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At the Global Entrepreneurial Summit (GES) in Dubai last week, it was clear to me that there is a new level of engagement in developing more entrepreneurial economies at the highest levels of government in the Middle East and North Africa (MENA) region. The summit, a collaboration between the U.A.E. Prime Minister’s office and the Obama Administration, was an effort to leverage U.S. strengths in high growth entrepreneurship. Now that the summit is over, we take a look at the challenges before policymakers in the region in making the path easier for even more nascent entrepreneurs to succeed in the future.
With the holiday season approaching, almost all eyes in Congress are on the fiscal cliff deadline that is now only two weeks ahead. A recent proposal from House Speaker John Boehner with a couple of key concessions have led to a cautious optimism that a deal will be in place before long. In the meantime, the committee hearings schedule on Capitol Hill is quiet on the entrepreneurship front.
A recent global index shows the U.S. on the outside looking in of the world’s most prosperous countries. The 2012 Legatum Prosperity Index shows the trio of Scandinavian countries—Norway, Denmark and Sweden—at the top of the list while the U.S. has fallen out of the top 10 for the first time.
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.
Massachusetts is still the top state in the country when it comes to the new economy, according to the latest State New Economy Index from the Information Technology and Innovation Foundation. The report is the sixth in the series from ITIF with previous indexes published in 1999, 2002, 2007, 2008 and 2010. Massachusetts has claimed the top spot in each year.
The Board of Trustees of the Ewing Marion Kauffman Foundation last week announced the election of Thomas A. McDonnell as the Foundation's new president and chief executive officer. McDonnell, an experienced business leader with a track record of building global organizations that are both innovative and philanthropic, recently stepped down as CEO of DST Systems, Inc. He has been a Kauffman trustee since 2003 and chairman of the board since 2006. McDonnell succeeds Carl Schramm, who served as the Foundation's president and CEO from 2002 to 2011. Since January of this year, Kauffman trustee Benno Schmidt has served as interim CEO while the board conducted a national search for a new leader.
This year has afforded me the opportunity to visit dozens of nations and talk with their entrepreneurs. One nation remained elusive to me. In 2011, Thailand participated for the first time in Global Entrepreneurship Week (GEW) and I was keen to visit in either 2011 or 2012, but despite good faith efforts, I have been unable to make it there, mostly due to the likes of tragic flooding, the worst in 50 years last year for the country. So I turn today to virtual research.
As fiscal cliff talks continue amid mutual claims of ‘distrust’ from both parties, other discussions continue on Capitol Hill. The five FCC commissioners are scheduled to appear before the House Committee on Energy & Commerce this week to discuss spectrum auctions and other efforts to meet the soaring demand for wireless broadband services. The auctions were part of the Middle Class Tax Relief and Job Creation Act of 2012 and originated in the House Energy and Commerce Committee as Chairman Walden’s Jumpstarting Opportunity with Broadband Spectrum (JOBS) Act. Other hearings cover the future of NASA, tax incentives to promote energy efficiency and small business recovery efforts following Hurricane Sandy.
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