As the water crisis in Flint, MI, continues to capture headlines, details on potential relief efforts are beginning to emerge. In January, President Obama granted $5 million in emergency funding to address the crisis, while the state has approved $67 million in funding since October.
More and more established companies are trying to keep pace with technological changes by increasing their presence in the startup community. Although some companies choose to locate divisions such as software in places like the Bay Area, others are taking a more hands-on approach. Corporate accelerators function as startup accelerators that receive significant and public support from established firms such as financial investments, privileged access to resources, official endorsements by the corporation, as well as continued organizational ties.
The Energy Department’s National Renewable Energy Laboratory (NREL) will administer two new initiatives to bring clean energy technologies to market. Lab-Corps, a $2.3 million pilot program, will build on the National Science Foundation’s iCorps model to accelerate the development of cleantech discoveries and train lab researchers.
In a recent Pacific Institute and Vox Global survey, about 80 percent of U.S. companies reported that water availability has become an issue for their business, particularly among firms in the South and Southwestern regions of the country. About 63 percent said water issues would affect their future location decisions, and more than half reported that they expected water scarcity to impact their growth and profitability over the next five years.
Montana’s new business plan commissioned by Gov. Steve Bullock outlines five overarching themes, described as pillars, with specific goals, objectives and tasks for diversifying the state’s economy. Encouraging innovation and supporting emerging industries is the focus of one pillar, with recommendations for strengthening the role of universities, establishing funding streams for entrepreneurs, and developing a network of statewide business mentors. The Main Street Montana Project was lead by two top business leaders in the state to ensure private sector buy-in, according to the governor.
JPMorgan Chase & Co recently announced details of a new five-year, $250 million global initiative to address the global skills gap in high-tech industries. The New Skills at Work initiative will help generate accurate data on employer demand at the regional level, and assist workforce training groups in developing effective programs to meet those demands. Operations will focus on major U.S. and European cities, staring with Chicago, Columbus, Dallas, Detroit, Houston, Los Angeles, Miami, New York, the San Francisco Bay area and London.
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.
A public-private investment of $1.5 billion to create a nanotech hub in upstate New York and a $250,000 educational investment in Illinois illustrate recent state efforts to elevate nanotechnology in workforce development. New York is putting $200 million toward the Nano Utica facility for purchasing new equipment. The initiative is being led by six global technology companies, and the facility will serve as a cleanroom and research hub for computer chip packaging and lithography development and commercialization.
Google recently designated seven local entrepreneurial support organizations as the inaugural members of its new Tech Hub network. These organizations will receive financial support, technical content, business tools, and infrastructure upgrades, to support increasing demand from software developers and startups. Google’s announcement notes that these specific organizations were chosen because of their innovative approaches to launching businesses and their success in creating jobs in their respective communities.
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.
Recent announcements of new and emerging technology incubators range from Google's selection of Cape Town, South Africa to launch a pilot incubator supporting technology entrepreneurs that it hopes to replicate globally to Alabama Gov. Robert Bentley's plan to create a statewide business incubator focusing on workforce training. Select announcements from across the globe are highlighted below.
In 2010, almost one-quarter of every dollar spent on R&D by U.S. businesses was spent in the state of California, according to data from the National Science Foundation. Together, the top seven states for business R&D spending (California, New Jersey, Texas, Massachusetts, Washington, Illinois and Michigan) were host to almost 53 percent of private research investment.
A new program that builds upon the successes of North Dakota's Centers of Excellence and Research Excellence programs will fund up to half of the cost of R&D and commercialization projects conducted by the state's research universities. Under Research North Dakota (RND), the development and commercialization of new products will be achieved on a project-by-project basis and state funds will be matched with private-sector cash investment.
Dun & Bradstreet Credibility Corp. (Dun & Bradstreet) announced the launch of the Entrepreneurial Growth Initiative, a program that will sponsor business plan competitions at universities and colleges across the nation. The top place teams in both undergraduate and graduate programs will receive an award — including Dun & Bradstreet's suite of products — to help their enterprises establish and build business credit. Dun & Bradstreet also will donate discounted products and services to students, staff and alumni at participating schools.