With the ascent of corporate venture over the past decade comes an increased need to share best practices among established and new practitioners. Our research at the National Venture Capital Association shows that last year, corporate venture capitalists invested $3.1 billion in 693 deals, which represented 10.6 percent of all venture capital investment, growing from $1.5 billion in 539 deals in 2005. As an organization, we are committed to convening all facets of the innovation ecosystem – from traditional VCs to corporate investors – to expand networks, provide platforms for discussion, resources and top tier industry research. (more…)
The growth of innovation ecosystems across the U.S. can be influenced by a range of factors – the presence of research institutions, incubators and accelerators, local investment communities, existing businesses and corporations, cost-of-living, public policy, population density, and infrastructure. State and regional venture capital trade associations play the critical role of navigating the bevy of resources and challenges for innovators, and help spur innovation through programming, advocacy and research. (more…)
This week, NVCA submitted our comments to the White House Office of Science and Technology Policy (OSTP) and the National Economic Council (NEC) on their updates to the 2009 Strategy for American Innovation, a comprehensive set of goals to advance innovation in the U.S.
We are committed to advancing public policies to support the growth of innovative new companies that are the foundation of a vibrant, prosperous U.S. economy. Despite the rise of incubators, crowdfunding, corporate venture capital, along with traditional venture capital, there remain considerable challenges for new companies in capital-intensive sectors such as life sciences, advanced materials and clean energy. In these sectors, in particular, the government has a critical role to play in fostering an environment for increased investment and innovation through tax and regulatory policies. (more…)
NVCA Provides Public Policy Recommendations to House Committee on Energy and Commerce to Address Current Challenges Hindering Medical Innovation
The U.S. venture capital industry has always played a critical role in advancing medical innovation through investment in the life sciences industry, which includes biopharmaceutical, medical technology and diagnostics companies. The life sciences industry has revolutionized healthcare worldwide by preventing or curing serious conditions like influenza and cancer, and transforming once fatal diseases like HIV/AIDS into manageable chronic conditions. (more…)
Tremendous opportunity exists for innovators across the U.S. to transform and improve the most basic ways we live, work and play. The convergence of accessible, affordable technologies and the development of new resources for entrepreneurs has made it easier than ever to start a company. High-growth startups are driving change across all sectors of the economy, sparking new life within entrenched industries such as transportation, biotechnology, healthcare and hospitality and, in some cases, spurring the growth of new industries.
On August 5th, Members of Congress will participate in Startup Day Across America to connect with the entrepreneurs that represent the backbone of the nation’s innovation ecosystem. The Congressional Caucus on Innovation and Entrepreneurship, 1776, Engine Advocacy and the National Venture Capital Association (NVCA) have worked together to organize the 2nd Annual Startup Day to showcase entrepreneurship through a series of nationwide events and to ensure the voices of the newest, youngest companies are heard. (more…)
Conner Forrest of TechRepublic published an article today, How 2014 could become the year of the startup, making the case that we could see a strong year for startups due to a rise in venture capital investment and exits through mergers and acquisitions and initial public offerings.
Our most recent quarterly PwC/NVCA MoneyTree™ Report based on data provided by Thomson Reuters reported that in the first quarter of 2014, venture capital activity increased from the previous quarter with $9.5 billion invested in 951 deals. (more…)
The much-talked about Wall Street Journal piece from Rupert Murdoch on the urgent need to pass immigration reform shines a bright light on the need for Congress to come together and act. While Murdoch is one of many, many voices championing this issue, his piece stands in contrast to the cacophony of voices who are sending immigration reform to the legislative graveyard.
Murdoch’s voice is important because he makes one point crystal clear: Immigration reform is not dead. As a nation we cannot pass on this opportunity to reform our immigration system because the engine of the U.S. economy—innovation and entrepreneurship—depends on the foreign-born entrepreneurs who come to America to build new businesses. (more…)
As I begin my term serving as the 2014-2015 Chairman of the National Venture Capital Association (NVCA), I wanted to use this first blog post as an opportunity to provide the venture community with my outlook on the coming year and discuss NVCA’s role as a resource, champion and unifying force for our dynamic industry. Along with our newly elected board and the NVCA staff, I am looking forward to serving our members in the coming year, as well as the broader entrepreneurial ecosystem our industry supports. (more…)
There is immense opportunity in America today to build new technologies, services and products that shape the world. One of our key priorities at NVCA is ensuring America remains a country where the new ideas can flourish and long-term investment in innovation is rewarded. But, an environment that supports entrepreneurship and investment in new ideas cannot be taken for granted.
An economy where innovation can thrive must be carefully cultivated. Everyone in the innovation economy—venture capital investors, entrepreneurs, researchers, students, policymakers, corporations, incubators, service providers and others—has a role to play in advocating for the policies and regulations that provide pathways for innovators to bring new technologies and services to market. Right now, innovators are at a crossroads. If our government can’t bring simplicity and transparency to the regulatory system, America risks losing the entrepreneurs and those who invest in new ideas to Europe, Australia and Asia. (more…)
Last week, I attended the 2014 Energy Datapalooza event hosted at the White House, a gathering of innovators who are using the power of data to build the clean energy economy. Several venture-backed companies were part of the technology showcase and exhibited at the event, highlighting novel technologies aimed at energy efficiency, utility load management and a myriad of other challenges in the energy sector.
At the National Venture Capital Association (NVCA), we believe that the government can and should be a trusted partner in helping the private sector adopt innovative technologies that will help spur the growth of the next generation of energy companies. (more…)