Rhode Island Science and Technology Advisory Council (STAC)

Making Innovation Central to Rhode Island's Future Gina M. Raimondo, Governor

Startups Remain Upbeat for 2012-13

Published on May 21, 2012

Innovation startups are an economic engine, driving job growth, global competition and wealth creation. To help local, state and national policy makers understand how to best support this important economic asset, Silicon Valley Bank conducted a nationwide survey of entrepreneurs asking them a range of questions regarding how their businesses are performing.

The survey found startups remain upbeat about business conditions with 61 percent reporting better conditions than a year ago, and nearly 72 percent expecting conditions to improve in the coming year. Although optimistic by nature, the entrepreneurs polled did identify six policy recommendations that could help their firms grow:

  • Intellectual property protection;
  • Controlling healthcare costs;
  • Improving the regulatory environment;
  • International trade/market access;
  • Implementing healthcare reform; and,
  • Immigration reform.

Read the full report:  Startup Outlook 2012


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RI Science & Technology Council
315 Iron Horse Way, Suite 101
Providence, RI 02908

Phone: (401) 278-9100
Fax: (401) 273-8270

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