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I was disappointed to have been unable to make the 2014 Global Entrepreneurship Congress last week in Moscow. It's a historic event, in its fifth year, that gathers startup champions from around the world--entrepreneurs, investors, researchers, thought leaders and policymakers--to work together to help bring ideas to life, drive economic growth and expand human welfare. This kind of annual assembly has contributed to the expansion of a global entrepreneurial ecosystem by connecting experts and entrepreneurs across borders and sectors to unleash their ideas and transform innovation into reality.
Total addressable market, or TAM, refers to the universe of revenue opportunities for a product or service.
A healthcare entrepreneur initially planned to be intentional in building her team. But self-selection took over.
Dozens of teams spent the weekend at Healthcare's Grand Hackfest brainstorming on novel ideas to solve problems in healthcare. And at least some of the participants continue to pursue projects that got their start during the Hackfest.
For years, Dave Felker created equipment for one of the world's leading golf companies, Calloway Golf. There he designed golf balls and clubs for the game's best golfers. Then, Dave left Calloway. Throwing the USGA rules out the window and using the laws of physics instead, Dave created the Polara golf ball, which would help correct an average golfer's hook or slice.
The Obama Administration unveiled additional details recently of its FY 2015 budget request, which includes $25 million for a Regional Innovation Strategies Program that will continue coordinated interagency competitions.
Each day, Innovation Daily checks the pulse of global innovation--courtesy of Innovation America. Below, we take a look at a handful of relevant stories compiled from the last week.
I have just returned from the Global Entrepreneurship Congress (GEC) where this year over 5,000 people gathered from 153 countries to talk about starting and scaling new firms. Of note this year was the fact that the gathering was held in Moscow at a time of geopolitical tension around Crimea. Given that the Olympics in Sochi attracted less than 100 nations, the GEC last week provided clear evidence of the powerful role entrepreneurs now play on the global stage.
Congress gets back into full swing this week with a collection of committee hearings on Capitol Hill. The House Small Business Committee has a couple of hearings of interest -- first reviewing the proposed SBA budget for 2015 and then exploring the negative impact occupational licensing has on entrepreneurship and jobs. Other topics covered include: a possible end to the Fed's quantitative easing program, the proposed 2015 budget request for science agencies, bankruptcy reform, cyber security, the international financial system, quantitative easing and improving access to power throughout Africa.
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