Start-ups in the United States will gain increased access to capital and resources, after US President Barack Obama announced a $2 billion package to aid budding entrepreneurs.
The US Small Business Administration has launched a $1 billion Early Stage Innovation Fund, providing matched capital to early-stage small businesses seeking private institutional capital.
The SBA is a government agency that provides support to entrepreneurs and small businesses. The agency’s activities are often referred to as the three Cs: capital, contracts and counseling.