funding

Inaugural Open-Source Ecosystems awards announced on eve of next competition deadline

On the closing days of the previous federal fiscal year and with an Oct. 21 deadline looming for new proposals, the National Science Foundation announced the first 24 awards for a new program to support “Pathways to Enable Open-Source Ecosystems” (OSE). NSF’s goal is to exploit the advantages of using open-source development to find technological solutions to problems of national and societal importance.

Gender and racial makeup of startup's founding team impacts funding

A recent report by DocSend Inc., a subsidiary of DropBox, surveyed over 300 pre-seed startups, finding that on average, in terms of gender alone, mixed teams raise the most funds, while all-male teams raise the least. In terms of both gender and race, on average, mixed gendered teams with minority members raise the most funds while all-male teams with no minority members raise the least.

Pennsylvania governor awards $246 million for small businesses through SSBCI

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.

21 Build Back Better Regional Challenge winners announced

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.