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you look in the media these days you see alleged signs of impending economic
doom—from the ‘financial cliff’ threatening to punish United States
policymakers if they can’t reach agreement soon to the Eurozone crisis with the
Greek economy on the edge of collapse. Certainly all very troubling, but it is
only one side of the coin. For the past 10 days, I have seen the other side—a
side full of hope and promise thanks to a burgeoning movement to embrace
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.
Today marks the official opening of Global Entrepreneurship Week, now celebrated in 131 countries. Throughout this week, roughly 25,000 partner organizations will be actively engaged in holding 35,000 events, activities and competitions--engaging more than 7 million participants and equipping them with the skills and connections to take the next step in their entrepreneurial journey. But GEW is more than just a celebration, it is attracting new talent to the field and supplementing grassroots startup energy with top down endorsements that legitimize entrepreneurship.
After the longest pre-election recess in history, members of Congress return to the status quo in Washington, DC this week for a lame duck session. Very few hearings are currently on the books, but you can expect there to be a lot of discussions over the next month or two about the looming fiscal cliff.
WASHINGTON, DC – Nov. 12, 2012 – Dropifi’s web messaging platform that seeks to supersede the traditional “contact us” form has earned the Ghanaian tech startup the grand prize of 2012 Startup Open, a competition for startups with high-growth potential featured as part of Global Entrepreneurship Week (GEW) 2012. Dropifi was selected today out of 50 companies announced last month as the “GEW 50,” the best and brightest new startups around the globe.
When asked about the state of the national economy, a majority of startup business owners do not see it growing in the next 12 months—22 percent expect it to remain pretty much the same while another 34 percent expect it to worsen. The numbers on consumer demand are similar. Not surprisingly, 63 percent said that they had no plans to hire additional employees.
U.S. small business owners don’t necessarily think that high taxes are the biggest barrier to their success—but the complexity of the tax code is a different story. The plea for simplification continued into the area of regulations and licensing requirements.
The last several weeks of campaigning are finally (and thankfully for most of us) coming to a close with tomorrow’s election. Various polls have the presidential race as too close to call—not surprisingly, both campaigns are predicting victory. You can create and share your own predictions or just follow along tomorrow on CNN’s electoral map. If you are an avid election night junkie like all of us in Washington and want to track the battle to control Congress, we suggest Real Clear Politics maps for the U.S. House of Representatives and U.S. Senate.
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