Startup America is a coordinated public-private effort designed to encourage and accelerate high-growth entrepreneurship throughout the U.S. The goals of the program are to:
- Expand access to capital for high-growth startups
- Expand entrepreneurship education and mentorship programs
- Strengthen commercialization of federally funded R&D
- Identify and remove unnecessary barriers to high-growth startups
- Expand collaborations between large companies and startups
In 2011, Intel Capital pledged to invest $200 million in U.S. technology companies in support of a new White House initiative, Startup America, and joined the Startup America Board of Advisors. In 2011, Intel CEO Paul Otellini was invited to join President Barack Obama’s Council on Jobs and Competitiveness. Otellini co-leads the Council’s high-tech education task force focused on increasing the number of engineering graduates to help spur economic growth. As part of this initiative, Intel announced a commitment to double engineering internships in 2012.