Photo credit: WhiteHouse.gov | Demo Day
The stage is being set for the White House’s first-ever Demo Day this summer as a select group of entrepreneurs from across the country will be invited to Washington, D.C. to share insights on their journey to success.
Details are forthcoming, but the goal of Demo Day, according to the WhiteHouse.gov website, will be to showcase America’s entrepreneurial journey through sharing the success stories of a select group of entrepreneurs chosen by the U.S. Small Business Administration in consultation with other federal agencies.
According to a WhiteHouse.gov blog post written by Jeff Zients, director of the National Economic Council and Megan Smith, U.S. Client Technology Officer, U.S. Census data show that minority-owned entrepreneurs are the fastest growing segment of entrepreneurs in the nation with a growth rate of four-times more than non-minority enterprises. Despite the growing numbers of minority-owned businesses on the playing field, additional surveys show that less than 1 percent of African American businesses are backed by U.S. venture-capital and less than 3 percent of women-led enterprises.
In their blog, Zients and Smith echo the sentiment that the U.S. cannot afford to leave entrepreneurial talent across the country untapped and unfunded.
To maintain our lead as the best place on the planet to start and scale a great company, we must ensure that vibrant startup ecosystems emerge in every corner of America and that all Americans, including those underrepresented in entrepreneurship like women and people of color, are both encouraged and able to fully contribute their entrepreneurial talents and access resources.
If your organization is involved in empowering and nurturing the success of entrepreneurs and small business owners, White House Demo Day organizers want to hear from you.
To find out more, visit WhiteHouse.gov.
We salute this initiative as an Empower Magazine “Empowering First”.