UPDATED 17:02 EST / JANUARY 31 2011

Startup America Partnership Is Afoot, Bringing the Tech Story Front and Center

altToday the White House announced the launch of the Startup America Partnership aimed at encouraging entrepreneurship both from the public and the private sector. The campaign will be led by AOL founder Steve Case who acknowledged that “the story of America really is the story of entrepreneurship (…) That really is the core underpinning that makes this nation great.”  It may sound like official rhetoric to many (in fact, SiliconANGLE contributor Steven Hodson has his own take on the matter), but it’s something the U.S. will need to deal with, in one way or another.

Among the first members that announced themselves, Facebook will host 12 Startup Days in 2011 ‘to provide early-stage companies with engineering and design support on the Facebook Platform. Startup Days are monthly events for entrepreneurs to work and hack with us to build new apps and websites that incorporate the latest social technologies.’ Facebook underlined its trust on startups building social into their products.

Intel also announced its involvement in the Startup America Partnership, investing $200 million in American technology companies. IBM’s investment of $150 million will be aimed at fund programs that promote entrepreneurs and new business opportunities in the US in addition to

The “Startup America” Press Conference.

providing startups with mentoring and access to IBM research, software and customers. Mike Riegel, VP of IBM ISV and Developer Relations made reference to a series of additions to IBM’s entrepreneur program such as establishing centers of excellence on college campuses which produce employees with the skills startups need.

HP is the only one that has not referred to a specific sum to invest, yet the coalition’s announcement mentioned about HP investing $4 million into the HP Learning Initiative For Entrepreneurs program.  With the major players so heavily involved in this initiative, it’s clear that cloud services and their interests are deeply linked to our capital’s extended goals with Startup America.

Techstars specified the launch of the national startup accelerator network which aims to create 25,000 new jobs by 2015 with the involvement of 5,000 experienced business leaders and investors as mentors to 6,000 entrepreneurs. Recent studies also suggest that high-tech start-ups are more likely to create new job opportunities and hence the White House Administration’s interest in encouraging startups.

Source: Forbes / Venturebeat / Facebook Developer Blog / Bloomberg.


Since you’re here …

… We’d like to tell you about our mission and how you can help us fulfill it. SiliconANGLE Media Inc.’s business model is based on the intrinsic value of the content, not advertising. Unlike many online publications, we don’t have a paywall or run banner advertising, because we want to keep our journalism open, without influence or the need to chase traffic.The journalism, reporting and commentary on SiliconANGLE — along with live, unscripted video from our Silicon Valley studio and globe-trotting video teams at theCUBE — take a lot of hard work, time and money. Keeping the quality high requires the support of sponsors who are aligned with our vision of ad-free journalism content.

If you like the reporting, video interviews and other ad-free content here, please take a moment to check out a sample of the video content supported by our sponsors, tweet your support, and keep coming back to SiliconANGLE.