EcommerceBytes-NewsFlash, Number 2368 - September 13, 2010     2 of 6

Alibaba and California Governor Announce Emerging Entrepreneur Initiative

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California Governor Arnold Schwarzenegger announced the Emerging Entrepreneur Initiative in partnership with Alibaba.com. The governor was in Hangzhou last week speaking at Alibaba's annual AliFest conference as part of his trade mission to Asia.

The new initiative will provide 3,000 recent California college graduates with the training to start their own businesses and will be offered throughout 2011 in conjunction with 15 state-owned colleges and universities throughout California.

Alibaba.com will invest $3 million in the program and will provide an Entrepreneur Start-up Kit to students, including in-classroom instruction and web-based consultation, as well as free or reduced-cost tools from Alibaba.com platforms that will allow graduates to manage their businesses from sourcing products to online retail.

Schwarzenegger said, "As the 8th largest economy in the world and the home of Hollywood and Silicon Valley, California has long been a cultural and economic pace-setter for America and the world. With the launch of this program, we hope to stimulate job creation and continue the state's tradition as the cradle of some of the world's greatest innovations."

Alibaba.com said California is the company's largest buyer market. In the past few months, the company acquired two California ecommerce companies, Vendio and Auctiva, increasing its employment base in the state from 25 to nearly 200.

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About the author:

Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). Follow her on Twitter at @ecommercebytes and send news tips to ina@ecommercebytes.com.


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