The Burrill Report


The Coalition of Small Business Innovators held a forum at the National Press Club on December 12 to discuss policies that could increase the country’s global competitiveness by encouraging investment in innovate R&D companies. Panel members included Doug Doerfler, president and CEO of MaxCyte, a company that develops cell transfection systems; Ed Mathers, partner with venture capital frim New Enterprsie Associates; Katherine Hamilton, policy director at the Electricity Storage Association; and Darrell West, founding director at the Brookings Institution’s Center for Technology Innovation.

Discussion centered developing tax policies that are friendlier for small business that are not yet revenue generating. The Start-up Jobs and Innovation Act, recently introduced in Congress by Senators Robert Menendez (D-NJ) and Pat Toomey (R-PA), is one such attempt. The bill has several provisions that would make the tax code more hospitable to R&D-intensive start-up companies and potential investors, including allowing small companies to partner with their investors on an R&D project so that investors can claim the losses and tax credits generated by the project to offset other income.

Here is a video of the forum:



December 13, 2013
http://www.burrillreport.com/article-making_the_u_s_more_competitive.html