On June 26, Professor Banu Özkazanç-Pan, Ph.D., director of the Leadership Institute’s Early Educator Innovation Lab, testified before the U.S. Senate Committee on Small Business & Entrepreneurship about challenges faced by women and minorities as investors and entrepreneurs in the venture capital industry. She also offered suggestions to the committee for easing those challenges.
The subject of the hearing was the reauthorization of the U.S. Small Business Administration’s Small Business Investment Company (SBIC) Program, which provides venture capital financing to fill the gap in investment in small businesses. According to Committee Chair Sen. Marco Rubio, a report from the Library of Congress found that the SBIC Program created nearly three million U.S. jobs between October 1995-December 2014. Continue Reading →