The Big Story: Making the startup ecosystem more equitable. Startup founders with innovative ideas should have the chance to succeed, no matter where they’re located or what they look like. But too often, underrepresented founders—including women and founders of color—are denied the opportunity to get investments, launch, and grow. This week, Engine released an assessment of barriers that underrepresented founders face as well as policy proposals to alleviate those barriers.
Startup News Digest 11/5/21
The Big Story: Immigration in play in reconciliation bill, but path unclear. As the House eyes a path forward on the reconciliation bill, newly-added language would create temporary protections for millions of undocumented immigrants, which could make it easier for foreign-born innovators, founders, and STEM talent to stay and work in the U.S.
In U.S.-EU relationship, startups can benefit from a race to the top
Today in Lisbon, Portugal, a collection of European nations launched the European Startup Nations Alliance, a formal body to support the implementation of the Startup Nations Standard. The standards, originally announced in March, are eight best practices designed to accelerate startup growth on the European continent and “make the European Union the most attractive” place to launch and grow a startup.
Startup News Digest 10/29/21
The Big Story: Biden puts up key tech, telecom nominees. This week, President Biden announced several long-awaited nominations that, if confirmed, will serve key roles in setting technology and telecom policies that impact the startup ecosystem.
Startup News Digest 10/22/21
The Big Story: Policymakers turn attention to patent policy. Over the past weeks, there have been several indications policymakers across D.C. are thinking about the various roles patents play in innovation policy—both recognizing their potential to support innovators but also seeking to understand how low-quality patents hurt startups and small businesses.
Startup News Digest 10/15/21
The Big Story: New tax deal could impact global startup ecosystem. Officials from around the world are moving forward with a new tax deal that would shift current tax laws and stands to impact both large companies and startups. G20 Finance Ministers this Wednesday endorsed the agreement that 136 countries agreed on last week, which would tax businesses based on where their goods and services are consumed—a shift from taxation based on physical presence. The deal would also set a new global minimum tax of 15 percent.
Startup News Digest 10/08/21
The Big Story: Congress hears about startups’ need for clear data rules. Lawmakers have turned back to discussions of a federal privacy framework, including at a hearing this week on data security, which featured testimony from Engine focused on how startups need clarity and certainty around data security practices.
Startup News Digest 10/01/21
The Big Story: SHOP SAFE bill advances despite potential to harm e-commerce startups and small businesses. In a first vote this week, the House Judiciary Committee advanced the SHOP SAFE Act, a bill that would create substantial costs and risks for e-commerce startups—making it harder for them to compete—and erect new barriers for entrepreneurs and small businesses who want to sell goods online.
Startup News Digest 09/24/21
The Big Story: Congress hits roadblock on immigration reform
A potential pathway to citizenship for Dreamers—a group critical to the startup ecosystem—was derailed this week when the Senate Parliamentarian blocked Democrats’ efforts to include immigration reform in the $3.5 trillion reconciliation bill. Many Dreamers are entrepreneurs, and, as a group, they employ over 86,000 individuals across the country. Legislators are now considering alternative proposals to ensure immigration provisions remain a priority.
Startup News Digest 09/17/21
State Policy Update: The Nuts and Bolts of State Innovation Policy
In a series of State Policy Updates, we are exploring how state initiatives are impacting the innovation happening in startup ecosystems across the country. While much of Engine’s work centers on policy advocacy and education in the federal landscape, state-based policymakers impact startup formation and growth through their own work. We’re tracking what’s working for startups, what’s falling short, and what federal policymakers can learn from their state-level counterparts.
Startups Need it, Lawmakers Want it, but Congress Has Yet to Move a Privacy Bill
The America Invents Act Turns Ten: What That Has Meant (and Could Still Mean) for Startups
The America Invents Act (AIA), signed into law ten years ago today, was the most substantial update to the U.S. patent system in recent memory. Reflecting on the past ten years reveals the ways in which the AIA has supported startup success but also shows room for improvement.
Startup News Digest 09/10/21
The Big Story: Global governments complicate content moderation. This week, governments across the globe zeroed in on how companies treat user content online, with several countries advancing policies that would make content hosting and moderation more difficult for Internet companies and hinder free expression online.
Startup News Digest 08/27/21
The Big Story: Startups should watch as Congress works on reconciliation bill. The House this week moved ahead with two major legislative packages that will have varying impacts on the U.S. startup ecosystem. On Tuesday, the House voted to approve a budget resolution creating a path for Congress to write its $3.5 trillion reconciliation bill, which could include immigration, childcare, and tax provisions. It also set a deadline to vote on the $1 trillion bipartisan infrastructure bill in late September, which includes billions of dollars for broadband expansion.
Startup News Digest 08/20/21
The Big Story: Congressional Startup Day brings policymakers and innovators together. This week, members of Congress and startups across the country celebrated Congressional Startup Day, the annual bipartisan, bicameral celebration giving startups a chance to connect with the members of Congress who represent them and identify the ways in which policymakers can encourage innovation and entrepreneurship.
Startup News Digest 08/13/21
The Big Story: Senate passes infrastructure bill, but crypto problems remain. This week, the Senate approved the bipartisan infrastructure bill, which has several provisions aimed at making broadband more accessible and affordable across the country, increasing opportunities for innovation and entrepreneurship. While those provisions are a big win for the startup ecosystem, the bill also contains a contentious provision that would create compliance burdens and data collection requirements on a large part of the cryptocurrency community.
Startup News Digest 08/06/21
The Big Story: Senate setting up broadband boost as part of infrastructure package. As the Senate moves toward passing the $1 trillion infrastructure bill, startups stand to gain from provisions in the bill that would increase reliable, accessible, and affordable broadband across the country. Although the bill has faced hurdles as it is being considered on the Senate floor—including significant pushback from the cryptocurrency community—the bill overall is a win for startups and Internet users.
Startups Stand to Benefit From Infrastructure Bill’s Broadband Push
Last week, Congress voted to advance the $1 trillion bipartisan infrastructure bill which promises to benefit startups by directing an unprecedented $65 billion for broadband development. This news comes at a time where many businesses are more dependent on Internet access than ever. Yet, there are still approximately 30 million Americans who lack broadband infrastructure that provides minimally acceptable speeds.
EU AI Regulation Needs Balance to Protect Startups, Promote Innovation
European policymakers concerned about the risks posed by human biases entering Artificial Intelligence (AI) systems introduced a draft proposal earlier this year that would govern AI within the European Union and American startups operating there. Eliminating bias in AI is necessary to protect human rights, and balanced regulation can provide the legal certainty required to foster socially-beneficial innovation. However, the proposed AI law misses this mark in its current form and instead discourages the uptake of AI in the EU and threatens the vitality of AI startups on both sides of the Atlantic.