We’ve pulled together some details about this major initiative that brings together a coalition of mentors, advisors, funders, large corporations, and service providers to deliver strategic and substantive resources to help entrepreneurs’ companies, from idea to startup to ramp-up to speed-up.
What is the Startup America Partnership?
Startup America is a White House initiative to celebrate, inspire, and accelerate high-growth entrepreneurship throughout the nation. This coordinated public/private effort brings together an alliance of America’s most innovative entrepreneurs, corporations, universities, foundations, and other leaders, working in concert with a wide range of federal agencies to dramatically increase the prevalence and success of America’s entrepreneurs.
What are its mission and core goals?
The mission to promote entrepreneurship is a core component of President Obama’s national innovation strategy for achieving sustainable growth and quality jobs. Not only do startups bring a wealth of transformative innovations to market, they also play a critical role in job creation across the United States.
The core goals of Startup America are to:
- Increase the number and scale of new high-growth firms that are creating economic growth, innovation, and quality jobs.
- Celebrate and honor entrepreneurship as a core American value and source of competitive advantage.
- Inspire and empower an ever-greater diversity of communities and individuals to build great American companies.
- Work with entrepreneurs in clean energy, medicine, advanced manufacturing, information technology, and other fields to help them build the new industries of the 21st century, and solve some of our toughest global challenges.
How can small businesses benefit?
“Young businesses have created 40 million jobs during the past 25 years, and the need to create a strong ecosystem for startups in our country is more paramount than ever,” said Scott Case, CEO of the Startup America Partnership. “These new partnerships will go a long way toward ensuring that startups have every chance to succeed.”
Who else is supporting it?
Intuit and a number of other Silicon Valley technology firms are supporting Startup America. In fact, Intuit plans to invest $37 million in products and services to promote high-growth entrepreneurship across the country in partnership with the Startup America campaign.
Intuit’s commitments include special offers and pricing over a three-year period for the company’s flagship products and services, including QuickBooks Online, Intuit Payroll Services, QuickBooks Merchant Services, and Intuit Websites, which will become available to Startup America Partnership member companies.
“Entrepreneurs and small businesses play a major role in the economic recovery,” said Kiran Patel, executive vice president and general manager at Intuit. “With millions of small business owners trusting us to help run their businesses, it’s our responsibility to play an active role in this collective effort to spark new job growth.”
What’s on the horizon?
In the coming weeks, the Startup America Partnership will introduce a new, free membership program that will allow young companies to apply for resources to help them grow.
For more information about the Startup America Partnership and a full list of partner commitments, visit StartupAmericaPartnership.org.