$2.8B announced for manufacturing EV batteries and grid
In a move to strengthen the domestic manufacturing of batteries for electric vehicles (EVs), the U.S. Department of Energy (DOE), announced $2.8 billion for 20 companies in 12 states to extract and process battery materials and manufacture components while creating good-paying jobs. The projects will be funded by the Bipartisan Infrastructure Law and will be matched by recipients to leverage more than $9 billion for the production of clean energy. Read more
NSF Engines program revises deadline, directions for Type-2 proposals
The U.S. National Science Foundation’s Regional Innovation Engines (NSF Engines) program has revised the Broad Agency Announcement (BAA) for Type-2 NSF Engines program proposals, moving the deadline up to Jan. 18, 2023, among other changes, which are detailed in the revised BAA and key related resource documents that were published on Oct. 17, 2022. NSF added new preparation and content requirements, along with requirements for a Region of Service map and Mandatory Disclosure document. The NSF Engines is a new program intended to foster innovation ecosystems across the U.S. through partnerships across industry, academia, government, nonprofits, and others. Read more
ARC POWER Initiative awards $47 million to diversify Appalachian economies
The Appalachian Regional Commission (ARC) recently announced its largest POWER (Partnerships for Opportunity and Workforce and Economic Revitalization) Initiative funding package. This funding package awards nearly $47 million to 52 projects in 181 counties to support economic diversification and mitigate job losses from coal-related industries in Appalachian communities. Read more
Tech industry is booming, but women’s participation continues to lag
In another illustration of how women’s participation in the tech industry continues to lag, SmartAsset recently released its annual report looking at Best Cities for Women in Tech. The report finds country-wide, the percentage of women in STEM is growing, but that growth is occurring at a dwindling rate, and that women make up only about 20% of the field’s total workforce. Detroit, Michigan, has the highest percentage of women tech workers (41.7%), according to SmartAsset. Irvine, California, was cited as having the lowest percentage (18.9%) of women tech workers. The report shared statistics for women’s participation in STEM in other cities as it relates to the industry growth with that area and their income. Read more
NIST solicits information to improve CHIPS and semiconductor industry
The National Institute of Standards of Technology (NIST) is seeking public input through Requests for Information (RFIs) for two programs under the CHIPS Act. Under Secretary of Commerce for Standards and Technology and NIST Director Laurie E. Locascio refers to the U.S.’s leadership role in semiconductor manufacturing as “critically important to our prosperity and national security” as they are key components in artificial intelligence and quantum computing. Locasio notes that in order to achieve this, America needs a “whole-of-nation” approach, justifying the two RFIs under different CHIPS programs. Read more
Positive trends in deal counts, fundraising, according to new VC report
Between federal interest rates over 3% and post-pandemic economic impacts that affect macroeconomic trends, many have predicted a continued decline in venture capital outcomes, only some of which has held true through Q3. Overall deal counts were higher than anticipated, according to the most recent PitchBook Venture Monitor that covers Quarter 3. The report captures 11,871 deals so far in 2022 (with another 1,765 that PitchBook estimates to have occurred but have not yet been formally identified) with a total value of $194.9 billion. Read more
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