When the time is right,
the JOBS Act makes it easier for a new class of "emerging growth
companies" to go public.
Young, high-growth firms are allowed up to five years to comply with
certain Sarbanes-Oxley Act disclosures.
The Life Science Sector will boom! with the help of Job Act.
Sarbanes-Oxley compliance
is much more onerous for smaller companies than it is for larger
entities such as General Electric, Johnson & Johnson or IBM.
The
JOBS Act helps smaller companies conserve resources. It also provides an
"IPO On-Ramp" during which time emerging growth companies can protect
sensitive information and competitive trade secrets.
To protect investors,
the JOBS Act includes an amendment that mandates companies to provide
basic financial information to investors before seeking crowdfunding. It
also requires third-party intermediaries, in the form of websites
managing crowdfunding shares, to register with the SEC.
The amendment
also sets limits on the amount of money an individual can invest to
prevent investors from taking too much risk. Individuals with an annual
income or net worth of less than $100,000, for example, would be limited
to investing 5% of their income in crowdfunding.
In addition, Obama
called on the Treasury Department, Small Business Association and
Justice Department to monitor the new legislation closely and report
regularly on their findings.
Certainly, the
JOBS Act
is a win for entrepreneurs in America. But it is only a first step. The
bill will help innovators reduce burdensome regulation and gain faster
access to capital to grow their startup businesses.
Immigrants founded or co-founded almost half of the 50 top venture-backed companies in the United States, and on average these companies created 150 jobs.
Another way is to make open-technology licensing a condition for
universities to receive federal research dollars. Currently, the
Bayh-Dole Act of 1980 requires faculty innovators to work through their
own university technology licensing offices. This creates significant
delays.
To catalyze our
innovation economy, we need to increase collaboration between startups
and larger corporations. One such example is the NYSE Big StartUp
initiative that partners large companies with small businesses to
provide corporate assistance with accounting support, legal services,
marketing infrastructure and financial training. Small companies often
lack resources to take their business to scale. Corporate America can
help catapult fledgling entrepreneurs to the next level.
America's competitive
position in the world will increasingly depend on our entrepreneurs. The
JOBS Act provides momentum.
“When you burn the brown pigment away with a laser, the debris that is
created in the front of the eye — think of it as ashes resulting from burning
anything — is likely to clog up the microscopic channels in the front of the
eye, known as trabecular meshwork,” said Cykiert. “[It] is very likely to cause
a high pressure in the eye, known as glaucoma.”
Dr. Ivan Schwab, a professor of ophthalmology at the University of California
at Davis School of Medicine and clinical correspondent at the American Academy of Ophthalmology, also has his
doubts.
