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omb -- SBA Update - 2/16/2011

Posted: 18 Feb 2011 08:36:19
SBA Launches Startup America Entrepreneurial Mentor Corps.
WASHINGTON – The U.S. Small Business Administration today
launched an initiative to mobilize members of the current
generation of successful business owners to mentor and support
startups and entrepreneurs to help them become the next
generation of great American companies.  

As part of the White House’s Startup America initiative, the
Entrepreneurial Mentor Corps (EMC) is aiming to support more than
1,000 startup and early-stage firms across the country. SBA is
partnering with the Ewing Marion Kauffman Foundation in
identifying organizations and mentoring best practices for the
EMC program.

In line with that, today SBA Administrator Karen Mills announced
one of the first initiatives of EMC, a pilot program that will
match mentors with 100 startups in the clean energy sector.

The four accelerators funded in the initial stage of the project
include:

• CleanTech Open (Bay area and New England); • CleanTECH San
Diego (Southern California and the Southwest); • Clean Energy
Trust (Midwest); and, • Nevada Institute for Renewable Energy
Commercialization (Mountain Region). 

Going forward, Startup America’s EMC program, through the
partnership between SBA and the Kauffman Foundation, will work to
create mentoring initiatives across many industry sectors with a
target of helping more than 1,000 entrepreneurs annually and
build a nationwide network of mentors, accelerators and
successful startups.

For more information on the Entrepreneurial Mentor Corps program
please visit http://www.sba.gov/startupamerica.


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