal for the National Science Foundation (NSF) would provide $7.6 billion (1.2 percent increase) in discretionary funding in addition to $400 million in new mandatory funding. Of that amount, $6.1 billion (0.8 percent increase) would be designated for research and related activities, $193.1 million (3.6 percent decrease) for R&D facilities and equipment, and $898.9 million (2.1 percent increase) for education and training. The president’s budget proposes 11 priority goals to:
Highlights from the President's FY17 Department of Labor Budget Request
Enacted FY16 funding is used for comparisons unless otherwise noted.
The president’s FY17 budget proposal would provide $12.8 billion in discretionary funding for the Department of Labor (DOL), a 4.9 percent increase from FY16. Priority items supported in the budget are apprenticeships, career navigation tools, and additional reforms recommended in the Workforce Innovation and Opportunity Act (WIOA).
Under the proposed FY17 budget, WIOA Formula Grants to states and localities providing training and employment services would be funded at $2.8 billion (5 percent increase), the first time since the law’s enactment that these grants would be funded at their full authorized level.