President Obama to Recognize Emerging Global Entrepreneurs
WASHINGTON, DC – On Monday, May 11th, the White House will bring together emerging entrepreneurs from across the United States and around the world to highlight the importance of investing in women and young entrepreneurs to create innovative solutions to some of the world’s toughest challenges, including poverty, climate change, extremism, as well as access to education and healthcare. This event comes ahead of the President’s travel to this summer’s and provides a unique opportunity to galvanize global attention on emerging women and young entrepreneurs.
The event will recognize the impact made by a number of U.S. government-led initiatives. In 2014, the Administration set a goal for its best entrepreneurship programs, now to be led under the umbrella of the Spark initiative, to generate over a billion dollars in private investment for emerging entrepreneurs by the end of 2017, with half of this goal to be raised for women and young entrepreneurs. The White House will name nine more top American entrepreneurs to be named as Presidential Ambassadors for Global Entrepreneurship to contribute to this goal. The world’s brightest entrepreneurs still require further support through the commitments and collaboration of governments, investors, businesses, organizations and individuals. The event will also recognize the creation of the Spark Global Entrepreneurship coalition to further these objectives.
About the Presidential Ambassadors for Global Entrepreneurship
The Presidential Ambassadors for Global Entrepreneurship (PAGE) initiative is a first-of-its-kind collaboration between celebrated American entrepreneurs, the White House, the Department of Commerce, and our Department of State, U.S. Agency for International Development and Small Business Administration partners. Our goal is to harness their energy, ideas, and experience to help develop the next generation of entrepreneurs both at home and abroad. The initiative is organized around three pillars: Providing opportunities and pathways to access capital; access talent and education; and access opportunity and inspiration.
President Obama launched and established PAGE in April 2014 and the initiative is chaired by U.S. Secretary of Commerce Penny Pritzker. As part of their commitment to entrepreneurship, PAGE members develop Signature Entrepreneurship Initiatives designed to inspire entrepreneurs, expand networks and global exposure of existing entrepreneurs, or increase deal-flow between investors and entrepreneurs. They also participate in public events and lend their voices and platforms to connect with entrepreneurs at home and abroad.
In the initiative’s first year, PAGE members have actively delivered on the mission. Domestically, Steve Case launched the “Rise of the Rest” – a bus tour that has championed and invested $1 million in startups in nine cities across the country. Tory Burch’s Elizabeth Street Capital initiative partnered with Bank of America to increase mentorship opportunities and loans to female entrepreneurs. Hamdi Ulukaya announced the launch of a food incubator in Brooklyn. On the global stage, Nina Vaca traveled with Secretary Pritzker to Accra, Ghana for two days of mentorship and workshops with entrepreneurs. Alexa von Tobel and Steve Case addressed the Young African Leaders Initiative (YALI) Fellowship Summit. Von Tobel, Ulukaya and Daphne Koller travelled to the Global Entrepreneurship Summit in Marrakesh, Morocco. Rich Barton took part in a Tech Connect sponsored by the Global Innovation through Science and Technology initiative. Koller announced that Coursera would produce an entrepreneurship specialization in partnership with the University of Maryland—an online course that teaches entrepreneurship fundamentals accessible to anyone with an internet connection around the world.
For more: http://www.commerce.gov/PAGE
- 4/26/10 Remarks by the President at the Presidential Summit on Entrepreneurship
- 4/7/14 FACT SHEET: Strengthening Entrepreneurship At Home and Abroad
- 11/30/16 FACT SHEET: Celebrating President Obama’s Top 10 Actions to Advance Entrepreneurship, and Announcing New Steps to Build on These Successes
3:30 PM ET
President Obama delivers remarks at the White House Emerging Global Entrepreneurs Event
South Court Auditorium