startup 2.0 info graphic
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7/31/2019 Startup 2.0 Info Graphic
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Thousands of foreign born students graduate each year from American universities
with degrees important to the U.S. economy. Startup Act 2.0 creates more opportunities
for these talented individuals to stay inthe U.S. and contribute to our economy.
Between 1980 and 2005, companies less than ve years old accounted for nearly all net job creation
Startup Act 2.0 creates a visa for
entrepreneurs with a good idea, capital,
and the ability to create jobs for Americans
More than half the current research and development tax creditgoes to rms with over $1 billion in receipts, while many startupsare not able to access this credit. Startup Act 2.0 creates an R & Dtax credit specically for startups to help them create technologies
that will result in new jobs.
R&D
Startup Act 2.0 uses existing federal research and developmentfunding to support innovative projects at American universities inorder to accelerate and improve the commercialization of cutting-edge technologies developed through faculty research.
The rst antiviral compoundand a landmark AIDS drug- Yale University
The concept of “attachments” to email- Carnegie Mellon University
Google’s internet search algorithmwas developed by its founders duringdoctoral programs.-Stanford University, 2001
Discoveries and innovation made possible by university research
FOR STARTUPS
Visit www.moran.senate.gov/ StartupAct to learn more
Startup Act 2.0
COST
BENEFIT
Number of jobs created bystartups each year on average
3million
4,360 Taiwanese Studentsmany are sent home to compete against the U.S.
6,490 South Korean Studentsmany are sent home to compete against the U.S.
31,290 Chinese Studentsmany are sent home to compete against the U.S.
53,510 Indian Studentsmany are sent home to compete against the U.S.
2,200 Turkish Studentsmany are currently sent home
to compete against the U.S.
Masters and Doctorate Degrees in Computer Science, Engineering, and MathFields Awarded to Foreign Nationals in 2009
Startup Act 2.0 creates a report with data on policies thateither encourage or inhibit startup creation and growthin order to create healthy competition among states.
$7.5 Billion of new investment in startups
Exempting capital gains taxes on investments in startups held forve years or more would
UNLOCK
Moving more ideas from the lab into the marketplace means more jobs and economic growth
VS
Patents awarded to universities in 2009
Startups created from university research
3,088
651
Year 1 Years 2-4
=
Existing Firms
+2 Million
One Entrepreneur Five American Jobs
Startups
TALENT
PRO-GROWTH POLICIES
CAPITAL
INNOVATION
25%
1980
Percentage of engineering
and technology firms founded
in the U.S. by foreign born
nationals between 1995-2005.
In FY2010, federal agencies produced a cost benet analysis for only 18 of 66rules costing more than $100 million. Startup Act 2.0 requires all “major rules”proposed by any government agency be studied to ensure costs of compliancedo not outweigh benets.
Net Job Creation By:
-2 Million
Entrepreneurial and highly-skilled immigrants fuel economic growth and create jobs for Americans
Laws and regulations impact the chances a startup will create jobs and be successful
Commonsense changes to the tax code will help startups grow and create jobs
2005
Source: Kauffman Foundation
Source: Department of Homeland Security
Source: Kauffman Foundation
Source: Association of University Technology Managers
Source: Kauffman Foundation
Source: Office of Managament and Budget
Source: U.S. Government Accountability Office
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