ITIF

Congress and Small Business Administrators should create a Young Entrepreneurial Fellowship Program.

The Young Entrepreneurial Fellowship program would be a modest Small Business Administration (SBA) program, with funding of $5 million per year, to support the living expenses of 25 young entrepreneurs for two years each. An outside panel of entrepreneurs would help SBA review proposals and business plans from applicants. The fellows would also receive mentoring and other technical assistance as they seek to build an ongoing business. If just one of the 25 fellows creates a successful enterprise, the program would likely pay for itself in job creation and increased tax revenue.

The Congressional Office of Science and Technology Policy should provide incentives for industry-hosted temporary jobs for undergraduates.

Providing more opportunities for college STEM students to work in industry, especially early in their college careers, will help encourage more students to stay in STEM. As a result, the White House should request through executive order that government agencies begin sitting some of their student fellowship/internships/co-ops/summer jobs in industry locations (e.g., an agency’s industry suppliers or collaborators), if not prohibited by law. At the same time, Congress should allow companies to take a tax deduction for corporate employee time spent mentoring student hires. The company could claim up to 35 percent of the aggregate student hire hours as donations of employee time, at the median prevailing wage of their salaried employees.

Federal research grants should routinely require “token cost sharing” from the sector identified as the ultimate customer for the research.

One way to expand academic linkages with industry is to require more industry or other organization funding of research. Doing this would broaden the range of inputs during the framing of research projects. Contributions should be small and could be cash or in-kind; the purpose is merely to force up-front communication outside the academic sector. Research projects designed to ultimately yield consumer product or service innovations should have a $5K-$30K cost-sharing requirement with industry; those designed to produce education innovations should have a $1K-$30K cost-sharing requirement from the public or from educational institutions not receiving funds under the grant. Evidence of the origin of the donations would be required.

Congress needs to create a “NSF-Industry Ph.D. Fellows Program.”

Doctoral fellowships are key factors in producing more Ph.D. degrees in Science, Technology, Engineering and Math (STEM). But the number of NSF graduate research fellowships awarded per thousand college students graduating with degrees in science and engineering dropped from over seven in the early 1960s to just over two in 2005. Rather than simply expand funding for the NSF Graduate Research Fellowship program (funded at $102 million), Congress should create a new NSF-industry Ph.D. fellows program where firms provide matching funds. To increase these linkages Congress should appropriate $21M/year for the establishment of an NSF-Industry Ph.D. Fellows Program, to support an additional 1,000 Ph.D. students in STEM. The new NSF-industry program would work by enabling industry to contribute $20,250 towards each fellowship, in whatever field(s) the company chooses. NSF would match industry funds dollar-for-dollar.

Congress and the NIH should target a significant share of increases in federal research funding to university programs that partner with industry.

Industry-university partnerships not only spur more commercialization and innovation, they also boost STEM education outcomes. But these partnerships are the exception rather than the rule. To change this, federal agencies should require industry co-funding of many academic research centers, including all the NSF Engineering Research Centers. In addition, Congress should allocate funding for a tripling of NSF’s Industry/University Cooperative Research Center (I/UCRC) program, to $21 million dollars. NIH should examine the NSF model and propose an equivalent program to Congress.

Congress needs to spur inclusion of entrepreneurship opportunities for STEM students.

Federal agencies supporting university research in STEM should adopt a policy whereby any graduate or post-doctoral student on an assistantship, fellowship, or other form of federal support can petition for a no-cost extension of their assistantship, fellowship, or traineeship, which would allow them to take a “entrepreneurial leave” for one to two years to start a company, and be guaranteed their former student position on their return. Congress should also make the necessary changes to SBIR authorization to enable students on “entrepreneurial leave” to fund their startups using SBIR monies; individuals who are currently full-time graduate or post-doctoral students would be explicitly eligible for such awards, even if they are foreign nationals, as long as their business is located in the United States. In addition, Congress should work with the Department of Homeland Security to ensure that students who receive SBIR funding while on official “entrepreneurial leave” are still defined as full-time students, and not company employees, for visa purposes.

Congress should expand funding for NSF interdisciplinary higher education learning.

Approximately 75 percent of college students would prefer an interdisciplinary education, and such training is also needed for workforce skills. There are a number of steps that should be taken to expand interdisciplinary learning. Congress should expand the NSF IGERT Program by a factor of three, to $30 million in annual funding. Where allowed by law, federal agencies should redefine all federally-funded scholarships, fellowships, assistantships, and traineeships such that professors receiving students supported by such mechanisms must include some kind of interdisciplinary training experience for the student. Alternatively, OSTP can coordinate a multiagency effort to divorce student support from faculty research support. Faculty would apply for research grants as before, but when the grant arrives at the university, it arrives in two parts: a student support portion (tuition and stipend) that is awarded to a student and henceforth travels with the student; and a research support portion (professor salaries, equipment funds, materials, etc.) that stays with the professor. This approach frees students to pursue their own educational interests – which tend to be much more highly interdisciplinary than the narrow in-field research needs of the professor.

The Office of Science and Technology Policy considers expanding undergraduate research opportunities, particularly during freshman year.

Because undergraduate research is a highly engaging experience with a track record of greatly diminishing student dropout/switch out from STEM, such experiences should be moved to student’s first year of college, as a prophylactic against dropout/switch out endemic to the freshman year. Such a move could increase national B.S. output by as much as 20 percent. To facilitate this transition, the President should issue an Executive Order requesting 30 percent or more of federal-agency-funded undergraduate research experiences be moved to the freshman year and summer following. Prior to the White House issuing the order, OSTP can be directed to arrive at a list of programs that would be affected by such an order, and asked for process suggestions that would allow for a smooth transition to the new model.

Congressional leaders should increase the development of online STEM learning tools.

Virtual schools, video games, and other software-based learning can play a key role in boosting STEM education. But more and better tools need to be developed. Congress should allocate $20 million to the National Science Foundation for the development of STEM-related learning tools and products that are intended to be disseminated jointly through the nations’ emerging network of virtual schools. Funds would be made available to consortia of virtual schools that apply in partnership with commercial developers of educational products. As an incentive, up to $5M in additional “dissemination” funding for marketing and distribution would be available if the product proves to achieve <g> scores greater than comparable classroom lecture, as measured by NSF’s STEM Test Kitchen.

Congress should make efforts to increase high school students’ access to a wide array of content.

To give students access to courses that are not offered by their own schools, Congress should mandate credit reciprocity across state lines, and between virtual and physical schools, via the Elementary and Secondary Authorization Act. Schools receiving federal funding would have to give their own students graduation credit for courses taken at virtual schools, either in-state or out-of-state, as long as the virtual courses/classes count towards graduation credits in at least one state.
Syndicate content