Obama Launches Startup Non-Profit
In a bid to encourage U.S. entrepreneurs, the White House launched the Startup America Partnership, a non-profit campaign to encourage the development of new businesses.
With backing from Facebook, IBM, Intel; and leadership from AOL founder Steve Case, Startup America, the campaign pledged to provide $2 billion in matching funds from the Small Business Administration to select startup companies.
In partnership with Colorado-based startup incubator TechStars, the campaign also intends to expand the TechStars mentorship model to nurture 6,000 new entrepreneurs around the country; and encourage large businesses to invest in smaller ones.
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