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Review of the FY 2013 budgets for the Small Business Administration (SBA) and National Institute of Standards and Technology are among the hearings scheduled on the House side. NIST is also on the agenda for the Senate Committee on Commerce, Science and Transportation under the context of strengthening U.S. competitiveness through investments in R&D.
John Fernandez, U.S. Commerce Department Assistant Secretary for Economic Development, will leave his post at the end of the week and return to the private sector.
Within the last month, ten pieces of legislation have been introduced in Congress that have a direct impact on entrepreneurs and small business owners. Below is a quick look at those bills, along with the sponsoring member.
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 economics bloggers are apparently a consistently gloomy bunch, it seems to make sense that entrepreneurs are by nature a bit more optimistic—tackling risk head on in pursuit of their dreams and ideas. That was the gist of the first Startup Confidence Index released recently by the Ewing Marion Kauffman Foundation and LegalZoom.
Sweden is not waiting for the Global Entrepreneurship Congress next month to devise its strategy for building a strong startup ecosystem. While “number of patents” is only one metric to measure innovation, Sweden thinks it is one of the most important. The 2011 edition of the Global Innovation Index (GII)—developed by the INSEAD eLab which takes into account dimensions such as creativity and efficiency—ranks Sweden second of 125 economies. For the Global Competitiveness Report 2011-2012, Sweden came in third position. And, in Thomson Reuters’ “Global Innovators” list, Sweden is the headquarters location of 6 percent of the list’s companies.
Budgets for FY 2013 are starting to get a look on Capitol Hill this week. Two hearings held by the House Committee on Science, Space and Technology are of particular interest. On Tuesday, the budget for the National Science Foundation is being presented. Later in the week, Secretary of Energy Steven Chu walks through the Department of Energy R&D budget.
A proposed permanent exemption to capital gains taxes on investments in startups could help new high-growth firms thrive and create jobs. According to a new report from the Kauffman Foundation, an exemption on investments in startups held for at least five years could spur $750 million in additional seed investment and help them survive the ‘Valley of Death’—moving from concept to prototype.
A new startup aimed at engaging the American public in the legislative process is shining a light on a handful of bills that could have a direct impact on entrepreneurship throughout the US.
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