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The Policy Dialogue on Entrepreneurship Informs and connects thought leaders looking to understand policies that help entrepreneurs start companies, create jobs and strengthen the economy. Sign up to receive our weekly update!
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.
Is the venture capital industry back? The latest report from Thomson Reuters and the National Venture Capital Association shows that U.S. VC firms raised $20.6 billion from 182 funds during 2012. After being nearly cut in half from 2008 ($25.6 billion) to 2010 ($13.7 billion), it marks a second straight year of growth despite the number of funds dropping slightly (187 in 2011 to 182 in 2012).
What makes an entrepreneurial ecosystem flourish outside of Silicon Valley? Can startups be successful anywhere in the U.S.? While “anywhere” may be too tall a task, there seems to be growing evidence that startup communities are getting stronger throughout the country.
Several hearings on policies that impact entrepreneurial growth are scheduled for the week ahead with the biggest being the Senate Judiciary Committee’s look at potential immigration reform through The Border Security, Economic Opportunity, and Immigration Modernization Act, S.744. Appearing earlier today were representatives from a range of entities including Microsoft, Rochester Institute of Technology, and the Center for Immigration Studies. On Tuesday, U.S. Secretary of Homeland Security Janet Napolitano appears before the committee during a hearing of the same title. Other topics covered in hearings throughout the week include: next-generation computing and “big data analytics”, the SBA budget, STEM workforce, small business lending, the state of wireless communications and more.
Created in 2007 during the Bush Administration and reauthorized in 2010 by President Obama, the America COMPETES Act is up for another reauthorization as major provisions are set to expire in 2013. The original law authorized $33.6 billion in appropriations from 2008 - 2010 for programs and activities in physical sciences and engineering research as well as STEM education and more. The reauthorization in 2010 increased the amount to $45.6 billion.
As the unemployment rate fell in 2012, another economic indicator dropped too: the overall business creation rate. According to the annual Kauffman Index of Entrepreneurial Activity released today, the 2012 rate declined slightly from 0.32 percent of American adults per month starting businesses in 2011 to 0.30 percent in 2012.
Last week, we brought you the latest news from the venture capital industry. This week, we hear from the angels and the overall message is a bit more positive—at least that overall angel investing for 2012 was “stable with prior years.”
The innovation performance in European Union countries is on the rise—cutting in half the gap between it and the United States. However, the internal gap between EU member nations is widening.
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