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Blog Category: PAGE

PAGE Entrepreneurs in Their Own Words – Steve Case

Steve Case, Chairman and Chief Executive Officer, Revolution Enterpreneurial and Ambassador, Presidential Ambassadors for Global Entrepreneurship

His first job out of college was at Procter & Gamble, and a few years later he became a marketer for Pizza Hut. You may now know him as the co-founder of AOL who ultimately brought generations of Americans online and made “You’ve got mail” a household phrase. You may also recognize him as an independent with friends in both political parties, who helped broker some of the finer points of the JOBS Act, the legislative package of bills that ease regulations on startups and potential Initial Public Offerings (IPOs).

Today, Steve Case is the founder and partner of Revolution, a Washington, D.C.-based investment firm that believes great companies and ideas can be found throughout the country, not just in Silicon Valley.

Bloomberg Businessweek says he’s an “in-demand cheerleader for entrepreneurism,” and Entrepreneur Magazine calls him the “Disrupter-in-Chief” and an “online pioneer [who] is bringing big ideas to life – through drive, leadership and a personal touch.” 

Steve Case was appointed by President Barack Obama to be chairman of the Startup America Partnership, a nonprofit that fosters private-sector investment into job creation. He also joined the President’s Council on Jobs and Competitiveness, where he helped lead a subcommittee looking at job creation and entrepreneurship.

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PAGE Ambassador Steve Case Transcript

Countdown to the Global Entrepreneurship Summit

Presidential Ambassadors for Global Entrepreneurship Graphic

President Obama believes "Entrepreneurs embody the promise of America: the idea that if you have a good idea and are willing to work hard and see it through, you can succeed in this country. And in fulfilling this promise, entrepreneurs also play a critical role in expanding our economy and creating jobs."

With that in mind, the President announced in 2009 the creation of the Global Entrepreneurship Summit (GES), a platform intended to facilitate the exchange of views and ideas between global business leaders and entrepreneurs and strengthen alliances among them. Previous summits have been hosted by the United States, Turkey, the United Arab Emirates, and Malaysia.

At last year’s GES in Malaysia, President Obama asked Secretary Pritzker to chair the Presidential Ambassadors for Global Entrepreneurship (PAGE), making her the Administration's point person on entrepreneurship. In April, Secretary Pritzker chaired the first PAGE meeting, bringing together a group of America’s most inspiring innovators to serve as ambassadors for global entrepreneurship.

Six months later, the PAGE initiative continues to gain momentum, with PAGE members actively engaged in promoting innovation here at home and abroad.

To celebrate six months of the PAGE initiative, we are launching a video blog series, featuring our very own PAGE members who will share with you why entrepreneurship is important and why it is integral that the public and private sectors work together to make our economy stronger and more innovative.

Please visit http://beta.commerce.gov/PAGE to learn more about PAGE and the ambassadors who are committed to sharing their time, energy, ideas, and experience to help develop the next generation of entrepreneurs in the United States and around the world.

Among many events, here is a sample of what PAGE members have been doing to create an environment where creativity, innovation, and entrepreneurship can grow and thrive.

Secretary Pritzker and Three PAGE Ambassadors to Attend Global Entrepreneurship Summit in Marrakech, Morocco

Secretary Pritzker and the Presidential Ambassadors for Global Entrepreneurship meet with President Obama in the White House's Roosevelt Room.

U.S. Secretary of Commerce Penny Pritzker will attend the Global Entrepreneurship Summit (GES), which will take place November 19-21 in Marrakech, Morocco to demonstrate the U.S. government’s continued commitment to fostering entrepreneurship around the world. On November 19, her activities will focus specifically on Women’s Entrepreneurship Day. This year’s summit marks the fifth annual gathering of entrepreneurs at all stages of business development, business leaders, mentors, and high-level government officials.

Entrepreneurship is key to unlocking economic growth and creating jobs, and the U.S. government leads numerous programs and initiatives to improve enabling environments and to make tools and networks available to individual entrepreneurs. At last year’s GES in Malaysia, President Obama asked Secretary Pritzker to chair the Presidential Ambassadors for Global Entrepreneurship (PAGE) initiative, and she was happy to assume her role as the Administration’s point person on entrepreneurship. In April, Secretary Pritzker chaired the first PAGE meeting, bringing together a group of America’s most inspiring innovators to serve as ambassadors for global entrepreneurship.

Six months later, Secretary Pritzker has arranged PAGE-related events on four continents since the program’s launch, and the PAGE initiative continues to gain momentum, with PAGE members actively engaged in promoting innovation here at home and abroad. The following PAGE members will join Secretary Pritzker in Morocco to serve as entrepreneurship ambassadors and to share their knowledge and experience to help develop the next generation of entrepreneurs around the world:

Secretary Pritzker Meets with Korean CEOs to Discuss Importance of Entrepreneurship

As part of her efforts to strengthen commercial ties between the United States and the Asia-Pacific region, Secretary Pritzker met with Korean entrepreneurs in Seoul to discuss the importance of supporting policies in the U.S. and Korea that encourage innovation. 

Both countries view entrepreneurship as a powerful tool to combat unemployment and capitalize on positive economic trends, and Korean President Park Geun-hye​ has made promoting the creative economy a top priority for the country.  The United States can support Korea’s vision of generating new employment opportunities through an innovation-driven economy with the Presidential Ambassadors for Global Entrepreneurs (PAGE) Program. PAGE was launched in April when Secretary Pritzker chaired the first meeting, bringing together a group of America’s most inspiring innovators to serve as ambassadors for global entrepreneurship.

One way PAGE could support Korea's entrepreneurial class is through mentorship sessions between PAGE members and Korean businesses. With diverse backgrounds, the ambassadors will energize their own personal and professional networks to challenge and inspire budding entrepreneurs and raise awareness of the many resources available to them.

Secretary Pritzker also learned more about the existing challenges and future opportunities for Korean businesses. By familiarizing herself with South Korea’s investment climate and ecosystem, she can engage more U.S. firms in partnerships and mentorship with Korean businesses. She also gave insightful suggestions regarding entrepreneurship from her own experience.

The business leaders present at the meeting included CEOs and representatives from ChattingCat, Reverth, Chinchin, Estmob, Soundl.ly, Google Korea, Modu Company, Bravepops, SparkLabs, Softbank Ventures Korea, Flitto, and Korbit.

Secretary Pritzker is determined to strengthen the bilateral relationship, and she and President Park agree that both countries will thrive economically by fostering more entrepreneurship. The United States has been at the forefront of innovation in businesses, and with PAGE’s guidance and international partnerships, entrepreneurs will become more encouraged to start their own businesses and leave a legacy of their own.

Secretary Pritzker Meets with Korean Leaders to Expand Trade and Grow Economic Partnerships

Secretary Pritzker Meets with Korean Pesident Park Geun-hye on the Trade Mission

Earlier this week, U.S. Secretary of Commerce Penny Pritzker met with President of Korea Park Geun-hye, the first female President in South Korea, as well as Minister of Trade, Industry, and Energy (MOTIE) Yoon Sang-jick, and Minister for Health and Welfare, Moon Hyung-pyo. The meetings with Korean leaders are part of Secretary Pritzker’s trade mission she is leading with 20 U.S. companies to explore new opportunities for American firms in the health care and energy sectors. 

Three years ago, the U.S.-Korean Free Trade Agreement went into effect, providing the foundation for stronger economic partnerships and growing trade and investment relations between the two countries. During the mission, Secretary Pritzker reaffirmed President Obama’s commitment to deepen U.S. engagement in Asia and emphasized that her visit to Korea is a reflection of the commercial and economic component of the President’s rebalance to Asia. Secretary Pritzker and President Park discussed ways to continue moving both economies forward in the 21st century by seeking new ideas to expand business-to-business ties. In addition, the Secretary applauded President Park’s vision of building a “Creative Economy” in Korea by spurring new business opportunities, industries, and jobs through innovation and entrepreneurship. The meeting concluded with Secretary Pritzker saying that the global business community needs to continue to innovate and explore creative and alternative ways of doing business to grow and stay competitive. 

Secretary Pritzker also met with Minister of Trade, Industry, and Energy (MOTIE) Yoon Sang-jick to discuss entrepreneurship and the importance of small and medium-sized enterprises (SME) being integrated into the global business community. As President Obama’s chair of the Presidential Ambassadors for Global Entrepreneurship (PAGE) initiative, Secretary Pritzker is working with leaders and businesspeople throughout the world to help create an environment where creativity, innovation, and entrepreneurship can grow and thrive. The Secretary also asked Minister Yoon for a commitment to work together to expand industry engagement under the U.S.-Korea Clean Energy Policy Dialogue, by including business participation. Delegations from both countries met in June in Seoul to discuss clean energy technology cooperation, marking progress in smart/micro grids, fuel cells, and energy storage research and development. The Clean Energy Policy Dialogue will continue those talks and broaden the focus to discuss energy policy issues.  

Lastly, the Secretary met with Minister for Health and Welfare, Moon Hyung-pyo. With South Korea’s total market for drugs and medical device products reaching roughly $21 billion, the two leaders discussed how the United States and Korea can build new partnerships in the area of healthcare as well as Korea’s interest in becoming a global hub for clinical trials. 

The main focus of Secretary Pritzker’s visit is to introduce new-to-market firms and expand the market presence of American medical, pharmaceutical and energy-related firms that have innovative products and services. Developments in these sectors can be harnessed to improve the standard of living for citizens of both countries. 

Secretary Pritzker Hosts Innovation Roundtable with Polish Industry Leaders and Startups

Secretary Pritzker Hosts Innovation Roundtable with Polish Industry Leaders and Startups
U.S. Secretary of Commerce Penny Pritzker and a delegation of U.S. CEOs yesterday met with Poland's Minister of Higher Education and Science and a group of Polish innovators to discuss the country's efforts to encourage innovation in their economy. Secretary Pritzker was in Warsaw with a group of U.S. CEOs who are members of the President's Export Council. 
 
The Polish government has made the promotion of innovation a top priority. Poland will be receiving a total of $106 billion in funds from the European Union by 2020. Poland plans to invest about 70 percent of those funds to promote innovation. The United States is well-positioned to serve as a partner in these efforts by sharing best practices and engaging our private sector leaders in Poland to further promote innovation.
 
The discussion centered on obstacles that individuals and businesses are experiencing when it comes to innovation, and how the United States can serve as a partner in support of innovation in Poland. For example, while a strong commitment to R&D is one principal driver of innovation, Poland’s current spending on R&D is less than 1 percent of GDP.  
 
However, R&D is only one component of a strong innovation economy. The Department of Commerce is America's "innovation agency," and helps build an innovation ecosystem in the United States by supporting a strong patent system, making investments in regional business incubators and science parks, expanding access to broadband and developing technology standards. 

Building Bridges to Young Africa Leaders

Building Bridges to Young Africa Leaders

Guest blog post by U.S. Deputy Secretary of Commerce Bruce Andrews

The United States understands the importance of creating opportunities for young people to succeed, both in this country and around the world. That is why yesterday, during a town hall with 500 exceptional young people who participated in the Washington Fellowship for Young African Leaders - President Obama announced the expansion of his Young African Leaders Initiative (YALI). At the town hall, President Obama announced that the fellowship, the flagship YALI program, will be renamed the “Mandela Washington Fellowship for Young African Leaders,” and will be doubled to reach 1,000 participants per year by 2016. Launched in 2014, YALI is a signature effort to support the next generation of African leaders and embodies President Obama’s commitment to invest in the future of Africa. The Washington Fellowship connects young African leaders to leadership training opportunities at some of America’s top universities to help expand their leadership skills and knowledge so they can foster change in their communities and countries.

At the Commerce Department, we are also working closely with young entrepreneurs to help spur economic growth by helping them gain the skills and connections they need to launch new businesses and create jobs in their communities. Entrepreneurship is a cornerstone of the global economy, giving people the power to unlock their economic potential and transform their communities. With the launch of the Presidential Ambassadors for Global Entrepreneurship (PAGE) initiative, chaired by Commerce Secretary Penny Pritzker, the U.S. government is partnering with 11 prominent American business leaders to mentor the next generation of entrepreneurs. Africa is an area of interest for PAGE efforts. In fact, as part of a trade mission to West Africa this past May, Secretary Pritzker and PAGE member Nina Vaca, CEO of Pinnacle Technical Resources, visited the Meltwater Entrepreneurial School of Technology (MEST) and the MEST Incubator program, which provides training, investment and mentoring opportunities for aspiring technology entrepreneurs in Africa. In addition, PAGE members Steve Case, Chairman and CEO of Revolution, and Alexa von Tobel, CEO of LearnVest, will be sharing their experiences and expertise on Wednesday on an “Enabling Inclusive Economic Development” plenary session, as part of the fellowship Summit.

Secretary Pritzker Discusses Fostering a 21st Century Workforce with Walter Isaacson at the 2014 Aspen Ideas Festival

Today, at the 2014 Aspen Ideas Festival, U.S. Secretary of Commerce Penny Pritzker spoke about the Obama Administration and the Commerce Department’s efforts to strengthen the American workforce and prepare our workforce for 21st century jobs through skills development. She discussed these efforts with Walter Isaacson, President and CEO of the Aspen Institute, during an armchair discussion titled “21st Century Workforce.”

Since taking office a year ago, Secretary Pritzker has spoken to over a thousand business leaders and more than one-third of Fortune 500 CEOs, and one of the top concerns that they have shared is finding the right workers to fill available jobs. To ensure the economy’s long term competitiveness, the United States must maintain a strong workforce with the skills that businesses need. That is why the Department of Commerce is making workforce development a top priority for the first time ever.

In her discussion with Isaacson, Secretary Pritzker talked about some of the initiatives that the Commerce Department is leading to equip the American workforce with skills for jobs in thriving industries. For example, the Department recently launched a membership call for the National Advisory Council on Innovation and Entrepreneurship (NACIE), an advisory council that will assists the Department in finding new approaches to industry-led skills training. This spring, Secretary Pritzker also joined President Obama and Vice President Biden to announce a combined $600 million in Trade Adjustment Assistance Community College and Career Training (TAACCCT) and apprenticeship grants, which will enable a number of communities to train workers for challenging careers in growing American industries, such as advanced manufacturing, IT, and healthcare.

Secretary Pritzker Joins PAGE Member Steve Case on Cincinnati Leg of “Rise of the Rest” Road Tour

Secretary Pritzker Joins PAGE Member Steve Case on Cincinnati Leg of “Rise of the Rest” Road Tour

Today U.S. Secretary of Commerce Penny Pritzker visited Cincinnati, Ohio for the “Rise of the Rest” Road Tour to celebrate America’s entrepreneurial spirit and bring attention to emerging startup economies in communities across the United States. The four-city tour, taking place this week in Detroit, Pittsburg, Cincinnati and Nashville is hosted by Chairman and CEO of Revolution and Presidential Ambassadors for Global Entrepreneurship (PAGE) member Steve Case. PAGE is a first-of-its-kind collaboration between eleven of America’s most inspiring and prominent entrepreneurs who are using their experience and expertise to help spur business creation in the United States and around the world.

Entrepreneurship is a key driver of economic growth and job creation. Startups account for 20 percent of new jobs created in the United States and are responsible for adding net new employment to the economy. Secretary Pritzker’s visit to Ohio today is part of the Commerce Department’s ongoing efforts to support and highlight America’s thriving entrepreneurial spirit, celebrate our startup culture, and inspire the next generation of entrepreneurs.

Secretary Pritzker began the day in Cincinnati by delivering remarks about the importance of entrepreneurship at a breakfast event with Cincinnati business owners and aspiring entrepreneurs. In her remarks, she discussed the Administration’s efforts to engage with business leaders and local leaders to foster an economic environment that encourages innovation and entrepreneurship, which spur job growth and competitiveness and promote economic development.

Secretary Pritzker then hopped on the bus and headed to Dotloop, a web-based company focused on creating a platform that would simplify real estate transactions. She then toured Cintrifuse a start-up incubator in downtown Cincinnati where she met with a number of entrepreneurs looking to turn their ideas and inventions into new products and technologies. After her Cintrifuse visit, Secretary Pritzker and Steve Case visited Roadtrippers, a web and mobile app for planning road trips. All of the sites Secretary Pritzker visited today demonstrate the power and potential of great American business ideas.

Later in the day Secretary Pritzker and Steve Case sat down for a fireside chat with Rich Boehne CEO of E.W. Scripps Company at the Brandery, a seed startup accelerator. Speaking before an audience of Cincinnati entrepreneurs, they offered practical advice for young companies from their own experiences building businesses and shared more about what the Administration is trying to accomplish by supporting entrepreneurship through the PAGE initiative. ​

Secretary Pritzker Promotes Entrepreneurship in the Philippines

Secretary Pritzker Promotes Entrepreneurship in the Philippines

Innovation and entrepreneurship are key drivers of economic growth, in the United States and around the world. As part of her commercial diplomacy mission to the Asia-Pacific region this week with leading American CEOs, U.S. Secretary of Commerce Penny Pritzker participated in a roundtable with Philippine entrepreneurs to learn more about the business environment in the Philippines and discuss ways that the Obama Administration can support business creation. The roundtable was hosted by Kickstart, a startup incubator, and IdeaSpace, a non-profit that supports technology entrepreneurs.

Two months ago, Secretary Pritzker launched the Presidential Ambassadors for Global Entrepreneurship (PAGE) initiative, which President Obama announced last fall. PAGE is a partnership between U.S. government and the private sector to inspire business creation in the United States and around the world.  As the inaugural members of PAGE, 11 successful American entrepreneurs committed to traveling the world to provide access to mentorship, education and other opportunities for aspiring entrepreneurs.

Today’s roundtable is part of a series of discussions that Secretary Pritzker is holding to learn more about the opportunities for new business creation, as well as the obstacles that entrepreneurs face in different countries.  During the Secretary’s trade mission to the Middle East in March, she sat down with 15 Saudi entrepreneurs in Riyadh and learned about their plans for growth and what they needed to foster an entrepreneurial community. Also, two weeks ago, she visited an incubator where Ghanian entrepreneurs were developing businesses that served customers in the United States and Europe. These forums are an invaluable chance for the Secretary to learn about barriers to things like capital and education.

Secretary Pritzker's trip demonstrates that United States is firmly committed to deepening U.S. engagement with the Asia-Pacific region, and recognizes that there is tremendous opportunity for mutually-beneficial growth in the ASEAN region. By helping to remove barriers to new business creation, the Commerce Department is working to unlock the entrepreneurial spirit that will generate prosperity for both the Philippines and the United States.