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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:
Fed Chairman Ben Bernanke makes a couple of appearances on Capitol Hill this week to talk about monetary policy and the U.S. economy. Tuesday, Bernanke appears before the Senate Committee on Banking, Housing and Urban Affairs while on Wednesday he addresses the House Committee on Financial Services. Other hearings scheduled include: how mobile apps are moving the economy; a look at the impact of Dodd-Frank on small business; regulatory impediments to job creation and others.
Democrats and Republicans in the Senate each lost once last week--entrepreneurs and small business owners lost twice.
Chances are if you are an entrepreneur you already have a fair amount of self-confidence—assessing risk and measuring opportunity. So it’s no surprise that most entrepreneurs rated themselves highly on many of the 17 personal characteristics, traits and skills that bode well for taking an entrepreneurial plunge.
Following the Independence Day holiday, members of Congress have a full slate of hearings in the week ahead. Included is a look from the House Committee on Oversight & Government Reform at the impact on entrepreneurs of the Supreme Court decision validating the Patient Protection and Affordable Care Act. Other hearings cover topics including: commercializing NASA technologies; mobile payments; renewable energy; regulatory reform and more.
Since the House & Senate each passed identical versions of the Startup Act 2.0, the legislation has picked up a growing list of impressive endorsements. Topping the list is tech giant Google.
Another week with a lot of activity on the House side. The JOBS Act is the focus of a couple hearings by the House Committee on Oversight & Government Reform while other topics include: research universities and technology transfer; international intellectual property enforcement; regulation of mobile payments and the future of video. Also, the pending increase on the capital gains tax is the subject of a joint hearing of the House Ways & Means Committee and the Senate Finance Committee.
Earlier this month, I hosted a gathering of 40 experts from Japan at our new GEW Global conference center in Washington, DC, where we discussed the notion that Japan needs to launch a rebirth by being more open, building a better startup ecosystem, bringing in more foreigners and sending more Japanese overseas. We also looked at whether Japan needs more examples of Japanese startup success that underscore the importance of globalization—startups that convince others that taking risks is alright, and political leadership that encourages entrepreneurial behavior even if only to keep Japan’s big businesses competitive and dynamic. We concluded that Japan needs to celebrate the great Japanese pioneers and entrepreneurs who built some of the most innovative companies in the world and pose the entrepreneurial imperative to a new generation.
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