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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.
There is a growing realization that entrepreneurs don’t necessarily have to emerge from business schools—some emerge through other academic disciplines like engineering or music, some drop out of school to pursue their startups, and some avoid post-secondary education altogether. But that doesn’t mean that entrepreneurs can’t come from business schools. And if you ask business school students themselves, they would tell you that the Worcester Polytechnic Institute is at the top of the list.
Last week, President Obama’s FY 2014 budget was released—with a number of proposals that could affect entrepreneurs and small business owners. This week, that budget gets a closer look during a number of committee hearings. Other topics include: comprehensive immigration reform, entitlement reform proposals, tax fraud and identity theft, regulatory burdens on community banks, patent litigation, antitrust laws, health care reform.
When we last checked in on the performance of the venture capital industry, the dollars raised in 2012 continued to rise for a second-straight year even though the number of funds dropped. According to the latest numbers from Thomson Reuters and the National Venture Capital Association (NVCA), that trend continued in the first quarter of 2013.
With both houses returning to Washington this week from recess, there are a number of hearings scheduled of interest to those interested in the policies that promote entrepreneurship. President Obama’s FY 2014 budget proposal gets a look in the Senate from the Budget and Finance committees. Other topics include: STEM education, the US position on internet governance, JOBS Act update, small business tax reform, regulatory reform and the state of communications in rural communities.
The nurturing of new and young firms has so far not been given much attention in prominent global gatherings. International government meetings have mostly concentrated on passive SME policy and others like the World Economic Forum have treated entrepreneurs as a side ring at the circus. The maturing of the Global Entrepreneurship Congress (GEC) to fill this gap is thus a welcome development.
The innovation performance in European Union countries is on the rise—cutting in half the gap between it and the United States. However, the internal gap between EU member nations is widening.
Both houses of Congress are still in Spring recess and will return next week. While reports differ on exactly how close Republicans and Democrats are to a deal on immigration reform, you can expect to hear a lot about the subject when they return—and in the weeks ahead.
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