As a way of boosting inclusive entrepreneurship, the White House has announced it will be hosting the first-ever Demo Day where entrepreneurs make pitches to prospective funders.
“We’re inviting a diverse group of entrepreneurs from all across the country — including those underrepresented in entrepreneurship like women and people of color — to come here and talk about their big ideas and share the stories of their individual innovation journeys to date. These are the folks whose stories show exactly why we need to grow the pie to make sure there’s opportunity for everyone in our innovation economy,” the White House said in a statement.
With application expected to end 24 April, the Demo Day is expected to highlight the innovative ideas being born across America. Many believe this is in furtherance of White House’s ongoing efforts to support startups in the country.
It said: “Right now, across America, people are working on big ideas. Game-changing ideas. Ideas that might sound unbelievable right now, but could become an indispensable product or service in a matter of years.
“But they might not ever get a chance to make that idea into a reality. Here’s why: So many Americans have the grit and creativity of a world-class entrepreneur, but they lack the resources — mentorship, networking, funding, training — to bring their big ideas to fruition.
“We’ve got to change that reality. As we work to keep our lead as the best place on the planet to start and scale big, innovative ideas, we’ve got to make sure more startup hotbeds emerge in every corner of America, and that those underrepresented in entrepreneurship are being tapped to fully contribute their entrepreneurial talents.
So we’re looking to spur some big changes. Last week, for instance, we hosted the first-ever Tech Meetup at the White House to bring together community organizations and innovators who host weekly and monthly local innovation gatherings.”
