Global Entrepreneurship Summit

President Obama to host 2016 Global Entrepreneurship Summit at Stanford

Stanford University will be a partner and will serve as the venue for the 2016 Global Entrepreneurship Summit hosted by President Barack Obama, the U.S. State Department and the White House announced.

President Obama has decided to hold the 2016 Global Entrepreneurship Summit at Stanford. USA’s Under Secretary for Public Diplomacy and Public Affairs, Rick Stengel, announced.

The announcement was made at Stanford University campus. The institution’s President, John Henessy, was present.

Stengel said, “Today I had the pleasure of joining President Hennessy to announce that the 2016 Global Entrepreneurship Summit, hosted by President Obama, will take place on the Stanford campus. As one of the world’s great innovation laboratories, Stanford is an ideal partner to showcase the world’s leading entrepreneurs.”

John Henessy expressed his gratitude to the fact, “We are honored that President Obama has chosen to convene the summit at a university  where we share his dedication to finding solutions to global challenges.”

“We are proud that Stanford will be a partner and serve as the venue for this important global event. Stanford plays a role in the supportive ecosystem that encourages and inspires innovation and creative problem solving. We look forward to welcoming the summit entrepreneurs to what will be a transformative experience.” He added.

The summit will be held from June 22-24 in various locations on the Stanford campus. Each of the world’s six regions will be represented by 100 entrepreneurs and will be joined by 100 more from the U.S. The State Department announced that it already has received some 4,500 applications from more than 150 countries.

Beginning with the first Global Entrepreneurship Summit (GES) in 2009, President Obama has made the promotion of entrepreneurship a goal of U.S. foreign policy. Last summer, more than 600 entrepreneurs from 120 countries attended the GES in Nairobi, Kenya.