This week we are going to review a new U.S. Government initiative you may not be aware of: The Department of Commerce’s new Office of Innovation and Entrepreneurship and The National Advisory Council on Innovation and Entrepreneurship. These new programs are designed to help entrepreneurs launch and/or grow their businesses and help lead the economic and jobs recovery.
Why is this important? According to a study by the Kauffman Foundation, the world’s largest foundation devoted to entrepreneurism, “More than half of Fortune 500 companies were founded in recession or bear market.” The current economic challenges have lead many Americans to look at starting their own business and for many these budding entrepreneurs, they need to understand where and from whom they can get reliable advice. According to a Department of Commerce spokesperson, this is exactly what the new Office of Innovation and Entrepreneurism is designed to accomplish.
Here are some of the key takeaways regarding these new programs:
- The home page for the new Office of Innovation and Entrepreneurism can be found at http://www.entrepreneurship.gov/
- The National Advisory Council will advise the Secretary of Commerce and the Administration on issues relating to innovation and entrepreneurism and they are taking statements of interest from anyone who is interested in serving on the council. More information is below:
- Entrepreneurship.gov is designed to streamline the process entrepreneurs need to go through in order to find and get access to U.S. government assistance.
