The Summit, hosted by Turkish Prime Minister Recep Tayyip Erdogan, is a follow up to the Presidential Summit on Entrepreneurship called by President Barack Obama in Washington, DC, last year to explore the role new firms play in unleashing innovation, creating jobs and driving economic growth. In support of the global entrepreneurship movement, the U.S. Department of State is partnering with Global Entrepreneurship Week to institutionalize future summits and facilitate host selection and planning starting in November 2012.
“We are fully aware that the seed of innovation, change, technology and science does not rest in the United States alone,” said Vice President Biden during his remarks. “And starting next year, the Global Entrepreneurship Summit will partner with the Kauffman Foundation and Global Entrepreneurship Week, the world’s largest celebration of business innovation to expand the reach of this summit in the years to come.”
The 2012 Global Entrepreneurship Summit will be hosted by the United Arab Emirates during Global Entrepreneurship Week which takes place next year from November 12 – 18.