To bolster competition, entrepreneurship, and innovation, the next administration should facilitate business-to-business (B2B) data sharing between startups and data-rich, established companies. Asymmetry in the digital economy is an existing market failure that, if left unchecked will continue to intensify to the detriment of consumer choice and our collective security.
Leveling the playing field requires policy to remove barriers to entry created by data advantages and to promote market competition through increased access to big data. Specifically, we propose that the Small Business Administration’s Office of Investment and Innovation establish a data-sharing program that gives entrepreneurs access to the data they need to improve algorithms underpinning their products and services. This would support a thriving and diverse ecosystem of startups that could in time yield valuable new markets and products.
Successful commercialization efforts have now grown across the country, but what do they have in common, and why do they work? Our experts weigh in.
Leveraging the collective buying powers of cities is a powerful way to show the clear demand for the EV transition. We sat down with the Electrification Coalition to learn how they are helping cities and locales electrify their public fleets.
To increase lending to low- and moderate-income communities while protecting the 7(a) Loan Program, SBA should establish a mentor-protégé program and conditional certification regime for innovative financial technology companies.
The Detroit Regional Partnership has $52 million from the EDA to transition legacy automotive industry into a globally competitive advanced mobility cluster. Here’s how they’re doing it.