SSTI Digest

According to the Philadelphia Business Journal, Pennsylvania Gov. Tom Corbett has signed off on the creation of a new program, InnovatePA, which will auction off $100 million in tax credits to generate state revenue that will be invested in the funding of tech and biotech startups.

The state auction will sell off deferred insurance-premium tax credits to insurance companies that pay Pennsylvania's insurance-premium tax. The sale is expected to generate at least $75 million in funds, with credits not being sold below 70 percent of their face value.

Insurance companies that purchase the credits would be able to claim up to $20 million annually beginning in 2017, with unused credits expiring in 2026. The annual cap will limit state spending while making up-front investments in high-tech businesses that create jobs and boost regional economic development.

A three-year effort to implement an SBIR state matching funds program gained enough traction this legislative session to win support from Rhode Island lawmakers. The measure was spearheaded by a group of leaders from 24 life science companies who advocated for a statewide program to encourage small business R&D and commercialization. Lawmakers appropriated $500,000 for the effort in FY14. Adding a workforce development component to the measure, a new bioscience and engineering internship also will be established to enhance the state's talent pipeline.

Avoiding redundancy and enhancing the efficiency and effectiveness of outdated programs are some of the major goals for governors in California and North Carolina seeking a new approach to job creation. Both proposals involve an overhaul to established economic development efforts.

As part of his May revision to the FY14 budget, California Gov. Jerry Brown proposed redirecting $750 million annually from the state's decades-old Enterprise Zone program to establish three new tax incentive programs to be administered by the Governor's Office of Business and Economic Development:

Indiana Gov. Mike Pence has announced details of a realignment of the state's services for small business owners and entrepreneurs through the establishment of a new Office of Small Business and Entrepreneurship (OSBE). The office will incorporate the Indiana Small Business Development Center, the Procurement Technical Assistance Centers and several small business specialty programs. OSBE will offer business consulting, as well as bringing together universities, private sector businesses and government stakeholders. Read the announcement...

The National Institute of Standards and Technology (NIST) is soliciting public comments on the establishment of a federally funded research and development center (FFRDC) related to integrated cybersecurity tools and technologies. Comments should address how the FFRDC would perform its three primary responsibilities: research, development, engineering and technical support; program/project management; and, facilities management. A Request for Proposals (RFP) from organizations to establish and operate the proposed FFRDC will be released later this summer.

Check out SSTI's new website for our 17th Annual Conference in Portland, OR, September 15-17! Get details about the conference, including the preliminary schedule, and register at our discount rate. Since our first conference in 1996, SSTI's annual conference has grown to become the nation's largest gathering of those working to encourage economic growth through science, technology and innovation.

Dynamic Innovation Ecosystems: Bringing It All Together, SSTI's 17th Annual Conference, is focused not only on the key elements required for a dynamic innovation ecosystem — higher education, commercializing research, innovation capital, workforce, and manufacturing — but also on how to bring those elements together.

Don't miss this two-day event with three plenary sessions, sixteen breakout sessions, two networking receptions, three workshops, and much much more. Visit the site today!

Industry support for additive manufacturing is exploding as startups find new ways to market the technology to businesses. States and universities are taking advantage of this growing trend to form partnerships with companies that support the lean innovation approach is driving the 3D printing renaissance.

The Wall Street Journal reports that Stratasys, a major 3D printing company that focuses on additive manufacturing, acquired MakerBot in a deal worth $403 million in stock. MakerBot, which specializes in the production of consumer 3D printers, will retain its brand and operate as a subsidiary. The move positions Stratasys to push for broader adoption of 3D printing across industries. MakerBot has sold 22,000 3D printers since 2009, but because of rapid market growth, half of those sales have come in the past 9 months. This has propelled the company's stock to rise 76 percent over the past 12 months.

Since the beginning of the year, several new partnerships have been launched that are intended to support research collaboration, enhance student-employer relationships and increase overall university-industry engagement. These partnerships focus on creating a more expedited, user-friendly process for industry to partner with universities.

Recently, Motorola Mobility's Advanced Technology and Projects (ATAP) announced a new collaboration agreement with eight U.S. research universities. By reducing the time and complexity needed to establish new research projects through the use of common strategies and terms, the Multi-University Research Agreement (MURA) is intended to streamline the generation of new joint research projects and increase cooperation on the development of fundamental new mobile technologies. This single, universal agreement allows ATAP to easily engage in a spectrum of research efforts with these universities and reduce the time it takes for sponsored research agreements to be established from several months to less than 30 days.

Businesses and entrepreneurs seeking commercializable technologies now have a powerful tool to locate inventions developed at federal labs. The Federal Laboratory Consortium for Technology Transfer first introduced its Available Technologies search engine last fall, but now has upgraded the tool with a Google-powered search and user profiles. Users now can create more specific search queries, which can be saved for repeated use. Access the search engine...

This week, President Obama released details of a climate action blueprint that incorporates preparation for future natural disasters as a major component of the plan. Most of the domestic aspects of the plan are to be implemented by executive order, avoiding the complications of the legislative process. Though much of the blueprint centers on the strengthening of American infrastructure, the improvement of the electrical grid and ambitious renewable energy standards, the plan also includes a few mentions of increased federal support for technology development and commercialization.

The three pillars of the administration's climate action plan include: cutting carbon pollution in America; preparing the United States for the impacts of climate change; and, leading international efforts to combat global climate change and prepare for its impacts. With two of the three pillars explicitly targeting preparation for severe weather caused by climate change and post-disaster relief, the plan reflects a shift in focus for the administration from renewable energy development and deployment to infrastructure improvement.

Over the last week, several states have announced/passed new programs focused on increasing the capital available to spur small business growth and innovation. Officials from New Jersey announced the state's new angel tax credit will take effect July 1. In Arizona and Wisconsin two bills await gubernatorial approval that would rework the Arizona R&D tax credit program and establish a $75 million venture capital fund in Wisconsin. Meanwhile, the Minnesota state legislature did not approve an additional $5 million for its popular Small Business Investment Tax Credit.

For several states, this year's legislative session resulted in continued austerity toward new investments and level funding for established tech-based initiatives producing good results. Workforce initiatives seemed to be the exception, garnering greater attention from state leaders eager to boost employment numbers — especially in high-tech fields. While the existence of a STEM worker shortage has been a hotly debated topic among policy groups (see the May 22, 2013 issue of the Digest), some state leaders, including lawmakers in California, Indiana and Michigan, have prioritized high-tech job training to produce more skilled workers through increased funding for new or established programs in the recently enacted budgets.