The NYSE Big StartUpSM, a nationwide jobs-growth initiative designed to connect young companies and entrepreneurs with corporate America, was launched today by NYSE Euronext (NYX) in collaboration with Accion, Entrepreneurs’ Organization (EO) and The Startup America Partnership. The program calls on the nation’s corporate community to lend support, experience and resources to startups and small companies to improve procurement, networking, business development, training, and information sharing. In honor of the occasion, executives and leaders from the collaborative business-to-business partnership rings The Closing BellSM.|
Click here to watch video of the ringing.
Yelp (NYSE: YELP) and LinkedIn (NYSE-LNKD) are among the first NYSE- listed companies to participate in this endeavor. In addition to information and events to be provided as part of the initiative, a microfinance program called the Accion NYSE Job Growth Fund, started with a $1.5 million commitment by NYSE Euronext, will provide small businesses and startups with the capital and support they need to grow.
The NYSE Big StartUp is unique in its comprehensive approach to promoting job growth through small businesses, start ups and entrepreneurs. The program helps to promote the increased demand for goods and services that these growing companies need, while also mobilizing the corporate sector to contribute knowledge, expertise and funding where it can be critical to job creation. Please visit www.nysebigstartup.com
Link to the press release: http://www.nyse.com/press/1332325195828.html
Check out The NYSE Big StartUp partnership video: http://youtu.be/XukU_PPMJwc
Accion NYSE Job Growth Fund
Accion has built the largest microfinance lending network in the U.S. and has provided loans and support to over 500,000 enterprising individuals in the U.S. The Accion NYSE Job Growth Fund officially launches today through a $1.5 million commitment from NYSE Euronext, and is now open for corporate contributors and small business applicants. The funding will be leveraged at a 4.5:1 ratio, enabling an even greater impact. Information on the Accion NYSE Job Growth Fund can be accessed and donations made at http://us.accion.org/.
The Entrepreneurs' Organization (EO), a global network of more than 8,000 business owners in 40 countries, serves as a catalyst that enables entrepreneurs to learn and grow from their peers’ ideas and experiences. EO’s role in the NYSE Big StartUp will include special focus on its Accelerator program, which through events and other outreach efforts fuels growth of earlier-stage entrepreneurs, provides mentors and training for EO’s broader pool of entrepreneurs, and connects the EO network with the corporate supply chains.
The Startup America Partnership
The Startup America Partnership, of which NYSE Euronext is a proud sponsor, brings together an alliance of major corporations including NYSE Euronext, funders, service providers, mentors and advisors working to dramatically increase the prevalence and success of high-growth startups in the U.S. The Startup America Partnership was launched at the White House in early 2011. AOL co-founder Steve Case chairs the Partnership, Priceline.com founding CTO Scott Case is the chief executive and the Kauffman and Case Foundations are the founding sponsors.