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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.
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.
Metropolitan entrepreneurship issues are the focus of two new Kauffman Foundation reports released last week at the Mayors Conference on Entrepreneurship held in conjunction with Global Entrepreneurship Week.
Following persistent speculation that a startup accelerator bubble was forming — fueled by the exploding popularity of bootcamps, hackathons, co-working spaces and all-things-startup — a new report on TechCrunch suggests the trend may be losing steam.
The next couple of weeks will be fairly quiet in Washington, DC, as Congress has adjourned for Thanksgiving holiday recess. The House will reconvene in one week on Monday, December 2, while the Senate doesn’t reconvene until the following Monday, December 9.
Americans know their celebrities, living or dead: a full 96 percent recognize the name Marilyn Monroe.
But say "Steve Jobs" to a U.S. resident, and the odds are barely better than 50/50 that you'll get a nod of recognition for the founder of Apple.
Even entrepreneurs who have made extraordinary contributions to the U.S. economy – and to daily life for millions – have relatively low public awareness, according to a study released today by the Ewing Marion Kauffman Foundation.
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