NEW YORK – Ernst & Young will work closely with the Startup America Partnership to accelerate the growth of its high-potential ?Speedup? entrepreneurial companies in a deal Ernst & Young values at $7.5 million.
Startup America Partnership will tap Ernst & Young?s professionals and its network of previous Entrepreneur Of The Year award-winners as advisors and mentors. E&T will provide access to its executives, webcasts, on-line resources and other analytical tools to help Speedup companies more fully exploit their growth opportunities. Winners of the EOY program represent the largest network of high growth entrepreneurs in America.
The Startup America Partnership is an independent, private-sector response to President Obama?s Startup America initiative launched in January to inspire and accelerate high-growth entrepreneurship throughout the nation.
?Our Entrepreneur Of The Year award program is a natural partner for Startup America,? said Stephen Howe, Jr., Americas Managing Partner for the global Ernst & Young organization. ?Entrepreneurs who start and run high-growth businesses are clearly leading the United States in job creation.
?Nearly 1,900 entrepreneurs were nominated for the 2011 Entrepreneur Of The Year Program in the United States ? these companies employed 770,000 people, and over the last two years were responsible for more than 150,000 net-new jobs. We are very pleased to partner with StartUp America to provide resources, estimated in this case to be valued at more than $7.5 million, and the power to bring together and help high-growth entrepreneurs.?
Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 141,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential.
The Startup America Partnership is an alliance of the country?s most innovative entrepreneurs, corporations, universities, foundations, and other private sector leaders working to dramatically increase the prevalence and success of high-growth enterprises in the U.S. The Partnership was created as an independent, private-sector response to President Obama?s Startup America initiative, a White House campaign to celebrate, inspire, and accelerate high-growth entrepreneurship throughout the nation. AOL co-founder Steve Case chairs the partnership and the Kauffman and Case Foundations are founding partners, providing initial funding and strategic guidance.
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