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This week, President Obama will turn his focus from budget sequestration to immigration. A new Kauffman Foundation report released last week argues that making 75,000 Startup Visas available for current holders of H-1B and F-1 visas who start companies could create as much as 1.6 million U.S. jobs in the next 10 years. Will Washington act or, if they cannot agree, throw the baby out with the bath water?
While most attention on Capitol Hill these days centers on the budget sequester—what it means and who is to blame – there are a number of committee hearings that should be of interest. In particular, the House Judiciary Committee has a busy day planned for Tuesday—with three subcommittee hearings on American competitiveness—and another to follow on Thursday. Topics covered in those and other hearings include: immigration reform, patent litigation, the impact of health care reform on small business, wasteful spending, cyber-security and more.
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.
Readers of this blog know that we credit the greater availability of data on entrepreneurship for the healthy race to build the best start-up ecosystem that is going on around the globe. By revealing weak areas in a country’s entrepreneurship ecosystem and enabling cross-country comparisons, data can yield important implications for economic and regulatory policy.
Is the third time really the charm? A bipartisan group—U.S. Senators Jerry Moran (R-Kan.) and Mark Warner (D-Va.), along with Chris Coons (D-Del.) and Roy Blunt (R-Mo.)—recently introduced Startup Act 3.0, aiming to revitalize the economy by making it easier to start and grow new firms.
Thousands of people from 135 countries have already confirmed their participation for next month’s week-long Global Entrepreneurship Congress (GEC) and festival in Rio de Janeiro. As chair of the GEC for the past few years, I have witnessed the emergence of this global platform for collaboration among entrepreneurs, their investors and national leaders held outside the United States. So what happens at the GEC?
More than 20 years ago, MTV launched the reality TV genre by throwing a group of strangers together in the same house to live and work. The show started in New York and has been filmed in 27 cities since. While Kansas City never had a chance to “find out what happens when people stop being polite... and start getting real” it is getting something even better—and certainly much less annoying—the Brad Feld’s KC Fiberhouse.
Clear your schedule for the rest of the week if you plan on tracking all of the relevant congressional committee hearings. The “House side” of Capitol Hill is particularly busy with hearings on the budget and monetary policy with Federal Reserve chair Ben Bernanke, the impact of e-verity on immigration, broadband stimulus, regulatory hurdles and more.
The newest installment of the Kauffman Sketchbook video series tells the great American success story of an immigrant entrepreneur who starts with very little yet achieves great things. The video features Gururaj "Desh" Deshpande, an Indian American venture capitalist and entrepreneur, who is co-founder of the Deshpande Center for Technological Innovation at MIT and the Deshpande Foundation.
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