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Sweden’s Young Innovators Need Entrepreneurs Too
Sweden is not waiting for the Global Entrepreneurship Congress next month to devise its strategy for building a strong startup ecosystem. While “number of patents” is only one metric to measure innovation, Sweden thinks it is one of the most important. The 2011 edition of the Global Innovation Index (GII)—developed by the INSEAD eLab which takes into account dimensions such as creativity and efficiency—ranks Sweden second of 125 economies. For the Global Competitiveness Report 2011-2012, Sweden came in third position. And, in Thomson Reuters’ “Global Innovators” list, Sweden is the headquarters location of 6 percent of the list’s companies.
Entrepreneurs Optimistic About 2012
While economics bloggers are apparently a consistently gloomy bunch, it seems to make sense that entrepreneurs are by nature a bit more optimistic—tackling risk head on in pursuit of their dreams and ideas. That was the gist of the first Startup Confidence Index released recently by the Ewing Marion Kauffman Foundation and LegalZoom.
Fernandez Stepping Down at EDA
John Fernandez, U.S. Commerce Department Assistant Secretary for Economic Development, will leave his post at the end of the week and return to the private sector.
Legislation Introduced Impacting Startups and Small Businesses
Within the last month, ten pieces of legislation have been introduced in Congress that have a direct impact on entrepreneurs and small business owners. Below is a quick look at those bills, along with the sponsoring member.
This Week in Entrepreneurship Policy
Budgets for FY 2013 are starting to get a look on Capitol Hill this week. Two hearings held by the House Committee on Science, Space and Technology are of particular interest. On Tuesday, the budget for the National Science Foundation is being presented. Later in the week, Secretary of Energy Steven Chu walks through the Department of Energy R&D budget.
A Look Back at Innovation Daily
Each day, Innovation Daily checks the pulse of global innovation-- courtesy of Innovation America. Here, we take a look at a handful of relevant stories it compiled last week.