Wednesday, April 20, 2011

Google Pledges $100 million To The Startup America Partnership

It seems like yesterday when Google was a fledgling start-up of its own. The new kid on the block looking to make its mark in the world. Fast forware a few years, several billion dollars and more traffic than we can ever imagine and now Google pledges its support in "Helping America’s startups grow."

The search giant has pledge at least $100 million in Google advertising support to the Startup America Partnership—an alliance of the country's most innovative entrepreneurs, corporations, foundations and other private sector leaders. Startup America participants will be able to use Google advertising platforms like AdWords and Boost and receive a $1,000 Google match for $1,000 spent between June 1, 2011 and June 1, 2012. Google's chief economist Hal Varian believes this commitment will be especially powerful as he has calculated that businesses make an average of $2 in revenue for every $1 they spend on AdWords.

Google is one of many companies working with the Startup America Partnership. All told the organization claims to already have more than $400 Million in new commitments from more than 15 companies and organizations. These commitments include products, services, mentorship and funding to help scale, grow and  promote high-growth entrepreneurship across the country

If you are (or know of) an entrepreneur that’s interested in getting involved with the Startup America Partnership, you can visit its Resource Center for more information.

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