to page content
to site navigation
Explore the Entrepreneurship.org Resource Center to find resources. Designed with entrepreneurs in mind, our resource center allows you to find materials to grow great ideas.
While the startup genome in Silicon Valley is always mutating, some formulas are becoming basic tenets in the science of startups. A critical mass of email about my use of the word “iterative” in my blogs prompts me to revisit one such startup fundamental—the so called “Lean Startup” formula.
Following the Independence Day holiday, members of Congress have a full slate of hearings in the week ahead. Included is a look from the House Committee on Oversight & Government Reform at the impact on entrepreneurs of the Supreme Court decision validating the Patient Protection and Affordable Care Act. Other hearings cover topics including: commercializing NASA technologies; mobile payments; renewable energy; regulatory reform and more.
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:
Earlier this month, I hosted a gathering of 40 experts from Japan at our new GEW Global conference center in Washington, DC, where we discussed the notion that Japan needs to launch a rebirth by being more open, building a better startup ecosystem, bringing in more foreigners and sending more Japanese overseas. We also looked at whether Japan needs more examples of Japanese startup success that underscore the importance of globalization—startups that convince others that taking risks is alright, and political leadership that encourages entrepreneurial behavior even if only to keep Japan’s big businesses competitive and dynamic. We concluded that Japan needs to celebrate the great Japanese pioneers and entrepreneurs who built some of the most innovative companies in the world and pose the entrepreneurial imperative to a new generation.
Two prominent Japanese professors recently authored the Fukao-Kwon report, which revealed that from 1996-2006, when total employment in Japan decreased by 3.5 million, young, newly established firms and foreign companies were the only ones to create net job growth. This report also suggests that new companies have higher success rates than older, established companies in Japan and that entrepreneurs clearly need to be the central catalysts in Japan’s next chapter. Have the great innovators of the post-war years – Toyota, Nippon Steel, Sony, etc – become so huge and successful that they have lost their propensity to create disruptive new technologies?
Another week with a lot of activity on the House side. The JOBS Act is the focus of a couple hearings by the House Committee on Oversight & Government Reform while other topics include: research universities and technology transfer; international intellectual property enforcement; regulation of mobile payments and the future of video. Also, the pending increase on the capital gains tax is the subject of a joint hearing of the House Ways & Means Committee and the Senate Finance Committee.
Dell made a splash last week with its announcement of the Dell Innovators Credit Fund—a $100 million initiative intended to amplify the effects of venture or angel funds recently invested by a select group of VCs or angel investors. Once startups are approved, they can borrow up to 10% of their funded amount—up to $150,00—for an added boost to their growth trajectory.
The White House is getting attention recently for its efforts at X Prize style competitions—which makes sense since its ‘assistant director for grand challenges’ is a former X-Prizer. One of the challenges at the heart of that approach is its i6 Challenge—a $6 million competition that “seeks to develop Proof of Concept Centers and create a network of experts to support innovators and researchers; spur sustainable startups, small businesses, and new ventures; expand access to capital to fuel growth; connect mentors and education to entrepreneurs; and spark job creation.”
The House of Representatives returns from a week-long recess with a full slate of hearings and activities of interest to entrepreneurs and those who support them. Highlights include Startup Day which puts 18 startups on Capitol Hill meeting with members of Congress and a hearing on efforts to boost technology transfer through a look at “creative approaches to the Bayh-Dole Act.” Other hearings cover topics such as the nation’s science policies, commercializing space, the looming fiscal crisis and small business lending.
Want to get connected? Sign up to receive regular news, polls and updates from The Kauffman Foundation.
A robust online curriculum for entrepreneurs.
Explore Founders School >
A network of U.S. cities facilitating a weekly entrepreneur education program. Go to 1 Million Cups >
Whether you are starting or growing a company, FastTrac will help you live your dream at each stage.
Get started with FastTrac >