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That was the title of the July 20 event of the New America Foundation, in which the Kauffman Foundation’s Bob Litan laid out some principles to provide a sense of direction in the heavy debate on whether innovative entrepreneurship lies in the hands of government...
The spirit of entrepreneurship was alive and well at last week’s Presidential Summit on Entrepreneurship. The White House took a political risk in hosting a summit on “global” entrepreneurship in a climate when so many Americans, anxious about their local economy, are easily blinded to...
One of the major supporters of DEMO Africa and LIONS@frica with me in Nairobi last week was Nokia. As I took a look at just how much innovation Nokia has created, I was curious to look further into the current startup culture in its home country of Finland and see just how important high-growth entrepreneurship is to its economy.
Another news article has highlighted the overproportion of entrepreneurs in places like Silicon Valley: over half (52.4 percent) of the startups contributing to innovation and wealth creation in that region have at least one immigrant founder. This New York Times article asks “Why this overproportion?”...
A recent blog by Dan Isenberg from Babson College argues that there has been too much focus on startups around the world and that “infinitely more important is to embed scale-up.” Of course, Dan has a point in that I frequently hear leaders outside the United States lament their lack of billion dollars firms, but I think we are far from the point when we can stop advocating for better support for new starts. Not only is most of the world still focused on size not age of firms—talking “SMEs”—but we still do not know enough about the science of startups and how to best support those that want to scale. As with kids—to play along with Isenberg’s analogy—we have to help firms start better if they are to scale later in life and now is not the time to pull back the throttle on legitimizing founders and startups as a centrepiece of that economy policy.
When the Global Entrepreneurship Congress convenes in Liverpool next week, one of the largest delegations will come from Canada. A few weeks ago, I had the opportunity to tour one of Canada’s best startup cities—Waterloo—which offered some useful insights for the global entrepreneurship community.
As elections approach and there is a lot of debate on which is the best road to a robust economy with more jobs, policymakers should take time to listen to the message of the just-released Kaufman Foundation videos on the benefits of high-skilled immigration. With Washington being unwilling to separate the obviously different issues of high-skilled immigration and how to handle illegal immigrants, a net job gain strategy remains hostage to politics as usual in the nation’s capitol.
It was an active week for encouraging more startups in the nation’s capital. Take Thursday, December 8th. While I participated in a morning panel discussion on Capitol Hill with U.S. Senator Mary Landrieu (D-LA) and others, U.S. Senators Jerry Moran (R-Kan.) and Mark Warner (D-Va.) introduced the bipartisan Startup Act, the White House announced that the Obama administration had committed $2 billion in public and private resources to support job-creating startups, and Startup America Partnership board members—at the White House for their first official board meeting—outlined commitments from more than 50 private-sector partners that amount to over $1 billion over the next three years.
New legislation introduced this month in the Senate could turn what was anticipated to be a sleepy start on Capitol Hill for entrepreneurship advocates into a fresh look at how Washington, DC, helps entrepreneurs and new firms.
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