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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:
A new book out takes a look at the long-term trends that are ushering in a new era of global prosperity—and you can probably guess the common thread. ‘The Coming Prosperity: How Entrepreneurs are Transforming the Global Economy’ offers analysis of economic and historical trends brought to life through the stories of entrepreneurs making a difference.
The JOBS (Jumpstart Our Business Startups) Act is one small step away from becoming law after its fast passage in Congress and President Obama has given reassurance that he will sign the bill when it gets to his desk this week (probably Thursday). The passage of the JOBS Act last Tuesday during a politically charged time is proof that entrepreneurship promotion is a bipartisan issue. As the clock moves relentlessly toward November, both sides of the aisle found common focus and set out to solve the entrepreneurial access to capital problem. The American public should be proud of how functional Washington was these past few weeks.
Two quiet weeks lie ahead on Capitol Hill as both houses of Congress are back in their home states and districts from April 2 – 15.
New data from the National Science Foundation shows that the amount spent by U.S. universities on research and development reached $61.2 billion in 2010--an increase of 6.9% from the previous year.
The FDA has issued new guidelines to explain to makers of new innovative medical devices how the agency goes about evaluating certain medical devices. Read more about the new guidelines.
With stadiums rising across the country for the 2014 World Cup soccer tournament and in Rio de Janeiro for the 2016 Olympics, it is clear Brazil itself is rising on the world stage. The country’s economic growth has led it to overtake the UK as the world's sixth-largest economy while the announcement last week that it won the bid to host the next Global Entrepreneurship Congress (GEC) will spotlight the role that entrepreneurs have played in the country’s newfound economic prowess and international standing.
According to a new paper from the Ewing Marion Kauffman Foundation, development spearheaded by entrepreneurs and startups could create a "virtuous circle" of growth and reform to overcome violence and weak governance in Pakistan and other fragile states where traditional development programs have failed.
While the Senate approved the JOBS Act late last week, it attached an amendment that requires House approval before the legislation makes it to President Obama to be signed into law. However, the amendment—which increases investor protections in crowdfunding—is not enough to derail the hugely popular legislation which is expected to sail through the House easily this week.
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