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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.
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:
If the U.S. is going to put higher education back on the path to innovation and entrepreneurship, it's going to have to address a number of looming challenges--not just the skyrocketing cost of a college degree. College 2.0: An Entrepreneurial Approach to Reforming Higher Education outlines those challenges and showcases ambitious ideas for reinventing higher education, focused on making better use of technology, developing a culture of measurement and performance incentives, and creating smarter regulation.
Confidence is on the rise among small business owners. A new survey from Citibank shows a sizable jump in the number of those who said their own business is better than it was a year ago—from 24 percent in August 2010 to 43 percent in June 2011. The sentiment seems consistent with others targeted toward entrepreneurs—including the Startup Confidence Index from the Kauffman Foundation.
A few weeks ago, we told you about the Senate version of Startup Act 2.0—sponsored by a bipartisan group of four U.S. Senators. Not to be outdone, the House introduced identical legislation last week thanks to Congressman Michael Grimm (R-N.Y.) and Loretta Sanchez (D-Calif.) along with a group of cosponsors—Kevin Yoder (R-Kan.), Jared Polis (D-Colo.), Devin Nunes (R-Calif.), Russ Carnahan (D-Mo.) and Robert Dold (R-Ill.).
The House of Representatives is in a week-long recess and will return to action next Monday. In the meantime, a handful of Senate committees have hearings scheduled that may be of interest to entrepreneurs and those who support them—including a look at competitiveness and collaboration between the U.S. and China on clean energy.
Through its new ‘Innovation Fund America’ project, the Kauffman Foundation is betting that community colleges throughout the country can mentor and fund new high-growth startups—driving regional economic growth.
Faced with another disappointing jobs report—the unemployment rate rose to 8.2 percent in May—the Obama Administration is looking to a new multi-agency competition to develop regional clusters and create jobs while strengthening advanced manufacturing.
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