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As Members of Congress return to Washington from their August recess, all eyes are on Syria and whether or not they will approve the use of military force to punish the regime of President Bashar al-Assad. Another issue looming is the debt ceiling and (seemingly perpetual) threat of a government shutdown that will require yet another temporary spending bill. Unsurprisingly, that doesn't leave much room or attention for hearings relevant to entrepreneurship. There are however a few in House committees already scheduled for this week.
The G20 Leaders Summit concluded last week in St. Petersburg, Russia, producing a 27-page G20 Leaders' Declaration document that outlines a plan for strong and sustained global economic growth. Weak growth in the aftermath of the global recession and persistently high unemployment—especially among youth—were at the top of the list of challenges.
Eighty-five percent of startup owners in the U.S. are confident that the next 12 months will bring greater profitability. The figure is a one percent increase over the first-quarter results of the Kauffman/LegalZoom Startup Confidence Index and the highest level since the young study began in early 2012.
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.
Proud to have beaten the odds arising from a transition to independence since 1991 and the legacy of a war that only ended in 1995, Croatia officially joined the European Union on July 1, 2013. Last month, I accepted an invitation to visit with the nation’s president, Ivo Josipović, at his retreat on the Brijuni Islands and found a nation already embarking on its next mission.
Thriving entrepreneurial hot spots do not just pop up overnight. It takes more than a few growing startups to turn a city intro a hub of entrepreneurial activity. This thought is confirmed by a new Kauffman Foundation white paper entitled “Path-Dependent Startup Hubs – Comparing Metropolitan Performance: High-Tech and ICT Startup Density”.
On Aug. 27, we are welcoming Slava Rubin, the CEO of Indiegogo, one of the most-successful and most-recognized crowdfunding platforms, to the Kauffman Foundation. We expect a full crowd for this event, but we also will be showing his presentation entitled “How to Raise $1Million in 30 Days or Less” on a live stream that can be found here.
Members of Congress are back in their home states and districts for the August recess. They are scheduled to return on Monday, September 9.
A few years back, a report from the Kauffman Foundation shook up the common perception that there were hordes of young tech geeks—all looking to build the next Google or Facebook—driving an entrepreneurial revolution. The Coming Entrepreneurship Boom showed that 55-64 year olds had the highest rate of entrepreneurial activity while 20-34 year olds had the lowest. Last week, a new survey from American Express OPEN shows that the Great Recession didn’t exactly make things any better for Generation Y.
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