Jonathan Ortmans

Building One Global Entrepreneurial Ecosystem

Month: June 2011

Patent Reform Passes: Who Won?

Last week, a patent reform bill, the America Invents Act (H.R. 1249), passed the House of Representatives. On March 8, the Senate passed a similar patent bill (S. 23) by a broad margin. There is no doubt our patent system is broken with backlogs and litigation, but the bill’s net effect on innovative entrepreneurship is still unclear.

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Boosting Britain’s Entrepreneurial Talent

According to The Times CEO Summit here in London, Britain is mid-table in the world growth league, but committed to a new rigorous economic agenda. Now that the painful job of drastic budget cuts is underway and an often angry public has aired its grievances, Prime Minister David Cameron appears to be intently focused on new firm formation, the know-how economy, the next digital revolution and private input into “innovating down” health costs. He is determined to protect his AAA Standard & Poors evaluation and keep his economy from heading in the direction of others like Greece.

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Empowering Women Entrepreneurs

With more women than men in the U.S. earning PhDs in the biological sciences and estimates that around 15 percent of the U.S. GNP over the next two decades will be comprised of life science activities, it is no surprise that women’s entrepreneurship has attracted so much attention recently in both the developed and developing countries. And in many other countries, women’s entrepreneurship is even more important as a separate track for cultural reasons.

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What a Difference a Statistic Can Make

Economic historians looking back at this period will be hard pressed to avoid commenting on the influence of at least one data point: from 1980–2005, firms less than five years old accounted for all net job growth in the United States. The notion that what policymakers should focus on is “young” firms not just “small” firms has awakened Democrats and Republicans alike and provided a new strategy for all Americans seeking to create jobs and restore what many Americans perceive as lost U.S. economic competitiveness.

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