IBM (NYSE: IBM) is one of several high-tech firms pledging funds and support for the “Startup America” campaign launched by President Obama.

Steve Case, a co-founder of AOL, will serve as chair for the effort.

The Ewing Marion Kauffman Foundation also will be involved with Carl Schramm, its chief executive officer, serving on the board.

IBM pledged $150 million. Intel said it would contribute $200 million.

For its part, the Obama administration pledged:

  • “The President’s new budget will propose making permanent the elimination of capital gains taxes on key investments in small businesses, which was passed as a temporary provision in 2010 as part of the Small Business Jobs Act the President signed in September. The budget will also propose expanding the New Markets Tax Credit to encourage private sector investment in startups and small businesses operating in lower-income communities.
  • “The Small Business Administration (SBA) will direct $2 billion in existing guarantee authority over the next 5 years to match private sector investment funding for startups and small firms in underserved communities, as well as seed and early-stage investing in firms with high growth potential, through its Small Business Investment Company (SBIC) program.
  • “Together SBA and the Department of Energy will boost high-quality mentorship for cleantech startups, while the Veterans Administration is launching new training programs for Veterans who want to start new businesses.
  • “The Department of Commerce will expand the i6 Challenge [innovation] to help foster the commercialization of clean technologies, and are finalizing a plan to allow entrepreneurs to request faster review of their patents, an initiative that should lower patent pendency times overall and speed the deployment of new ideas to the marketplace.”

Big Blue said its funds would be used to:

• Coach and mentor start-up businesses throughout the United States;
• Expand education, build skills and mentorship programs in collaboration with the academic and venture capital communities;
• Provide skills and business opportunities to the growing community of software developers who collaborate on emerging technologies.

“The investment will help us greatly expand the work we’re doing to build business skills and provide market opportunities for the most innovative new companies in the country,” said James Corgel, general manager for IBM Developer and Academic Relations, in a state,emt. “These start-ups are tackling some of the country’s most pressing challenges and opportunities.”

Other participants include HP, Google and Facebook.

A goal of the program is to encourage startup companies across the U.S.

Through its own Global Entrepreneur program that launched last year, IBM says it has “helped launch: more than 500 businesses.

IBM employs some 10,000 people in the Triangle area.

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