This year, more than 50 semifinalists chosen from a field of over 20,000 traveled to Silicon Valley to meet with top business leaders and compete for a grand prize worth $25,000. In keeping with the President’s challenge to young people to “create and build and invent—to be makers of things, not just consumers of things,” today he recognized the following student Challenge winners:
These students’ exciting efforts offer a glimpse of the entrepreneurial potential of America’s next generation. And because every startup is an experiment with a chance to help change the world, the Administration is committed to lowering the cost of tinkering, experimenting, and starting up something new to ensure we are continually generateing new innovations that can improve our quality of life.
That is why in 2011 the President launched Startup America, to celebrate, inspire, and accelerate high-growth entrepreneurship nationwide, and that is also why, in 2012, he signed the bipartisan Jumpstart Our Business Startups (JOBS) Act, making it easier for qualifying small firms to go public, and opening up new avenues for crowdfunding of promising business ideas. And this past June, the President hosted the first ever White House Maker Faire, showcasing a movement that democratizes the tools and skills necessary to design and make just about anything.
Please join us in congratulating these young entrepreneurs!
Dan Correa is a Senior Advisor for Innovation Policy at the White House Office of Science and Technology Policy