New program seeks to boost Minnesota’s innovation economy
Funds for entrepreneurial training, technical assistance with R&D, and matching grants for innovative small businesses are among the items now part of Minnesota’s economic development toolkit thanks to new funding in the state’s recently signed FY 2020 biennial budget. Under the approved budget, Launch Minnesota will receive $2.5 million in each of the next two fiscal years to support innovation and entrepreneurship. Originally called the Minnesota Innovation Collaborative in Gov. Tim Walz’s proposed budget, the suite of Launch Minnesota programs will be administered by the state’s Department of Employment and Economic Development. The program includes four types of grants: funds for universities and nonprofits offering entrepreneurial training; funds for startups in need of R&D and other types of technical assistance; funds to alleviate housing and/or childcare expenses for entrepreneurs; and, matching funds for SBIR/STTR Phase II awardees. Read more | 
New seed fund launched to expand early-stage funding opportunities outside Boston metro area
The Massachusetts Life Sciences Center (MLSC) plans to launch a seed fund to support the development of life sciences startups outside of the Greater Boston area. These areas, many already rich in major research university and medical center anchor institutions, should be bolstered by this early-stage funding currently concentrated in Boston. Read more
New program supports additive manufacturing in US Army
A new program designed to support additive manufacturing (AM) technology insertion into the existing U.S. Army supply chain could also grow the southwestern Pennsylvania manufacturing sector. Catalyst Connection, in partnership with the National Center for Defense Manufacturing and Machining (NCDMM) and America Makes, launched AMNOW, a potentially multi-phase, multi-year contract funded by the U.S. Army Combat Capabilities Development Command (CCDC) under the U.S. Army Futures Command. Catalyst Connection President and CEO Petra Mitchell said in a statement that the program “signifies a tremendous regional economic growth opportunity for small-to medium-sized manufactures within the SWPA region.” Read more
Adults without degrees can benefit from certificates
While higher education remains a viable path to economic advancement, adults without a postsecondary degree are increasingly benefitting from non-degree certificates and certifications, according to a recent report. As automation and technological advances demand more skills from workers in the changing economy, Strada Education Network and Lumina Foundation partnered to determine the value and impact of the growing number of non-degree credentials. They found that certificates and certifications can stand as a beneficial stand-alone credential, leading to higher full-time employment rates and annual incomes, although the findings vary among occupations and there are gender gaps across all occupations. Read more
Young innovators turn to nature for inspiration, invention
For passive control of tidal electricity systems, permeable courtyard tiles, and fog water collection units, three winning teams of middle school and high school innovators looked to cucumber seeds, plants from the yam family and Namib beetles, respectively. The three projects were among the six selected for recognition out of 78 participating in the 2019 Biomimicry Youth Design Challenge. Biomimicry approaches sustainable innovation by looking first to nature to find proven competencies — patterns and strategies in the systems vernacular — for dealing with similar challenges. The resulting innovations often draw models for adaptation or replication from unexpected aspects or elements of nature. Read more
New grant program started to help tech transfer
The New Mexico Economic Development Department is launching a new grant program to facilitate the transfer and commercialization of technologies developed in New Mexico national labs and universities to business startups. The New Mexico Technology Transfer Assistance Grants (NM-TAG) are designed to help offset the risk associated with licensing new technologies and assist the transfer and deployment of new innovative technologies. Read more
Recent Research
Incentives and State Fiscal Health
A recent paper published by SSRN provides a detailed look at the relationship between financial incentives and state fiscal health. The authors control for many potentially-related factors and still find significant, negative impacts of incentives. While the study helps fuel calls for critical analysis and careful implementation of tax incentives, the results may not be as clear cut as some coverage may suggest. Read more
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