Public Policy Archives - National Venture Capital Association

Innovation Coalition Calls on President Biden to Implement the International Entrepreneur Rule

All Press Releases, Immigration, Public Policy February 5, 2021/by Devin Miller

FOR IMMEDIATE RELEASE
February 5, 2021

Contact: Cassie Ann Kiggen
Phone: 202-864-5923
Email: ckiggen@nvca.org

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.

NVCA Condemns Violent Assault of the United States Capitol

All Press Releases, Public Policy January 8, 2021/by Devin Miller

FOR IMMEDIATE RELEASE
January 7, 2021

Contact: Cassie Ann Kiggen
Phone: 202-864-5923
Email: ckiggen@nvca.org

WASHINGTON, DC – The horrific acts of violence carried out yesterday were a direct attack on our nation’s Capitol, our lawmakers, the American people, and our democracy itself.

The National Venture Capital Association (NVCA) condemns the domestic terrorist attack on the Capitol. We firmly reject any attempts to undermine the lawful, peaceful, and democratic transition of power. Read more

NVCA Outlines Key Policy Priorities in Letter to Joe Biden

All Press Releases, Public Policy December 9, 2020/by Devin Miller

FOR IMMEDIATE RELEASE
December 8, 2020

Contact: Cassie Ann Kiggen
Phone: 202-864-5923
Email: ckiggen@nvca.org

WASHINGTON, DC – In a letter to President-elect Joe Biden today, the National Venture Capital Association (NVCA) outlined several areas where the venture capital and startup ecosystem and the incoming administration can work together to support the President-elect’s Build Back Better agenda. Many of President-elect Biden’s initiatives will need the active participation of the startup community to be successful. NVCA’s letter articulates how entrepreneurship is the answer to many of the challenges our country faces and that we stand ready to work on policies that can fully unleash this tremendous economic engine on solutions to many of the Biden Administration’s priorities.

NVCA Supports CMS’ Proposed Medicare Coverage Pathway that will Advance Medical Innovation

All Press Releases, Healthcare Innovation, Public Policy November 2, 2020/by Devin Miller

FOR IMMEDIATE RELEASE
November 2, 2020

Contact: Cassie Ann Kiggen
Phone: 202-864-5923
Email: ckiggen@nvca.org

WASHINGTON, DC – The National Venture Capital Association (NVCA) today expressed its strong support to the Centers for Medicare & Medicaid Services’ (CMS) proposal to establish the Medicare Coverage of Innovative Technology (MCIT) pathway. The MCIT would create a new coverage pathway for FDA-designated breakthrough devices, which would significantly improve the complex process of bringing innovative medical products to market. Venture investment in medical devices has decreased as a percentage of overall venture capital. Many medical device investors attribute this decline to the reimbursement landscape.

NVCA Endorses Phillips-Walorski Bill That Will Support Startups During the Economic Crisis

All Press Releases, Public Policy, Taxes August 6, 2020/by Devin Miller

FOR IMMEDIATE RELEASE
August 6, 2020

Contact: Cassie Ann Kiggen
Phone: 202-864-5923
Email: ckiggen@nvca.org

WASHINGTON, DC – The National Venture Capital Association (NVCA) today expressed its strong support for the IGNITE American Innovation Act, introduced by Reps. Dean Phillips (D-MN) and Jackie Walorski (R-IN). The legislation will provide immediate liquidity to startups by allowing them to monetize certain tax assets. Specifically, the bill will allow companies with less than 1,500 employees to monetize up to $25 million in net operating loss (NOL) carryforwards and R&D credits, and provide a bonus for tax assets generated by research and production of technologies intended to prevent, diagnose, and treat COVID-19.

Coalition of Startup Advocates Voice Strong Support for IGNITE American Innovation Act

All Press Releases, Public Policy, Taxes August 5, 2020/by Devin Miller

FOR IMMEDIATE RELEASE
August 5, 2020

Contact: Cassie Ann Kiggen
Phone: 202-864-5923
Email: ckiggen@nvca.org

WASHINGTON, DC – A coalition of advocates for the startup ecosystem today expressed their strong support for the IGNITE American Innovation Act, introduced by Reps. Dean Phillips (D-MN) and Jackie Walorski (R-IN). The coalition organizations include: The National Venture Capital Association, Biotechnology Innovation Organization, TechNet, AdvaMed, Center for American Entrepreneurship, Medical Device Manufacturers Association, Angel Capital Association, and Technology Councils of North America.

Trump’s Executive Order on Drug Pricing Could Stymie New Healthcare Solutions

All Press Releases, Healthcare Innovation, Public Policy July 24, 2020/by Devin Miller

FOR IMMEDIATE RELEASE
July 24, 2020

Contact: Cassie Ann Kiggen
Phone: 202-864-5923
Email: ckiggen@nvca.org

WASHINGTON, DC – The National Venture Capital Association (NVCA) today responded to President Trump’s executive order proposing an International Pricing Index, which would tie Medicare’s drug prices to those in other countries.

New Tax Bills Will Increase Investment in COVID-19 Solutions and Improve American Competitiveness

All Press Releases, Public Policy, Taxes July 9, 2020/by Devin Miller

FOR IMMEDIATE RELEASE
July 9, 2020

Contact: Cassie Ann Kiggen
Phone: 202-864-5923
Email: ckiggen@nvca.org

WASHINGTON, DC – The National Venture Capital Association (NVCA), TechNet, and the Center for American Entrepreneurship (CAE) are pleased to see the introduction of several tax policy measures designed to increase investment in solutions to the public health crisis caused by COVID-19 and to support the long-term health of the startup ecosystem. NVCA, TechNet, and CAE strongly support new policies that can effectively impact the unique business model of patient long-term investment into research and growth activities commonly found in the American startup ecosystem. Specifically, the American Innovation Act will improve our long-term competitiveness by making capital-intensive investment relatively more attractive. Other bills build on the success of the research and development tax credit to provide liquidity and encourage investment in startups focused on solutions to the COVID-19 pandemic.

New Reforms to Volcker Rule will Help Build New Companies Across America

All Press Releases, Capital Formation & Regulation, Public Policy June 25, 2020/by Devin Miller

FOR IMMEDIATE RELEASE
June 26, 2020

Contact: Cassie Ann Kiggen
Phone: 202-864-5923
Email: ckiggen@nvca.org

WASHINGTON, DC – The National Venture Capital Association (NVCA) is thrilled to see a final rule released by several agencies intended to remove a needless regulatory barrier that has limited bank participation in venture capital funds. The revisions to the Volcker Rule will once again allow banks to invest in venture capital funds. While NVCA is still working through the details, the rule appears to be a great win for entrepreneurship, innovation, and American communities. This reform to the Volcker Rule, which will go into effect on October 1, is especially important to small and regional VC funds who have greater challenges raising the capital needed to build businesses, and will put capital to work building startup communities around the country. Read more

NVCA Makes Recommendations on Volcker Rule Reform to Federal Agencies

All Press Releases, Capital Formation & Regulation, Public Policy April 1, 2020/by Devin Miller

FOR IMMEDIATE RELEASE
April 1, 2020

Contact: Cassie Ann Hodges
Phone: 202-864-5923
Email: chodges@nvca.org

WASHINGTON, DC – The National Venture Capital Association (NVCA) submitted comments to federal agencies today making recommendations on their proposed revision to the Volcker Rule that would allow banks to once again invest in venture capital funds. The Volcker Rule’s covered funds prohibition on financial institution investment into venture capital funds has created an unnecessary limitation for capital formation, particularly in emerging entrepreneurial ecosystems where venture fundraising requires investment from a more diverse set of limited partners. Read more

Black History Month: Celebrating Leaders & Initiatives Driving More Black Representation in VC

blog, Diversity, Ecosystems February 26, 2021/by Maryam Haque

Black employees comprised 3% of all investment partners at U.S. VC firms in 2018, and 1% of total venture funding went to Black or African American startup founders in 2020. As an industry, we are far from where we should be with respect to Black representation among senior leaders. We have a long way to […]

NVCA Member Spotlight: Blue Bear Ventures

blog, Ecosystems, Member Spotlight February 18, 2021/by Cassie Ann Kiggen

Welcome to our Member Spotlight series where we give a profile overview of our many diverse members. For this deep dive, we spoke to Deepak Gupta, Managing Partner at Blue Bear Ventures.

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