President Trump positions drastic cuts to Federal budgets that support innovation and research. This has raised concern nationwide as government, university, and private sector voice objections to cuts. Most critics are saying that innovation is central to the health and continued prosperity of the American economy. While this story is just breaking, federal budget announcements are now under critical scrutiny as many of today’s leading companies, programs, and regions rely on federal dollars to spur innovation.
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State legislatures take proactive steps to spur innovation in their regions. Governors lead the way in signing budgets that support a future vision of their state’s goals and building a foundation of assets for prosperity.
Nebraska: Governor Pete Ricketts
- $2M for a small business investment microloans for small company growth and entrepreneurship.
- The University of Nebraska budget of near $12K research.
- $4M per year for grants up to $500,000 each to small businesses to drive the commercialization of new processes or products.
Arizona: Governor Doug Ducey
- $3M in new investments for high-speed internet to rural schools.
- $200K for state-wide computer programing training.
- $21.5M for the Arizona Commerce Authority
Montana: Steve Bullock
- $375K states matching funds program.
- $200K to the Manufacturing Extension Center
- $200K to Montana State University’s Northern Advanced Biofuel Center.
- $56.1M to the Commissioner of Higher Education R&D agencies.
The Federal Government announced a $17M dollar regional innovation budget for FY17. This is up $2M from FY16. State applications for grants are evaluated based on innovation and regional impact outlined in their proposals. Of interest over the years have been the number of states that have won repeated grants due to sustained progress they keep making. This creates a higher barrier for states new or unaware of the process as they have to compete against much more progressive states that have partnered with the Federal agencies for several years building out an innovation economy in their region.
November marks the design and development of a new company and brand.
The focus of the new organization is the culmination of the past tens years of studying corporate innovation centers and the past four years looking at the development of regional innovation ecosystems across cities around the world. The work is ongoing documenting frameworks, patterns, and best practices that are being used. Decision support trees that highlight interdependencies and trade-off between approach options. While this information has resulted in methodologies for corporations and regions to incrementally develop new capabilities in the innovation realm, the internal focus has been on the collection of data and development of several book series that will explore in depth the approaches, trends, and nuances that have shaped the direction of approaches due to varying competitive conditions around the world.
Stay tuned for a 1st quarter 2018 launch of the new brand.