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While we are seeing more attention to addressing the paucity of useful national entrepreneurship data globally, efforts to develop comparable city-level information have been less of a focus with only a handful of global city rankings. How are city leaders now moving beyond dated “cluster and technology park” thinking to appeal to entrepreneurs and investors?
The China we knew as the enormous economy largely fueled by cheap labor and inexpensive manufacturing has changed. Though happening slowly compared to its potential, China is becoming one of the most innovative economies on the planet and the birthplace of entrepreneurs like Robin Li, CEO of Baidu, who are entrepreneurial rock stars at home and around the world. Entrepreneurial capitalism seems to be taking hold in China. How is entrepreneurship overcoming the roadblocks of a planned economy?
As the day starts in Washington, DC, we are concluding the first of day of the 2014 Global Entrepreneurship Congress
. The entrepreneurship communities from 153 countries gathered to bond on their common cause to unleash new ideas, remove roadblocks and solve problems in almost every imaginable realm. Following a welcome from Mayor Sergei Sobyanin, the GEC kicked off with thousands of delegates at the Research + Policy Summit.
Since the economic crisis broke out, entrepreneurship has attracted increased attention as a key path to economic recovery. I was happy to see that entrepreneurs have been set apart from some of the negative perceptions of big business and the blame being placed on large financial institutions for the economic meltdown. The question is whether such recognition of entrepreneurs as an engine for growth and innovation translated into concrete pro-entrepreneurship policies.
Most policymakers are starting to both heed entrepreneurs for their job and wealth creation efforts during these tough times as well as pick up on one of our nation’s biggest source of high-growth start-ups: immigrant entrepreneurs. But if public reaction to a recent NPR segment and recent Washington Post commentary on the topic are anything to go by, I fear we have a long way to go to convince the average American citizen.
Since the economic crisis broke out, capitalism has been under the microscope. Many have blamed evil businesses and market forces for the financial meltdown, and have lost confidence in private-sector engagement strategies for recovery. Luckily, in this country many more have experienced the positive impact of entrepreneurship either directly and indirectly. In a March 2009 survey, 63% of respondents said they “prefer giving individuals the incentives they need to start their own businesses as opposed to allowing the government to create new jobs directly.” A look at the role of new businesses in the economy reveals that it is not a matter of rejecting capitalism but rather of allowing more entrepreneurs into the economy.
Last week PDE posted a note about an idea to improve the effectiveness of university technology transfer in the U.S.
There seems to have been some confusion following this about the nature of the breakthrough idea to improve the U.S. model for commercialization of university-developed technologies. In...
It is time to implement new methods to shake our economy out of this lingering spell of slow growth (a disappointing 2% rate) and high unemployment (hovering around 9%). And while the large federal budget deficit does not leave much room for implementing more traditional economic remedies, the Kauffman Foundation—at a press conference this morning here at the National Press Club in Washington, DC—suggested it is time for legislation. Startup legislation.
This week on June 20-22, I will be speaking and participating at the G20 Young Entrepreneur Summit hosted by the Canadian Youth Business Foundation. The event, recognized by the Canadian government as an official G20 event, will bring together delegations from leading entrepreneurship organizations from...
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