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I recently returned from participating in the 2nd Annual Rome Forum of the Harambe Entrepreneurial Alliance, hosted by the Vatican's Pontifical Council for Justice and Peace.
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.
While the number of programs aimed at encouraging more entrepreneurship has increased rapidly, research has not kept pace. A new effort announced last Friday by U.S. Secretary of State John Kerry aims to help fill that void. The Global Entrepreneurship Research Network (GERN) was founded by the Kauffman Foundation, World Bank and Endeavor Insight to standardize data and work to gain a better understanding of policy barriers and what the right policies are for fostering entrepreneurship.
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.
Today I am headed to Kuala Lumpur, Malaysia, for a government-convened gathering of entrepreneurs and their supporters focused on advancing entrepreneurship in Muslim-majority countries. Although U.S. President Barack Obama had to cancel at the last minute due to the federal government shutdown, Secretary of State John Kerry is representing the U.S. Government and it promises to be no less of an important week for policy wonks, entrepreneurs and program leads keen on knowledge creation.
Last week, we talked about Babson College's 17 year string of domination over the U.S. News & World Report's rankings for entrepreneurship education in U.S. colleges and universities. Not so fast, says Howard Marks, the founder of a Los Angeles based startup accelerator (StartEngine) who first made a name for himself as the founder of Activision—the world's first independent video game publisher (remember Chopper Command and Pitfall from the early '80s?).
Startups and entrepreneurs at every stage have a new resource to help them launch and grow. The new Kauffman Founders School—curated from years of the Kauffman Foundation's experience in developing and supporting entrepreneurship programs—is an online education portal that provides on-demand content that enables entrepreneurs to learn anywhere at anytime.
Look around and you will find a number of articles on the effects of the political stalemate / government shutdown on entrepreneurs. For “small businesses”, the effects are quite clear, mostly relating to government contracts (more than half the federal spending would go through federal contracts before the shutdown) and Small Business Administration (SBA) loans. In addition, with 62% of the SBA’s staff furloughed, all counseling is on hold until the government is back up and running. The suspension of these contracts, loans and services represents an immediate “brake” on the economy.
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