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Federal Reserve Chairman Ben Bernanke makes a couple of appearances on Capitol Hill this week as he outlines monetary policy and the state of the U.S. economy. Meanwhile, the House Small Business Committee examines how the IRS selects, classifies and audits the tax returns of small businesses. Other hearings cover topics such as: clean energy financing, pooled retirement plans for small businesses, regulatory burdens and more.
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.
The European Commission is getting active in the world of accelerators and startups—announcing a new network of 20 programs including recognized leaders like Nesta, Seedcamp, TechStars London, Startup Weekend, Bethnel Green Ventures and Seed-DB. The Accelerator Assembly, backed by the EC as part of its Startup Europe initiative, is focused on improving the environment for web-based entrepreneurship through a collection of events, forums, workshops and research.
While debate continues whether the world is in economic recovery or facing a long-continuing crisis, Switzerland continues to go about its business. The small European nation held on to the top spot of the 2013 edition of the Global Innovation Index, co-published by Cornell University, INSEAD, and the World Intellectual Property Organization (WIPO, a specialized agency of the United Nations).
Lawmakers return to Washington this week and it’s going to be a busy one on the House side. Most eyes will be on actions related to the immigration reform debate where Republican leadership in the House have said that the comprehensive bill passed by the Senate is a nonstarter. And although there aren’t any committee hearings this week on the issue, there is a full slate of hearings on other topics, including: the impact of competitiveness on entrepreneurs, state strategies for small business growth, regulatory reform, experiential education, capital formation, the delay of the employer mandate of the Affordable Care Act and more.
A collection of 100 CEOs from prominent companies have come together to voice their concern about sluggish progress in the U.S. in the STEM education fields – science, technology, engineering and mathematics – and where that leaves the country in terms of national competitiveness. The compilation includes essays and insight from tech leaders like Mark Zuckerberg of Facebook and Eric Schmidt of Google as well as leaders from a vast array of corporate giants like Cisco, Coca-Cola, Eli Lilly and Lockheed Martin.
duled for the week ahead as members of Congress left Washington this past weekend for the annual Fourth of July recess. Each recess is typically met with at least a couple of media stories about how it is ill-timed or even undeserved vacation. But don’t fall into the trap of thinking it’s a vacation. Last week, Roll Call, the pre-eminent publication for Capitol Hill and everyone who follows it closely, highlighted some findings from a Congressional Management Foundation survey about members’ work habits and how they spend time on recess.
Female entrepreneurs in the United States benefit from more than just their own personal strengths and aspirations—they also benefit from an environment that is more open to women-led startups than any other country in the world. A new index released last month in Turkey at the Dell Women’s Entrepreneur Network conference compared 17 countries across 30 indicators that foster high-potential entrepreneurship. For those hoping for a silver bullet issue to focus policy efforts, there isn’t one.
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