Difference between revisions of "Current Entrepreneurship and Innovation Policies"
Jump to navigation
Jump to search
VeeralShah (talk | contribs) |
VeeralShah (talk | contribs) |
||
| Line 22: | Line 22: | ||
*'''Small Business Innovation Research (SBIR)''' is a program introduced by the U.S. Congress in the early 1980's to enhance long term growth among small businesses. They offer grants to small businesses to financially boost the company's outlook and additionally assign the company's a sign of quality which consequently starts to attract further external investments. | *'''Small Business Innovation Research (SBIR)''' is a program introduced by the U.S. Congress in the early 1980's to enhance long term growth among small businesses. They offer grants to small businesses to financially boost the company's outlook and additionally assign the company's a sign of quality which consequently starts to attract further external investments. | ||
| − | *The '''Jumpstart Our Business Startups | + | *The '''Jumpstart Our Business Startups (JOBS) Act of 2012''' was enacted to provide looser security regulations for entrepreneurs and investors to allow for more funding and potential for success for startup businesses. Two specific provisions of the act are especially impactful for small businesses: Title II and Title IV. Title II indicates the increase in the number of potential investor that a company can communicate with in order to acquire funding. Title IV allows investors to put almost 10 times more funds into companies with much less restricted investing requirements. |
* | * | ||
Revision as of 15:39, 7 June 2016
| Current Entrepreneurship and Innovation Policies | |
|---|---|
| Project Information | |
| Project Title | |
| Start Date | |
| Deadline | |
| Primary Billing | |
| Notes | |
| Has project status | |
| Copyright © 2016 edegan.com. All Rights Reserved. | |
Contents
Abstract
Out of the 7430 bills in total proposed in the 114th Congress of 2015-2017, there were 100 bills either related to entrepreneurship or innovation or containing the specific word, "entrepreneurship". Several of these bills have had a significant impact on the present and future outlook of entrepreneurship and innovation in the United States as well as internationally.
Entrepreneurship
Federal Policy
- Small Business Innovation Research (SBIR) is a program introduced by the U.S. Congress in the early 1980's to enhance long term growth among small businesses. They offer grants to small businesses to financially boost the company's outlook and additionally assign the company's a sign of quality which consequently starts to attract further external investments.
- The Jumpstart Our Business Startups (JOBS) Act of 2012 was enacted to provide looser security regulations for entrepreneurs and investors to allow for more funding and potential for success for startup businesses. Two specific provisions of the act are especially impactful for small businesses: Title II and Title IV. Title II indicates the increase in the number of potential investor that a company can communicate with in order to acquire funding. Title IV allows investors to put almost 10 times more funds into companies with much less restricted investing requirements.
State and Local Policy
- State governments often match the federal SBIR grants given out to small businesses.
- Public venture funds are given to several small businesses to promote entrepreneurship and financially back small businesses.
- State and local governments often create a link between new businesses and research universities in the area.
Innovation
- Under the The Innovation Promotion Act of 2015, companies will be allowed up to a 71% deduction of the lessor of either their taxable income or their innovation box profit. Qualified innovation property would include patents, inventions, formulas, processes, computer software, and possible other innovations.
References
http://www2.gsu.edu/~mgtbag/Ent%20Policy.pdf
http://www.investopedia.com/terms/a/accreditedinvestor.asp
http://www.investopedia.com/terms/j/jumpstart-our-business-startups-act-jobs.asp
http://www.ncsl.org/documents/fiscal/entrepreneurshipFINAL05.pdf
