As Congress continues negotiations over the FY15 federal budget, SSTI is hard at work trying to secure additional funding for the Regional Innovation program. The Regional Innovation Program was authorized under the American COMPETES Act and is designed to provide funding to support regional innovation activities.
The Senate has approved $20 million for the program for FY2015, while the House did not provide any funding for the program. SSTI has prepared a support letter to Congressional leaders requesting funding at the $20 million level (see below).
We are is seeking organizations to sign on to the letter, which is below. While SSTI continues to engage directly with Congressional members and staff, it is critical to show the breadth and depth of support for the Regional Innovation Program among the TBED community during these negotiations. The more organizations that sign will increase our chances to secure funding. The deadline for signatures to this letter is Thursday, July 31.
Please review the below letter, and if you are able to sign on for your organization, please reply to Caroline Wagner (firstname.lastname@example.org) to list your organization as a signatory on the letter.
For over 2 decades, leaders within the ENTOVATION Network have played a major role in advancing the innovation agenda locally, regionally and globally. What have emerged are significant (oftentimes annual) events to coalesce talent. It is our eco-system – operating as a holonomy – to which we have contributed and from which we have learned. It has served as my own intelligence system; and it has been so for many of you.
Focusing on information technology, healthcare and other high growth companies in Delaware and the Mid-Atlantic Region
NEWARK, Del.-- (July 22, 2014) -- Leading Edge Ventures I, L.P., announced today the formation of an early stage venture fund. Headquartered in Newark, Delaware, the Fund will make investments in promising early stage companies in Delaware and the Mid-Atlantic region. It will also maintain an office in Bethlehem, PA. Leading Edge Ventures will target companies that provide productivity benefits to businesses and consumers in the areas of information technology, healthcare, and other high growth markets.
First State Innovation, an organization whose mission is to accelerate entrepreneurial activity in Delaware and the surrounding region, initiated the concept and has supported the Fund's formation. Ernie Dianastasis, Chairman of First State Innovation said, "The launch of Leading Edge Ventures is a significant development for the entrepreneurial community and will provide great benefits to the region."
Jack Markell, Governor of Delaware, commented, "Funding early stage companies creates new jobs for our local economy. We're proud to have backed the creation of Leading Edge Ventures as part of our state's commitment to supporting entrepreneurs so they can turn great ideas into thriving businesses."
Chairman Rockefeller, Ranking Member Thune, Members of the Committee, distinguished panelists and guests, I am honored and pleased to have this opportunity to participate in a hearing on a topic about which I am passionate and committed: basic research. There is no substitute for deep understanding of natural and artificial phenomena, especially when our national and global wellbeing depend on our ability to model and make predictions regarding them. It would be hard to overstate the benefits that have been realized from investment by the US Government and American industry in research.
Products are sold because they solve a problem or fill a need. Understanding problems and needs involves understanding customers and what makes them tick.
Smart entrepreneurs know they must get out of the building to discover every detail about their customers, especially how they experience a particular problem and why (and how much) it matters to them.
When your product solves a problem that costs customers sleep, revenue or profits, things are definitely looking up.
Solana Beach-based company obtains guidance, funding, appears on ABC’s “Shark Tank” following graduation -
While working as a Product Specialist for global lifestyle brands such as Burton Snowboards and Diesel Footwear, Jayla Siciliano learned that part of the job involved attending social functions, including dinners, fashion shows, parties and happy hours where alcohol was served. As a kickboxing instructor and health and fitness enthusiast, the continuous drinking environment and extra calories didn’t fit Siciliano’s lifestyle. It wasn’t long before she found that the wining and dining and negative affects of alcohol left her feeling groggy the next day. She sought to find an alternative that would allow her to partake in social events, but wouldn’t compromise her healthy lifestyle. Siciliano started pouring soda water into her wine and discovered she not only had more energy while socializing, but felt better the following morning. Siciliano was on to something. In 2008, she quit her job and devoted her time, energy and money into researching and redefining the light wine category.
Industry after industry is being transformed by IT-enabled disruptive innovation. These include not only information-based industries, such as banking, media, real estate, and education, but also "atom-based" industries like transportation, agriculture, and health care.
At this event, speakers will assess why these transformations are occurring, how they will impact consumers and businesses, and the public policies required to spur even more disruptive innovation. Malcolm Frank, Paul Roehrig, and Ben Pring will discuss their book Code Halos: How the Digital Lives of People, Things, and Organizations are Changing the Rules of Business, which describes how new technologies, such as social media, mobile, data analytics, cloud computing, and the Internet of Things, are sparking new commercial models that can dramatically flip market dominance from industry stalwarts to challengers. In addition, Larry Downes will discuss his new book Big Bang Disruption: Strategy in the Age of Devastating Innovation, which provides strategy for companies keeping pace with disruptive game changers. Finally, leading IT analyst David Moschella will discuss why some technologies disrupt the marketplace while others are still only a dream.
I recently turned 26, and, to celebrate, I took a weekend trip to Sequoia National Park with my mom. We both work a lot—she as a doctor in rural Vermont, and I as the CEO of a startup—so it’d been a few years since we’d spent any time together oneonone, and we were looking forward to the trip. Plus, as she only halfjoked, if she was visiting she could make sure I took the weekend off.
It is a rare day that small and medium business owners view news from the IRS and Treasury as a good thing. Today is different – different in a big way. Today – Treasury announced regulations (TD 9666) that will allow companies to take the Research and Development Alternative Simplified Credit (ASC) on amended returns. This seemingly arcane change will mean many more dollars in the wallets of innovative small and medium businesses – money that will be used to create new jobs, expand businesses and keep doors open.
In today’s installation of the Techstars Mentor Manifesto, we deconstruct #3: Be Authentic – Practice What You Preach.
Authenticity has once again become a trendy word. When I started blogging in 2004, it was all about transparency. Fred Wilson led the way and I happily followed. And if you want to really understand transparency, look at Rand Fishkin’s epic post on Moz’s $18 Million Venture Financing in 2012. Now that’s transparency.
I was born in Ponce, Puerto Rico, to parents whose aspiration of overcoming poverty and giving their children a better opportunity led them to New York. Our version of the American dream began in the projects of the South Bronx during one of the most dangerous times in the borough’s history. Violence, drugs, poverty, and pollution were everywhere.
Image: Michael Morgenstern for The Chronicle
One of the more interesting business books available this summer is Roadside MBA: Backroads Lessons for Executives, Entrepreneurs, and Small Business Owners. Written by three economists, it’s a rather corny look at various concepts you’d learn in business school, like barriers to entry, and economies of scale. What’s redeeming about it is that the authors went out and created case studies about dozens of small- and medium-sized businesses that you’ve never heard of. From Arnold Tool in Council Bluffs, Iowa to Key Fire Hose in Dothan, Alabama, most small business owners have a compelling story to tell.
I was struck by something the mayor of Cincinnati said recently in a conversation on the Urbanophile blog, published by one of our Governing columnists, Aaron Renn. The mayor, John Cranley, essentially proclaimed that the time has come for cities to stop dreaming of regional solutions to urban problems, to stop thinking that they would be better off if they could annex the suburban territory that lies just outside their borders. Cincinnati, he said, can get along just fine without any more than the roughly 80 square miles and 300,000 people that it currently comprises. At this point in the 21st century, Cranley argued, taking on suburban territory simply gives cities new problems that they don’t need.
What do Sayada, Tunisia, and Red Hook, Brooklyn, have in common? At first glance, not much. One is a fishing town on the Mediterranean Sea. The other is a waterfront neighborhood in an industrial section of America’s largest city. But both are using a networking technology that is cheap, relatively easy to set up, and remarkably resilient and secure.
Image: Red Hook, in Brooklyn, N.Y. Flickr/All Nite Images
For a long time now, business leaders have been saying that the American workforce lacks sufficient skills to fill 21st century jobs. Those of us at the frontlines of social services — doing the work of preparing low-income young people — share these concerns and hear you loud and clear. The education gap is holding back not just workers but businesses and our whole economy.
Does anyone actually like business jargon, or is it just a bad habit? Found in corporate offices, startups and resumes alike, business buzzwords and phrases like "think outside the box" are so overused at this point that they no longer convey any actual information. Although sometimes a word or phrase might feel appropriate for a business situation, more often than not, there are clearer ways to explain yourself.
GAINESVILLE — In its first dozen years of operation, the University of Florida’s Tech Connect program has helped launch 157 technology-based startup companies that in turn generated more than $1 billion in private funding, $530 million in public funding and 2,000 new jobs, according to a report released today.
During the fiscal year that ended June 30, the report shows, the program’s affiliated companies hired more than 345 new employees and raised more than $106 million in private funding and $105 million in public funding. The report was prepared by UF’s Office of Technology Licensing.
It’s easy to get swept up in the media myths of the technology world. The good news is that a new generation readying themselves for careers in tech are looking past the stereotypes and embracing opportunity.
On Friday, LinkedIn hosted an event as part of its LinkedIn For Good initiative, in which it encouraged 2,500 employees around the world to spend the day giving back to their community.
Question: I keep hearing about incubators and accelerators. How do I know if that is an option I should pursue?
Answer: Arizona has been the birthplace of many new business incubators and accelerators as methods of helping new ventures to launch and find funding. You will find variations on the definitions of each, but in general, both kinds often offer office or lab space, training or education, mentorship and access to funding via a pitch or demo day, with program lengths of three months to one year.