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This week we can expect President Obama to speak to immigration reform and a new immigration proposal to be unveiled in the Senate. I have discussed in this blog the importance of creating a U.S. Startup Visa for high skilled immigrants—but only in the context of America’s loss. We take a look today on what America's loss in terms of brainpower and innovation skills means for one nation—India.
Unless you completely unplugged over the holidays, you know that if Democratic and Republican lawmakers could not bridge their differences on how best to reduce the nation's budget deficit and debt, the Budget Control Act of 2011 mandated a combination of spending cuts and tax increases to take effect January 1, 2013. While Washington kicked the can down the road on budget cuts, the cliff was avoided – but what does the deal mean for American entrepreneurs?
While the number of programs aimed at encouraging more entrepreneurship has increased rapidly, research has not kept pace. A new effort announced last Friday by U.S. Secretary of State John Kerry aims to help fill that void. The Global Entrepreneurship Research Network (GERN) was founded by the Kauffman Foundation, World Bank and Endeavor Insight to standardize data and work to gain a better understanding of policy barriers and what the right policies are for fostering entrepreneurship.
Last week, the Securities and Exchange Commission (SEC) moved one step further in enlarging the pool of capital available to entrepreneurs when it unanimously voted to propose regulations to allow unaccredited U.S. investors to invest in startups and small businesses for equity, as set out in Title III of the JOBS Act. I took a look at reactions to this latest step and how it compares to a couple of other nations on a similar mission.
Following last week’s comments on the Global Entrepreneurship Research Network, I offer a second and final post on matters arising from the government-convened entrepreneurship summit in Kuala Lumpur. The roundtable discussion among “startup policy” experts on October 12 signaled a new chapter in knowledge creation around how governments can better enable their startup communities.
Today I am headed to Kuala Lumpur, Malaysia, for a government-convened gathering of entrepreneurs and their supporters focused on advancing entrepreneurship in Muslim-majority countries. Although U.S. President Barack Obama had to cancel at the last minute due to the federal government shutdown, Secretary of State John Kerry is representing the U.S. Government and it promises to be no less of an important week for policy wonks, entrepreneurs and program leads keen on knowledge creation.
December is here already, but some policymakers in the U.S. are not ready to end the year with entrepreneurship-enabling legislation on the back burner. Taking an “across-all-industries” approach, the Start-up Jobs and Innovation Act introduced last month in the Senate aims to stimulate investment in research-intensive startups.
I ended Global Entrepreneurship Week 2013 last week in Moscow just in time to see a GEW-themed bus driving around different universities, schools and gatherings while testing young peoples’ entrepreneurial skills and engaging them in the world of founding businesses. Skeptics in the international community might want to take a closer look at what cities can do – even in environments where there are persistent national barriers to new firm formation.
Early in his Administration, President Enrique Peña Nieto embarked on a serious mission to fuel entrepreneurial growth by challenging Mexico to better tap into its people’s creativity and boost productivity. On January 11, 2013—less than two months after he took office—he signed a decree that created the National Institute for Entrepreneurs (INADEM). Few governments have institutionalized their commitment to building an entrepreneurship ecosystem as highly as Mexico, which now has a decentralized administrative office of the Secretariat of Economy dedicated to entrepreneurs.
In my final post of 2013, I summarize my top of mind developments in the world’s entrepreneurship data chest. Next year will herald a new era in evidence-based programming and policymaking as practitioners and policymakers alike—now committed to new firm formation—demand better data and analysis around what entrepreneurship promotion efforts are working and what is hype.
I know few of you plan to comb through entrepreneurship data and analysis over the holidays but the following summary might be helpful to all of us as we embark upon a renewed effort in 2014 to fill the gaps in what we can tell those who are eager to help founders start and scale new firms. This list is by no means comprehensive but rather what was most visible to me as a global observer and commentator. Please let me know what I missed.
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