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It looks to be a fairly quiet week on Capitol Hill. Members of the House are out of town, back in their congressional districts for a constituent work week. Meanwhile in the Senate, the America COMPETES Act—which funds government research and development initiatives and STEM initiatives—is up for reauthorization and will be the focus of a hearing by the Commerce, Science and Transportation Committee. The health insurance marketplace also gets a look from a couple of committees.
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 pair of reports coming out in the last week point paint a picture of a fairly stable angel investing market in the U.S. The Q2 2013 Halo Reportfrom the Angel Resource Institute and the Q1 Q2 2013 Angel Market Report from the Center for Venture Research suggest that year-on-year numbers were either fairly flat or trending upward slightly.
You can file this under "the impact of networks"--or perhaps more simply, "it takes one to know one." A new paper from the Kauffman Foundation shows that there is a link between knowing an entrepreneur and being one yourself. And while "Getting the Bug: Is (Growth) Entrepreneurship Contagious?" doesn't necessarily suggest causality, it doesn't take a leap of faith to think that connecting the uninitiated to more entrepreneurs would increase the likelihood that they would become entrepreneurs themselves.
Following last week’s comments on the Global Entrepreneurship Research Network, I offer a second and final post on matters arising from the government-convened entrepreneurship summit in Kuala Lumpur. The roundtable discussion among “startup policy” experts on October 12 signaled a new chapter in knowledge creation around how governments can better enable their startup communities.
With the federal government back in business, a couple of House committee hearings are on our radar screen for the week ahead. Financial Services examines challenges to capital formation while Energy & Commerce review the evolution of wired communications networks. Currently there aren't any hearings scheduled on the Senate side--but the Senate Committee on Small Business and Entrepreneurship has an archived webcast of a hearing last week featuring small business owners on the impact of the government shutdown.
Last week, we mentioned some of the negative impacts of the government shutdown on small business owners and entrepreneurs. The most recent Small Business Optimism Index from the National Federation of Independent Businesses says that while the September figures might be too early to really measure the full impact of the shutdown, the economic outlook is definitely depressed.
Why schedule hearings when the federal government is shutdown and facing default? No Congressional committees have scheduled relevant hearings for the week ahead. Meanwhile, all eyes are on the October 17 default deadline which would be more than a blip on the global economic radar.
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