Washington – The White House on Monday announced the launch
of Startup America, a new program chaired by AOL co-founder Steve Case that
aims to expand access to capital and other key resources for start-ups with the
potential to create large numbers of jobs. The program already has garnered
major commitments from several of the nation’s largest tech companies,
including a $200 million pledge by Intel (NASD:  INTC) to invest in start-ups, $150 million
from IBM (NYSE:  IBM) to fund programs that promote entrepreneurs and new business
opportunities and a plan by Facebook to host "Startup Days," a series
of 12-15 events designed to provide entrepreneurs with access to expertise, resources
and engineers.

"Those entrepreneurs who are intent on growing their
businesses create the lion’s share of these new jobs, in every part of the
country and in every industry," the White House said in a statement.

"Moreover, it is entrepreneurs in clean energy, medicine, advanced
manufacturing, information technology, and other fields who will build the new
industries of the 21st century, and solve some of our toughest global



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