Throughout the United States, policymakers continuously call on entrepreneurs to be an important cog in the economic engine. One of the key barriers to entrepreneurship, however, has grown largely as a result of state policies: burdensome student loan debt. In the United States, the total amount of student debt is estimated at $1.2 trillion, a record high, according to the Consumer Financial Protection Bureau.
In order to build a prosperous, globally competitive economy in Louisiana, state universities must take on a greater role as hubs of regional innovation, according to a report from the Public Affairs Research (PAR) Council of Louisiana. The report includes 46 recommendations to transform the state's economy by revamping existing innovation programs, and boosting university research. PAR's strategic plan is based on a review of innovation policies in other states, particularly Georgia and the work of the Georgia Research Alliance.
Working groups at The Association of Public and Land-grant Universities (APLU) and The Association of American Universities (AAU), two membership organizations of higher education institutions, have released statements on the role of universities in managing intellectual property and technology transfer alongside their core missions and interest in maximizing public benefit.
Earlier this year, the University of Washington (UW) relaunched its technology commercialization office as CoMotion, an entrepreneurial hub and makerspace. In doing so, UW joined a growing number of universities that have opened up their technology transfer operations to approaches inspired by the tech startup scene. The transformations of the University of Pennsylvania, Wake Forest, Tufts University and UCLA recently were profiled in Nature Biotechnology.
Over the last couple months, the San Francisco-based Uber, a mobile-app-based transportation network, announced partnerships with institutions of higher education in the Northeast. In February, Uber and Carnegie Mellon University (CMU) launched a strategic partnership that includes the launch of the Uber Advanced Technologies Center, a Pittsburgh-based research laboratory to advance Uber’s mission of bringing safe, reliable transportation to everyone, everywhere.
The Bill and Melinda Gates Foundation is relaunching its advocacy agenda to create a more flexible, personalized, affordable and clear U.S. postsecondary education system. At the center of this agenda will be an effort to collect better metrics on student and institutional performance and to extend finance and financial aid options for lower income students.
One hundred Twenty-five impact investors worldwide reported plans to increase impact investing commitments by 19 percent in 2014, from 10.6 billion in 2013 to 12.7 billion in 2014, according to a J.P. Morgan-Global Impact Investing Network (GIIN) info brief – Impactbase Snapshot: An Analysis of 300+ Impact Investing Funds. The report provides an overview of over 300 funds operating across three key themes: geographic focus, asset class type, and target impact theme.
The Signature Report, an annual report on college completion conducted by researchers at the National Student Clearinghouse Research Center and Indiana University’s Project on Academic Success, identifies six-year student success outcomes and college completion rates by state for the cohort that began post-secondary education in fall 2008.
The National Science Foundation (NSF) was appropriated $7.2 billion in FY14 (not including mandatory accounts) of which over $6.8 billion (nearly 95 percent of NSF’s total appropriations) was used to support research and education awards. Over 1,800 institutions of higher education and other organizations received funding from NSF including 11,000 competitively reviewed awards according to a report released by the NSF. Other highlights include:
Underrepresented minorities' share of Science and Engineering (S&E) bachelor's and master's degrees has been rising since 1993, but their share of doctorates in these fields has flattened at about 7 percent from 2002 to 2012, according to the National Science Foundation’s (NSF) Women, Minorities, and Persons with Disabilities in Science and Engineering: 2015 report.