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Being born in Britain might explain my bias, but I find myself asking again whether we have overlooked the important leadership role of royalty in providing help from the top for bottom-up startup communities. I recently spoke with the Prince of Wales at St. James Palace in London and while he is from a different generation, I heard a man with his heart and mind fully in step with today’s unemployed youth and the path they must beat to create their own future as entrepreneurs.
Last week, a patent reform bill, the America Invents Act (H.R. 1249), passed the House of Representatives. On March 8, the Senate passed a similar patent bill (S. 23) by a broad margin. There is no doubt our patent system is broken with backlogs and litigation, but the bill’s net effect on innovative entrepreneurship is still unclear.
Entrepreneurs making a decision about obtaining angel versus venture financing should consider a new research finding that there are substantial differences in how angel investors and venture capitalists approach initial public offerings (IPOs).The Center for Venture Research at the University of New Hampshire (UNH) presented...
The Polish startup scene is looking increasingly vibrant. For some time now, technology blogs have been covering Polish startup expos, competitions and meetings such as Startup Weekend, PitchRally, E-nnovation and Startup Fest that are happening with some regularity across major cities. And Poland was one of the first winners of a Global Entrepreneurship Week Award. Is Poland poised to take the lead in Eastern Europe?
As economic recovery indicators fell flat last week, the leaders of G20 nations held meetings in Russia. Entrepreneurs were present and armed with a two reports from a couple of “Big 4” heavyweights to help them deliver their message -- “Help us help you stimulate job creation.” We take a look this week at some of the highlights of what the authors had to say.
In Cairo, the Minister of Education, the President of the Financial Supervisory Authority and other high-ranking officials gathered on November 15 for the Launch of the Global Entrepreneurship Week. At this event, participants shared knowledge on how to build an entrepreneurial environment. Egyptian leaders tapped...
The world economy has disappointed this year with its jobless recovery and continuing financial instability. Clearly, the country needs more entrepreneurs. A recent poll in the U.S. shows that those ages 18-34--the so-called “Millennial Generation”--are that entrepreneurial bunch. Fifty-four percent of “millennials” either want to start a business or already have started one. And judging by last week’s vibrant Global Entrepreneurship Week, this seems to be a global phenomenon and one driven by people who want to do good and do well.
“In business, the only certain thing is failure. Especially when you operate in a place like Indonesia,” Sandiaga Uno said earlier this year during his visit to the U.S. for President Obama’s Summit on Entrepreneurship. After being laid off during the financial crisis in Asia in the late 90s, Uno decided to try entrepreneurship to pay off credit card debt and put food on his family’s table. He is now the renowned co-founder of Saratoga Capital, the first private equity firm in Indonesia focusing on natural resources that grew from four workers to about 15,000 employees.
Next week, King Mohammed VI of Morocco is visiting President Obama in Washington, DC, on the heels of an announcement that his Majesty’s government will convene an entrepreneurship summit in 2014 with the U.S. Government. Morocco has much to gain from its new partnership with the United States around startups.
Yesterday at a press conference at the Capitol, Senate Committee on Small Business and Entrepreneurship Chair Mary Landrieu, D-La., Assistant Senate Majority Leader Dick Durbin, Sen. Jeff Merkley, D-Ore., and Sen. Blanche Lincoln, D-Ark., discussed the effects skyrocketing health care costs on small businesses and...
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