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The medical device industry watched with interest as the U.S. Supreme Court ruled on the Affordable Care Act. Read more for their reactions.
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:
Earlier this month, I hosted a gathering of 40 experts from Japan at our new GEW Global conference center in Washington, DC, where we discussed the notion that Japan needs to launch a rebirth by being more open, building a better startup ecosystem, bringing in more foreigners and sending more Japanese overseas. We also looked at whether Japan needs more examples of Japanese startup success that underscore the importance of globalization—startups that convince others that taking risks is alright, and political leadership that encourages entrepreneurial behavior even if only to keep Japan’s big businesses competitive and dynamic. We concluded that Japan needs to celebrate the great Japanese pioneers and entrepreneurs who built some of the most innovative companies in the world and pose the entrepreneurial imperative to a new generation.
Two prominent Japanese professors recently authored the Fukao-Kwon report, which revealed that from 1996-2006, when total employment in Japan decreased by 3.5 million, young, newly established firms and foreign companies were the only ones to create net job growth. This report also suggests that new companies have higher success rates than older, established companies in Japan and that entrepreneurs clearly need to be the central catalysts in Japan’s next chapter. Have the great innovators of the post-war years – Toyota, Nippon Steel, Sony, etc – become so huge and successful that they have lost their propensity to create disruptive new technologies?
Since the House & Senate each passed identical versions of the Startup Act 2.0, the legislation has picked up a growing list of impressive endorsements. Topping the list is tech giant Google.
Another week with a lot of activity on the House side. The JOBS Act is the focus of a couple hearings by the House Committee on Oversight & Government Reform while other topics include: research universities and technology transfer; international intellectual property enforcement; regulation of mobile payments and the future of video. Also, the pending increase on the capital gains tax is the subject of a joint hearing of the House Ways & Means Committee and the Senate Finance Committee.
A life science company needs an intellectual property strategy in China, according to one successful entrepreneur. Read more for tips on securing your intellectual property.
With changes in the patent process favoring life science companies who are first to file an idea, companies can't be afraid to file multiple applications, including some that are never used. Read more about filing to protect your intellectual property.
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