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U.S. Senator Mary Landrieu recently moved on from her spot atop the U.S. Senate Committee on Small Business and Entrepreneurship—which she held since 2009—in order to take over the Energy & Natural Resources Committee. Taking her place is Senator Maria Cantwell of Washington. Cantwell is no stranger to the tech startup world, having spent five years (from 1995-1999) at RealNetworks in Seattle after a stint in the U.S. House of Representatives.
With the economy finally gaining steam after four years of a stop-and-start recovery, the Kauffman Foundation kicked off its “America's New Entrepreneurial Growth Initiative” at the fifth annual State of Entrepreneurship Address. The main output will be a New Entrepreneurial Growth Agenda by early 2016.
A couple of pieces of legislation on regulation and taxes get a closer look this week in the House while competition in the wireless market and the semi-annual monetary policy report highlight activity in the Senate. Other topics covered by hearings this week include: equity market structure, health insurance, access to energy, veteran employment, infrastructure improvements and more.
For the past four years, the Kauffman Foundation has held a State of Entrepreneurship Address . This week, the fifth annual address is streaming live from the National Press Club in Washington, DC. Kauffman President and CEO Tom McDonnell will present the state of entrepreneurship in America and kick off the Foundation's "America's New Entrepreneurial Growth Agenda," which will highlight recommendations for more prosperity.
It has now been more than a year since the United States Congress restarted efforts to overhaul the nation’s immigration laws. Despite expected resistance from conservatives, the effort looked promising initially, with strong support from business, labor and President Obama. It was disappointing news for many when John Boehner, Speaker of the House of U.S. Representatives, conceded last week in a news conference that it is going to be politically difficult to move the overhaul forward this year.
Are governments wasting their time and money with all of their efforts to promote entrepreneurial growth in their communities and countries? Not quite, but they could certainly be spending their resources more wisely. A new report from the Kauffman Foundation argues “despite billions of dollars in government research expenditures, the presence of research universities and patents are not associated with higher rates of entrepreneurship” and “the public sector can affect few significant factors to encourage entrepreneurship.”
While startup cities are just emerging, there are smart and sophisticated steps being taken to develop healthy entrepreneurial ecosystems across the African continent. I take a look at one such collaboration, LIONS@FRICA, that promises to set a new example of how the willing can better help in Africa.
The big topic on Capitol Hill this week is protecting consumer privacy with one committee hearing in the House and three in the Senate. In late 2013, Target suffered a massive data breach affecting up to 110 million customers and they will be represented at two of the hearings — along with representatives from Neiman Marcus, Symantec, Consumers Union, U.S. Secret Service, Department of Homeland Security, Federal Trade Commission and more. Other topics covered by hearings this week include: the 2014 budget, inefficiencies in federal programs for small businesses, Dodd-Frank’s Volcker Rule, financial research and the commercialization of space.
Each day, Innovation Daily checks the pulse of global innovation--courtesy of Innovation America. Below, we take a look at a handful of relevant stories compiled from the last week on the role of universities in new business starts, entrepreneurial ecosystems enhancing economic diversification, knowing when to accept venture capital and growing confidence from venture capitalists.
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