SSTI Digest

University-industry collaborations need a paradigm shift from the traditional one-way knowledge transfer model to a two-way knowledge co-creation model, according to a new report from the Big Innovation Centre (BIC) — Collaborate to Innovate. The authors propose that a shift toward a knowledge co-creation paradigm focused on holistic relationships between university and industry, specifically small- and medium-sized businesses (SMEs), will have more significant economic and societal impacts than the traditional one-way knowledge transfer that relies primarily on patents, licensing and startup formation. Although focused on the innovation ecosystem in the UK, the paper addresses four universally important questions on how to achieve successful university-business collaborations via a co-creation model:

In the evolving American economy, TBED is increasingly looked to as a potential driver of inclusive competitiveness, expanding and deepening economic opportunity for communities that suffer from poverty and unemployment. The Regional Federal Reserve Banks have been leading efforts to study the linkages between economic and community development and this week hosted a Connecting Communities webinar on Redefining the Rust Belt: The Role of Anchor Institutions and the Arts.

With bright colors, interesting graphics, and intuitive navigation, the new look of Connecticut Innovations (CI) captures attention. The launch of CI's new brand identity, complete with an updated message platform and logo, hopes to better reflect the organization's mission and promote their resources to attract entrepreneurs. The new website highlights services offered by the three entities under CI's umbrella, including the merger with the Connecticut Development Authority in 2012 and the Small Business Innovation Group in 2009. Companies and investors are provided information on the Resources page, including articles, case studies and stats. Several educational features such as videos, webinars and podcasts are planned for a later launch. Explore the website...

A growing number of states and localities, stymied by conventional budgetary processes, are seeking financial support for economic development initiatives through alternative means, according to a new report from the Brookings Institution. Many regions are instead turning to legislative referendums and citizen-driven ballot initiatives to support large-scale economic initiatives. Authors Jessica A. Lee, Mark Muro and Bruce Katz offer several recent examples of state innovation, education and infrastructure projects funded through ballot measures. The researchers only recommend this approach in cases where traditional funding mechanisms have failed.

North Carolina is rich in resources to support a thriving innovation ecosystem. But despite its strengths, several factors are preventing the state from reaching its full potential to fuel and sustain strong economic growth. These and other findings are outlined in a recent report tracking the state's performance in 38 measures related to innovation assets, activities and trends. The fourth in a series of indexes produced over the past 13 years, the report benchmarks North Carolina with six key comparison states, the U.S. overall and leading countries. Findings indicate the state excels at academic R&D, but lags in business-led R&D. Additionally, the state's high-tech sectors have wages well above the U.S. average, but a large share of the state's industries and employment not high-tech in nature. Recommended actions to improve the state's standing are detailed in the report, Tracking Innovation: North Carolina Innovation Index.

New York City Deputy Mayor Robert Steel announced that it will establish a new $100 million venture fund for life sciences research according to Crain's New York. The city will invest an initial $10 million to establish the new biotech venture fund. The city already has an additional $40 million pledged from private-sector partners — Celgene, GE Ventures and Eli Lilly & Co. The city currently is seeking to partner with a venture-capital firm to manage the fund and invest at least $50 million to the fund. The proposed fund would help launch between 15 to 20 life sciences companies by 2020.

U.S. spending on higher education research and development (R&D) declined in FY12 (after adjustments for inflation) for the first time in almost 40 years, according to data from the National Science Foundation (NSF). The decrease marks the end of a period of modest growth since 2009 in which R&D expenditures increased at an average of five percent each year. While data on higher education R&D spending by state is not yet available for FY12, NSF has released state data through FY11, including expenditures by funding source

U.S. higher education R&D spending totaled $65.8 billion in FY12, up from $65.3 billion in FY11 without adjustment for inflation. In constant dollars, however, this modest increase amounts to a 1.1 percent decline, according to NSF.

The federal, cross-agency Experimental Program to Stimulate Competitive Research (EPSCoR) has proven so invaluable to developing STEM expertise across the country that the word "experimental" should be removed from its name, according to a comprehensive new report from the National Academies. The academies, however, recommend that the program be restructured to create a more rigorous competitive process for research projects and improve project evaluation. Download the report...

The U.S. Economic Development Administration (EDA) has announced a new competition to reward communities demonstrating best practices in attracting and expanding manufacturing. EDA will offer the competition as part of its Investing in Manufacturing Communities Partnership (IMCP), which helps support comprehensive, integrated efforts to boost manufacturing and jobs. EDA plans to publish a Federal Register notice on Tuesday, December 10, seeking applications for regions to be designated one of up to 12 manufacturing communities. The communities will be eligible for an array of cross-agency federal assistance totaling $1.3 billion. More information on the IMCP next Tuesday...

The National Science and Technology Council has released a new draft strategic plan for the National Nanotechnology Initiative (NNI). NNI, launched in 2001, is a cross-agency initiative to coordinate regulatory and research policies to advance nanotech innovation. The previous plan was released in 2011. NNI is seeking input on its strategic goals, particularly the research challenges addressed by its Nanotechnology Signature Initiatives. The plan is open for public comment through December 18. Download the plan...

Eager to attract investment and spur startup activity, city and state officials launched entrepreneurship programs, high-tech R&D centers, and sector-specific facilities as part of the innovation hub trend in 2013.

Research suggests that cities and regions with strong, established tech sectors tend to produce more startups. For example, a white paper from the Kauffman Foundation found the recent adoption of entrepreneurship programs in many cities is more an indication of the underlying strength of the region and its base of talent on which those programs can build rather than a cause of startup activity.

In the latest of a series of announcements outlining MA Gov. Deval Patrick's spending strategy for the coming year, the governor has released his administration's FY14 Capital Investment plan, including details on economic development and education funding. As released, the plan would fund the Governor's Life Sciences capital program at $62.6 million, $13.4 million for the MA Broadband Institute program, $10 million to expand high-speed broadband in unserved areas, and $56.2 million for the state's public infrastructure funding program. STEM education programs also would receive enhanced funding, as outlined in the governor's recently released STEM strategic plan (see the November 12 issue). Another $4 million would support early education and afterschool programs through the new Early Education and Out of School Time Capital Fund. Read the announcement...