Communications of the ACM
White House Launches Startup America
The Obama administration recently launched the Startup America initiative, which will involve government agencies and private-sector programs to train, mentor, and fund entrepreneurs, with the goal of improving high-growth entrepreneurship in the United States.
The private-sector efforts will be led by the new Startup America Partnership, chaired by AOL cofounder Steve Case. U.S. companies, including Intel and IBM, have pledged $400 million to the Startup America program. The initiative will mimic community-based programs that help entrepreneurial companies grow, increase entrepreneurship education programs, and facilitate commercialization of university research.
The Obama administration also announced other efforts aimed at improving entrepreneurship, including eliminating capital gains taxes on long-term investments in small businesses. The Commerce Department is planning a $12 million i6 Green program that will reward communities with unique strategies to promote the development of clean energy technologies. In addition, the U.S. Patent & Trademark Office will establish a fast-track method for entrepreneurs to get patents approved.
From Washington Business Journal
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