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In the search to find tomorrow’s job creators, Startup Open, a competition that searches for startups with the greatest growth potential, unveiled the “GEW 50”—50 of the world’s most innovative new companies. These elite startups will now vie for a host of prizes to be announced on Nov. 14, timed with the kick-off to Global Entrepreneurship Week.
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:
Acknowledging that something must be done to address the issue of immigration when it relates to high-skilled workers and job creators, the U.S. Citizenship and Immigration Services (USCIS) recently announced it was turning to Silicon Valley and other experts.
The House of Representatives returns to session while it is the Senate's turn for a one-week recess. The Ways & Means Committee takes a look at the barriers that US firms face tapping into the Chinese market, including: harmful "indigenous innovation" policies and failure to adequately protect intellectual property. Meanwhile, government procurement programs and the SBA's financing initiatives get a look from the Small Business Committee.
Women who are capable of starting growth companies that serve global markets may be the nation’s secret weapon for achieving sustained economic growth.
A few weeks ago, we mentioned that the Kauffman Foundation was expanding its Global Scholars Program to include up to ten (10) recent graduates from US colleges and universities. The deadline to apply for one of those slots is now only one week away—applications must be submitted by Monday, October 17.
A couple of bills intended to make it easier for startups and other companies to raise capital get the spotlight in the House this week. The Rule Committee has scheduled a hearing -- and live webcast – covering the 'Entrepreneur Access to Capital Act' (HR 2930) and 'Access to Capital for Job Creators Act' (HR 2940). Both tweak rules for the Securities and Exchange Commission. HR 2930 would allow new firms to use crowdfunding to accept and pool donations of up to $1 million without having to register with the SEC. HR 2940 would remove the SEC ban that now prevents small companies from advertising to solicit investors.
Late last week, Acting Deputy Secretary of Commerce Rebecca Blank and SBA Administrator Karen Mills announced two Presidential Memoranda intended to help businesses expand and create jobs. In addition to a new web portal, BusinessUSA.gov, the administration wants to encourage the creation of entrepreneurial startups by accelerating the movement of research conducted in federal labs into the commercial marketplace.
The National Foundation for American Policy released a policy brief last week that says international students who graduate from U.S. universities with advanced degrees in science, technology, engineering, or mathematics (STEM) should get a green card “stapled” to their diplomas. With a growing number of Ph.D.s and Masters degrees earned by foreign nationals in these fields, plus a tremendous backlog on available green cards, US competitiveness is suffering.
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