The goal of Advocacy’s Innovation Initiative is to identify the challenges and barriers hindering the growth and development of small innovative companies and to offer solutions to surmount such barriers. The Office of Advocacy’s Innovation Initiative is comprised of the following components:
Former Chief Counsel Winslow Sargeant initiated a coordinated outreach effort among his team of 10 regional advocates, the Office of Interagency Affairs, the Office of Economic Research, and an entrepreneur-in-residence. Their activities have included a series of symposiums titled “Small Business and Government: Maximizing Entrepreneurship, Driving Innovation.” These events bring together individuals working in the innovation ecosystem to hear firsthand about the challenges to growing successful businesses. Another result of this extensive outreach is a report by Advocacy’s entrepreneur-in-residence, Small Innovative Company Growth: Barriers, Best Practices and Big Ideas.
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What challenges confront entrepreneurs and small high-growth firms as they attempt to commercialize innovative products and services? This report examines barriers hindering the growth and development of small innovative companies. It illustrates these issues in a case study of one industry—3D printing/advanced manufacturing. And it identifies a set of 11 barriers to small innovative company growth. For each of these barriers, the report presents:
Read the Innovation Report here: Innovation-Report-2015