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In the entrepreneurship and economic development realms, the word “high-growth” is tossed about loosely, often used to define that rare, illusive, overnight success of a startup. But a recent study by Kauffman has proved that high-growth firms aren’t as hard-pressed to find as we thought … so long as you’re looking in the right places.
Today marks the official opening of Global Entrepreneurship Week, now celebrated in 131 countries. Throughout this week, roughly 25,000 partner organizations will be actively engaged in holding 35,000 events, activities and competitions--engaging more than 7 million participants and equipping them with the skills and connections to take the next step in their entrepreneurial journey. But GEW is more than just a celebration, it is attracting new talent to the field and supplementing grassroots startup energy with top down endorsements that legitimize entrepreneurship.
Last week, President Obama signed the America COMPETES Reauthorization Act of 2010—continuing efforts to improve US economic competitiveness by supporting basic research and improving STEM (science, technology, engineering and math) education to better prepare the future workforce.
Created in 2007 during the Bush Administration and reauthorized in 2010 by President Obama, the America COMPETES Act is up for another reauthorization as major provisions are set to expire in 2013. The original law authorized $33.6 billion in appropriations from 2008 - 2010 for programs and activities in physical sciences and engineering research as well as STEM education and more. The reauthorization in 2010 increased the amount to $45.6 billion.
I recently wrote about the tremendous backlog of patent applications at the U.S. Patent and Trademark Office (PTO). Indeed, with a backlog of over 700,000 patent applications, investors have become frustrated with long processing times. Yet, as I was writing about the PTO budget, the U.S. Senate was considering a major reform of the patenting process.
Despite it being an election year and a period in American history of great political divide, the prospect that Washington, DC might actually get something done to make the path easier for nascent entrepreneurs and young firms is looking more promising. This past week saw lots of activity at both ends of Pennsylvania Avenue. First, on January 31st –the one-year anniversary of both the White House Startup America Initiative and the private-sector Startup America Partnership—President Barack Obama sent a “Startup America Legislative Agenda” to Congress. The following day, I took part in an official Senate roundtable on Capitol Hill focused on developing more high-growth entrepreneurship legislation.
This week we can expect President Obama to speak to immigration reform and a new immigration proposal to be unveiled in the Senate. I have discussed in this blog the importance of creating a U.S. Startup Visa for high skilled immigrants—but only in the context of America’s loss. We take a look today on what America's loss in terms of brainpower and innovation skills means for one nation—India.
In the race to get new medical devices to market, companies encounter FDA speed bumps that slow down the process. But would we really be willing to accept the risks that would accompany fast FDA approvals?
On Monday, September 28, Information Technology and Innovation Foundation (ITIF) Senior Analyst Stephen Ezell presented findings from a report appearing in September’s Democracy: A Journal of Ideas. In the report, Ezell discusses the strategies of the worlds’ ten most innovation-forward countries. Ezell argues that the...
The Huffington Post recently featured a piece by Kauffman vice president and researcher Robert E. Litan entitled“Entrepreneurial Stimulus Package can Help U.S. Jobs Shortfall.” Litan writes that the U.S.already has an alternative economic stimulus plan, one that does not require a massive federal bailout: to support entrepreneurship....
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