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In a beleaguered economy, the country needs entrepreneurs – the nation's job creators. Fortunately, a recent poll shows that the so-called millennial generation – those ages 18-34 – are an entrepreneurial bunch. Unfortunately, a few key barriers are holding them back, especially the economy.
As the world celebrates another Global Entrepreneurship Week, the Huffington Post features an essay today by Jonathan Ortmans that provides a glimpse at what that will look like.
Today is another historic day for startups and our economies. It is the opening day of the fourth Global Entrepreneurship Week, the world’s largest celebration of the innovators who launch startups that bring ideas to life, drive economic growth, and expand human welfare. In three short years, Global Entrepreneurship Week has expanded to more than 120 countries and this week organizers are expecting nearly 11 million people to show up at over 40,000 planned events and activities.
Should the U.S. Food and Drug Administration protect the public or drive innovation? One industry leader gives us his take on the future of the FDA.
Panelists at the Partnering for Cures conference agreed that straightening out the economy here and abroad would go a long way toward making research dollars available to advance biomedical research. However, until economic conditions improve, it's hard to say how biomedical startups will fare.
As countries get richer, they become more heavily dependent on home-grown innovation -- as opposed to simply expanding existing activities or borrowing good ideas from abroad -- to maintain their growth. And since new firms play an absolutely vital role in the innovation process, removing barriers to entrepreneurship becomes increasingly important to maintaining economic dynamism and prosperity.
Regardless of whether American policymakers can ever fix domestic policy to boost entrepreneurship—as in making a Startup Visa happen or removing other barriers that slow the birth of new high growth firms—the nation’s capital will be alive with startup fever next week (November 14 – 18) as Global Entrepreneurship Week takes center stage around the world.
Last week, we told you in our weekly 'This Week in Entrepreneurship Policy' post that the House was examining a couple of bills “intended to make it easier for startups and other companies to raise capital.”
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:
While Washington, DC, has plenty going on during Global Entrepreneurship Week from November 14 – 20, Capitol Hill is fairly quiet during the week leading up to it. The House is in recess for the week—observing Election Day from their home districts—while Senate committees have a very light load of hearings.
Be sure to check back next week during Global Entrepreneurship Week.
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