Industry & Insights - Dan Sem on CIE and Chevron

Summary

In this insightful interview, Jay Krueger of Walsh College's Creator Lab engages in a discussion with Dan Sam, the Executive Director of the Center for Innovation and Entrepreneurship (CIE). They delve into the impact of the recent Supreme Court's Ler case on regulatory agencies, which overturns the Chevron precedent, potentially leading to reduced regulation burdens on businesses. The conversation explores the implications for startups and established companies in various industries, emphasizing the importance of adapting to new regulatory landscapes and seeking expert advice to navigate the changes.

Takeaways

• 😀 Dan Sam, the executive director of the Center for Innovation and Entrepreneurship (CIE) at Walsh College, discusses the new initiative and its focus on supporting startups and entrepreneurs.
• 🎓 Dan Sam's background includes being a serial entrepreneur, a scientist, and a professor, bringing a diverse skill set to his role at Walsh College.
• 💡 The CIE aims to build on Walsh's history of innovation, with a focus on applied education, and to involve students, alumni, and the wider business community in its programs.
• 📈 The CIE has received a significant grant from the Michigan Small Business Administration to create boot camps and workshops, indicating a strong commitment to supporting businesses.
• 🛠️ The grant will be used to provide practical resources and support for businesses, including legal advice from a resident lawyer and access to technology for marketing.
• 🚀 The discussion touches on the Chevron precedent and its implications for regulatory agencies, suggesting a shift in power from agencies to the courts in interpreting regulations.
• 🔍 The recent Supreme Court case (Ler) that overturned Chevron could lead to less certainty in the short term but potentially more clarity and less stifling regulation in the long term.
• 🏛️ The impact of the Chevron case is expected to be most significant in highly regulated industries, such as healthcare, finance, and education.
• 💼 For startups, the change in regulatory interpretation could be a double-edged sword, offering more freedom to innovate but also creating uncertainty that might affect investment.
• 🤔 The interview suggests that businesses, especially those in regulated industries, may need to seek expert advice to navigate the changing regulatory landscape.
• 🌟 Walsh College's CIE is positioned to be a valuable resource for entrepreneurs and businesses as they adapt to these regulatory changes and seek to innovate.

Q & A

What is the role of Dan Sam at Walsh College?

Dan Sam is the executive director of the Center for Innovation and Entrepreneurship (CIE) at Walsh College, a new initiative aimed at fostering entrepreneurship and innovation among students and the community.

What is the significance of the Chevron case in the context of regulatory agencies?

The Chevron case established the principle of deference to regulatory agencies in interpreting laws and regulations, effectively giving these agencies significant power. This principle has been recently overturned by the Supreme Court in the Kisor case, reducing the power of regulatory agencies and transferring the interpretation of rules back to the courts.

How does the overturning of the Chevron precedent impact businesses?

In the short term, it creates uncertainty as businesses adjust to the new legal landscape where courts, not agencies, will interpret regulations. In the long term, it may lead to less stifling regulation and more clarity for businesses, especially in highly regulated industries.

What is the potential impact of the Chevron case on innovation and entrepreneurship?

The overturning of the Chevron case could potentially lead to a more nimble and innovative business environment by reducing the regulatory burden and allowing for more flexibility in how businesses operate, especially in highly regulated industries.

How does the new regulatory landscape affect startups and small businesses?

Startups and small businesses may face uncertainty due to the shifting regulatory landscape, which could affect their ability to raise capital and plan for the future. However, the long-term effect could be positive, with less onerous regulations and more clarity from court decisions.

What resources does the Walsh CIE offer to support businesses and entrepreneurs?

The Walsh CIE offers boot camps, workshops, and access to experts such as a lawyer-in-residence and a former FDA person. They also have a maker space and provide tools and resources for businesses, such as neuromarketing.

What is the significance of the grant from the Michigan Small Business Administration?

The grant provides funding for the Walsh CIE to create around 20 different boot camps and workshops, offering practical resources and support to established businesses with less than 50 employees.

How does the Walsh CIE plan to involve students and alumni in the startup and business process?

The Walsh CIE plans to engage students and alumni through programming, leveraging their skills and knowledge to support startups and established businesses, and potentially involving them in investment opportunities.

What is the potential impact of the regulatory changes on investors?

Investors may be cautious due to the uncertainty caused by the regulatory changes, especially in highly regulated industries. They may seek more information or legal opinions to ensure compliance and assess the risk associated with their investments.

How can entrepreneurs and small businesses navigate the new regulatory environment?

Entrepreneurs and small businesses should consider consulting with regulatory experts, such as those that may be available through the Walsh CIE or other organizations, to understand and navigate the new regulatory landscape.

What is the historical connection between Walsh College and innovation?

Walsh College has a history of fostering innovation and entrepreneurship, dating back to its founder, Mvin Walsh, who was the accountant for Thomas Edison. This legacy of innovation is carried forward through initiatives like the CIE.