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It has been two years this week since the Kauffman Foundation took extensive research and data analysis around new firm formation, crafted a single document, and labeled it “The Startup Act.” Renaming the conversation that PDE had started earlier around how policymakers can make it easier for startups to emerge, create jobs and grow, was very effective in getting policymakers in Washington to take a look at entrepreneurship through the lens of helping new and young firms. But how far has America come in getting something done on their behalf?
With the August recess looming just ahead, it looks to be another busy week on Capitol Hill. The immigration debate looks to be moving one piece at a time as the House Judiciary Committee looks for a way to first resolve the status of illegal immigrants brought to the U.S. as children. Meanwhile, members of the House Science, Space and Technology Committee look for a way to improve technology transfer and advance innovation into the marketplace. Other topics covered include: regulatory barriers; SBIC; copyright law; NIST and the private sector on cybersecurity; and the state of wireline communications.
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.
Pressing ahead with its plan to build an entrepreneurial economy, Malaysia’s Ministry of Finance will host the fourth Global Entrepreneurship Summit (GES) on October 11-12, 2013. With the expected participation of U.S. President Barack Obama and other heads of state, the summit in Kuala Lumpur is set to be a milestone for Malaysia’s quest to become an entrepreneurship hub. I met with the planners in Kuala Lumpur recently to discuss progress.
After two consecutive months of increases (April and May), small business owner confidence dropped in June according to the National Federation of Independent Businesses. The latest Small Business Optimism Index shows a continued see-saw trend that remains mired between the depths of the recession in 2009 and the heights of the economic expansion of 2004-2005.
Federal Reserve Chairman Ben Bernanke makes a couple of appearances on Capitol Hill this week as he outlines monetary policy and the state of the U.S. economy. Meanwhile, the House Small Business Committee examines how the IRS selects, classifies and audits the tax returns of small businesses. Other hearings cover topics such as: clean energy financing, pooled retirement plans for small businesses, regulatory burdens and more.
Unemployment rates in Spain are one of the highest in the developed world, hovering around 25% this year. Worse, for those under the age of 25 the joblessness rate is more than double (57%). On a recent visit to Barcelona, I met a Prince doing something about it.
The European Commission is getting active in the world of accelerators and startups—announcing a new network of 20 programs including recognized leaders like Nesta, Seedcamp, TechStars London, Startup Weekend, Bethnel Green Ventures and Seed-DB. The Accelerator Assembly, backed by the EC as part of its Startup Europe initiative, is focused on improving the environment for web-based entrepreneurship through a collection of events, forums, workshops and research.
While debate continues whether the world is in economic recovery or facing a long-continuing crisis, Switzerland continues to go about its business. The small European nation held on to the top spot of the 2013 edition of the Global Innovation Index, co-published by Cornell University, INSEAD, and the World Intellectual Property Organization (WIPO, a specialized agency of the United Nations).
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