Economy

Sparking US Government Engagement in Global Entrepreneurship

The latest of these efforts is called SPARK. Last week, the President encouraged “governments and companies and organizations and individuals to make their own commitments” to a new SPARK coalition to advance entrepreneurship around the world. SPARK will support his upcoming Global Entrepreneurship Summit (GES) in Kenya July 24 – 26, 2015 and rally support from governments and the private sector around the world to expand their investments of time, talent and treasure in their nascent and scaling entrepreneurs.

Driverless cars may cut U.S. sales by 40%, Barclays says

U.S. auto sales may drop about 40 percent in the next 25 years because of shared driverless cars, forcing mass-market producers such as General Motors and Ford Motor Co. to slash output, a Barclays Plc analyst said. Vehicle ownership rates may fall by almost half as families move to having just one car, according to a report published today by the analyst, Brian Johnson. Driverless cars will travel twice as many miles as current autos because they will transport each family member during the day, he wrote.

The 5 states that draw the most Chinese investment

A new report shows more than 80,000 Americans are employed by Chinese companies, up from 15,000 five years ago. Here's where those jobs are. Those numbers are according to a new report from the Rhodium Group, which keeps one of the most complete databases of Chinese foreign direct investment into the United States.

Nine Behaviors That Drive Innovation

Earlier this year the Conference Board released the results of a survey of CEOs to identify their most critical challenges. The hands-down winner was the challenge of human capital, especially leadership. Second was the challenge of innovation. For every region of the world, innovation was among the top five issues identified. Asia placed it first.

Spaceport America Goes to Market Enabling Low-Cost Access to Space

“Spaceport America is enabling low-cost access to space for people who want to change the world,” said Christine Anderson CEO Spaceport America. “In parallel with its core aerospace business activities, Spaceport America is rolling out a diverse portfolio of non-aerospace revenue streams designed around the brand attributes people associate with the promise of commercial space, while providing economic stimulus for New Mexico and STEM education for future generations.”

Patent reform should discourage patent trolls, not innovation

The patent troll problem is centered on industries such as smart phones. And the reason is simple. Smart phones are patent-intensive products – researchers have found that smartphones account for over 16 percent of all active U.S. patents. The large number of patents related to smartphone technology has created an indecipherable technology web ripe for abuse. However, patent trolls do not threaten all patent holders equally; nor are all claims of patent violations abusive.

Accelerating Data Innovation: A Legislative Agenda for Congress

Data is increasingly vital to both growing the economy and solving important social problems, and Congress has many opportunities to pave the way for more use of data in the public and private sectors. This report lays out twelve concrete steps Congress can take in 2015 to accelerate data innovation in the United States.

NIST, NSF to set manufacturing research priorities

The U.S. Commerce Department's National Institute of Standards and Technology (NIST) and the National Science Foundation (NSF) will establish a consortium to provide private-sector input on national advanced manufacturing research and development priorities. NSF has released a solicitation, calling for applications from organizations to administer the consortium through a cooperative agreement.

Swalwell, Issa Announce the Sharing Economy Caucus

“As more Americans are opting to stay at Airbnbs, share their cars on Getaround, and take Uber and Lyft, it is important for Congress to take a closer look at the emerging Sharing Economy sector,” said Swalwell. “This Caucus will explore the opportunities made possible by the sharing model, and how Congress can foster innovation and address challenges posed by this emerging sector.”

Why America’s patent system is not killing innovation

Patents play a vital dual role in fostering open innovation: they simultaneously protect, and disclose, the inventor’s contribution to the knowledge pool. As public documents, patents help firms to identify potentially useful technologies, knowledge and partners, facilitating formal and informal collaboration.

DC's Plan To Be Known for Innovation

Today, DC Mayor Muriel Bowser kicks off a month of events called innoMAYtion that will bridge the gap between the most innovative people in DC and the most underserved. Funded through existing DC government resources, it will focus on small business, education, technology, the creative economy and good government. Here's a rundown of what to expect:

The worst cities to start your own business

Starting a business can be tough no matter where you are, but a study by WalletHub finds the cities where it can be even harder. The study used 13 metrics to rank 150 American cities including the cost of living, affordability of office space and educational attainment of the local labor force.

Patent reform push has new life in Senate

Senate leaders on Wednesday introduced new legislation that would crack down on “patent trolls,” reviving a push for reform that stalled in the upper chamber last year. The legislation is aimed at combating what industry groups say is growing abuse of the legal system, with the “trolls” buying up patents solely for the purpose of extracting financial settlements. With Republicans now in control of the House and Senate, advocates are hopeful the legislation can make it to President Obama, who has urged lawmakers to take action on the issue.

How Innovation Stacks Up Around the World

U.S. companies are innovating faster and more frequently than their European counterparts, according to a new study. The study also finds that automation is the key to managing an increasingly diverse, complex business environment and delivering fast, flexible services that meet escalating demand.

Here’s which states are most innovative in America

What makes a state a champion of innovation? Is it the size of its tech workforce, the speed of its broadband connectivity, its willingness to protect and foster new business models? What is the essential mix of state-level policies and practices that make a state a leader in developing new businesses and fostering a more competitive U.S. economy?

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