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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 you are reading this, chances are you have seen any number of surveys and indices that rank the U.S. states according to their climate towards small business and entrepreneurs. Unlike other rankings, a new survey from Thumbtack.com has gone straight to the source. Partnering with the Kauffman Foundation, Thumbtack.com conducted a two-month survey of over 6,000 small business owners nationwide on the friendliness of states towards small business and about small business finances in order to measure states and cities along 21 metrics.
A new piece of legislation introduced by Senator Lamar Alexander (R-TN) and Senator Chris Coons (D-DE) aims to stem the tide of high-tech immigrants returning to their home countries immediately after they finish their studies. The Sustaining Our Most Advanced Researchers and Technology (SMART) Jobs Act of 2012 allows foreign-born, American-educated holders of masters and doctoral degrees in science, technology, engineering and math (STEM) fields to remain in the United States to work and create jobs.
Despite more research and data from the World Bank and OECD, while plenty of attention has been given to “SMEs” in the past, multinational government gatherings have largely ignored the importance of stimulating new high-impact startups as a prime global economic growth strategy. This needs to change.
Entrepreneurs have an important role to play in reconstruction efforts in conflict and post-conflict zones to create sustainable economic growth and stability. But first they need a level playing field—or at least something close to level—and in far too many cases the international aid community is focused on microenterprise at the exclusion of potential high-growth, high-impact entrepreneurs.
While members of the House are back in their home districts for a two-week recess, the Senate has several committee hearings and events that may be of interest to entrepreneurs and followers of the startup ecosystem. The economic dialogue between U.S. and China gets a look from the Senate Committee on Banking, Housing & Urban Affairs while others focus on less government IT spending, the government’s role in energy innovation and innovations in health care delivery.
Exit strategies for startups are limited these days, so a company should start working early to track down potential acquirers. Read about startup acquisition.
Medical device startups and other life science companies are receiving funding from the GE Healthymagination Fund. Read more about how the fund works.
An increasing number of developing economies are turning to new firm formation in their efforts to reduce poverty and generate sustainable wealth. A new partnership between Startup Weekend and global humanitarian agency Mercy Corps will add to those efforts, expanding the access and impact of a proven model for business generation.
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