Tech Giants Intel, HP and IBM Join Obama's Startup America P

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Companies Intel (NASDAQ: INTC), Hewlett-Packard (NYSE: HPQ) and IBM (NYSE: IBM) announced Monday that they have joined President Obama's Startup America entrepreneurship initiative, a support program that assists entrepreneurs and startup companies, in an effort to stimulate economic growth and job creation.Intel has pledged to invest $200 million in American technology companies and has joined the Startup America board, while IBM has agreed to invest $150 million in 2011 to promote entrepreneurs and new business opportunities. HP has not specified a funding amount, but will invest $4 million into its own existing HP Learning Initiative For Entrepreneurs program.Social networking site Facebook has also said it will head a series of nationwide events called Startup Days that will provide entrepreneurs with access to expertise, resources and engineers.The White House campaign will be led by AOL founder Steve Case.

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