Sign up to receive news and updates
HOME   |   CONTACT    Facebook Twitter LinkedIn Google+ Instagram logo Subscribe to MBDA Newsletter

You are hereHome > Innovation

Innovation


  • Submitted on 29 June 2016

    Created on June 29, 2016
     

    Assess Costs EverywhereThe Department of Commerce's Assess Costs Everywhere tool (ACE) highlights the hidden costs and risks that manufacturers need to consider when deciding where to locate their operations or supply chains in the United States. 

    Since launching ACE in April 2013, the Department's Office of the Chief Economist has periodically updated the data and research underlying its analysis of 10 costs and risks.  This week, coinciding with the third SelectUSA Investment Summit, we are announcing a new set of updates to the tool. The Summit brings together global companies, U.S. economic development agencies, and other parties working to encourage and facilitate investment in the United States—people who have done the calculus that ACE promotes and find that investing in the United States pays off.

  • Submitted on 28 June 2016

    Created on June 28, 2016
     

    Throughout our country’s history, innovators have used the patent system to protect their ideas. From Samuel Hopkin's improved process in making potash, an ingredient in fertilizer in 1790, to the patents of the present day, the United States Patent and Trademark Office (USPTO) has evaluated and safeguarded innovation around the world.

    The many years of data relating to innovation are all made publicly available by the USPTO through their recently launched Developer Hub. The Developer Hub provides a shareable, social platform for anyone using the data to showcase the unique ways they’re using it. This public resource makes it possible to answer fundamental questions in the technology and innovation spaces.

    Among the vast set of data that the USPTO provides, the Patent Technology Monitoring Team (PTMT) produces aggregations of the underlying patent data, along multiple, different dimensions and partitions. These aggregations answer a host of questions for us, including questions related to trends in technology and innovation in any given sector.

  • Submitted on 26 May 2016

    Created on May 26, 2016
     

    AAPI Welcome SignsHighlighting the critical nature of their role in America’s global economic position, the U.S. Commerce Department launched the first-ever Asian-American Pacific Islanders (AAPI) Business Summit May 25.

    Co-hosted by the Minority Business Development Agency (MBDA) at the Commerce Department, and White House Initiative on Asian Americans and Pacific Islanders (WHIAAPI), the day-long event drew more than 200 members of the AAPI business community, including entrepreneurs, policy makers, and business leaders. Speakers included Congressional representatives and Obama Administration officials who addressed a range of topics and policies focused on strengthening economic ties and creating growth opportunities.

    The Summit provided a broad overview of Obama Administration economic development priorities affecting AAPI business owners – one of the fastest-growing populations in the United States. The program centered on solutions for business owners seeking to scale up enterprises, including expanding to overseas markets, accessing capital, and entering high-growth industries such as technology and other STEM-based sectors.

    AAPI-Owned Enterprises: An Expanding Part of U.S. & Global Commerce

    Nearly 2 million businesses are owned by Asian-Americans and Pacific Islanders nationwide, employing 3.6 million workers, and generating nearly $700 billion in revenue annually, according to the 2012 U.S. Census Bureau’s Survey of Business Owners.  In addition, Census Bureau research indicates that as the U.S. population becomes ‘majority minority’ by 2044, AAPI will represent a significant portion of America’s overall population.

  • Submitted on 26 May 2016

    Created on May 26, 2016
     

    There has recently been an overwhelming spike in attention to the lack of diversity in the innovation economy in the United States. Unfortunately, it is common to see this string of words illuminated under a negative light. For the past several years, industries that are the economic drivers for growth in the United States have made up the innovation economy.

    In fact, in 2016 the term “economy” could also be interchangeable with “innovation economy,” as the most profitable industries fall in this sector. These industries that include technology (i.e. health, digital, information, etc.), materials science, and computing lack both gender and racial diversity. With the changing demographic in the United States and the Census Bureau projecting that we will become a majority-minority nation in 2044, there is an urgent and critical need to embrace diversity and inclusion in the innovation economy. If not, the United States will continue to face negative economic and social consequences due to increased inequality and widening of the wealth gap.

  • Submitted on 17 May 2016

    Created on May 17, 2016
     

      THE CASE FOR INCLUSIVE INNOVATION: MINORITY ENTREPRENEURSHIP AND AMERICA’S ECONOMIC FUTURE BY: ALEJANDRA CASTILLO, NATIONAL DIRECTOR, MINORITY BUSINESS DEVELOPMENT AGENCY  “If our nation is to remain globally competitive, we must leverage and engage our diversity, especially our minority entrepreneurs.”

    Featured in the National Urban League 2016 State of Black America

    What images come to mind when you read the words “innovation” and “entrepreneurship”?

    If your primary points of reference are popular media or trade press, you might envision a fresh-faced 20-something-year-old on the leafy campus of a private university.

    But, as the daughter of a Dominican Republic-born entrepreneur who came of age in the Bronx, I have a different take on American economic development, entrepreneurship and innovation.  As the National Director of the Minority Business Development Agency at the U.S. Department of Commerce, I can accurately report that African-Americans, Latinos, Asians and Native Americans now represent the fastest-growing segment of entrepreneurs in the United States. 

  • Submitted on 17 May 2016

    watch the video

    Watch the DOC Talks

    Joann Hill, Chief of MBDA's Office of Business Development and Alika Kumar, Project Director of the Phoenix MBDA Business Center jointly participated in the Department of Commerce's first ever DOC Talks. Together, they gave a talk entitled "Minority Business Enterprise Parity for National Economic Prosperity."

  • Submitted on 11 May 2016

    Created on May 11, 2016
     

    MBDA Showcases the Importance of Inclusive Innovation at the 2016 Federal Laboratory Consortium (FLC) Conference MBDA recently attended the 2016 Federal Laboratory Consortium (FLC) National Meeting in Chicago, Illinois for the second year in a row. Touted as one of the most premier annual events in the technology transfer community, this year’s theme “From Discovery to Commercialization,”  focused on  collaboration between federal labs, private industry stakeholders and the American business community to move federal research and development out of the lab and into the U.S. marketplace.

    In 2015, MBDA formed a new partnership with the National Institute of Standards and Technology (NIST) and the Federal Laboratory Consortium (FLC) to spur innovation within the minority business community by leveraging the vast amount of research and development (R&D) expertise throughout the national network of more than 300 federal laboratories.

  • Submitted on 15 April 2016

    Created on April 15, 2016
     

    EDA plans to release the Federal Funding Opportunity (FFO) and begin accepting applications for the 2016 round of Regional Innovation Strategies (RIS) Programfunding on April 25, 2016; the application period will be open for 60 days.  In this 2016 round, a total of $15 million in Federal funding is available to create and expand cluster-focused proof-of-concept and commercialization programs and early-stage seed capital funds through the i6 Challenge and the Seed Fund Support (SFS) Grant competition, respectively.

    EDA will host a series of webinars April 19-21, 2016, to encourage all potential applicants to think about their strategies for developing regional opportunities, partnerships, and approaches by sharing the RIS Program’s high-level objectives.  OIE staff will provide an overview of the Programand its objectives and RIS grantees will provide real-world highlights of their RIS projects, including the problems they set out to solve and the activities, outputs, and impacts that their RIS grants have supported.  Each webinar will end with a Q&A session that will be open to all participants but that will focus on specific categories of applicants or geographies as noted below.  EDA will host the webinars at the following times:

  • Submitted on 13 April 2016

    Created on April 13, 2016
     

    Register Now For the Upcoming Federal Lab Consortium 2016 National Meeting

    Register Now For the Upcoming Federal Lab Consortium 2016 National Meeting

    In today’s fast-paced economy, many aspiring entrepreneurs understand the invaluable role that technology innovation plays in determining the long term success of a new company.  Moreover, as the United States continues to serve as a catalyst and champion for technology innovation in the 21st century, many minority business owners are now poised to transform their ideas from research and development to commercially-developed products and services.

  • Submitted on 17 March 2016

    Created on March 17, 2016
     

    The U.S. Small Business Administration (SBA) will launch a 20 state road tour, joined by 11 fellow federal agencies in the SBA’s Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs.

    Each SBIR Road Tour stop will be hosted by a local organization committed to supporting technology-based entrepreneurship, and will provide attendees a face-to-face opportunity to talk directly to federal agency program managers and decision makers from many agencies, including the: 

What MBDA Does

Facebook Twitter LinkedIn Google+ Instagram  Subscribe to MBDA Newsletter