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Good Jobs Challenge $25M funding opportunity released

Thursday, August 1, 2024

The U.S. Department of Commerce has announced a new $25 million Good Jobs Challenge Notice of Funding Opportunity for investment in high-quality, locally led workforce training programs that lead to good jobs.

  • Read more about Good Jobs Challenge $25M funding opportunity released

Newly reestablished NACIE charged with producing three moonshots

Thursday, July 28, 2022

U.S. Secretary of Commerce Gina M.

  • Read more about Newly reestablished NACIE charged with producing three moonshots

Senate approves new $10 billion program for regional technology hubs

Thursday, June 10, 2021

This week, the Senate passed the U.S. Innovation and Competition Act, a legislative package that includes the Endless Frontier Act. The tech-based economic development community should be excited about many initiatives authorized in the bill, including $10 billion for regional technology hubs, $100 billion in new R&D-related activities, and an expansion of the Manufacturing Extension Partnership program.

  • Read more about Senate approves new $10 billion program for regional technology hubs

Commerce announces $21 million in new Regional Innovation Strategies awards

Thursday, December 6, 2018

At SSTI's 2018 Annual Conference this week, the U.S. Department of Commerce announced 40 awardees for $21 million in the latest round of the Regional Innovation Strategies program. The program which makes grants for the i6 Challenge and Seed Fund Support, has now provided $78 million to 180 projects across 46 states, DC and Puerto Rico.

At SSTI's 2018 Annual Conference this week, the U.S. Department of Commerce announced 40 awardees for $21 million in the latest round of the Regional Innovation Strategies program. The program which makes grants for the i6 Challenge and Seed Fund Support, has now provided $78 million to 180 projects across 46 states, DC and Puerto Rico.

Congratulations to SSTI members: Ben Franklin Technology Partners, Excell Partners, Kansas State University, Launch New York, Launch Place, Massachusetts Life Sciences Center, New Jersey Innovation Institute, Research Foundation for SUNY, University of Michigan, University of Missouri, and VilCap on their awards.

  • Read more about Commerce announces $21 million in new Regional Innovation Strategies awards

Four ways the White House reorganization plan could affect American innovation

Thursday, June 28, 2018

The White House Office of Management and Budget released Delivering Government Solutions in the 21st Century, a plan for reorganizing federal agencies. On topics related to innovation, the wide-ranging plan would make changes to education, workforce, economic development, small business and more. Some of the suggestions could advance with administrative actions only, while many will require congressional support.

  • Read more about Four ways the White House reorganization plan could affect American innovation

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Recent news from the SSTI Digest

Differences in industry concentrations of VDO and VC investments

Wednesday, August 26, 2026
Data reveal that policymakers should not equate strong Venture Development Organizations (VDOs) with private venture capital companies; the purpose of creating public policy to increase the availability of innovation-centered risk capital can be lost if one presumes VCs and VDOs are the same. While there are many similarities between individual VDOs and VC funds, important differences in industry concentration emerge when the two groups are compared in aggregate, which may result in different long-term economic impacts.  Effective VDOs are important drivers of regional innovation and of pushing emerging tech businesses forward. VC, on the other hand, can play an extractive role, particularly in markets with scarce equity finance options.
venture capital
venture dev orgs

What could a “new golden age” of science mean for research and commercialization?

Wednesday, August 26, 2026
SSTI’s recent TBED Community of Practice webinar took up a practical question raised by the White House Office of Science and Technology Policy report, Science: A New Golden Age: if federal science policy shifts, what changes will universities, commercialization, and regional innovation organizations need to make? The presentation outlined a research system that could look considerably different from the one that has developed since Vannevar Bush’s Science, the Endless Frontier.
research
commercialization
TBED

New federal rules, both proposed and finalized, will impact small businesses

Thursday, August 27, 2026
A recent flurry of new rules, both proposed and finalized, may interest small business owners or those who advise them. The U.S. Small Business Administration (SBA) has proposed two new rules. The first, Revised Size Standards Methodology, will update SBA’s methodology for determining which businesses qualify as “small.” The second, on Small Business Size Standards, would consolidate the number of industry-specific size standards and raise size standard thresholds. 
small business
SBA
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