Around the World in TBED
The United Kingdom (UK) recently announced that it will petition the European Commission, the European Union’s executive body, for permission to increase the size of tax relief for social investments that address significant social issues. In the U.S., Georgetown University and Portland State University recently announced new initiatives to promote innovation that will address social issues. These universities join a growing number of institutions of higher education that are working to grow domestic social innovation, train a generation of social entrepreneurship and spur social impact investing.
US educational attainment and employment-ratios fall behind international counterparts
In 2000, the United States was among the global leaders in educational attainment, boasting the third-highest percentage of its 25- to-64-year-old population with a postsecondary degree across the 38 Organization for Economic Co-operation and Development (OECD) nations. However, over the past two decades, the U.S. has gradually slipped in the rankings, falling to ninth place by 2022 even as the percentage of the population with a postsecondary degree increased from 36% to 50%.
Has the U.S. lost its luster in the eyes of international students?
The United States has been the top destination for those looking to study abroad for decades. Before the onset of the pandemic, over a million students flocked from abroad to attend U.S.-based universities. Now, having dropped by 15% at the onset of the pandemic, international student enrollment is beginning to recover. Despite this recovery, the U.S. is losing market share to countries like Australia, Canada, and the United Kingdom resulting in negative economic consequences.
MoU hopes to accelerate battery manufacturing in the US
An MOU between the Korean Institute for Advancement of Technology, the Korean Battery Industry Association, the Korean Electronics Technology Institute, and the NAATBatt Association, aims to bring Korean battery manufacturers to the U.S.
ITIF report finds Germany outscoring US, Italy, and Canada in Innovation Competitiveness
A report from ITIF exploring the factors involved in ecosystem strength found that states in Germany generally perform better than states in the U.S., Italy, and Canada in terms of globalization, knowledge economy, and innovation capacity.
The US lags behind other top countries in its proportion of manufacturing value added to GDP, World Bank data reveals
Manufacturing in the U.S. accounts for 90% of private-sector R&D, employs 80% of the nation’s engineers, and contributes trillions to the economy—according to Deloitte—with every dollar spent in manufacturing leading to an additional $1.81 added to the economy. However, despite its key importance, the U.S.
Japan to propose $88B university fund for science and technology innovation
Last week, Japanese Prime Minister Fumio Kishida’s advisory panel called for an $88 billion university fund to establish the nation as a center of science and technology and distribute wealth to the wider public.
European Commission group suggests ways to maximize the impact of EU research and innovation programs
The European Union is engaged in a debate about changing its systems for R&D funding, the first potentially significant changes since its current framework program began in 1984. A group of 15 individuals from research and industry selected by the European Commission last year has submitted a report, Align, act, accelerate, which gives recommendations for overhauling the system.
Global competition intensifies for US research talent amid funding uncertainty
As U.S. research institutions face funding uncertainty, countries and universities worldwide are launching initiatives to lure away our scientific talent:
As U.S. research institutions face funding uncertainty, countries and universities worldwide are launching initiatives to lure away our scientific talent:
- Twelve EU countries signed a letter calling for dedicated funding and an immigration framework in the next EU budget. Individual countries are taking separate actions.
- Belgium’s Vrije Universiteit Brussel has allocated €2.5 million ($2.7 million) for 12 postdoctoral fellowships specifically targeting American researchers through its European Marie Skłodowska-Curie program.