Wednesday, 20 July 2011

Venture for America Sends Entrepreneurial Talent To The Cities That Need It Most

It's no secret that there are a relatively small number of regions that most startups call home ?�namely Silicon Valley and, increasingly, NYC. And talented recent college grads (even those that don't pursue a career involving startups) are also drawn to just a handful of regions that have high concentrations of professional services, like consulting and law firms.

Which leads to a problem: some of the cities that would stand to benefit most from these talented individuals ?�like Detroit, New Orleans, and Providence ? simply aren't getting their fair share.

Now a new non-profit called Venture of America is setting out to change that. The goal is simple: bring more jobs to cities that need them by sending talented recent college graduates to startups in those areas. The startups get access to low-cost talent, and the program participants, called Fellows, are guaranteed a two-year position where they stand to learn a great deal, and get their foot in the door to the startup community. And, hopefully, the startup grows and creates even more jobs.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/5-jBP8GPcD0/

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