Weekly Entrepreneurship Roundup 4/14

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: How to Make Texas More Startup-Friendly Iris Huang, Research Assistant, McNair Center for Entrepreneurship and Innovation McNair Center’s Huang interviews Blake Commagere, entrepreneur, angel investor and startup mentor in the San Francisco Bay Area on how to improve an entrepreneurial ecosys...
More

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...
More

Global Policy Uncertainty and U.S. Stock Trends

https://upload.wikimedia.org/wikipedia/commons/e/ec/Wall_Street_-_New_York_Stock_Exchange.jpg
The Financial Times has predicted that “the rise of Donald Trump may already be casting a shadow over the global economy.” When it comes to the Trump Administration, the world is unsure what policies to expect. Trump’s positions on international trade and tendency toward nationalist policies are a concern for the rest of the world. However, the U.S. stock market is performing at record-breaking highs. Economic research has linked policy uncertainty to stock market slowdowns. If this is so, wh...
More

The Right to Entrepreneurship

USAID has worked to increase micro credit accessibility. For example, this project in Indonesia provided loans to rural women. https://commons.wikimedia.org/wiki/File:USAID_Micro_Credit_Project.jpg
Entrepreneurship and human rights are not frequently mentioned in the same conversation in the United States. However, in international policy, human rights and entrepreneurship are linked by many common policy goals, including enforcing the rule of law, improving infrastructure and fighting corruption. Rights necessary to pursue entrepreneurial endeavors–like the right to participate in the economy, the rights to education and information and access to credit–are considered crucial for the worl...
More

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...
More

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...
More