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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:
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?
The Saudi Arabian Monetary Agency (SAMA) recently released data indicating that domestic credit to the private sector in Saudi Arabia recorded one of their highest growth rates since the global fiscal crisis. That the Gulf Kingdom’s twelve (12) commercial banks are easing credit curbs is good news for entrepreneurship promoters in the country and leaders in the Kingdom seem ready to provide the fuel to ignite a new wave of startups.
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.
Like so many nations that have recently gone through major restructuring over the past 10 years, Serbia is looking to its young entrepreneurial minds to shape a new nation as it marches toward economic recovery. However, while Serbia has embarked upon several structural reforms—especially in the banking sector and in employment regulations—it has yet to successfully tackle corruption, bureaucracy and a weak judicial system. These are holding back its economic potential.
What is the best country for business? That would be Canada, according to Forbes’ annual look at the global economy and how individual countries are performing. The index evaluates countries on property rights, innovation, taxes, technology, corruption, freedom (personal, trade and monetary), red tape, investor protection and stock market performance.
A few weeks ago, we mentioned that the Kauffman Foundation was expanding its Global Scholars Program to include up to ten (10) recent graduates from US colleges and universities. The deadline to apply for one of those slots is now only one week away—applications must be submitted by Monday, October 17.
The National Foundation for American Policy released a policy brief last week that says international students who graduate from U.S. universities with advanced degrees in science, technology, engineering, or mathematics (STEM) should get a green card “stapled” to their diplomas. With a growing number of Ph.D.s and Masters degrees earned by foreign nationals in these fields, plus a tremendous backlog on available green cards, US competitiveness is suffering.
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