Humans don’t make very good multitaskers, but the same isn’t true for AI
Court hears arguments on net neutrality
Executive coaching should be accessible to anyone who is interested, but oftentimes scaling the education is not practical. With her company Zella Life, co-founder Remy Meraz is democratizing professional development using AI. We sat down with her to discuss AI, independent contractors, and more.
After working in the financial sector for over 20 years, Mical Jeanlys-White founded her own company, WealthMore, a wealth tech with a focus on tackling a key financial barrier—wealth building and management. Her company leverages technology to connect everyday Americans with accessible wealth management services, aiming to provide wealth creation for all. We sat down with her to discuss her journey in raising capital, navigating tax policy, the evolving role of AI, and more.
Vance Reavie is no stranger to entrepreneurship. Using his knowledge from previous ventures, he created an AI platform that intelligently automates manual marketing and merchandising workflows and content generation processes for brands and retailers. We sat down with Vance to discuss the startup ecosystem in Arkansas, AI policy and regulation, grant opportunities, and more.
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.
Big story: FCC digs into digital discrimination. This week, the Federal Communications Commission (FCC) voted to kickstart proceedings to tackle digital discrimination—the lack of reliable, accessible, and affordable broadband in certain communities across the country—which creates barriers for would-be startup founders, especially underrepresented founders.
The Big Story: Over 100 startups, investors, organizations defend QSBS tax treatment. This week, more than 100 startups, startup investors, and startup support organizations sent a letter to Congress urging them to preserve the current tax treatment of Qualified Small Business Stock (QSBS), which helps startups attract early-stage investment and employees.
The Big Story: EARN IT Act moves forward despite concerns from lawmakers, advocates, and industry. A bill moving through the Senate would amend critical Internet legal frameworks that startups rely on to host user-generated content and disincentivize startups from using privacy and security-enhancing measures like encryption.
The Big Story: The startup policy priorities for 2022. This week, Engine released its 2022 Startup Agenda, highlighting the policy priorities of the U.S. startup ecosystem and featuring startups across the country explaining the ways policy can support them. As we explain in the agenda, there are startups in every state and every congressional district. There are startups that have all kinds of business models and rely on all types of funding. There are startups that operate in every sector of U.S. industry. And all of them will be impacted by policymakers' decisions across a range of issues.
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.
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.
The Big Story: Biden unveils infrastructure plan with broadband, tax proposals. President Joe Biden announced an ambitious $2 trillion proposal this week that would rely on a combination of spending and tax credits to upgrade and expand the nation’s infrastructure. In addition to devoting billions of dollars towards upgrading schools, improving roads and bridges, and spurring a shift towards clean energy sources, the plan would also allocate $100 billion towards the expansion of broadband to narrow the nation’s digital divide. In a speech on Wednesday announcing his infrastructure plan, President Biden said the connectivity funding would “make sure every single American has access to high-quality, affordable high-speed Internet.”
TLDR: As the House readies to approve a stimulus package that would provide billions of dollars for Americans and small businesses, policymakers are continuing to prioritize funding for broadband in order to narrow the nation’s digital divide. Efforts to improve Internet connectivity in rural and underserved communities across the country will not only benefit all Americans, but will also help lead to the creation of new and innovative startups needed to drive the nation’s economic recovery moving forward.
The Big Story: Congress, FCC take steps to narrow the “digital divide” amid pandemic. As millions of Americans continue to depend upon reliable Internet services to work, learn, and connect amid the ongoing pandemic, policymakers are moving to address gaps in high-speed connectivity and broadband infrastructure across the United States. The issue of broadband access was in the spotlight this week as the Federal Communications Commission and a top House panel both took steps to improve connectivity and identify areas of the country where access is still lagging.
The Big Story: Net neutrality back in the spotlight as DOJ drops California suit. The U.S. Department of Justice this week dropped its challenge to California’s 2018 net neutrality law, removing one of the major roadblocks to its implementation. The law—which would have reinstated the net neutrality protections in the state of California—was signed by then-Governor Jerry Brown after the Federal Communications Commission repealed the net neutrality protections at the end of 2017. In a statement following DOJ’s announcement, FCC Acting Chair Jessica Rosenworcel said “[b]y taking this step, Washington is listening to the American people, who overwhelmingly support an open Internet, and is charting a course to once again make net neutrality the law of the land.”
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.
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.
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.
The Big Story: FCC opens up unlicensed spectrum for Wi-Fi. The Federal Communications Commission voted this week to free up spectrum in the 5.9 GHz band for unlicensed use, a move that will add 45 MHz to the 5GHz spectrum band currently used for Wi-Fi networks. The spectrum had been allocated to the U.S. Department of Transportation nearly two decades ago but had been largely unused. The move to open up spectrum in the 5.9 GHz band will increase Internet speeds and connectivity once devices are able to support it, largely because it’s near the portion of the 5GHz band already used for Wi-Fi. And, as FCC Commissioner Mike O’Rielly noted in a statement, “most equipment will be able to take advantage of this spectrum with only a quick software upgrade.”
“Today’s DC Circuit Court decision is disappointing, particularly because the court, like the FCC, failed to take seriously the reliance interests of startups, entrepreneurs, and investors on the FCC’s enforcement of net neutrality protections. The startup ecosystem has grown over the past decade precisely because of the FCC’s long history of using its authority to stop abusive ISP practices—authority the current FCC has now abandoned.”
This morning, on the one-year anniversary of the repeal of net neutrality, Engine released a letter signed by over 160 startups in support of H.R. 1644 / S. 682, the Save the Internet Act.
“We are pleased that House lawmakers voted to advance H.R. 1644, the Save the Internet Act, a bill that would fully restore the strong net neutrality protections that were enshrined in the FCC’s 2015 Open Internet Order. Net neutrality helps preserve the Internet as a level playing field for companies of all sizes, promoting competition and innovation.”
This afternoon, Engine released a letter signed by over 120 startups in support of H.R. 1644, the Save the Internet Act. The legislation would restore the FCC’s 2015 Open Internet Order, which allowed startups to grow and succeed by keeping the Internet a level playing field.
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