Entrepreneurship News Spotlight: 4th Annual Global Entrepreneurship Summit & Crowdfunding Site for Female Entrepreneur
1) U.S. Government Co-Hosts the 4th Annual Global Entrepreneurship Summit in Malaysia
The United States government recently teamed up with the Government of Malaysia for the 4th Global Entrepreneurship Summit in Kuala Lumpur. This year’s summit was the largest ever and brought together over 3000 entrepreneurs, investors, academics, startup organizers, business people, and government officials from more than 100 countries. They went head-to-head in pitch competitions, participated in roundtable discussions, and learned from some of the best-known entrepreneurs in the world. In this spirit, the United States announced several new initiatives to continue the President’s efforts to support entrepreneurs globally. These include the creation of the President’s Committee on Global Entrepreneurship, which will connect some of the United States’ most successful business leaders with the next generation of entrepreneurs around the globe. The State Department is also teaming up with UP Global to train and support 500,000 new entrepreneurs in 1000 cities around the world over the next three years. Finally, the United States is supporting the creation of the Global Entrepreneurship Research Network (GERN), which will help government officials institute policies and practices that enable entrepreneurship. To learn more, also check out the Global Entrepreneurship Summit fact sheet.
2) Crowdfunding Site Launches for the Female Entrepreneur
The Wall Street Journal recently highlighted Plum Alley, which just officially added fundraising for startups to its original mission of providing an online e-marketplace for products created by women. Plum Alley founder Deborah Jackson, who spent more than two decades in finance helping clients raise money, says “the new crowdfunding capability of [Plum Alley] will provide the capital many women entrepreneurs with early stage companies an avenue to gauge appetite for their products.” Moreover, one of the founders, Heidi Lehmann, hopes to help discover the next Tory Burch, the next Kate Spade, the next Bethenny Frankel or the next Sara Blakely through this new program. For the first eight companies joining Plum Alley’s crowdfunding realm, snapping up small donations is just one slice of their broader fundraising plans.