Archive for: Immigration

WASHINGTON, DC – The National Venture Capital Association strongly urges the Centers for Medicare and Medicaid Services (CMS) to expedite coverage for innovative medical technologies by prioritizing reforms to the reimbursement process. The existing reimbursement policy and the uncertainty that follows approval of new medical products has led to the decline in medical device investment over the years as a share of overall venture activity.

“Now is the time to encourage venture investors and startups to make bold advancements in life-changing treatments and cures,” said NVCA President and CEO Bobby Franklin. “The proposed rule to repeal the MCIT pathway is disappointing. We need CMS to prioritize establishing a revised framework for innovative medical technologies.

“An expedited coverage pathway has the potential to bring major improvements to the U.S. healthcare system, including encouraging greater long-term investment and providing immediate benefits for the Medicare population through transformative new products.”

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About National Venture Capital Association

The National Venture Capital Association (NVCA) empowers the next generation of American companies that will fuel the economy of tomorrow. As the voice of the U.S. venture capital and startup community, NVCA advocates for public policy that supports the American entrepreneurial ecosystem. Serving the venture community as the preeminent trade association, NVCA arms the venture community for success, serving as the leading resource for venture capital data, practical education, peer-led initiatives, and networking. For more information about NVCA, please visit www.nvca.org.

WASHINGTON, DC – The National Venture Capital Association (NVCA) was thrilled today that the Biden Administration announced it will fully launch the International Entrepreneur Rule (IER). NVCA has fought for several years for IER, which works similarly to a Startup Visa, to be fully implemented. Today’s announcement means foreign-born entrepreneurs and their investors can take advantage of IER when building high-growth companies in the U.S.

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WASHINGTON, DC – A coalition of 16 organizations representing the U.S. innovation, entrepreneurship, and startup ecosystems sent a letter today to Department of Homeland Security (DHS) Secretary Alejandro N. Majorkas asking him to implement the International Entrepreneur Rule (IER). IER, originally put in place at the end of the Obama Administration, would work similar to a Startup Visa by allowing world-class foreign entrepreneurs to launch high-growth companies in the United States by utilizing the parole authority of DHS.

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WASHINGTON, DC – The National Venture Capital Association (NVCA) issued the following statement today after the Department of Homeland Security (DHS) proposed to rescind the International Entrepreneur Rule, which would allow for talented immigrant entrepreneurs to remain in the U.S. to build and scale their startups.

“The startup and venture community is very disappointed with DHS’s short-sighted decision to turn away American jobs that would be created by the International Entrepreneur Rule,” said Bobby Franklin, President and CEO of NVCA. “The facts are clear: our country needs more entrepreneurship, which is exactly what the International Entrepreneur Rule would bring. We will continue to explain to the administration why immigrant entrepreneurship benefits our country and must be supported by policymakers.” Read more