Mass Company Chosen for Obama Initiative

“We’re a nation that says, I might not have a lot of money, but I have this great idea for a new company …. We do big things.”

The above statement is excerpted from President Obama’s 2011 State of the Union address, in which he referenced America’s history and future as a global leader in both innovation and entrepreneurship.

More big things are happening in the world of entrepreneurship (and Massachusetts) with the announcement that the White House has named MassChallenge Startup Competition and Accelerator as one of the most promising initiatives for supporting and encouraging entrepreneurs in the U.S. The White House also announced MassChallenge as a partner in the new Startup America Partnership, a White House initiative to reward and inspire entrepreneurship across the nation.

The United States does big things, indeed. And surprisingly, Obama is actually doing something to support entrepreneurs, rather than just saying he will.

The Startup American Partnership is an independent entity, co-funded by the Kauffman Foundation and the Case Foundation, focused on reviving America’s small business climate by promoting entrepreneurship and small business growth, leveling barriers to success for entrepreneurs and small businesses and investing in green technology. The partnership was jump-started on Monday with a week-long series of events encouraging U.S. businesses to invest in smaller firms. Leading corporations like Facebook, Intel, HP and IBM pledged to increase their investments within startup companies.

MassChallenge, located in Boston, tries to connect entrepreneurs with resources they need in order to launch and succeed by running an annual global startup competition, compiling key resources and organizing networking and training events.

As a partner of the Startup American Partnership, MassChallenge will continue to engage in a coordinated effort attempting to bring together and promote entrepreneurs, organizations, universities and other leaders throughout the country, while working with federal agencies to increase the presence and success of American entrepreneurs.

MassChallenge will occur this year on March 8, 2011.

Photo Credit to via Creative Commons. Some rights reserved.


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