Press Release: 01/31/2011

HP Joins the White House in Fueling Innovation and Entrepreneurship

PALO ALTO, Calif. -- On theoccasion of President Barack Obama’s launch of Startup America, HPtoday announced new support for entrepreneurship througheducational and technological outreach to startups and smallbusiness owners across the United States.

HP joins The StartupAmerica Partnership, an independent private sector allianceresponding to the President’s call to action in bringing togethertop entrepreneurs, startup firm funders, CEOs, universitypresidents, foundations and other leaders to help entrepreneurialcompanies start and grow.

HP, represented by HPStartup Central, a network supporting entrepreneurship and startupgrowth, and HP Learning Initiative for Entrepreneurs (HP LIFE), a global programthat uses technology to help entrepreneurs establish and sustaingrowth, joins President Obama’s coalition, extending the company’scommitment to empowering innovators through entrepreneurial toolsand market access.

“At HP, we know what ittakes to build a startup ‘from the garage up,’ and we see a hugeopportunity for our technology, expertise and relationships tosupport entrepreneurs,” said Stephen DeWitt, senior vice presidentand general manager, Personal Systems Group, HP. “Whether their‘garage’ days help them grow into small enterprises, move towardsuccessful acquisition or emerge as industry giants, entrepreneurswill find HP is with them all the way.”

“Entrepreneurship is inHP’s DNA,” said Marc Dangeard, founder of Entrepreneur Commons andStartupCause, a collective of entrepreneur support organizations.“More than any other technology provider, HP supports new modelsthat incubate and accelerate innovation and the success that growsfrom it. This delivers a ‘best of both worlds’ approach, combiningthe momentum of grassroots movements and collaborative models withHP-scale innovation, access to customers, technical resources andproduct excellence.”

Leading technology analystand entrepreneurial leader Chris Shipley further acknowledged HP’srole in supporting entrepreneurship: “If we are to catalyzeeconomic development and job growth in America, we must create avibrant ecosystem that reaches out from technology innovationcenters, grafting entrepreneurial best practices onto the rootstock of cities and towns throughout the country and building arich network to support startups on their path to sustainability.HP’s Startup Central is a vital node in this network, providing keyresources to young, innovative companies and helping them tosustain growth.”

More information about HPStartup Central is available at http://www.hp.com/go/startupcentral,via Twitter at http://twitter.com/hpstartupand on Facebook at http://www.facebook.com/pages/HP-StartupCentral/193744257309372.

More information about HPLIFE is available at http://www.hp.com/hpinfo/socialinnovation/hplife.htmland http://www.life-global.org/and on Facebook at http://www.facebook.com/HPLIFE.

AboutHP

HP creates newpossibilities for technology to have a meaningful impact on people,businesses, governments and society. The world’s largest technologycompany, HP brings together a portfolio that spans printing,personal computing, software, services and IT infrastructure tosolve customer problems. More information about HP (NYSE: HPQ) isavailable at http://www.hp.com/.


© 2011 Hewlett-PackardDevelopment Company, L.P. The information contained herein issubject to change without notice. HP shall not be liable fortechnical or editorial errors or omissions contained herein.

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