Author: Wayne Veldsman

BizWorld Updates Monthly Draper Innovation Index U.S.States Compete to Land in Top Ten of Best Places to Launch a Startup Oakland, California – BizWorld announces the June 2024 update to the Draper Innovation Index U.S. (DII US), which evaluates each state’s innovation environment and entrepreneurship climate. Published monthly since 2021, the DII US provides the most well-rounded, up-to-date ranking of entrepreneurial locations, reflecting both traditional and emerging economic metrics, from taxes and regulations to venture capital investment, cryptocurrency friendliness, and blockchain investment trends. “The impact of cryptocurrency/blockchain-related investments on this month’s rankings speaks to crypto’s growing impact on state economies,” said BizWorld founder Tim Draper. “It’s becoming clear that crypto is here to stay and has become a gamechanger. Along with other DeFi innovations, states should think intently about its potential long-term benefits and how that might align with economic strategy.” Top Takeaways from the DII US June 2024 Update “As you can see, in addition to cryptocurrency and blockchain investment trends, business formation statistics played a key role in whether states climbed up or fell down the DII rankings this month,” said BizWorld Chief Economic Advisor Dr. Wallace Walrod. “Throughout this project, we’ve frequently discussed the impact of various policies on an individual state’s entrepreneurial ecosystem. At the same time, however, it’s ultimately up to the entrepreneurs and investors themselves, not policymakers, to build and grow these ecosystems.” The DII US will continue to post monthly updates which can be accessed here. About BizWorld BizWorld.org is a global non-profit organization based in Oakland, CA, whose mission is to enable youth from all backgrounds to unlock the power of entrepreneurship to create career opportunities, inspire self-reliance, and build confidence that drives economic prosperity globally. Founded over 25 years ago by Silicon Valley venture capitalist Tim Draper, BizWorld.org programs teach students real-world 21st century skills and leadership that encourage them to become responsible leaders and entrepreneurs of tomorrow. More than 850,000 students in more than 100 countries have participated in BizWorld programs. https://www.bizworld.org/

BizWorld Updates Monthly Draper Innovation Index GlobalNations Compete to Land in Top Ten of Best Places Globally to Launch a Startup Oakland, California – BizWorld announces the June 2024 update to the Draper Innovation Index Global (DIIGlobal), which evaluates each nation’s ability to develop, support, and retain entrepreneurs, innovators, startups, and investors. First published in 2021, the DII Global provides the most well-rounded and up-to-date look at entrepreneurial environments across the globe. “The recent quarterly update to the World Uncertainty Index has had a significant impact on the rankings,especially positive for many South American countries” said BizWorld founder Tim Draper. “Argentina andFrance have risen due to their performance on this index, while China and Sweden have fallen. Certainty,stability, and economic freedom are of course essential components of any successful start-up andinvestment climate and maintaining economic stability should be a key policy goal for any nation.” Top Takeaways from the DII Global June 2024 Update “Individual currencies’ performances relative to bitcoin were key factors in all three scenarios,” saidBizWorld Chief Economic Advisor Dr. Wallace Walrod. “While this reflects the ongoing economic impact ofcryptocurrency, it also speaks to something much more fundamental, which is that sound fiscal policy isthe key foundation of any business climate. As Tim pointed out, stability is a key to business and investmentdecisions, and that is especially true of fiscal stability.” The DII Global will release monthly updates to continually reflect the latest developments in global innovation and entrepreneurship, available here. About BizWorld BizWorld.org is a global non-profit organization based in Oakland, CA, whose mission is to enable youth from all backgrounds to unlock the power of entrepreneurship to create career opportunities, inspire self-reliance, and build confidence that drives economic prosperity globally. Founded over 25 years ago by Silicon Valley venture capitalist Tim Draper, BizWorld.org programs teach students real-world 21st century skills and leadership that encourage them to become responsible leaders and entrepreneurs of tomorrow. More than 850,000 students in more than 100 countries have participated in BizWorld programs. https://www.bizworld.org/