As part of the Obama administration’s ongoing “We Can’t Wait” program, they announced today an aggressive new initiative to spur the creation of job-creating startup companies. It’s a two-pronged approach. First, they are launching a $1 billion Early State Innovation Fund which provides matching capital to small business investment companies. This is part of an existing program called Startup America.
An additional $1 billion investment will be announced later today during the first board meeting of the Startup America Partnership. This consortium of over 50 companies are pledging to provide $1 billion in goods and services such as consulting, computer software and other essential items for new businesses.…Read more ›