On Friday June 24, 2016, President Obama will speak at the 7th annual Global Entrepreneurship Summit (GES), bringing together over 700 entrepreneurs from every corner of the globe—and from all across America. Entrepreneurship is a fundamental American value, and it is also a force that has the ability to unlock opportunity for people globally. GES is a reflection of the U.S. Government’s commitment to utilizing entrepreneurship as a foundational tool to build more economically prosperous, secure, and globally connected communities around the world.
With the eyes of the world on Silicon Valley, on Wednesday the Obama Administration announced new commitments to advance inclusive entrepreneurship and innovation here at home. These announcements build on a week where the Administration has highlighted a powerful record of progress in fueling American innovation over the last seven and a half years and announcing new steps to build on those efforts—including supporting advanced manufacturing and making, publishing a new rule to enable non-recreational use of unmanned aircraft, and supporting next-generation technologies.
Wednesday’s announcements included:
- Major expansion of the Small Business Administration’s Startup in a Day initiative to nearly 100 U.S. cities and communities. This effort helps streamline licensing, permitting, and other requirements needed to start a business in their community, with the goal of enabling entrepreneurs to apply for everything necessary to begin within 24 hours.
- Three Federal agencies will adopt new expansions of the National Science Foundation’s Innovation Corps (I-Corps) entrepreneurship-training program. Over 800 teams have completed the curriculum, from 192 universities in 44 states, resulting in the creation of over 320 companies.
- Over 30 companies are joining a new, industry-led Tech Inclusion Pledge. As part of the pledge, companies are committing to take concrete action to make the technology workforce at each of their companies more representative of the American people.
Following his historic 2009 Cairo speech, President Obama elevated innovation and entrepreneurship in the U.S. global engagement agenda and hosted the first GES at the White House in 2010. Over the past 6 years, the United States has been a leader in catalyzing entrepreneurship globally by developing innovative ecosystems; advocating for stronger business climates through rule of law and transparent business conduct; promoting entrepreneurship for all, including women, youth, and marginalized communities; and mobilizing the private sector to expand impact.