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Ceaseless uncertainty in Washington and mixed signals from economic indicators have not dampened the outlook of new business owners, who express rising confidence in their prospects in the third-quarter 2013 Kauffman/LegalZoom Startup Confidence Index. Released by the Ewing Marion Kauffman Foundation and LegalZoom, the Index reports that entrepreneurs’ confidence climbed to 86 percent, setting a new high for the study, which was initiated in first quarter 2012.
It looks to be a fairly quiet week on Capitol Hill. Members of the House are out of town, back in their congressional districts for a constituent work week. Meanwhile in the Senate, the America COMPETES Act—which funds government research and development initiatives and STEM initiatives—is up for reauthorization and will be the focus of a hearing by the Commerce, Science and Transportation Committee. The health insurance marketplace also gets a look from a couple of committees.
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.
As the world economy continues to work its way out of the effects of a global economic crisis, countries of all sizes are turning to entrepreneurship to help drive their recovery. In a few short weeks, millions of people will participate in Global Entrepreneurship Week (Nov. 18 – 24) events, activities and competitions in 139 countries—the largest number of countries in the six years of the initiative..
The Ewing Marion Kauffman Foundation launched GEW in 2008 – at the start of the economic crisis – to connect aspiring entrepreneurs and others who can help them take the next step in their entrepreneurial journey.
The world’s largest 1,000 public corporate R&D spenders recently hit a record high of US$638 billion ensuring life-changing innovation at every turn. Or does it?
The pace continues to quicken on Capitol Hill this week with a number of hearings relevant to entrepreneurial development and startups in general. USAID is in the discussion on the future of Egypt and Syria and how it can support broader development (and entrepreneurs) there. Other topics covered by hearings include: a review of the JOBS Act at a year and a half, improving the US patent system, broadband adoption in the US, cyber-security, basic energy research and PPACA implementation challenges.
You can file this under "the impact of networks"--or perhaps more simply, "it takes one to know one." A new paper from the Kauffman Foundation shows that there is a link between knowing an entrepreneur and being one yourself. And while "Getting the Bug: Is (Growth) Entrepreneurship Contagious?" doesn't necessarily suggest causality, it doesn't take a leap of faith to think that connecting the uninitiated to more entrepreneurs would increase the likelihood that they would become entrepreneurs themselves.
A pair of reports coming out in the last week point paint a picture of a fairly stable angel investing market in the U.S. The Q2 2013 Halo Reportfrom the Angel Resource Institute and the Q1 Q2 2013 Angel Market Report from the Center for Venture Research suggest that year-on-year numbers were either fairly flat or trending upward slightly.
With the federal government back in business, a couple of House committee hearings are on our radar screen for the week ahead. Financial Services examines challenges to capital formation while Energy & Commerce review the evolution of wired communications networks. Currently there aren't any hearings scheduled on the Senate side--but the Senate Committee on Small Business and Entrepreneurship has an archived webcast of a hearing last week featuring small business owners on the impact of the government shutdown.
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