Facebook Participates In StartUp America Initiative

Facebook has joined Intel, IBM and Hewlett-Packard in a White House-led initiative to promote startups and hopefully boost economic growth as a result.

President Barrack Obama and Facebook, plus numerous other companies, have formed the StartUp America Partnership to stimulate economic growth by fostering technology entrepreneurs.

The initiative was announced this morning via a livestream on Facebook, and you can watch a recording of it here. Chaired by AOL founder Steve Case, the partnership will be privately funded but bring together players from both the public and private sector, including Facebook, Intel, IBM and Hewlett-Packard.

As part of its commitment to the project, the social network will host “12

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