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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 on the role of universities in new business starts, entrepreneurial ecosystems enhancing economic diversification, knowing when to accept venture capital and growing confidence from venture capitalists.
Tuesday is a busy day for the Senate Committee on Small Business and Entrepreneurship. First, the committee will examine the challenges and advantages of an increasing number of seniors engaging in entrepreneurial activity. It will also conduct a nomination hearing for Maria Contreras-Sweet, President Obama’s pick to head the Small Business Administration. Meanwhile, the Senate Committee on the Budget will be reviewing the Congressional Budget Office’s latest report — The Budget and Economic Outlook: 2014-2024. Other topics covered by hearings this week include: the rapid growth of wireless technology and the Internet of Things, regulatory burdens, open science and innovation at the EPA, monetary policy and the minimum wage.
The big topic on Capitol Hill this week is protecting consumer privacy with one committee hearing in the House and three in the Senate. In late 2013, Target suffered a massive data breach affecting up to 110 million customers and they will be represented at two of the hearings — along with representatives from Neiman Marcus, Symantec, Consumers Union, U.S. Secret Service, Department of Homeland Security, Federal Trade Commission and more. Other topics covered by hearings this week include: the 2014 budget, inefficiencies in federal programs for small businesses, Dodd-Frank’s Volcker Rule, financial research and the commercialization of space.
Intellectual property (IP) refers to creations of the mind. For a startup, IP likely refers to a particular product.
Early-stage entrepreneurs and startups typically need to work with at least two types of lawyers.
Bit by bit, entrepreneurs throughout the U.S. are picking up confidence along the road to economic recovery — and they are willing to put their money where their mouth is. The latest Startup Confidence Index from the Kauffman Foundation and LegalZoom shows a greater willingness from entrepreneurs to put personal savings toward new business ventures. Personal savings as a means for funding the startup jumped from 66 percent in 2012 to 86 percent in 2013.
This week, I am on the ground in Italy where startup savvy policymakers are experimenting with new policies as fast as their startups are testing disruptive ideas. Both are racing in tandem to restore sustained economic growth to the Italian economy.
The Small Business Innovation Research (SBIR) program encourages U.S.-based small businesses to engage in research and development.
For the life science textile company PurThread Technologies, landing an exclusive deal to embed Eastman Kodak's antimicrobial agent into textiles was a major victory that deserved celebrating. But PurThread president and CEO Lisa T. Grimes has made sure the company also lauded smaller achievements along the way.
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