In light of stifling budget restrictions and the looming "fiscal cliff," federal agencies are looking to technology startups in the private sector to fill the void, experts say. In lieu of direct support, government initiatives such as the Startup America Partnership -- formed by the White House to promote collaboration with businesses and philanthropists -- and the Presidential Innovation Fellows program are working to expand opportunities for companies in industries such as health IT and the smart grid, which rank high on the Obama administration's priority list.

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