Clarke Dryden Camper is Senior Vice President, Head of Government Affairs and Public Advocacy at NYSE Euronext, a...
Earlier this week, the White House launched its Startup America initiative - a program to “celebrate, inspire, and accelerate high-growth entrepreneurship throughout the nation.” With job creation rising to the top of the Obama Administration’s economic agenda, the White House views “Startup America” as a way to spur job creation by encouraging new business development.
The program aims to:
1) Expand access to capital for startup companies;
2) Expand entrepreneurship education and mentoring programs;
3) Strengthen the commercialization of the approximately $148 billion per year in federally-funded research and development;
4) Identify and remove barriers to startups;
5) Expand collaboration between large companies and startups.
Several American companies have already invested in this effort, including a $150 commitment from IBM and $200 million from Intel.