Global Entrepreneurship Program
Encyclopedia
The Global Entrepreneurship Program (GEP) is a new U.S. Government program focused on supporting and empowering entrepreneurs in Muslim communities around the world – and beyond. It will do this by marshalling partners, both U.S. and in-country, as well as multiple U.S. government programs around the six areas considered to be essential to creating a successful ecosystem for entrepreneurs.
These six areas are: ‘Identify,’ ‘Train,’ ‘Connect,’ ‘Guide to funding,’ ‘Sustain,’ and ‘Celebrate’ entrepreneurs. The proposed program has twelve focus countries throughout the world, including seven Muslim majority countries. GEP will provide expertise, tools and support for entrepreneurs that will help them to develop and flourish – spurring innovation and creating jobs and economic opportunity.
on April 27. 2010, Secretary of State
Hillary Clinton launched a number of new programs. The first and foremost of these was the Global Entrepreneurship Program, which she announced with the following: "Here are some of the outcomes of this summit, as to what the United States intends to do. First, we are launching the Global Entrepreneurship Program. That’s an initiative that will provide concrete support to new entrepreneurs, starting in Muslim-majority communities and eventually expanding to others worldwide. Through this program, we will work with the United States private sector partners and local businesses, along with civil society groups, to help create successful entrepreneurial environments. We will help sponsor business plan competitions to identify and support promising ideas. We will work to expand access to capital so entrepreneurs with a sound business concept will have access to credit to enable them to put their ideas to work. We will facilitate partnerships between business schools in the United States and educational institutions worldwide to share knowledge and help strengthen business education. We will support mentoring programs so someone starting out can benefit from the experience of someone who’s been down that road before. I’m pleased to announce the launch of the Global Entrepreneurship Program’s first pilot program, in Egypt, coordinated by a team of Entrepreneurs in Residence from USAID. We will soon launch our second program in Indonesia, and we plan to expand to a dozen countries within the next two years."
, as part of GEP, On the Frontiers
Pioneers of Prosperity
program is bringing its highly regarded business plan competition programs; the Small Enterprise Assistance Fund’s Centers for Entrepreneurship and Executive Development, CEED, will provide their training and alumni networking programs; Endeavor, will deepen their best-in-class high-impact mentoring with the addition of their new Mentor Capital program. In addition, GEP’s eight local Egyptian partners include the Egyptian Junior Business Association, Nile University
, the American University in Cairo
, Delta Financial, and the Egyptian Business Leaders Forum and others. The local partners will work with U.S. partners in every area from training to mentoring to seeding angel investor networks.
In Egypt
, the Global Entrepreneurship Program will be managed by a team of "Entrepreneurs in Residence" funded by USAID. They will grow the partnership network and the programs and partnerships offered. In Washington, GEP will be managed as an interagency team, led by the State Department’s Bureau of Economic Affairs/Office of Commercial and Business Affairs. It will work together with several U.S. government agencies, principally the Department of State, Department of Commerce, USAID, OPIC, SBA
, and the Millennium Challenge Corporation
.
These six areas are: ‘Identify,’ ‘Train,’ ‘Connect,’ ‘Guide to funding,’ ‘Sustain,’ and ‘Celebrate’ entrepreneurs. The proposed program has twelve focus countries throughout the world, including seven Muslim majority countries. GEP will provide expertise, tools and support for entrepreneurs that will help them to develop and flourish – spurring innovation and creating jobs and economic opportunity.
Secretary Clinton's Announcement
During her speech at the Presidential Summit on EntrepreneurshipPresidential Summit on Entrepreneurship
In his "A New Beginning" speech on June 4, 2009, at Cairo University in Cairo, Egypt, President of the United States Barack Obama announced that "I will host a Summit on Entrepreneurship this year to identify how we can deepen ties between business leaders, foundations and social entrepreneurs in...
on April 27. 2010, Secretary of State
Secretary of State
Secretary of State or State Secretary is a commonly used title for a senior or mid-level post in governments around the world. The role varies between countries, and in some cases there are multiple Secretaries of State in the Government....
Hillary Clinton launched a number of new programs. The first and foremost of these was the Global Entrepreneurship Program, which she announced with the following: "Here are some of the outcomes of this summit, as to what the United States intends to do. First, we are launching the Global Entrepreneurship Program. That’s an initiative that will provide concrete support to new entrepreneurs, starting in Muslim-majority communities and eventually expanding to others worldwide. Through this program, we will work with the United States private sector partners and local businesses, along with civil society groups, to help create successful entrepreneurial environments. We will help sponsor business plan competitions to identify and support promising ideas. We will work to expand access to capital so entrepreneurs with a sound business concept will have access to credit to enable them to put their ideas to work. We will facilitate partnerships between business schools in the United States and educational institutions worldwide to share knowledge and help strengthen business education. We will support mentoring programs so someone starting out can benefit from the experience of someone who’s been down that road before. I’m pleased to announce the launch of the Global Entrepreneurship Program’s first pilot program, in Egypt, coordinated by a team of Entrepreneurs in Residence from USAID. We will soon launch our second program in Indonesia, and we plan to expand to a dozen countries within the next two years."
First Pilot in Egypt
In EgyptEgypt
Egypt , officially the Arab Republic of Egypt, Arabic: , is a country mainly in North Africa, with the Sinai Peninsula forming a land bridge in Southwest Asia. Egypt is thus a transcontinental country, and a major power in Africa, the Mediterranean Basin, the Middle East and the Muslim world...
, as part of GEP, On the Frontiers
On the Frontiers
On the Frontiers is volume thirteen in the French comic book science fiction series Valérian and Laureline created by writer Pierre Christin and artist Jean-Claude Mézières.-Outline:...
Pioneers of Prosperity
Pioneers of Prosperity
Pioneers of Prosperity is an awards programme for entrepreneurs in Africa, the Caribbean and Central America that have created wealth and invested in their society...
program is bringing its highly regarded business plan competition programs; the Small Enterprise Assistance Fund’s Centers for Entrepreneurship and Executive Development, CEED, will provide their training and alumni networking programs; Endeavor, will deepen their best-in-class high-impact mentoring with the addition of their new Mentor Capital program. In addition, GEP’s eight local Egyptian partners include the Egyptian Junior Business Association, Nile University
Nile University
Nile University is a not-for-profit institution of higher learning. The University was established in Egypt in July 2006 by the Egyptian Foundation for Technological Education Development ....
, the American University in Cairo
American University in Cairo
The American University in Cairo is an independent, non-profit, apolitical, secular institution of higher learning located in Cairo, Egypt...
, Delta Financial, and the Egyptian Business Leaders Forum and others. The local partners will work with U.S. partners in every area from training to mentoring to seeding angel investor networks.
In Egypt
Egypt
Egypt , officially the Arab Republic of Egypt, Arabic: , is a country mainly in North Africa, with the Sinai Peninsula forming a land bridge in Southwest Asia. Egypt is thus a transcontinental country, and a major power in Africa, the Mediterranean Basin, the Middle East and the Muslim world...
, the Global Entrepreneurship Program will be managed by a team of "Entrepreneurs in Residence" funded by USAID. They will grow the partnership network and the programs and partnerships offered. In Washington, GEP will be managed as an interagency team, led by the State Department’s Bureau of Economic Affairs/Office of Commercial and Business Affairs. It will work together with several U.S. government agencies, principally the Department of State, Department of Commerce, USAID, OPIC, SBA
SBA
SBA may stand for:* Survivable Branch Appliance* Santa Barbara Airport* Santa Barbara Airlines* SBA Towers, radio masts and towers* School-based assessment, a programme of Hong Kong Diploma of Secondary Education which composes parts of the marks...
, and the Millennium Challenge Corporation
Millennium Challenge Corporation
The Millennium Challenge Corporation is a bilateral United States foreign aid agency created by the George W. Bush administration in 2004, applying a new philosophy towards foreign aid.-Background and formation:...
.
See also
- E-Mentor CorpsE-Mentor CorpsE-Mentor Corps is a project of the US State Department that will allow entrepreneurs seeking advice to access mentors on-line. The E-Mentor Corps will call on business leaders and proven entrepreneurs in the United States and overseas to serve as E-Mentors to aspiring and emerging entrepreneurs...
- Partners for a New BeginningPartners for a New BeginningIn his "A New Beginning" speech on June 4, 2009, at Cairo University in Cairo, Egypt, President of the United States Barack Obama stated that "I've come here to Cairo to seek a new beginning between the United States and Muslims around the world, one based on mutual interest and mutual respect, and...
- Presidential Summit on EntrepreneurshipPresidential Summit on EntrepreneurshipIn his "A New Beginning" speech on June 4, 2009, at Cairo University in Cairo, Egypt, President of the United States Barack Obama announced that "I will host a Summit on Entrepreneurship this year to identify how we can deepen ties between business leaders, foundations and social entrepreneurs in...