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A lot has happened over the last twelve months in terms of the entrepreneurial economy. Twitter went public with the most-talked about IPO of 2013. Moving the other direction, Dell went private as Michael Dell emerged victorious in a very public and contentious battle with activist investor Carl Icahn--and then claimed Dell as "the world's largest startup." There were also major entrepreneurship gatherings in Brazil (Global Entrepreneurship Congress) and in a number of other countries -- like Malaysia, Libya and Kenya -- that don't immediately come to mind when one thinks "startup hotbed."
Now that 2013 is largely behind us, we take a look at the 10 most popular PDE posts from the last year at entrepreneurship.org. In fact, it's a post on one of those emerging hotspots that tops the list.
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.
In last week’s This Week in Entrepreneurship Policy post, we talked about a couple pieces of legislation to make it easier to start and scale new firms that were getting a close up look and vote from the House Rules Committee. Both of them—the Innovation Act (H.R. 3309) and the Small Business Capital Access and Job Preservation Act (H.R. 1105)—passed the House last week and are now on their way to the Senate.
Despite an abundance of world class research institutions like MIT and Stanford, the United States lags far behind many other nations in terms of funding university research. In a recent study by the Information Technology and Innovation Foundation, the U.S. finished 24th out of 39 countries in government funding and 27th in terms of business funding.
Still perceived by many to be the choice of currency for shady black market dealings, Bitcoin is starting to gain legitimacy as a valid form of digital currency. A disruptive innovation that has led to a number of startups and even its own Silicon Valley accelerator, Bitcoin has already succeeded in challenging the long-held notion that governments control the supply of money. And now it has a Foundation making the rounds on Capitol Hill.
Back in the summer months, Switzerland came out on top of INSEAD’s 2013 Global Innovation Index that measures an country’s innovation capacity. It should stand to reason then that Switzerland does well in terms of attracting and developing the human capital necessary to drive that innovation. In its new Global Talent Competitiveness Index, INSEAD again points to Switzerland as the place to be.
Members of the Senate are still on Thanksgiving recess but the House is back in action. The House Rules Committee will work on a couple pieces of legislation this week before they hit the House floor. The Innovation Act (H.R. 3309) takes aim at patent trolls through a number of reforms including increased transparency and ‘fee shifting’ so the loser pays attorney fees in a patent case. The Small Business Capital Access and Job Preservation Act (H.R. 1105) would effectively exempt private equity firms from registering with the Securities and Exchange Commission. Other topics covered by committee hearings include: the bankruptcy code, small business lending, regulatory burdens on small financial institutions, the impacts of the health care law on small employers and government regulation in a changing energy landscape.
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