In a White House press event this afternoon, President Obama announced an expansion to the Educate to Innovate program. The new initiative is called “Change the Equation” and will bring together 100 CEOs of major companies to help build better science, engineering, technology and math programs in the highest need communities. The initiative will encourage private partnerships with public school programs.
Introductory remarks were given by Ursula Burns, the CEO of Xerox and one of the leaders of the initiative. The President pointed out that companies participating in Change the Equation will not only be able to give back to their nation, but will also benefit in the long-term from improvement in science education, which aims to produce more engineers, scientists, and innovators. To illustrate the kind of programs Change the Equation envisions, he discussed a group of high school students who worked together to build a fuel-efficient car.