Some exciting news released from the White House this morning around President Obama’s goal to stimulate economic growth and create new jobs. Today, the President announced the launch of the Startup America Partnership which will be chaired by Steve Case, co-founder of AOL, CEO of Revolution, and chairman of the Case Foundation.
Here’s today’s press release:
White House Announces Startup America Partnership to Foster Innovative, High-Growth Firms in United States
Kansas City, Missouri and Washington, D.C. – Today, as part of President Obama’s national strategy to stimulate economic growth and the creation of quality jobs, the White House announced the launch of the Startup America Partnership. Chaired by Steve Case, co-founder of AOL, CEO of Revolution LLC and chairman of the Case Foundation, the Partnership will receive launch funding from the Ewing Marion Kauffman Foundation and the Case Foundation, and act as an independent private-sector alliance […]
Some of the companies participating in the initial launch include the following (from the press release):
- Intel Capital will commit $200M of new investment in U.S. companies. Senior Intel leadership will also serve the Startup America Partnership and share best practices from years of successful programs designed to support Intel portfolio companies.
- IBM will invest $150 million in 2011 to fund programs that promote entrepreneurs and new business opportunities in the United States.
- HP is investing more than $4 million in 2011 in the HP Learning Initiative for Entrepreneurs (HP LIFE), a global program launched in 2007 that uses educational and technology outreach aimed at helping entrepreneurs and small business owners create and grow commercial opportunities.
- As part of Facebook’s ongoing commitment to encourage entrepreneurs, the company will launch Startup Days, a new series of 12 to 15 events around the country designed to provide entrepreneurs with access to expertise, resources and engineers to help accelerate their businesses.
Here’s a Startup America Fact Sheet that provides a great overview of what was announced today (tip to Frank Gruber of Tech Cocktail):
We’re thrilled for today’s announcement and what it means for the future of startups and entrepreneurs located here on the Silicon Prairie.
At 10 a.m. CST, tune in for the White House livestream of the launch event: “Let’s Startup America! [LIVESTREAM].”
