Access to Capital

Startup News Digest 05/27/22

Startup News Digest 05/27/22

The Big Story: Indo-Pacific framework could advance digital trade priorities for startups. Early this week during his visit to Japan, President Biden announced the launch of the Indo-Pacific Economic Framework for Prosperity (IPEF) with 12 countries in the region. The framework—first outlined last year and including Australia, Brunei, India, Indonesia, Japan, Malaysia, New Zealand, the Philippines, Singapore, South Korea, Thailand, and Vietnam—is the administration’s primary trade engagement in the region and promises to touch on digital trade issues important to startups, like data flows and regulation of emerging technologies.

Startup News Digest 05/20/22

Startup News Digest 05/20/22

The Big Story: Tech waits to see if SCOTUS will let Texas social media law stand. The Internet ecosystem is waiting to see whether the Supreme Court will issue an emergency stay of a lower court ruling from last week that would limit Internet companies’ ability to remove harmful content. The emergency stay could come as early as today. This week, Engine joined the Chamber of Progress and over 20 Internet advocacy groups and civil society organizations in a brief to the court urging them to reverse the Fifth Circuit decision, which overruled a lower court ruling that kept a 2021 Texas social media law from going into effect.

Startup News Digest 05/13/22

Startup News Digest 05/13/22

The Big Story: Big week for Biden’s broadband efforts. The Biden administration is honing in on broadband expansion this week with new partnerships with Internet providers to ensure low-cost broadband for low-income Americans and the kickoff of a program to make available $45 billion for state broadband initiatives. Reliable, accessible, affordable broadband is crucial to the startup ecosystem and innovators across the country.

Startup News Digest 05/06/22

Startup News Digest 05/06/22

The Big Story: Administration action easing student loan debt could spur entrepreneurship. With student debt forgiveness back in the news, policymakers have an opportunity to ease the tough road to entrepreneurship, especially for underrepresented founders. Last week, the Biden administration indicated an intent to enact student loan forgiveness in the coming weeks, as millions of borrowers continue to struggle with high federal student debt balances. While the details are still unclear on what exactly forgiveness would look like and who would be eligible, one thing is clear: excessive student loan debt serves as a barrier to entrepreneurship for many.

Statement on the IGNITE American Innovation Act

The following statement can be attributed to Engine’s Executive Director, Kate Tummarello: “Engine applauds Rep. Phillips for reintroducing the IGNITE American Innovation Act, which will help to provide startups with the liquidity they need to continue to see the nation through pandemic recovery and accelerate R&D efforts for America's high-tech startups and innovators.”

Evaluating Competition Proposals with the Startup Perspective

Evaluating Competition Proposals with the Startup Perspective

Competition issues are in the spotlight in D.C. and state capitals across the country. At Engine, we’re encouraged when lawmakers think about ways to boost competition and innovation, as startups stand to benefit if sound policy makes it easier for small and new companies to launch and grow. But much of the current policy conversation is centered around a few companies and fails to consider the impacts policy decisions will have on the rest of the technology ecosystem, which is inherently interconnected.

Startup News Digest 06/04/21

Startup News Digest 06/04/21

The Big Story: Transatlantic data deal a priority ahead of U.S.-EU summit. Ahead of the U.S.-European Union summit later this month, President Joe Biden is renewing the administration’s focus on negotiating a new deal to let U.S. companies, especially startups, that operate in Europe store and process EU users’ data in the U.S. The two governments must address policy-related obstacles to transatlantic digital trade, including the invalidation of the last data flow deal as well as likely impacts from other EU proposals around digital taxes, artificial intelligence, and online platforms and marketplaces.

Startup News Digest 05/21/21

Startup News Digest 05/21/21

The Big Story: As broadband subsidy program ramps up, lawmakers eye next steps. The need for universal broadband was back in the spotlight this week as lawmakers discussed the impacts of the digital divide, especially during the pandemic. At a hearing Tuesday, the House Appropriations subcommittee on financial services and general government examined the impact a lack of affordable, reliable broadband has, especially on rural communities and communities of color.

Startup News Digest 05/14/21

Startup News Digest 05/14/21

The Big Story: Endless Frontier Act advances through key Senate Committee with changes. The Senate Commerce Committee voted this week to advance a pared down version of the Endless Frontier Act, clearing it’s path for a floor vote. The bill would invest funds to prioritize research into advanced technologies and would authorize $10 billion to create at least ten regional technology hubs. While the original iteration of the legislation directed $100 billion over five years to the bill’s newly created tech directorate at the National Science Foundation (NSF), after amendment, much of this funding would be directed to other NSF activities, with a portion of funds marked toward the directorate to be diverted to the Department of Energy’s National Laboratories.

Startup News Digest 04/30/21

Startup News Digest 04/30/21

The Big Story: Biden unveils plan to invest billions in education, child care. President Joe Biden unveiled an ambitious $1.8 trillion proposal—known as the American Families Plan—that would, in part, give Americans expanded access to education, create a federal paid family and medical leave program, and extend the expanded child tax credit included in last month’s stimulus package. In a speech before a joint session of Congress on Wednesday, Biden said the plan—along with his proposed $2 trillion infrastructure package—would help keep the U.S. at the forefront of global competitiveness.

Startup News Digest 04/23/21

Startup News Digest 04/23/21

The Big Story: New Engine report assesses the nation’s startup ecosystem. Engine, with support from the Charles Koch Institute and data prepared and analyzed by Startup Genome, released a new report this week examining trends in the startup ecosystem. The report—"The State of the Startup Ecosystem”—evaluates startup fundraising trends, assesses individual U.S. ecosystems, analyzes startup exits, and contextualizes the capital needs of investor-backed startups.

Engine Releases Report On the State of the Startup Ecosystem

Engine Releases Report On the State of the Startup Ecosystem

Today, Engine, along with the Charles Koch Institute and Startup Genome, issued a report looking at the overall health of the startup ecosystem. We hope this report can serve as a resource for policymakers considering a wide range of policy issues that impact early-stage companies across the country.

Stimulus Package Offering Billions in Relief for Small Businesses Advances to Senate

Stimulus Package Offering Billions in Relief for Small Businesses Advances to Senate

TLDR: Following House passage of President Joe Biden’s stimulus package this weekend, Senate Democrats are pushing forward with the measure that would provide billions of dollars to Americans and small businesses affected by the pandemic. As the Senate prepares to vote on the stimulus plan, it is important for policymakers to guarantee that the money set aside for struggling small businesses effectively provides the entrepreneurial community with the targeted emergency assistance it needs to drive the nation’s long-term economic recovery.

Stimulus Sets Aside Billions for Small Businesses

Stimulus Sets Aside Billions for Small Businesses

TLDR: Democrats are moving forward with President Joe Biden’s stimulus package that would provide billions of dollars in relief to small businesses and entrepreneurs affected by the pandemic. As policymakers finalize the proposal, they should work to ensure that economic relief earmarked for startups and other nascent companies truly provides long-term, targeted support for the U.S. entrepreneurial community.

Startups’ Short Term To-Do List for Biden Administration

Startups’ Short Term To-Do List for Biden Administration

TLDR: As we round out the second week of the Biden administration, the president is continuing to chart out the country’s long-term economic recovery from the pandemic. While President Joe Biden has already taken a number of positive early steps—including prioritizing vaccination efforts, rescinding harmful immigration orders issued by the previous administration, and advancing racial equity efforts—it is integral that the administration devote time during its first 100 days in office to support and strengthen America’s startup ecosystem across a range of policy areas.

Startup News Digest 01/29/21

Startup News Digest 01/29/21

The Big Story: Biden’s regulatory freeze is a mixed bag for startups. President Joe Biden’s decision to institute a 60-day regulatory freeze on new or pending rules from federal agencies and executive departments could significantly impact the U.S. startup community. As the Biden administration undertakes this assessment, which gives officials the opportunity to review proposed regulations from the previous administration, federal officials should take care to refrain from holding up any policies that would expand and enhance entrepreneurship, while taking a closer look at rules that would prove detrimental to innovation and competition.

As Policymakers Turn the Heat up on Tech Policy, Startups Need a Seat at the Table

As Policymakers Turn the Heat up on Tech Policy, Startups Need a Seat at the Table

In a new Medium post, Engine announced the launch of our Startup Agenda 2021, which outlines the policy priorities of the U.S. startup community. The Startup Agenda 2021 covers a range of policy issues that include capital access, connectivity, intellectual property, privacy, and more. As we explain in our post below, there are startups in every state and congressional district across the country, and their perspective is especially critical if policymakers hope to craft rules and regulations that boost innovation and competition.

Startup Community Paying Close Attention to Biden’s Picks for Key Federal Agencies

Startup Community Paying Close Attention to Biden’s Picks for Key Federal Agencies

TLDR: As President Joe Biden’s transition team continues to vet and identify key federal officials, agencies that contribute to technology and small business policy—such as the Federal Communications Commission (FCC), the Federal Trade Commission (FTC), and the U.S. Patent and Trademark Office (USPTO)—will likely see new leaders in the coming months. As the Biden team picks new federal officials, however, it should be guided by a commitment to supporting and enabling the nation’s innovation ecosystem.

Startup News Digest 01/15/21

Startup News Digest 01/15/21

The Big Story: Biden proposes billions in COVID relief for entrepreneurs. President-elect Joe Biden unveiled an ambitious $1.9 trillion coronavirus relief package yesterday focused on bolstering the nation’s response to the pandemic, providing more direct relief to working families, and supporting small businesses and communities that have been most affected by the ongoing economic uncertainty. Building off of economic relief efforts signed into law at the end of last year, Biden’s proposed package would place a greater emphasis on relief for the U.S. entrepreneurial and small business communities.

Startup Policy: 2020 Year in Review

Startup Policy: 2020 Year in Review

TLDR: Over the course of 2020, policymakers engaged on a variety of critical issues and concerns impacting the nation’s startup community, especially around the COVID-19 pandemic, which upended daily life for millions of Americans. Small businesses and entrepreneurs affected by the pandemic called for Congress to provide nascent companies with the emergency support needed to weather the economic uncertainty. The startup perspective has also been crucial in discussions about the importance of Section 230 for small Internet companies that host user-generated content, changes to a law that provides startups with a balanced framework for addressing allegations of online copyright infringement, policies limiting access to high-skilled talent, and much more. As the end of the year draws near, we wanted to highlight just a few of the policy issues that have affected the startup community in 2020.