The White House has launched a new public/private initiative to spur U.S. entrepreneurship with the goal of increasing the number and scale of new high-growth firms that are in turn creating new economic growth, innovation, and quality jobs. Chaired by Steve Case, the co-founder of AOL, the Startup America Partnership includes investment commitments from Hewlett-Packard, IBM and Intel. Facebook is participating in the initiative as well with an entrepreneur mentorship program called Startup Days.
According to the White House, the Startup America Partnership initiative encompasses a wide range of public and private commitments intended to:
- Expand access to capital for high-growth startups throughout the country;
- Expand entrepreneurship education and mentorship programs that empower more Americans not just to create new jobs;
- Strengthen commercialization of the $148 billion in annual federally-funded research and development, which can generate innovative startups and entirely new industries;
- Identify and remove unnecessary barriers to high-growth startups; and
- Expand collaborations between large companies and startups.
More detail on the specific commitments of Startup America Partnership initiative can be found here: http://www.whitehouse.gov/startup-america-fact-sheet
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