White House, and Some Sharks, Advocate for Global Investment in Entrepreneurship

May 13, 2015

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Daymond John, Founder & CEO of FUBU, Star of ABC's Shark Tank, and CEO of Shark Branding, speaking at the 2014 Corporate Citizenship Awards.

On Monday, the White House brought together emerging entrepreneurs from across the United States and around the world to illustrate the importance of investing in women and young entrepreneurs. The event focused on the idea that these young innovators will develop creative solutions to some of the world’s toughest societal challenges, including poverty, access to education and healthcare, and more.

During the event, the President issued a call to action to companies, organizations, and individuals across the global to increase their support to emerging entrepreneurs, especially women and youth. The President will also attend the Global Entrepreneurship Summit in Nairobi this summer, to further highlight the importance of providing access to capital, training, and markets for individuals to pursue innovative social business models.

“We want to empower people in ways that empower societies and ultimately empower the world,” explained President Obama.

The President maintained that the government alone cannot be responsible for supporting entrepreneurs around the world. He called on the private sector for a commitment to play its part in the challenge. He then went on to recognize several business leaders who have demonstrated their support for initiative.

Established by President Obama in 2014, the Presidential Ambassadors for Global Entrepreneurship (PAGE) employ the skills, networks, and resources of top American entrepreneurs to help develop the next generation of like-minded individuals at home and abroad. Each PAGE member commits to developing a signature initiative, designed to make a contribution towards the U.S. Government’s goal of generating over $1 billion by 2017 for emerging business models aimed at creating positive social impacts.

The newest group of PAGE ambassadors announced included Daymond John, star of reality series “Shark Tank” and CEO of FUBU and Shark Branding. John, emcee of the 2014 Citizens Awards at the U.S. Chamber Foundation Corporate Citizenship Center, has long been an advocate of the importance of entrepreneurship.

We’re looking forward to seeing the ways in which the business community continues to support global entrepreneurship, and we encourage you to join the conversation using #StartTheSpark!