EDA launches $2 million STEM Talent Challenge
The U.S. Economic Development Administration (EDA) has launched the FY 2021 $2 million STEM Talent Challenge to support programs to train science, technology, engineering, and math (STEM) talent and fuel regional innovation economies across the nation.
SSTI provides brief on SSBCI
The American Rescue Plan Act provides $10 billion for the State Small Business Credit Initiative (SSBCI) as part of the national response to the coronavirus pandemic-induced recession. This funding is unlike other small business assistance programs funded during the emergency so far in that SSBCI specifically provides funds to states — at least $56 million per state — to use for their own capital access initiatives, including programs that make investments in small businesses.
House outlines multi-billion-dollar investment in science, innovation (updated)
Editor’s note, Sept. 16: This article has been updated to include additional science- and innovation-related funding proposals announced as the House continues its work on the reconciliation bill.
Editor’s note, Sept. 16: This article has been updated to include additional science- and innovation-related funding proposals announced as the House continues its work on the reconciliation bill.
Committees have marked up their drafts for the $3.5 trillion reconciliation bill, and the proposals include multiple, significant investments that could strengthen regional innovation economies. This article identifies more than $85 billion in potential innovation-focused spending without including much of the legislation’s potential R&D investments. Among the latest items are an additional $4 billion for Regional Technology Hubs and a manufacturing-focused $1 billion for the State Small Business Credit Initiative. These add to the previously-announced $5 billion for Regional Technology Hubs, nearly $3 billion to support incubators and accelerators, and dramatic increases in tuition support for higher education. Further action is required in the House and Senate before final funding is approved.
2020 Halo Report: Total angel investment up, but diversity sees decrease
Despite the pandemic and economic downturn of 2020, the amount of money invested by angel investors increased more than 6 percent over 2019, according to the 2020 Halo Report, an annual report on angel investments primarily within the United States released collaboratively by the Angel Resource Institute and Pitchbook. The report provides financial metrics on seed and Series A angel investments with key insights into regional differences, while offering an analysis on the demographic trends among the CEOs of companies at these stages.
MBDA awards $3.7M in grants for specialty centers with emphasis on manufacturing
The U.S. Department of Commerce’s Minority Business Development Agency (MBDA) awarded $3.7 million total in federal funding across nine grant recipients to establish MBDA Advanced Manufacturing Centers, Export Centers, and a Federal Procurement Center.
NSF establishes new I-Corps Hubs to advance National Innovation Network
NSF announced five new multi-institution I-Corps Hubs to deliver entrepreneurship training to academic researchers and scale the National Innovation Network. Each hub is funded at $3 million per year for five years and comprises a regional alliance of at least eight universities. The hubs are intended to offer a more integrated approach than the previous I-Corps Nodes and I-Corps Sites, which were funded separately. The new model will provide increase funding and enable scaling I-Corps across the country.
Biden administration releases R&D priorities memo for FY 2023 budget
The Executive Office of the President released its first research and development memo at the end of August for fiscal year 2023. The memo is intended to provide instructions to agencies about the administration's priorities for R&D spending and activities, which should then be reflected in budget requests and agency activities. It highlights the research and development goals of the Biden administration in areas such as pandemic readiness, climate change mitigation, emerging technology, national security, public trust in STEM, and diversity and equity.
SSTI Annual Conference moving to spring 2022
In addition to the information we share through our in-person gatherings, one of the key elements of our conferences has always been the connections we make, both old and new. We always strive to bring you the best possible experience at our Annual Conference, and we know from your feedback that being able to meet in-person and network is something you value as highly as we do. As an organization with science at its core, we've been following where the science leads us throughout the pandemic. With the high level of contagion of the delta variant and the CDC's guidance that vaccinated people wear masks indoors in areas with significant and high spread, we've come to the conclusion that it is best for us to postpone our Annual Conference until spring of 2022.
People
Bill Badger announced he will resign as president and CEO of the Anne Arundel County Economic Development Corp. to take an executive position with M&T Bank.
People
Roger Biagi was named to the newly created position of director of government relations at the New York State Office of Science, Technology and Academic Research.
People
The North Carolina Solar Center promoted Steve Kalland to the position of executive director.
People
Thomas Persons Sr., president and CEO of the South Carolina Technology Alliance, was appointed to the newly created South Carolina Venture Capital Authority.
People
Toucan Capital announced the appointment of Dr. Phillip Singerman as a new Venture Partner.
Fully-Funded MEP in FY05?
The roller coaster ride that represents Washington's manufacturing policies and fiscal investments took a turn that was welcomed by MEP supporters when the House subcommittee for Commerce, Justice, and State appropriations last week decided to fund the Manufacturing Extension Partnership at $106 million in fiscal year 2005.
AMA Calls for Gov't Registry of All U.S. Clinical Trials
Many states and communities across the country want to be leaders in the much anticipated bio-based economic boom. Even more companies are hoping to create the next great multi-billion-dollar pill. For a few firms, that push for profits may be too great, replacing the original focus on human health or environmental issues.
Commission Offers Guidelines to Strengthen European Research
Scientific research, technological development and innovation are the heart of a knowledge-based economy, and in order to strengthen this sector in Europe, the European Union’s (EU) research budget needs to be doubled, according to a new plan released by the Commission of The European Communities.
Virginia Launches $12M Rural Broadband Initiative
One of the more interesting uses of funds from the national tobacco settlement with the states, Virginia officials announced a $12 million economic development and broadband technology infrastructure initiative to serve more than 25 towns, cities and counties of rural Virginia.
Tech Council News
Convergence Group Formed in Silicon Valley
S&T Job Opportunities
Two new posting were added to SSTI's online Job Corner this week. Brief descriptions are provided below. More information is available at: http://www.ssti.org/posting.htm
People
Former Michigan Governor John Engler, also chairman of SSTI's Board of Directors, has been chosen to serve as president and CEO of the National Association of Manufacturers. He will assume his new position on Oct. 1, 2004.
People
Former Michigan Governor John Engler, also chairman of SSTI's Board of Directors, has been chosen to serve as president and CEO of the National Association of Manufacturers. He will assume his new position on Oct. 1, 2004.
People
Georgia Department of Industry, Trade and Tourism commissioner W. Glenn Cornell has announced his retirement, effective June 30. Craig Lesser is Gov. Sonny Perdue's recommendation as Cornell's successor.
People
Brian Mefford will assume the position of president and CEO of Kentucky's Center for Information Technology Enterprise.
Bachelor’s degrees are no longer required for many jobs
Bachelor’s degrees are no longer required for many jobs
2023 was a watershed moment in the history of the bachelor’s degree. Against a backdrop of a historically tight labor market, persistent talent shortages, and rising skepticism of the value of higher education, numerous state governments and major corporations dropped college degree requirements for many of their jobs.
An overview of bachelor’s and STEM degrees awarded by field, 1970-2017
The landscape of American higher education has transformed dramatically since Harvard’s founding in 1636. What began as a handful of institutions primarily focused on training clergymen in the American colonies has expanded into a vast and diverse system of colleges and universities. Today, students pursue degrees across a wide and ever-growing range of fields.