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While the Senate approved the JOBS Act late last week, it attached an amendment that requires House approval before the legislation makes it to President Obama to be signed into law. However, the amendment—which increases investor protections in crowdfunding—is not enough to derail the hugely popular legislation which is expected to sail through the House easily this week.
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 latest Kauffman Index of Entrepreneurial Activity shows that the rate of new business creation dipped during 2011 and startup founders remained more likely to go it alone than to employ others—quite possibly due to the continued recession and the typically higher rate of necessity entrepreneurs during periods of economic distress.
I have just returned today from the Global Entrepreneurship Congress (GEC) in Liverpool where a weeklong festival of entrepreneurship floated powerful ideas about everything from seeding startup communities to smarter national top-down policies. This week I take a quick look at last week’s GEC and why it matters as a symbol of the democratization of entrepreneurship.
The House returns from a short District work period coincides with an increase in activity in the week ahead. The Small Business Committee looks to entrepreneurs to lead economic recovery while Financial Services examines mobile payments and the future of money. On the Senate side, crowdfunding and SBICs highlight the hearings.
In the midst of intense global competition for innovation supremacy among countries, Canada and Singapore are a half-step ahead of the pack, according to the latest Global Innovation Policy Index.
It is a quiet week on Capitol Hill. The House is on recess for the week and will return to session next Monday. Meanwhile, there doesn’t seem to be much activity in the Senate committees we track.
The following is an excerpt from the latest Impact Report for Global Entrepreneurship Week that outlines the evolution of the annual gathering of startup champions and entrepreneurs from around the world. You can download a copy of the Impact Report from the homepage of the Global Entrepreneurship Week website.
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