San Francisco government has launched a very first Entrepreneur-in-Residence program for the city in collaboration with NBC Universal, McKinsey & Company, Goldman Sachs, Nokia (Microsoft), General Electric and Yahoo. This EIR program will help $142 billion public sector market to develop new technologies to resolve city problems.
San Francisco has just got what is needed most in these days. Even President Obama demands for it. Yes a very first Entrepreneur-in-Residence program is launched in San Francisco. The motto of this program is to "Develop Products & Services For The $142 Billion Public Sector Market." What is the meaning of this? It means that this EIR program will help entrepreneurs and startups to development new technologies to solve the city problems.
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According to TNW, City Chief Innovation Officer Jay Nath says that this step to introduce first EIR program for San Francisco is a result of President Barack Obama's statement, “We’ve got to have the brightest minds to help solve our biggest challenges.”
San Francisco government has actually launched this very first EIR program in collaboration with private sector companies. NBC Universal, McKinsey & Company, Goldman Sachs, Nokia (Microsoft), General Electric and Yahoo are those public sector companies which help city officials in launching this EIR program.
This program has duration of almost 4 months (16 weeks actually). Entrepreneurs and developers can now apply to participate in this Entrepreneur-in-Residence program to get help from government in making new technology for the betterment of the city.