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Supporting Sub-Saharan Startups
The creative genius among the young is perhaps one of the least-tapped resources in many economies, particularly in sub-Saharan Africa. If given the opportunity to explore entrepreneurship as a career path and a business-friendly environment, young people can unleash their potential—creating gains for all in terms of quality of life, employment and wealth generation. This Friday, I will get a first-hand look at some of that potential as I moderate part of the African Innovation Summit—sponsored by the U.S. Department of State in coordination with Meridian International Center—that will welcome more than 60 young African entrepreneurs to Washington, DC. And later this year, thanks to a new partnership, we will see some of the continent’s most promising entrepreneurs compete during Global Entrepreneurship Week.
Startup Act 2.0 Introduced in House
A few weeks ago, we told you about the Senate version of Startup Act 2.0—sponsored by a bipartisan group of four U.S. Senators. Not to be outdone, the House introduced identical legislation last week thanks to Congressman Michael Grimm (R-N.Y.) and Loretta Sanchez (D-Calif.) along with a group of cosponsors—Kevin Yoder (R-Kan.), Jared Polis (D-Colo.), Devin Nunes (R-Calif.), Russ Carnahan (D-Mo.) and Robert Dold (R-Ill.).
Small Businesses Keeping Positive
Confidence is on the rise among small business owners. A new survey from Citibank shows a sizable jump in the number of those who said their own business is better than it was a year ago—from 24 percent in August 2010 to 43 percent in June 2011. The sentiment seems consistent with others targeted toward entrepreneurs—including the Startup Confidence Index from the Kauffman Foundation.
An Entrepreneurial Approach to Higher Education
If the U.S. is going to put higher education back on the path to innovation and entrepreneurship, it's going to have to address a number of looming challenges--not just the skyrocketing cost of a college degree. College 2.0: An Entrepreneurial Approach to Reforming Higher Education outlines those challenges and showcases ambitious ideas for reinventing higher education, focused on making better use of technology, developing a culture of measurement and performance incentives, and creating smarter regulation.
This Week in Entrepreneurship Policy
The House of Representatives is in a week-long recess and will return to action next Monday. In the meantime, a handful of Senate committees have hearings scheduled that may be of interest to entrepreneurs and those who support them—including a look at competitiveness and collaboration between the U.S. and China on clean energy.
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.