Startup America is a new initiative led by the White House to “celebrate, inspire, and accelerate high-growth entrepreneurship throughout the nation.” The effort is a public/private partnership with the nonprofit organization Startup America Partnership, funded by the Ewing Marion Kauffman Foundation and Case Foundation.
According to the White House, Startup America will:
- Expand access to capital for high-growth startups throughout the country;
- Expand entrepreneurship education and mentorship programs that empower more Americans not just to get a job, but to create jobs;
- Strengthen commercialization of the about $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.
The Startup America factsheet outlines specific commitments made by the Obama Administration and private sector entrepreneurs and business leaders. Details on private sector commitments can be found at the Startup America Partnership website.
Council of Economic Advisers Chairman Austan Goolsbee explains Startup America on the White House White Board:
White House Startup America launch event:
Startup America Partnership Chairman Steve Case discusses the initiative on CNBC: