MassChallenge: Connecting Startups and Big Business

Corporations and startups are moving toward early stage interactions. MassChallenge, a highly successful nonprofit accelerator, has been connecting corporations and startups since its 2010  launch in Boston. MC has several US and international locations, which accelerated 372 startups in 2016. MC delivers positive results and has been listed among the Best Startup Accelerators by the Seed Accelerator Rankings Project, led by Baker Institute Rice faculty scholar Yael Hochberg.  There are over ...
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Development of Research Parks and Innovation Districts in Houston

On May 4, Houston Mayor Sylvester Turner stated his support for building a data science center. The next day, he endorsed plans for an Innovation District. How would these types of development promote entrepreneurship, innovation and economic growth in Houston? The Basics What are Research Parks, like the proposed data science center, and Innovation Districts? Research Parks promote research, technological development and commercialization by creating a high density of universities and rese...
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Medical Device Startups and the FDA

Does the FDA approval process impede innovation? Medical devices must be reviewed for safety and effectiveness by the Food and Drug Administration before being marketed in United States, which encompasses 43 percent of the global market for medical devices. Startups in the medical device industry are often dissatisfied with this approval process, favoring the FDA's European Union peer, CE Marking. Some founders even believe the time consuming and expensive FDA process "holds back the entire indu...
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Weekly Roundup on Entrepreneurship 3/31

Weekly Roundup is a McNair Center series compiling and summarizing the week’s most important Entrepreneurship and Innovation news. Here is what you need to know about entrepreneurship this week: Business Groups Hope Trump Can Change Health Law by Administrative Action Jeffrey Sparshott, Reporter, The Wall Street Journal Juanita Duggan, CEO of the National Federation of Independent Businesses, described the unraveling of the American Health Reform Act as “a dismal failure.” Despit...
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Congress Turns Its Attention to Entrepreneurship and Innovation—But Does It Take Effective Action?

Legislation passed during the first three months of  the 115th Congress pays disproportionate attention to entrepreneurship and innovation. McNair Center research shows that in a typical congressional session, less than 2 percent of legislation introduced is relevant to E&I issues. As of March 23, three of the ten bills that have become law during the 115th Congress directly address entrepreneurship and innovation. A focus on entrepreneurship and innovation issues does not alone make for ef...
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A Tale of Untapped Potential: Cincinnati

Cincinnati is positioning itself as an entrepreneurial ecosystem.
When you think of an emerging entrepreneurial ecosystem, you probably think of Austin, Texas or Boulder, Colorado, not a moderately sized city deep in the heart of the Midwest. But Cincinnati's entrepreneurship ecosystem is positioning itself as a good place to start a high-growth, high-technology startup firm. The Fortunate 500 companies that call Cincinnati home, such as Kroger, P&G and Macy's, have been investing in their local ecosystem through a nonprofit organization. The result...
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Entrepreneurship Weekly Roundup: 1/27/2017

Weekly Roundup is a McNair Center series compiling and summarizing the week’s most important Entrepreneurship and Innovation news. Here is what you need to know about entrepreneurship this week: The Right to Entrepreneurship Tay Jacobe, Research Assistant, McNair Center for Entrepreneurship and Innovation This week, McNair’s Jacobe focuses on the link between entrepreneurship and human rights. While the intersection between activism and entrepreneurship has yet to gain significant tr...
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Spotlight on Rice Entrepreneurs: Elevator Pitch Competition

What is an elevator pitch? The 8th Annual Rice Undergraduate Elevator Pitch Competition was held on Wednesday, November 16. Elevator pitches describe a problem or need and a design solution in 90 seconds or less. Judges evaluated the pitches based on technical merits of the project as well as the team’s persuasive speaking abilities. Who can participate in the Rice Elevator Pitch Competition? Although the competition was open to any Rice undergraduate student or team with a business con...
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True Impact of the Bayh-Dole Act

Addressing the True Impact of the Bayh-Dole Act Since the passage of the Bayh-Dole Act in 1980, many researchers have debated its contribution to the transfer of technology from universities to industry. Some credit the act as an engine of economic growth responsible for the emergence of the biotechnology industry. Critics say that the law decreased data sharing and basic research and increased health care costs. Others think that the act had little impact and that changes in university patenti...
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Bureaucracy and Public Sector Innovation

Hierarchies can often be complex and make it difficult for employees on the lower end of the hierarchy to be heard or seen by senior leadership. https://pixabay.com/en/silhouettes-hierarchy-human-man-81830/
The public benefits greatly when there are innovations in how our government approaches policymaking and regulation. However, sometimes barriers created by bureaucratic structures can slow implementation. When regulation and rigidity are holding us back, leaders are responsible for ensuring that our government institutions are allowing for change when our old ways of approaching challenges become antiquated. Innovation in the Public Sector Our traditional idea of innovation tends to point scie...
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