Current Entrepreneurship and Innovation Policies
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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 containing the specific word, "entrepreneurship". Several of these bills have had a significant impact on the present and future outlook of entrepreneurship in America.
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
- Industry-University partnerships are often at the forefront on state and local policies affecting entrepreneurship.
Innovation
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
