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The House of Representatives returns to session while it is the Senate's turn for a one-week recess. The Ways & Means Committee takes a look at the barriers that US firms face tapping into the Chinese market, including: harmful "indigenous innovation" policies and failure to adequately protect intellectual property. Meanwhile, government procurement programs and the SBA's financing initiatives get a look from the Small Business Committee.
What is going on in Canada?
A couple of weeks ago, we pointed out a recent Forbes study that ranked Canada as the ‘best country for business.’ Apparently Forbes weren’t the only ones impressed with the US neighbors to the north as another study emerged last week with Canada on top.
A newly released study shows that new businesses have a higher propensity to use websites, email and to sell their products and services online—which makes absolute sense to anyone who has been to a Startup Weekend recently or even just thought about how get a business off the ground without a mountain of cash up front. The data from the study, “Casting a Wide Net: Online Activities of Small and News Businesses in the United States,” also show the logical correlation between that activity and the resulting positive impact on capitalization and longevity.
Following turbulent times in 2008 and 2009, the angel investor market has shown signs of stabilization, according to a new study by the Center for Venture Research at the University of New Hampshire. While the total number of active investors during the first two quarters of 2011—124,900—remains virtually unchanged from the same period last year, other numbers are showing a slight increase.
U.S. Senator Jerry Moran took to the floor of the U.S. Senate last week, vowing to introduce new legislation that would create an environment for new firms to start, grow and create jobs.
While the original House and Senate calendars called for recess last week, members of the Senate remained in Washington to work on a funding bill that would avert a government shutdown. It passed a six-week bill by a 79-12 vote and also passed a one-week continuing resolution to give the House until October 4 to act. Members of the House address HR 2608 today (October 3) at 5:00 pm.
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:
If the best indicator of a country's growth is the number of new firms started every year, as Kauffman Foundation research indicates, how do we get more companies to start and grow? What's the magic sauce?
Acknowledging that something must be done to address the issue of immigration when it relates to high-skilled workers and job creators, the U.S. Citizenship and Immigration Services (USCIS) recently announced it was turning to Silicon Valley and other experts.
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