Regional Innovation Program
In accordance with the memorandum of January 20, 2017, from the Assistant to the President and Chief of Staff, entitled ``Regulatory Freeze Pending Review,'' published in the Federal Register on January 24, 2017 (the Memorandum), this action temporarily delays the effective date of the Final Rule entitled ``Regional Innovation Program'' (Final Rule or Rule) published in the Federal Register on January 11, 2017. The Final Rule implements the Regional Innovation Program of the Economic Development Administration (EDA or the Agency), U.S. Department of Commerce (DOC) and specifically focuses on outlining the regulatory structure of its centerpiece grant program, the Regional Innovation Strategies (RIS) Program.
Notice of National Advisory Council on Innovation and Entrepreneurship Meeting
The National Advisory Council on Innovation and Entrepreneurship (NACIE) will hold a public meeting on Thursday, February 2, 2017, from 1:00-3:00 p.m. Eastern Time (ET) and Friday, February 3, 2017, from 8:45 a.m.-12:30 p.m. ET. During this time, members will further develop their policy proposals and work plan for their two-year term. Topics to be covered include increasing access to capital in underserved markets, inclusive entrepreneurship practices, improving entrepreneurship education in schools and career development programs, and better aligning federal innovation and entrepreneurship programing.
Regional Innovation Program
The Economic Development Administration (``EDA'' or ``the Agency''), U.S. Department of Commerce (``DOC''), is issuing a Final Rule implementing the Regional Innovation Program as authorized by section 27 of the Stevenson-Wydler Technology Innovation Act of 1980, as amended (``Stevenson-Wydler'' or the ``Act''). Through the Regional Innovation Strategies Program (``RIS Program''), the centerpiece of the Regional Innovation Program, EDA currently awards grants for capacity- building programs that provide proof-of-concept and commercialization assistance to innovators and entrepreneurs and for operational support for organizations that provide essential early-stage funding to startup companies. This Final Rule lays out the overarching regulatory framework for the Regional Innovation Program and specifically focuses on outlining the structure of the RIS Program. On September 21, 2016, EDA published a Notice of Proposed Rulemaking (``NPRM'') and received two public comments, one non-germane and one substantive. The Final Rule responds to the substantive comment by making two clarifying edits and one conforming edit to the section regarding eligible RIS Program project activities. EDA also made one technical correction, unrelated to the substantive comment, to the general terms and conditions section relating to the RIS Program.