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Current Entrepreneurship and Innovation Policies (view source)
Revision as of 15:23, 9 June 2016
, 15:23, 9 June 2016no edit summary
*The '''Small Business Innovation Research (SBIR)''' program<ref name="kauffman" /> was 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.<ref name="kauffman" />
*The '''[[SBA | Small Business Administration]] (SBA)''' is an independent agency for the Federal Government that grows businesses and creates jobs by acting as the voice of small businesses. It serves to strengthen entrepreneurial ecosystems by providing financial assistance specifically to the many small businesses that do not qualify for bank loans.
