Interest: A bipartisan group of U.S. representatives, including Republican Kevin Yoder of Overland Park, introduced Wednesday a House bill that mirrors Senate legislation focused on fostering startup companies.
The original Senate bill, dubbed the Startup Act, was introduced by Sen. Jerry Moran of Kansas and Sen. Mark Warner of Virginia.
Interest: New York (HedgeCo.Net) The Hedge Fund Association, an international organization that represents hedge funds, service providers and investors, said liberalized advertising and solicitations rules contained in the new Jumpstart Our Business Startups (JOBS) Act would help hedge funds raise assets and “encourage emerging managers to continue to enter the industry.”
Interest: In April, President Obama signed the Jumpstart Our Business Startups Act. A provision in the law establishing crowdfunding as a mechanism to spur start-ups has the potential to significantly help minority firms.
Large financial institutions, which are supposed to take small deposits from a large number of savers and use those funds to make fair and honest loans to individuals and small businesses, sometimes are not doing so.
Interest: The industry has been abuzz this week with the release of the first market research on the crowdfunding industry, the Crowdfunding Industry Research report from www.crowdsourcing.org, which also coincides with the launch of the Crowdfunding Professional Association (CfPA).
Interest: The world is about to have a whole lot more angels. Thanks to the JOBS (Jumpstart Our Business Startups) Act that was enacted this April, average people will soon be able to use crowdfunding investment platforms to become equity shareholders in startups. Here, the story of that bill's more-than-two-year gestation is told by the principal characters--from a pair of lawmakers to a joker running an L.A. ad firm.
Interest: President Obama is asking Congress to pass legislation to help small businesses. The idea is to incentivize hiring new workers by offering businesses a tax credit if they expand their rolls.
Instead, the House recently passed a small business bill that provides tax relief to small businesses, but has no incentives for hiring new workers. Rep. Dutch Ruppersberger (D-Md.) supported the House version but says its time the two sides come together and work out their differences.
Interest: The Crowdfunding Industry Report from researchers massolution reveals that crowdfunding platforms raised almost $1.5 billion, funding over one million projects in 2011. They also say that, with current trends, the already growing market is set to double in 2012.
Interest: The crowdfunding principle is now expanding from artistic, creative, and charitable projects to funding small businesses and startups across the country. In the past year or so, inventors and start-up companies have taken to Kickstarter to fund production of their inventions and to get their businesses off the ground.
Interest: "Do you know what this is?" Arun Majumdar held up a piece of yellow cardboard at the beginning of his speech, the first of two keynote addresses that closed the Innovation Summit. It was a punch card, a truly vintage method of data entry from an earlier era. Majumdar raised his other hand to reveal a smart phone. "In the span of 35 years we've come from here to here," he said. It raises the inevitable question: Are we on track to make the same kind of progress in the next 35 years?
Interest: For lots of startup founders, a big money valuation is just half the goal. Many startups are motivated by a singular drive to change the way we view and interact with the world around us. And while every startup can teach us something, the most disruptive often have the most profound lessons. Here are 10 of today’s most visionary startups to admire, and more importantly, model:
Interest: Healthcare venture capitalists are no fans of the U.S. Food and Drug Administration and the regulatory challenges the agency poses for medical startups and device companies.
They blame many of the problems besetting healthcare investing squarely on the agency as delays caused by reviewers push investor pay day further out.
Interest: There’s that elusive Facebook effect, ramping things up again. This time, it’s the economy. It’s unwittingly urging new startups to sprout, just by existing, and by being very well liked by the masses. Geez, we may soon be calling ourselves the innovation nation.
Interest: President Barack Obama touted the upstate economy in a speech at the University at Albany on Tuesday, saying the work at the school’s nanocenter should be a model for the rest of the nation.
The state has invested heavily in the Albany nanotech complex, as well as a major GlobalFoundries chip plant in Saratoga County.
Interest: Just off Bel-Red Road is a small space nestled among printing shops, auto-part dealers and a dance studio. If you look closely you’ll see a sign that says StudentRND. It is here that students create robotics, plasma speakers and iPhone applications.
Student Research and Development, more commonly known as StudentRND, is a nonprofit that provides a space for college and high school students to learn, innovate and use normally inaccessible resources.
Interest: Two University of Georgia doctoral students are participating in the second round of the SciFund Challenge, an experiment in crowd funding for scientific research. Alyssa Gehman, in the Odum School of Ecology, and Sean Sterrett, in the Warnell School of Forestry and Natural Resources, are raising money from individuals to fund their research.
Interest: New York-based crowdfunding platform Kickstarter broke its previous record for the most any single project has raised in April with Pebble, a watch that synchs with your smartphone. So far (the funding round is not over yet), the watch has raised more than $9 million from over 61,000 backers.
Interest: In April, President Obama signed the Jumpstart Our Business Startups Act in to law - a complex and by no means perfect bill that contains at least one "no-brainer" win for both businesses and investors: crowd funding.
This bipartisan legislation fulfills the President's call to reduce regulatory burdens that prevent many small and young businesses from raising capital - specifically by allowing crowd funding and expanding mini-public offerings.
Interest: When President Obama signed in to law the Jumpstart Our Startups, or JOBS Act as it is better known, business startups all over the country become instantly excited. Finally, there would be a new funding source that allowed new businesses to find the funding they needed without having to rely on banks or venture capital firms that rarely loan to businesses without a proven record of success.
Interest: The Pebble watch is certainly technologically innovative; a wristwatch with customisable electronic faces, which connects to iPhone and Android smartphones using Bluetooth. I've already ordered mine. But what's really exciting about the Pebble is how it's achieved almost $10m funding in less than 30 days. It hasn't been from investors, or bank loans; the money's come from presales from the crowdfunding site Kickstarter.