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Members of Congress have left Washington to travel back to their home districts and states for August recess. Last month, we pointed out a study from the Congressional Management Foundation that outlined what members typically do when they return home for recess. The pace of the August recess is slower than most and according to a story in National Journal last week, what members will do this August varies widely—ranging from international trips to local fundraisers and family vacations to face time with voters.
All it takes for a startup community to take root and thrive are the right seeds and soil. I recently saw this first hand in a seemingly off-the-beaten-path city – Telluride, Colo.
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.
According to the latest MoneyTree report from PwC and the National Venture Capital Association, the number of deals and dollars are up from earlier in the year. Venture capitalists invested $6.7 billion in 913 deals in Q2 2013—an increase of 12 percent in terms of dollars and 2 percent in the total number of deals. However, both are the lowest totals for the same quarter since the global financial crisis wreaked havoc in 2009.
It has been almost two years since Dell announced its own entrepreneur-in-residence program and now it is trying to convince state and federal agencies that it would be a good idea for them to do the same.
Earlier this month, the U.S. Department of the Treasury delayed a key provision of Affordable Care Act (ACA)—the requirement that companies with more than 50 employees extend health insurance to their full-time staff. Then, the House of Representatives passed a bill extending the same relief to individuals, who under the law would start facing tax penalties if they go without health insurance next year. It prompted me to take a fresh look at progress overall.
This is the last week before Congress breaks for the traditional August recess—when they will likely prepare for a looming September spending showdown. In the meantime, there are several hearings of interest—covering technology innovation, health care reform, employment figures, tax reform, patent reform and brain research.
According to a recent report on angel investing in the United States, more than 8 in 10 angel investments in the last 12 months were completed in the home state of the investor group and company. The Q1 2013 Halo Report—published by the Angel Resource Institute, Silicon Valley Bank and CB Insights—is based on 207 deals totaling $222 million invested.
High-growth entrepreneurs in Kansas City have a lot going for them—Google Fiber, the Kansas City Startup Village, 1 Million Cups and access to an array of programs and resources from the Kauffman Labs for Enterprise Creation. Still, more can be done to boost the region’s already dynamic startup scene and help young companies thrive.
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