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Several hearings on policies that impact entrepreneurial growth are scheduled for the week ahead with the biggest being the Senate Judiciary Committee’s look at potential immigration reform through The Border Security, Economic Opportunity, and Immigration Modernization Act, S.744. Appearing earlier today were representatives from a range of entities including Microsoft, Rochester Institute of Technology, and the Center for Immigration Studies. On Tuesday, U.S. Secretary of Homeland Security Janet Napolitano appears before the committee during a hearing of the same title. Other topics covered in hearings throughout the week include: next-generation computing and “big data analytics”, the SBA budget, STEM workforce, small business lending, the state of wireless communications 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.
There is a growing realization that entrepreneurs don’t necessarily have to emerge from business schools—some emerge through other academic disciplines like engineering or music, some drop out of school to pursue their startups, and some avoid post-secondary education altogether. But that doesn’t mean that entrepreneurs can’t come from business schools. And if you ask business school students themselves, they would tell you that the Worcester Polytechnic Institute is at the top of the list.
When I asked Mbwana Alliy last month why he founded the Savannah Fund in Nairobi, he had a simple answer—it is East Africa’s technology hub. As part of PDE’s look at Africa I began last week, we focus today on Kenya.
Last week, President Obama’s FY 2014 budget was released—with a number of proposals that could affect entrepreneurs and small business owners. This week, that budget gets a closer look during a number of committee hearings. Other topics include: comprehensive immigration reform, entitlement reform proposals, tax fraud and identity theft, regulatory burdens on community banks, patent litigation, antitrust laws, health care reform.
When we last checked in on the performance of the venture capital industry, the dollars raised in 2012 continued to rise for a second-straight year even though the number of funds dropped. According to the latest numbers from Thomson Reuters and the National Venture Capital Association (NVCA), that trend continued in the first quarter of 2013.
Chatter about the promise of Africa is not new. Outside economists have been reminding us about relatively high GDP growth rates; China conspiracy theorists keep us informed about who is buying up the continent’s natural resources; and global aid agencies are constantly rewriting their strategies. What is new is the rise of a new generation of Africans that is actually making things happen.
Ask an expert which university has the leading university-based technology innovation ecosystem in the world and you are likely to hear them say “MIT.” A ranking of 120 universities that demonstrate a “decisive impact and significant contribution in the field of entrepreneurship and innovation” has pointed to the Massachusetts Institute of Technology as the world leader.
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