Commerce’s Office of Innovation and Entrepreneurship Invests in the Jobs and Industries of the Future
Commerce Blog
April 19, 2012
To mark the one-year anniversary of the White House Startup America Initiative, in January President Obama sent Congress a proposal to expand tax relief and unlock capital for startups and small businesses that are creating jobs.
When he launched the initiative a year ago, the president sought to promote the success of entrepreneurs across the country. The private sector responded with the Startup America Partnership, launching new entrepreneurial networks all across the country. AOL co-founder and member of the President’s Jobs Council, Steve Case, and the Kauffman Foundation joined to form the Startup America Partnership, which is a nonprofit alliance of entrepreneurs, major corporations and service providers that has mobilized more than $1 billion in business resources to serve as many as 100,000 startups over the next three years.
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This week, the U.S. Economic Development Administration’s (EDA) Denver Regional office hosted its annual University Centers Showcase conference to spotlight and critique EDA-supported University Center economic development initiatives in the Denver Region.
There are dynamic collaborations and initiatives supporting regional growth strategies across the country. Today, I addressed a group of entrepreneurs, venture capitalists and technology commercialization leaders brought together by Technology Ventures Corporation during their Deal Stream Summit. This premier conference seeks to facilitate investment partnerships between federal labs, start-ups, innovators, and the venture community to bolster commercialization of technology and increase competitiveness. I discussed the Obama administration’s commitment to advancing innovation and accelerating the commercialization of new technologies to the marketplace.