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Women who are capable of starting growth companies that serve global markets may be the nation’s secret weapon for achieving sustained economic growth.
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.
A couple of bills intended to make it easier for startups and other companies to raise capital get the spotlight in the House this week. The Rule Committee has scheduled a hearing -- and live webcast – covering the 'Entrepreneur Access to Capital Act' (HR 2930) and 'Access to Capital for Job Creators Act' (HR 2940). Both tweak rules for the Securities and Exchange Commission. HR 2930 would allow new firms to use crowdfunding to accept and pool donations of up to $1 million without having to register with the SEC. HR 2940 would remove the SEC ban that now prevents small companies from advertising to solicit investors.
Late last week, Acting Deputy Secretary of Commerce Rebecca Blank and SBA Administrator Karen Mills announced two Presidential Memoranda intended to help businesses expand and create jobs. In addition to a new web portal, BusinessUSA.gov, the administration wants to encourage the creation of entrepreneurial startups by accelerating the movement of research conducted in federal labs into the commercial marketplace.
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.
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:
Using words like “uncertain,” “fragile” and “weak,” 96 percent of top economics bloggers now share a gloomy outlook on the U.S. economy. Only half expect employment growth in the next three years while only 2 percent consider the US economy to be ‘strong and growing’ and two-thirds feel the government is already too involved in the economy.
What is going on in Canada?
A couple of weeks ago, we pointed out a recent Forbes study that ranked Canada as the ‘best country for business.’ Apparently Forbes weren’t the only ones impressed with the US neighbors to the north as another study emerged last week with Canada on top.
A newly released study shows that new businesses have a higher propensity to use websites, email and to sell their products and services online—which makes absolute sense to anyone who has been to a Startup Weekend recently or even just thought about how get a business off the ground without a mountain of cash up front. The data from the study, “Casting a Wide Net: Online Activities of Small and News Businesses in the United States,” also show the logical correlation between that activity and the resulting positive impact on capitalization and longevity.
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