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While entrepreneurs can be found anywhere, I take particular interest in what the most populous countries are doing to comb their citizens for entrepreneurs. Italy is the sixth most populous country in Europe, and the twenty-third most populous in the world. It also has the world's seventh-largest nominal GDP. Unfortunately, it also has the sixth highest government budget and a large public deficit, such that the economic confidence crisis in the Euro zone that sparked in Greece put a spotlight on Italy´s economy, which faces similar insolvency risk. With Italy´s public debt around 120 percent of GDP and growing, policy options are increasingly constrained. Fortunately, spurring entrepreneurship is not necessarily expensive (although it does take political commitment) and is a proven source of economic energy.
While the global financial crisis impacted almost all new entrepreneurs, it began in developed countries and hit their entrepreneurs harder. As a result, in richer countries, new business creation dropped sharply amid the crisis. In contrast, new business registrations in many low-income countries didn't change much. These are the findings in The 2010 World Bank Group Entrepreneurship Snapshots, which presents data collected about newly registered companies in 112 countries and was released recently.
Earlier this month, the U.S. Department of the Treasury delayed a key provision of Affordable Care Act (ACA)—the requirement that companies with more than 50 employees extend health insurance to their full-time staff. Then, the House of Representatives passed a bill extending the same relief to individuals, who under the law would start facing tax penalties if they go without health insurance next year. It prompted me to take a fresh look at progress overall.
Today, I would like to discuss the education-related recommendations outlined at the Kauffman Foundation’s State of Entrepreneurship address. We have long been aware that American education is struggling to stay competitive. We also know that the development of entrepreneurial skills, such as opportunity recognition and prudent...
OECD data released in the July issue of Entrepreneurship at a Glance shows that startup rates remain largely below pre-crisis levels. This is particularly so in the Euro area.
Being born in Britain might explain my bias, but I find myself asking again whether we have overlooked the important leadership role of royalty in providing help from the top for bottom-up startup communities. I recently spoke with the Prince of Wales at St. James Palace in London and while he is from a different generation, I heard a man with his heart and mind fully in step with today’s unemployed youth and the path they must beat to create their own future as entrepreneurs.
Last week, a patent reform bill, the America Invents Act (H.R. 1249), passed the House of Representatives. On March 8, the Senate passed a similar patent bill (S. 23) by a broad margin. There is no doubt our patent system is broken with backlogs and litigation, but the bill’s net effect on innovative entrepreneurship is still unclear.
Entrepreneurs making a decision about obtaining angel versus venture financing should consider a new research finding that there are substantial differences in how angel investors and venture capitalists approach initial public offerings (IPOs).The Center for Venture Research at the University of New Hampshire (UNH) presented...
The Polish startup scene is looking increasingly vibrant. For some time now, technology blogs have been covering Polish startup expos, competitions and meetings such as Startup Weekend, PitchRally, E-nnovation and Startup Fest that are happening with some regularity across major cities. And Poland was one of the first winners of a Global Entrepreneurship Week Award. Is Poland poised to take the lead in Eastern Europe?
As economic recovery indicators fell flat last week, the leaders of G20 nations held meetings in Russia. Entrepreneurs were present and armed with a two reports from a couple of “Big 4” heavyweights to help them deliver their message -- “Help us help you stimulate job creation.” We take a look this week at some of the highlights of what the authors had to say.
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