Today Intel, HP, IBM, Google and Facebook announced they joined US President’s initiative Startup America, a national campaign aimed at encouraging startups and increasing the share of entrepreneurs in US market. The initiative which is a part of the Administration’s innovation campaign, will be led by AOL co-founder Steve Case.
The activity in course of the campaign falls into three main directions, Mashable.com reports. These are: organizing workshops for current business owners, bringing classes in entrepreneurship to higher education, and investing into new businesses.
As far as investment is concerned, Intel pledged to provide $200 million to American technological companies. IBM will invest $150 million into the programs to promote entrepreneurs and new business opportunities in the U.S. HP will invest $4 million into HP Learning Initiative For Entrepreneurs program.
However, the biggest investment will be made by the main initiator of the program. US government pledged to invest $2 billion to private sector funding in underserved communities.