Ernst & Young has joined the U.S. State Department’s new E-Mentor Corps program to provide mentorship to entrepreneurs around the world.

Secretary of State Hillary Clinton announced the firm’s participation in the program during the closing remarks of the Presidential Summit on Entrepreneurship on April 27 in Washington, D.C. The E-Mentor Corps is part of the Obama administration's larger Global Entrepreneurship Program, an initiative designed to provide concrete support to new entrepreneurs.

“Mentors provide invaluable support and advice, but for too many entrepreneurs, good mentors are hard to find,” she said. “You may be doing something that nobody else you know has ever attempted before. Through the E-Mentor Corps, an entrepreneur seeking a mentor can go online and find a person with the expertise they need on everything from securing financing to writing a business plan."

Studies indicate that mentorship is vital to entrepreneurs' ability to be successful. The E-Mentor Corps will help to provide mentorship and in the process advance entrepreneurship, innovation and economic opportunity around the world.

“We are proud to be a part of the new E-Mentor Corps,” said Maria Pinelli, Ernst & Young's Americas director, strategic growth markets, in a statement. “We work very closely with the entrepreneurial community and strongly believe in their power to reshape society for the better. In these times, supporting entrepreneurship and innovation is more important than ever."

Other organizations that have signed up to become E-Mentors include Intel, the Kauffman Foundation, Endeavor, TechWadi, the Young Presidents' Organization, and Babson College.

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