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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.
As the unemployment rate fell in 2012, another economic indicator dropped too: the overall business creation rate. According to the annual Kauffman Index of Entrepreneurial Activity released today, the 2012 rate declined slightly from 0.32 percent of American adults per month starting businesses in 2011 to 0.30 percent in 2012.
Last week, we brought you the latest news from the venture capital industry. This week, we hear from the angels and the overall message is a bit more positive—at least that overall angel investing for 2012 was “stable with prior years.”
Several hearings on policies that impact entrepreneurial growth are scheduled for the week ahead with the biggest being the Senate Judiciary Committee’s look at potential immigration reform through The Border Security, Economic Opportunity, and Immigration Modernization Act, S.744. Appearing earlier today were representatives from a range of entities including Microsoft, Rochester Institute of Technology, and the Center for Immigration Studies. On Tuesday, U.S. Secretary of Homeland Security Janet Napolitano appears before the committee during a hearing of the same title. Other topics covered in hearings throughout the week include: next-generation computing and “big data analytics”, the SBA budget, STEM workforce, small business lending, the state of wireless communications and more.
Find out who we are highlighting in this week's eMed's 6 entrepreneurs to follow on twitter.
The Silicon Valley might not be the "friendliest" place to start your life science or digital health company. A small business survey released this month by the Kauffman Foundation and Thumbtack.com gave Austin, Virginia Beach, and Houston top honors as the friendliest cities for small businesses.
Cities across the United States are looking for lessons on how to build entrepreneurial communities to help fuel their economies. ID8 Nation, a multimedia channel launching today on the Kauffman Foundation website, entrepreneurship.org, explores cities' entrepreneurial ecosystems to provide insights on what grows in them and why. The first city profiled is Pittsburgh.
It hasn’t been a year since the Cellanyx Diagnostics team spun out their technology from Columbia University. But, halfway to raising $1 million worth of seed funding for the company, CEO Ashok Chander can already share tips from the trenches.
When I talk to life science and digital health entrepreneurs, their motivation to make an impact is clear. But the biggest hurdle they face – once they have a product or tool of value – is to get their innovation into the hands of doctors, patients, and other stakeholders.
When I asked Mbwana Alliy last month why he founded the Savannah Fund in Nairobi, he had a simple answer—it is East Africa’s technology hub. As part of PDE’s look at Africa I began last week, we focus today on Kenya.
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