White House to Partner With Facebook, Google, HP, Intel, & IBM To Encourage Entrepreneurship
Posted Feb 01 2011 6:57pm
I hope this proves to be useful and does get collaboration moving with innovation. My thoughts are that we have tons of innovation but a real lack of collaborating as there’s never a shortage of Entrepreneurs running around the US. There is a problem though of them getting money to grow though and perhaps this program will come in handy there. In just doing this blog I see so much innovation every day in the news that sometimes it’s hard to figure out where I fell the real benefit is in covering which technology I think will either last or best serve the consumer.
In the healthcare software area we have had too much innovation without the proper levels of collaboration at times and we end up with expensive messes at times, and not all of it is a mess but there seems to be much more difficulty than anticipated today out there in software as so many are proprietary and don’t work together well naturally and then come the middle ware integration folks and that costs big bucks.
One thing that I do hope that everybody sees going into this is the fact that every innovation will not make it, just like we see every year at the CES show in Las Vegas and some innovations are short lived too and nobody the crystal ball to figure all of it out and both consumer acceptance and collaboration drives it home. BD
After promising a basketful of tax breaks for small business in his State of the Union address last week, President Obama seems to be standing behind his commitment to entrepreneurship — at least where highly visible initiatives are concerned.
On Monday, the White House announced Startup America, a national campaign to encourage startups. The initiative will be chaired by AOL co-founder Steve Case. The campaign already has an impressive list of partners, including Facebook, Intel, IBM, HP, the Kauffman Foundation , and Google.
These partnerships bring a lot of cash to the table, but not everyone is convinced the new campaign represents a true opportunity for startups. Small business blog Gigaom , for instance, called the program “an opportunity to get a lot of press, with low returns for actual startups.”
Aside from making an effort to “marshal private-sector resources to spur entrepreneurship in the U.S,” the federal government’s largest named commitment to the campaign is $2 billion that it will direct to match private sector investment funding for startups in under-served communities and for early-stage investing in firms with high growth potential. The initiative through which this will be accomplished — the Small Business Investment Company program — has existed since 1958.