All About the White House's First-Ever Demo Day
The White House is opening its doors to entrepreneurs on Tuesday by hosting its first-ever White House Demo Day.
Demo Day is an opportunity for innovators from around the country to join President Barack Obama to "demo" their individual success stories, and share their game-changing ideas. The day will feature more than 90 entrepreneurs, from 25 states and territories, and representing over 30 companies. See the full list of participating companies and entrepreneurs here.
"Just 3 percent of America's venture capital-backed startups are led by women, and only around one percent are led by African-Americans. At present, only about 4 percent of U.S.-based venture capital investors are women," a press release from the White House stated. "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."
Among some of the day's highlights, technology companies are announcing new efforts to promote workplace diversity. IBM is announcing its investment in women in technology by expanding its relationship with Girls Who Code to introduce the next generation of women software developers to cloud computing innovation.
Get to know more about women in technology by learning about U.S. Chief Technology Officer and MAKER Megan Smith.
The White House is encouraging aspiring entrepreneurs to join the conversation about how we can ensure that everyone has access to the tools and resources they need to make their ideas a reality. Use the hashtag #WHDemoDay to participate in the discussion.
Photo Credit: WhiteHouse.gov