Washington DC - The Small Business Administration (SBA) recently rolled out a new website for the SBIR/STTR program which SBA administers. Reorganized and including new landing pages for entrepreneurs, support organizations, and federal agencies, the new page provides quicker and easier access to the right information.
Columbus, OH - According to SSTI, "The pandemic’s negative impact on enrollment at institutions of higher education is getting even more complicated. New figures show that the number of students that have completed the Free Application for Federal Student Aid (FAFSA), a figure that serves as an indicator for postsecondary enrollment, has decreased. And a new proclamation from the president that restricts entry to the U.S. by graduate students and researchers from China may also affect higher education enrollment figures. According to The Hechinger Report, if international student enrollment decreases, the economic fallout will be severe, as it nationally accounts for about $2.5 billion in tuition and fees."
Columbus, OH - SSTI is launching a new initiative to improve innovation policy across the country with support from the Ewing Marion Kauffman Foundation. To achieve the goal of improving innovation policy, SSTI will be working with its members and other entrepreneurial support organizations to cultivate new policy champions from the ground up.
Columbus, OH - According to Konni Lorenz, "Benchmarking innovation-driven entrepreneurship and the impacts of other science, technology and venture development activity in your state or region is more important than ever in the post-pandemic economy. Understanding the gains made prior to the onset of the coronavirus – and the inevitable setbacks resulting from its economic shocks – will be important for helping to build support and momentum for your initiatives going forward. The Illinois Innovation Index provides one useful model to approaching university entrepreneurship activity across institutions and geography."
New Brunswick, NJ According to Marisol Seda, "While ‘necessity is the mother of invention,’ the journey to an inspiring and extraordinary success could be enriched through collaboration and partnerships. This can be attested by Rutgers University and professional services company Accenture, which joined efforts towards the same goal: to solve the necessity of face shields and other personal protection equipment (PPE) for healthcare workers and researchers on the frontlines of the COVID-19 pandemic."
Washington DC - Oceans have long been a frontier of opportunity for exploration, scientific understanding, commerce, and trade for the United States. The transformative technologies of the fourth industrial revolution - artificial intelligence, machine learning, robotics, Internet of Things, biotechnology, advanced materials - are expected to recondition traditional ocean-based industries and enable the growth of new markets prioritizing sustainability. At the nexus of unprecedented environmental change and rapid technology innovation, how should the United States position itself as a leader in the global ocean economy?
Washington DC - According to Joe Kennedy, "Monopoly Myth SeriesIn short: no. Profits are difficult to measure accurately, but the best method is to focus on domestic earnings outside the financial sector as a share of net value added. By that measure, the long-term trend has been in decline."
Chatham, NJ - Nominations for this year’s Thomas Edison Patent Awards presented by the Research & Development Council of New Jersey are now being accepted. All nominations will be judged by a committee of top researchers based on the significance of the problem solved, the patent’s commercial impact, its novelty and utility. The deadline for nominations is May 22, 2020, but may be extended due to the current environment.
New Brunswkc, NJ - Rutgers University announced today that it has launched the nation’s largest prospective study of health care workers exposed to COVID-19. The study includes a series of clinical trials that will explore new drug treatments, antibody testing, and long-term health tracking in the hope of providing insight into how to treat the disease and prevent its spread.
Columbus, OH - According to Colin Edwards, "In this week’s edition of Useful Stats, we take a look at NIH’s SBIR/STTR program by state, including the success rate of applications, the share SBIR awards make up of NIH funding to for-profit companies by state, and the total number of awards by state. It should be noted that SSTI was able to prepare this information because of the excellent transparency of information that NIH offers on its website, a model that should be replicated by other federal agencies."
New Brunswick, NJ - According to Joseph De Avila, "A New Jersey health-care system is plowing ahead with plans to build a $750 million cancer treatment and research facility, despite the coronavirus pandemic’s stress on its financial resources. RWJBarnabas Health, which operates 11 acute-care hospitals that have been on the front lines of the state’s coronavirus crisis, and Rutgers Cancer Institute of New Jersey are teaming to build a 12-story, 510,000-square-foot facility in New Brunswick.
BIOCENTRIQ NAME OF FIRST CELL AND GENE THERAPY DEVELOPMENT AND MANUFACTURING CENTER LOCATED ON A UNIVERSITY CAMPUS IN THE U.S.
Newark, NJ - According to Joseph D'Allegro, "The Biopharma Division of the New Jersey Innovation Institute (NJII), an NJIT corporation, introduced BioCentriq as the name of its cell and gene therapy production and manufacturing center. BioCentriq is the only process development and clinical manufacturing facility for cell and gene therapies located in Newark, N.J., and the first of its kind to be located on a university campus in the United States."
Washington DC - According to SSTI, "The U.S. Securities and Exchange Commission is implementing a rule that relaxes restrictions on crowdfunding through next February, according to a Federal Register notice published today. The net result of the temporary rule is to accelerate the timeline for a company to access capital through crowdfunding, at the expense of some public access and investor information."
Columbus, OH - Per SSTI, "As the economic fallout continues from the coronavirus pandemic and associated shutdown, states are still uncertain as to what their financial situations might be as they attempt to craft their new spending plans for a quickly approaching new fiscal year, which for most states start July 1. Last month, New Jersey state leaders took a unique approach to the situation by extending the current fiscal year from June 30 to September 30. The extension addresses a number of issues."
Washington DC - According to Joe Kennedy, "The American Economic Association just published yet another study showing that research and development tax credits are effective in spurring more research by private companies, especially smaller ones. Although large companies conduct most private research, small companies are often more responsive to tax credits because cash flow is so important to their viability. The study should build support for efforts like the bipartisan, bicameral FORWARD Act introduced this week by Sens. Chris Coons (D-DE) and Pat Roberts (R-KS), and Reps. Suzan DelBene (D-WA) and Jackie Walorski (R-IN)."
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