Arkansas’s economic recovery strategy has wider applicability
Whether or not your state embraced strict measures in an attempt to reduce virus spread, the current pandemic has created the need for reflection and revision of how each of us go about our lives. The same opportunity has arisen for the public and private sectors to rethink how they engage in many core functions.
Useful Stats: New utility and plant patents by state, 2016-2020
This edition of Useful Stats explores data from the U.S. Patent and Trade Office (USPTO) on new utility and plant patents granted in the U.S. by state/territory for the five-year period from 2016 to 2020. This analysis includes only utility and plant patents as these types are those associated with the invention of new products and services, and excludes reissued patents and those issued for purely aesthetic designs.
This edition of Useful Stats explores data from the U.S. Patent and Trade Office (USPTO) on new utility and plant patents granted in the U.S. by state/territory for the five-year period from 2016 to 2020. This analysis includes only utility and plant patents as these types are those associated with the invention of new products and services, and excludes reissued patents and those issued for purely aesthetic designs.
State patent activity is a good indicator of the health of local innovation economies. Patents for innovative products and processes are issued to inventors across academia, industry, and the public sector, and the number of these new patents issued in states over time can provide insights into the strengths of these sectors and how well they are collectively able to bring innovative technologies out of the lab and, potentially, to market. Understanding this patent activity can help program and policy designers in local innovation economies in evaluating, enhancing, and developing their initiatives.
Treasury awards $1.25 billion to CDFIs; $9.4M for those certified as VC funds
Earlier this week, the U.S. Treasury’s Community Development Financial Institutions (CDFI) Fund announced $1.25 billion in coronavirus-related “rapid response” funding to 863 CDFIs. Among the recipients were SSTI members Launch NY and Vermont Sustainable Jobs Fund.
STEM degrees can increase pay, but do not guarantee STEM employment after graduation
Students who earn bachelor’s degrees in science, technology, engineering, and math fields (STEM) are more likely than not to see an increase in pay; however, it is far from guaranteed that their post-graduation employment will be within a STEM-related sector.
DOE seeking manufacturing productivity proposals, feedback on barriers to funding
The U.S. Department of Energy is seeking public feedback on the current barriers and actions needed to make its funding opportunities and innovation and entrepreneurship activities more inclusive, just and equitable, and, in a separate effort, it is seeking input on improving productivity and efficiency of the manufacturing sector through a $4.8 million request for proposals.
DOE awards $9.5 million to support clean energy innovation, commercialization
The U.S. Department of Energy (DOE) has announced that 10 accelerators and incubators across the country have been awarded $9.5 million in total funding through the Energy Program for Innovation Clusters (EPIC) to help develop pipelines for energy technology to reach the market.
NYC investing $1B in life sciences
New York City Mayor Bill de Blasio has announced that the city is planning to double its $500 million investment in the LifeSci NYC commitment, to reach a total of $1 billion invested in life sciences over the next 10 years.
Recent Research: Examining effective policies to support high-risk/high-reward research
High-risk/high-reward research can yield breakthroughs, produce new technologies, and allow the surrounding region to remain economically relevant. However, the scientific community remains concerned that research and development-focused policies, both in the U.S. and elsewhere, continue to be conservative with their goals by only encouraging incremental growth that can yield tangible results in shorter amounts of time. These concerns, and potential policy solutions, are explored in a recently published research paper by the Organization for Economic Cooperation and Development (OECD).
Recommendations outlined for building better supply chains, revitalizing manufacturing and fostering broad-based growth
The White House has released reviews from the Departments of Commerce, Energy, Defense, and Health and Human Services in response to the president’s Executive Order on “America’s Supply Chains.” Vulnerabilities in supply chains were assessed in four key product areas: semiconductor manufacturing and advanced packaging; large capacity batteries; critical mineral and materials; and, pharmaceuticals and advanced pharm
New Manufacturing USA Technology Roadmap grant competition announced
The National Institute of Standards and Technology (NIST) has announced a new competition for awards to support industry-driven consortia in developing technology roadmaps that will address high-priority research challenges to grow the advanced manufacturing sector in the U.S. and is inviting applications to its Manufacturing USA Technology Roadmap (MfgTech) grants program.
Useful Stats: Higher ed spring term enrollment estimates by state, 2019-2021
Enrollment in the nation’s institutions of higher education is an important indicator of the knowledge capital available to local innovation economies. This edition of Useful Stats explores enrollment data from the recently updated National Student Clearinghouse Research Center (NSCRC) report , Current Term Enrollment Estimates, covering spring term enrollment trends at degree-granting institutions of higher education.
Want companies that have higher long-term job stickiness, survival rates and sales? If so, read this
Regardless of the approach used, the goal of every economic development program in the country is to create economic opportunity within a specific geographic area.
Regardless of the approach used, the goal of every economic development program in the country is to create economic opportunity within a specific geographic area. If more local, state and federal policy makers and practitioners were aware that empirical research has revealed certain types of companies were 235 percent better than others at maintaining long-term job “stickiness,” would we shift more resources and priorities in their direction? Would knowing these same companies also were shown to be more profitable, had higher sales, and had greater survival rates than others help persuade skeptics? Should more companies with these business models be part of your region’s portfolio of innovation-based firms?
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.
Report outlines steps for US to improve its competitiveness in basic energy sciences
The supremacy of the U.S. research enterprise has been eroding, particularly challenged by China and other Asian countries, and a new draft report from the Basic Energy Sciences Advisory Committee (BESAC) at the Department of Energy (DOE) concludes that U.S. leadership in basic energy sciences will continue to diminish without intervention.
The supremacy of the U.S. research enterprise has been eroding, particularly challenged by China and other Asian countries, and a new draft report from the Basic Energy Sciences Advisory Committee (BESAC) at the Department of Energy (DOE) concludes that U.S. leadership in basic energy sciences will continue to diminish without intervention. Specifically, the report finds that to stay internationally competitive in basic energy sciences the U.S. must: increase total funding for R&D, spanning from basic and fundamental research to experimental development; focus multi-disciplinary research on several key areas of energy sciences; increase the nation’s ability to attract and retain the world’s top scientists and engineers; and, facilitate interactions among basic, applied, and industrial researchers to accelerate the translation of research into socially beneficial technologies.
DOE seeks input on creation of new Clean Energy Manufacturing Institute
The U.S. Department of Energy announced a request for information (RFI) to help inform the creation of a new Clean Energy Manufacturing Institute focused on industrial decarbonization.
The U.S. Department of Energy announced a request for information (RFI) to help inform the creation of a new Clean Energy Manufacturing Institute focused on industrial decarbonization. Released by DOE’s Office of Energy Efficiency and Renewable Energy (EERE), the RFI seeks input from stakeholders in identifying key opportunities to decarbonize energy-intensive sectors across America’s economy through public-private collaboration.
Defense department launches Centers of Excellence at 2 HBCUs
The U.S. Department of Defense (DoD), through the Office of the Under Secretary of Defense for Research and Engineering (OUSD(R&E)), announced awards totaling $15 million for Historically Black Colleges and Universities (HBCUs) to establish Centers of Excellence (COEs) in Biotechnology and Materials Science.
The U.S. Department of Defense (DoD), through the Office of the Under Secretary of Defense for Research and Engineering (OUSD(R&E)), announced awards totaling $15 million for Historically Black Colleges and Universities (HBCUs) to establish Centers of Excellence (COEs) in Biotechnology and Materials Science. The COEs will provide training to underrepresented students pursuing science, technology, engineering, and mathematics (STEM) disciplines, and will also provide internships at defense laboratories while also offering training to K-12 students to strengthen the talent pool entering the STEM pipeline.
DOC seeking NACIE applicants
The U.S. Department of Commerce is seeking applicants for the National Advisory Council on Innovation and Entrepreneurship (NACIE). NACIE advises the U.S.
The U.S. Department of Commerce is seeking applicants for the National Advisory Council on Innovation and Entrepreneurship (NACIE). NACIE advises the U.S. Secretary of Commerce on matters related to accelerating innovation and entrepreneurship, advancing the commercialization of research and development, promoting workforce development, and other related matters. NACIE is managed by the Economic Development Administration’s (EDA) Office of Innovation and Entrepreneurship. Members will be selected based on their ability to advise the secretary on matters relating to the acceleration of innovation and the support for and expansion of entrepreneurship, and will serve for two years.
EPSCoR stakeholder community invited to comment on future direction
The Committee on the Future of NSF EPSCoR (NSF's Established Program to Stimulate Competitive Research) requests input from the broad EPSCoR stakeholder community on EPSCoR’s investment strategies and opportunities for increased success. The committee was convened as part of a year-long visioning activity to guide the program.
The Committee on the Future of NSF EPSCoR (NSF's Established Program to Stimulate Competitive Research) requests input from the broad EPSCoR stakeholder community on EPSCoR’s investment strategies and opportunities for increased success. The committee was convened as part of a year-long visioning activity to guide the program. The visioning process will help determine the effectiveness of EPSCoR’s current investment strategies, as well as help consider novel strategies or changes to the current strategies that would enable NSF EPSCoR and its jurisdictional partners achieve its mission more effectively.
CDFI awards $5 billion in New Markets Tax Credits
The Community Development Financial Institutions Fund of the U.S. Department of Treasury awarded 100 community development entities (CDEs) $5 billion in New Market Tax Credits (NMTC) earlier this month. The purpose of this tax credit program is to stimulate investment and create jobs in low-income urban and rural communities that would benefit from economic revitalization — especially amid the financial hardships caused by the COVID-19 pandemic.
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.
23 global cities, 58 million people to benefit from $2B UrbanShift program
The United Nations Environmental Programme (UNEP) and its partners announced that they will provide at least $1.8 billion in funding and financing to 23 more cities across nine countries to implement integrated development approaches to improve efficiency, inclusivity and resilience against climate change.