President Barack Obama speaks during a discussion with entrepreneurs (from l) Mai Medhat, Jean Bosco, Mariana Costa Checa and Facebook CEO and founder Mark Zuckerberg at the Global Entrepreneurship Summit at Stanford University in Palo Alto, Calif., June 24. (Mandel Ngan | AFP | Getty Images)
President Barack Obama was in San Francisco Bay Area, where he attended the 7th annual Global Entrepreneurship Summit at Stanford University in Silicon Valley, June 24, which featured new commitments to promote entrepreneurship as a driver for economic growth, social inclusion, and secure communities. Following his historic 2009 Cairo speech, President Obama elevated innovation and entrepreneurship in the U.S. engagement agenda and hosted the first GES at the White House in 2010. President Obama said, June 24, he might visit India next year if invited for the Global Entrepreneurship Summit, writes Lalit K. Jha. – #GES @Siliconeer #Siliconeer #GlobalEntrepreneurshipSummit #Entrepreneur #SundarPichai #Google #Facebook #MarkZuckerberg #SiliconValley #TiESV
With the eyes of the world on Silicon Valley, the Obama Administration announced new commitments to advance entrepreneurship around the world. 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 announced major new steps it is taking to build on those efforts —including supporting advanced manufacturing and making, laying the groundwork for smart and connected cities, supporting next-generation technologies, and promoting inclusive entrepreneurship and innovation here at home.
GES 2016 has brought the best entrepreneurs and investors from 170 countries to the birthplace of modern innovation, highlighting that the dynamic enterprises driving new solutions can be found in every corner of the world. The summit convenes approximately 1,200 outstanding entrepreneurs and investors from across the world for dynamic, outcome-oriented sessions; mentoring; and opportunities to showcase their work. The summit showcases how investors and entrepreneurs from around the world are embracing the culture of entrepreneurship far beyond Silicon Valley.
GES has become a preeminent annual gathering that provides emerging entrepreneurs with exceptional networking, insight, and investment opportunities. During Indian Prime Minister Modi’s visit to the White House on June 7, President Obama and Prime Minister Modi were pleased to announce India as the host of the 2017 Global Entrepreneurship Summit, becoming the seventh country to host the event.
“You know, I’ll try to stop by, if I’m invited,” Obama said in his address to GES at Stanford University in California.
GES is a personal initiative of Obama to bring entrepreneurs from across the globe on one platform.
After meeting Obama at the White House early this month, Prime Minister Narendra Modi had announced that India would host the next GES.
The Obama Administration has thanked India for continuing Obama’s legacy.
“It is really fitting that we are all gathered here for this, the final gathering of the GES under President Obama. But it will continue, and as you all know, will take place next year in India,” the U.S. Secretary of State, John Kerry, had said in his address to the summit, June 23.
The first GES was held in the US in 2010 thereafter it has been hosted by Turkey, United Arab Emirates, Malaysia, Morocco and Kenya.
Over 700 entrepreneurs and more than 300 investors from 170 countries are attending the 2016 Global Entrepreneurship Summit. India has also sent a large contingent.
During his visit to the U.S. early this month, Modi had invited Obama to India.
Obama is the first American president to visit India twice.
A senior administration official said Obama is unlikely to visit India in the remaining seven months of his presidency, but did not rule out his travel along with that of the First Lady after they leave the White House next year.