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Efforts underway in the states to capitalize on CHIPS funding

Thursday, September 8, 2022

With President Biden’s signing the CHIPS and Science Act on Aug. 9, states and universities are already making plans to build on the funding opportunities present in the legislation.

  • Read more about Efforts underway in the states to capitalize on CHIPS funding

Pennsylvania economy gets big boost from Ben Franklin Technology Partners

Thursday, April 27, 2023

Despite being hit with a recession brought on by the COVID-19 pandemic, the latest 5-year impact report from Ben Franklin Technology Partners (BFTP) shows even higher growth than the previous five years.

  • Read more about Pennsylvania economy gets big boost from Ben Franklin Technology Partners

Pennsylvania governor awards $246 million for small businesses through SSBCI

Thursday, September 15, 2022

Gov. Tom Wolf awarded $246.8 million to Pennsylvania local economic development partners through the State Small Business Credit Initiative (SSBCI) this week. The money is expected to help small, socially and economically disadvantaged businesses grow. The Pennsylvania Department of community and Economic Development (DCED) will distribute the funds to partners who will administer the funding to qualifying businesses.

  • Read more about Pennsylvania governor awards $246 million for small businesses through SSBCI

21 Build Back Better Regional Challenge winners announced

Thursday, September 8, 2022

In what is being heralded as one of the most impactful regional economic development initiatives in decades, 21 coalition winners — including three SSTI members as coalition leads — of the $1 billion Build Back Better Regional Challenge have been announced. Each of the awardees will receive between $25 million and $65 million to fund 123 projects designed to advance economies across 24 states.

  • Read more about 21 Build Back Better Regional Challenge winners announced

NSF’s Regional Innovation Engines program releases info on all concept outlines, sets Type-2 award deadlines

Thursday, July 28, 2022

The National Science Foundation (NSF) is breaking with tradition this week and for the first time released application data before it formally accepts applications for the NSF Engines program, which will provide up to $160 million of funding for up to 10+ years to establish each regional-scale innovation ecosystem Engine.

  • Read more about NSF’s Regional Innovation Engines program releases info on all concept outlines, sets Type-2 award deadlines

NSF launches Regional Innovation Engines program developed to stimulate regional economic growth and innovation

Thursday, May 5, 2022

To expand the innovation capacity in the nation, the United States needs to leverage resources, creativity, and ingenuity from across all geographic regions. The National Science Foundation this week announced a new program in support of these efforts: the NSF Regional Innovation Engines, or NSF Engines program.

  • Read more about NSF launches Regional Innovation Engines program developed to stimulate regional economic growth and innovation

SSTI partners with NSF to bring you latest in funding, entrepreneurial support

Thursday, August 15, 2019

We are excited to be partnering with NSF during SSTI’s Annual Conference, Sept.9 through 11 in Providence, Rhode Island, to bring you the latest information and ideas on SBIR/STTR and university/industry partnerships.

  • Read more about SSTI partners with NSF to bring you latest in funding, entrepreneurial support

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Recent news from the SSTI Digest

Universities as architects of regional innovation ecosystems

Wednesday, July 8, 2026
Ask most university leaders how their institution contributes to the regional economy and the answer is likely to include research expenditures, patents, startups, and jobs. Those measures remain important, but they overlook one of the university's most valuable contributions. In today’s economy, where innovation, talent, and technology shape how regions grow, universities are helping communities adapt, connect, and compete.
regionalism
innovation

TBED programs succeed by engaging with local communities

Wednesday, July 8, 2026
When a new TBED project comes to town, the TBED practitioners inside know the long-term benefits of technology-based economic development: they can see and understand their progress in building a strong economic foundation for their host region. But for community-based and workforce development organizations and K-12 education systems in the surrounding area, the TBED project might appear to be an opaque operation that operates independently of its neighbors.
tbed

What to expect when you’re expecting (investment returns)

Wednesday, July 8, 2026
Following SSTI’s recent look at the timing and type of exits, we continue our look at investment activity to characterize returns on investments so that TBED investors can more accurately project and adjust program parameters to support long-term sustainability. Accurate data on venture capital investment returns and fund performance on private investment vehicles is not readily or consistently available. Anecdotal stories  and the occasional press release on a major transaction exist, but VC exits are often done quietly. As such, parties interested in understanding performance outcomes must rely on focused reports and other aggregate data. 
investing
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