HP Commits $100,000 Grant to The Idea Village

NEW ORLEANS--([ BUSINESS WIRE ])--HP (NYSE: HPQ) today announced the donation of a $100,000 grant to The Idea Village, a nonprofit dedicated to identifying, supporting and retaining entrepreneurial talent in New Orleans.

"Through the support of high-impact entrepreneurial talent, we hope to catalyze positive economic and social change in New Orleans. We thank HP for their generous contribution to our local community and know it will help provide the business resources we need to foster the start-up community here in Louisiana."

The contribution, announced at The Daily Beast Innovators Summit, includes HP technologies that entrepreneurs can use to collaborate, engage and share ideas worldwide.

Highlights

HPa�s donation supports The Idea Villagea�s mission to foster the growing entrepreneurial community in New Orleans and is intended to serve as a catalyst to encourage entrepreneurs to aTrust Their Crazy Ideasa and grow scalable companies in their great city.
[ Shane Robison ], executive vice president and chief strategy and technology officer, HP, and [ Michael Mendenhall ], senior vice president and chief marketing officer, HP, will speak at The Daily Beast Innovators Summit.
During [ New Orleans Entrepreneur Week ] (March 18-26, 2011), The Idea Village will host the aHP Innovation Challenge,a an elevator pitch competition open to New Orleans-area entrepreneurs with ideas for ventures that will create positive social and economic change.
To date, The Idea Village has supported more than 570 local entrepreneurs and allocated more than 56,000 consulting hours and $2.5 million in capital. The entrepreneur portfolio generates more than $87 million in annual revenue and has created 1,000 jobs for the community.
Since 2007, HP has partnered with more than 200 organizations to reach students, recent graduates and entrepreneurs in more than 45 countries.
HP is currently partnering with the United Nations Industrial Development Organization to fuel entrepreneurial growth through a program called [ HP LIFE: Learning Initiative for Entrepreneurs ]. This program has already reached 100,000 young people and thousands of micro-entrepreneurs.

Supporting quotes

aHP supports The Idea Village in its mission to foster economic growth through a vibrant entrepreneurial community. HP technology can help The Idea Village continue to change the equation in New Orleans from disaster and devastation to prosperity and hope.a

-- Michael Mendenhall, senior vice president and chief marketing officer, HP

aThrough the support of high-impact entrepreneurial talent, we hope to catalyze positive economic and social change in New Orleans. We thank HP for their generous contribution to our local community and know it will help provide the business resources we need to foster the start-up community here in Louisiana.a

-- Tim Williamson, co-founder, TheIdea Village

aNew Orleans has reinvented itself into a laboratory for change. At this yeara�s Daily Beast Innovation Summit, we gathered 300 of the worlda�s most recognized thought-leaders from the worlds of education, politics, business, media and the arts to foster dialogue on how we can work together to Reboot America. The Daily Beast thanks HP for their support of this yeara�s Summit and of the local New Orleans community.a

-- Tina Brown, founder and editor-in-chief, The Daily Beast

Additional resources

Idea Village [ background ]
Watch The Daily Beast Innovators Summit live at [ thedailybeast.com ]
The Daily Beast Innovators Summit [ background ]

About Idea Village

In 2000, The Idea Village was formed by a group of New Orleans entrepreneurs who returned home energized by experiences in thriving communities across the United States. The founders determined that the key to creating positive economic and social change in New Orleans was to create a vibrant entrepreneurial community. The Idea Village formalized in 2002 as an independent 501(c) (3) non-profit organization with a mission to identify, support and retain entrepreneurial talent in New Orleans by providing business resources to high-impact ventures. More information is available at [ http://www.ideavillage.org/ ].

About HP

HP creates new possibilities for technology to have a meaningful impact on people, businesses, governments and society. The worlda�s largest technology company, HP brings together a portfolio that spans printing, personal computing, software, services and IT infrastructure to solve customer problems. More information about HP is available at [ http://www.hp.com ].

� 2010 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. HP shall not be liable for technical or editorial errors or omissions contained herein.

Contributing Sources

Market Wire

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HP Commits $100,000 Grant to The Idea Village