Obama Administration Launches Entrepreneur Group


The Obama administration is launching a "private sector alliance" to help entrepreneurs.

Startup America Partnership will bring together entrepreneurs, start-up financiers, CEOs and others to help companies start or grow, the group said in a statement.

Steve Case, co-founder of AOL (AOL), will chair the group. AOL is DailyFinance's parent company.

"America's story has been forged in large part by entrepreneurs who have against great odds created innovative products and services that have changed the world - and created millions of jobs," said Steve Case. "Our nation once again looks to these creative risk-takers to unleash the next wave of American innovation."

The group plans to leverage investments totaling more than $300 million from companies including Intel (INTC), HP (HPQ) and Facebook.