Guest blog by Matt Erskine, Acting Assistant Secretary for Economic Development

To mark the one-year anniversary of the White House Startup America Initiative, in January President Obama sent Congress a proposal to expand tax relief and unlock capital for startups and small businesses that are creating jobs.

When he launched the initiative a year ago, the president sought to promote the success of entrepreneurs across the country. The private sector responded with the Startup America Partnership, launching new entrepreneurial networks all across the country. AOL co-founder and member of the President’s Jobs Council, Steve Case, and the Kauffman Foundation joined to form the Startup America Partnership, which is a nonprofit alliance of entrepreneurs, major corporations and service providers that has mobilized more than $1 billion in business resources to serve as many as 100,000 startups over the next three years.

This year, the administration unveiled several new agency actions to accelerate the growth of young, job-creating companies, at the same time that new entrepreneur-led regional coalitions are launching throughout the nation.

One of those efforts will fuel regional innovation. In the coming months, the Department of Commerce’s Economic Development Administration (EDA), along with several Federal partners, will launch the third round of the i6 Challenge, a multiagency competition which funds regional collaborations to bring innovative, ground-breaking ideas from the lab to the marketplace, creating new startups and jobs across the country. Commerce is also launching a new initiative to connect entrepreneurs with the resources made available through the Startup America Partnership and its partners.

Commerce Department grantees provide updates on projects to promote innovation and commercialization in regions of Ore., Ohio, Pa., Fla. and Ga.

To highlight the economic impact of Obama administration investments to promote American Innovation and accelerate the commercialization of research to the marketplace, the U.S. Commerce Department’s Economic Development Administration (EDA) hosted the first 21st Century Economic Capitol Hill Briefing on the new COMPETES law on January 19, 2012.

Awardees of the Office of Innovation and Entrepreneurship’s (OIE) i6 Challenge came to Washington D.C. to brief Congress on how federal funds are promoting regional economic and job growth. OIE, which was authorized under the America COMPETES Reauthorization Act of 2010, supports efforts to foster innovation ecosystems and the commercialization of new technologies, products, processes, and services.

Close to 60 Congressional staffers gathered at the Capitol Visitors Center in Washington, D.C., to hear first-hand from four i6 Challenge awardees: David Kenney and Dr. Patricia Beckman of the Oregon Built Environment and Sustainable Technologies Center of Portland, Oregon; Dr. Thomas O’Neal and Wayne Hodges of the Global Center for Medical Innovation of Atlanta, Georgia; Dr. Art Boni of Carnegie Mellon University of Pittsburgh, Pennsylvania; and Dr. Wayne Watkins of the University of Akron Research Foundation of Akron, Ohio.

Commerce’s Economic Development Administration (EDA) and its Office of Innovation and Entrepreneurship today announced the opening of its $12 million i6 Green Challenge in partnership with the U.S. Departments of Agriculture, Energy, the U.S. Environmental Protection Agency, the National Science Foundation, and Commerce’s National Institute of Standards and Technology and U.S. Patent and Trademark Office. ‪

EDA will award up to $1 million to each of six teams around the country with the most innovative ideas to drive technology commercialization and entrepreneurship in support of a green innovation economy, increased U.S. competitiveness and new jobs. Its partner agencies will award more than $6 million in additional funding to i6 Green winners.

First announced at the White House launch of Startup America in January, i6 Green follows last year’s inaugural i6 Challenge to accelerate high-growth entrepreneurship in the United States.

“Initiatives like the i6 Green Challenge support the president’s vision for out-innovating the rest of the world by moving great ideas from the lab to the marketplace to spur the development of 21st century jobs and industries,” U.S. Commerce Secretary Gary Locke said. “We know that in the last 30 years, nearly all net new jobs were created by startups, and they will continue to play a critical role in our nation’s economic prosperity.”  For application information on i6 Green, visit www.eda.gov/i6. |  Release

U.S. Assistant Secretary of Commerce for Economic Development John Fernandez visited Portland, Ore., today to recognize the Economic Development Administration’s (EDA) i6 Challenge winners from EDA’s Seattle region. The Oregon Translational Research & Drug Development Institute, the Oregon Nanoscience & Microtechnologies Institute, and the Oregon Built Environment & Sustainable Technologies Center are joining forces to create the first comprehensive innovation infrastructure – the Oregon Innovation Cluster – to address gaps in the commercialization continuum for three broad industry/technology clusters. The program is receiving $1 million through the i6 Challenge, which represents a key component of President Obama’s innovation strategy - to move great ideas from the lab to the marketplace to create jobs and economic growth. U.S. Commerce Secretary Gary Locke announced all the winners of the i6 Challenge from six different regions of the country in September.

Fernandez also highlighted two additional EDA investments today. In Portland, he announced a $1.267 million grant to Portland State University’s College of Liberal Arts & Sciences to remodel and upgrade several on-campus science laboratories and train students for work in clean technology and other science-related industries.

In Vancouver, Wash., Fernandez toured the EDA-funded Vancouver Crescent Industrial Area, which received $3 million from EDA to provide roadway infrastructure needed to redevelop the area in support of research and development and small manufacturing companies.