Promote entrepreneurial America: Announce that the SBA, at the President's directive, will help States & local schools, colleges, and universities create Entrepreneur Competitions each year to present business proposals. Local business people, venture capitalists, and investors will be the judges. Winners will be announced in different categories, will also compete at the State and National level.
Create national events where both startups and investors can have booths like a trade show. This way investors can seek out great new companies and startups can get access to funding partners. 90% of great companies that do not get funding is not because of the idea, but it is because of lack of the correct exposure to the right investors.
Following the principals of crowd funding (e.g. crowd vetting, all or nothing funding, small dollar investments, community forum for knowledge sharing), allow SEC registered Internet platforms to offer limited offerings for entrepreneurs and small businesses (small businesses being defined as less than $5 million annual gross income). The window will allow for a maximum capital raise of $1M from micro-angels (capped... more »
Create national entrepreneurship program.
Mission: Create 1,000,000 new entrepreneurs within the next four years
Program: Education, Mentoring, Funding, and Development of new entrepreneurs.
Follow through with funding and development of new ideas on behalf of these entrepreneurs that matter to our nation
I suggest an interest holiday, or a switch to monthly compound interest rather than daily, on private student loans which are subject to regulation by the federal government. I also suggest repeal of the 2005 provision which made private student loans non-dischargeable in bankruptcy. The reduced debt loads will encourage aspiring entrepreneurs to take more risks. Likely entrepreneurs are often young, educated professionals... more »
Offer federal tax credits to budding entrepreneurs and inventors for the fees associated with the filing a patent application.
There are many people that have no idea where to begin when it comes to finding investors and many potential private investors that have no clue where to find great ideas to invest in. To help solve this problem the Federal Government could create a central website where private investors can be paired with entrepreneurs, inventors and idea makers. The Federal Government could also provide incentive for private investors... more »