On Monday the White House, in partnership with the Kauffman Foundation and the Case Foundation, announced a new entrepreneurial initiative: the Startup America Partnership. Just in case you didn't get the memo, Startup America has secured the commitment of a number of very big companies and foundations to support a variety of different entrepreneurship programs, including:
- 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.
- To foster entrepreneurship through higher education, as part of its overall $50 million commitment to entrepreneurship, The Blackstone Charitable Foundation has announced a $5 million expansion of the Blackstone LaunchPad program piloted at two Detroit colleges. Based on a model created by the University of Miami, LaunchPad will be replicated over the next five years in five other distressed regions around the country.
- The TechStars Network has promised to create a network of startup accelerators that will work to ensure that 5,000 mentors help promising startups create 25,000 new jobs by 2015.
And on and on. Long story short, there is a LOT of money headed to entrepreneurs and entrepreneurs-to-be, and to the people and organizations that can help them. And much of that money is coming from businesses and nonprofits -- not from the government.
This is going to be big, and it's coming soon to a city or town near you. And if you're an entrepreneur or entrepreneur-to-be, that could help turn 2011 into the best year yet for your business.