Big News: FounderDating is joining OneVest to build the largest community for entrepreneurs. Details here
Latest Notifications
You have no recent recommendations.
Name
Title
 
MiniBio
FOLLOW
Title
 Followers
FOLLOW TOPIC

Question goes here

1,300 Followers

  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur

What role should the Government play in promoting entrepreneurship?

X

I have always questioned what role the government should play in the entrepreneurial world. Do you think government's direction should be around a) Access to Capital such as Grants, Loans for seed capital b) Simplification of their Policies and Procedures c) Public-Private Partnerships d) Create and manage competition by promoting a Public Sector Units e) Help with Diplomatic channels or something beyond?


22 Replies

Andrew Lockley
4
5
Andrew Lockley Advisor
Investor and strategy consultant
How about "go away and leave us alone"? Is that an option?
C J Decker
3
4
C J Decker Entrepreneur
Writer/Reading Greens Secrets of The Fall Line
Government will never be the solution to entrepreneurs.
Thomas Lyons
1
4
Thomas Lyons Entrepreneur
Lawrence N. Field Family Chair in Entrepreneurship and Professor of Management at Baruch College, CUNY

Government can play the role of facilitator of entrepreneurship, but it must think and act entrepreneurially in order to do so effectively. Take a look at the article at this link to see how both communities and entrepreneurs can be developed in order to transform a community's economy.

http://www.tandfonline.com/doi/abs/10.1080/15575330.2015.1041539

Todd Ellermann
3
3
Todd Ellermann Entrepreneur
Experienced I.T. Leader, CTO, and Creative Entrepreneur
How about get the hell out of the way, setup simplified mechanisms for starting and running a business, setup tax structures that reward more R&D and entrepreneurship but simplify the tax code so not just the bigger businesses and wealthier people can figure them out and take advantage of them. Shutdown the tax loop holes that corporations are using, but also lower the corporate tax to be more globally competitive so that companies don't go else where. Ensure sensible crowd sourcing regulations to prevent fraud but enable all americans to participate in investment, get out of businesses they are incompetent at running like healthcare and education and make room for startups to drive efficiencies into the market.
Chris Rider
4
2
Chris Rider Entrepreneur
(Founder) Director, R&D/Tech at DirtGlue Enterprises, www.dirtglue.com
Missy, of those five things included in your list, I like B. I believe that less government is always better. When government gets involved usually one of two things happens sometimes both - they either want something (usually some control or over-site) or they slow things down.
Don Chartier
3
2
Don Chartier Entrepreneur
Founder, HourVoice
And again we forget that the origins of the Internet can be found in a government program (Arpanet).
Gopi Mattel
2
2
Gopi Mattel Advisor
Director, Chennai Area at The Founder Institute
I see the vitriol towards government to be extremely simple-minded thinking. Governments are not intrinsically bad and private enterprise is not intrinsically good. Just be aware that slavery was private enterprise. And the internet was due to the government programs.
There is good and bad in both. Good thoughtful individuals will try to promote the best in each institution and curb the bad.
Here is an article backed with books and data: "Why you can thank the government for your IPhone": http://time.com/4089171/mariana-mazzucato/
David A. Bray
7
1
David A. Bray Advisor
Senior Executive & Mission Impossible Leader
Fact: GPS, lithium batteries, the internet, cellular technology = all originated from government investment first. http://blog.ted.com/qa-mariana-mazzucato-governments-often-fuel-innovation/

Fact: The 32-year-old Small Business Innovation Research (SBIR) program, which has awarded out more than 112,500 awards to small businesses, worth more than $26.9 billion, through fiscal year 2009. http://www.biztechmagazine.com/article/2014/09/how-government-funding-small-business-innovation

Fact: Elon Musk's SpaceX and Telsa Motors would not have started if they had not originally been backed by a government loan http://www.businessinsider.com/elon-musk-always-depended-government-money-up-front-about-it-2015-6

Fact: The private sector wouldn't invest in 3D printing originally, thinking it was too risky. Only the U.S. government did through Small Business Investment Research (SBIR) grants. http://www.biztechmagazine.com/article/2014/09/how-government-funding-small-business-innovation

Fact: more than 95% of the iPhone's components original came from DARPA and DoD-backed research (not the private sector). Siri also came from DARPA investments. http://thebreakthrough.org/archive/the_iphone_and_the_invisible_h

... so perhaps those that seem think think there's no relationship between government and entrepreneurs might want to review the actual history?
JP Obbagy
1
0
JP Obbagy Entrepreneur
Full Stack Marketer | Innovation Island Board Member | Community Builder | Entrepreneur
Government can never be a leader in entrepreneurship...that's the sole domain of entrepreneurs. However, government can and should support entrepreneurs in their quest, while never forgetting that their role is as a Feeder and not a Leader.

In Canada there are resources that do a pretty good job of fulfilling this, while also providing opportunities for coaching services. Working with startups, I've seen first-hand the benefits of SR&ED tax incentive programs and NRC-IRAP funding that directly support and encourage innovation and R&D.

As a Board Member of Innovation Island Technology Association, a local tech incubator operating at arms length with provincial and federal funding, I see the real and direct positive impact that this type of government support brings to startups. This includes but is not limited to:
  • Support in applying for programs mentioned above
  • Mentorship and coaching (as important as anything else)
  • Introduction to Angel, VC and other types of capital

There is a role, but stay away from trying to be entrepreneurs. Governments are not wired to be entrepreneurial (maybe they shouldn't try too hard to be such, but that's another debate). When we direct governments to feed - not stifle - entrepreneurial spirit, we all win.

Lorraine Wheeler
4
0
President at Redstoke, LLC
As entrepreneurs, we constantly strive to build a business with viable business models. However, sometimes there may be situations where there is a chicken and egg problem so an industry doesn't get started yet it is strategically important. For example, consider the water industry. Few businesses are created in the United States because the business models are weak or there isn't a solid funding model. However, in Israel, there is significant government support for water start-ups since it is a critical and strategic resource. They are building a strong sector that will benefit Israel and the technology that is developed will be able to be marketed globally.
Join FounderDating to participate in the discussion
Nothing gets posted to LinkedIn and your information will not be shared.

Just a few more details please.

DO: Start a discussion, share a resource, or ask a question related to entrepreneurship.
DON'T: Post about prohibited topics such as recruiting, cofounder wanted, check out my product
or feedback on the FD site (you can send this to us directly info@founderdating.com).
See the Community Code of Conduct for more details.

Title

Give your question or discussion topic a great title, make it catchy and succinct.

Details

Make sure what you're about to say is specific and relevant - you'll get better responses.

Topics

Tag your discussion so you get more relevant responses.

Question goes here

1,300 Followers

  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
Know someone who should answer this question? Enter their email below
Stay current and follow these discussion topics?