SSTI Digest

In partnership with several major pharmaceutical companies, the United Kingdom’s (UK) Secretary of Health Jeremy Hunt announced the creation of the $100 million Dementia Discovery Fund. The UK government-led venture fund will support innovative research across the globe to help find new ways to prevent and treat dementia and Alzheimer’s disease. Private sector partners that already have agreed to invest in the project include Biogen, GlaxoSmithKline, Johnson & Johnson, Lilly and Pfizer. One of the UK’s largest Alzheimer’s-focused foundations, Alzheimer’s Research UK, also will commit funding to support the development pioneering new drugs to treat the condition. Read the press release…

This week, the White House released details on its ninth planned institute within the National Network for Manufacturing Innovation. The Department of Defense will award $75 million for a new manufacturing hub focused on Revolutionary Fibers and Textiles. Regional manufacturers, universities and nonprofits will soon be invited to compete for the funds, which require a 1:1 cost share. The institute will be the sixth funded through the Defense Department. Three others have received support through the Department of Energy. Read details...

This week, the Obama administration launched TechHire, a new, multi-sector initiative that seeks to educate workers through universities, community colleges, high-quality online courses, and other nontraditional approaches like “coding bootcamps,” with many programs not requiring a four-year degree. To support the program, the administration and the Department of Labor are creating a $100 million H-1B grant competition that funds innovative approaches to training and employing low-skilled individuals with training barriers, such as those with child care responsibilities, disabilities, limited English proficiency, among others.  More than twenty communities throughout the country have committed to using data and innovative hiring practices to expand openness to non-traditional hiring, expand models for training that prepare students in a faster timeframe, and build local strategies and partnerships to better connect people to jobs as part of the TechHire initiative.

The National Science Foundation (NSF), the National Institute of Standards and Technology (NIST) and the Department of Energy (DOE) far outpace their peer agencies in patenting output per dollar, according to a new study by Battelle's Technology Partnership Practice. Research funded by the National Institutes of Health (NIH), the focus of the study, generated one patent for every $16.9 million invested by the federal government between 2000-2013. Some NIH institutes had an even higher rate of patent generation, with the National Institute of Biomedical Imaging and Bioengineering (NBIB) producing a patent for every $4 million invested.

Last week, Johns Hopkins University released an action plan to cultivate and support a culture of innovation and entrepreneurship throughout the university and the Baltimore region. The implementation plan, which represents $40 million in new university investments in innovation initiatives over five years, is a response to the 22 specific recommendations for university innovation included in a May 2014 innovation report. The initiatives included in the implementation plan will be carried out by Johns Hopkins Technology Ventures, a new organization that encompasses technology licensing, corporate and industry relations, and FastForward, the university’s business accelerators.

Read the press release here…

The Bill and Melinda Gates Foundation is relaunching its advocacy agenda to create a more flexible, personalized, affordable and clear U.S. postsecondary education system. At the center of this agenda will be an effort to collect better metrics on student and institutional performance and to extend finance and financial aid options for lower income students. The foundation plans to advocate for these priorities at the federal and state level, with particular focus on policies in 10 select states: California, Florida, Georgia, Kentucky, New York, North Carolina, Ohio, Tennessee, Texas and Washington.

One hundred Twenty-five  impact investors worldwide reported plans to increase impact investing commitments by 19 percent in 2014, from 10.6 billion in 2013 to 12.7 billion in 2014, according to a J.P. Morgan-Global Impact Investing Network (GIIN) info brief – Impactbase Snapshot: An Analysis of 300+ Impact Investing Funds. The report provides an overview of over 300 funds operating across three key themes: geographic focus, asset class type, and target impact theme. The data for this study was collected from ImpactBase platform – an online database of over 300 social impact investment (SII) funds. Key statistics include:

There are 11 primary barriers to the adoption of additive manufacturing by tech entrepreneurs and small high-growth firms, according to a new report from the Small Business Administration’s (SBA) Office of Advocacy. These 11 barriers were identified via surveys and interviews with entrepreneurs, private industry and other participants. In addition to identifying the 11 barriers, respondents also provide best practices or recent activities around each of the identified barriers. The report also includes big ideas and recommendations for programs and policies that the federal government should consider adopting to overcome these barriers. In addition, the general recommendations include federal agency-funded, additive manufacturing pilot programs and better coordination of federal innovation initiatives. Read the report…

While manufacturing has never been more important to the American economy, many manufacturers report that they are unable to fill positions requiring skilled workers, according to the latest report from the National Academy of Engineering. At the same time, workers and students often find it difficult to navigate the web of certifications, degrees and experience levels necessary to claim these jobs. The authors provide a number of recommendations for federal, state and local agencies, as well as employers, universities and community colleges, to build pathways to manufacturing employment.

As firms around the world continue to seek funding outside of traditional sources of capital, it has become increasingly difficult to track these emerging markets. That’s why in November the University of Cambridge and the professional services organization EY launched the European Alternative Finance Benchmarking Survey with the support of other major European industry associations, the largest study to-date on crowdfunding, peer-to-peer lending, and other forms of alternative finance in Europe. The study, which opened in late November 2014 and ran until early January 2015, ultimately received input from 255 crowdfunding or peer-to-peer lending platforms across 28 European countries. Highlights from the first year of the research study include:

Several governors released their proposed budgets over the last two weeks, and while some states continue to deal with budget shortfalls that prevent many new initiatives from coming into fruition, governors in Pennsylvania and North Carolina included numerous proposals focused on innovation and economic development. Additionally, governors in Louisiana and Massachusetts highlighted new workforce development proposals. 

Pennsylvania

SSTI's Tech Talkin' Govs series has returned as governors across the country formally convene 2015 legislative sessions. The series highlights new and expanded TBED proposals from governors' State of the State, Budget and Inaugural addresses.

The final installment of this year’s series includes excerpts from speeches delivered in Alabama, Florida, Ohio, Pennsylvania and Texas. Read the first, second, third, fourth and fifth installments of this year’s series.