U.S. AID is also looking ahead to 2017 for the "Geeks on a Plane" tour that it is launching with the business incubator 500 Startups to engage with entrepreneurs in sub-Saharan Africa "to explore partnership and investment opportunities," according to a fact sheet provided by the White House.
The White House has also lined up numerous commitments from firms in the private sector in support of global entrepreneurship, including funding pledges from venture capital firms and efforts to promote training and mentorship.
"It turns out that starting your own business is not easy," Obama said. "You have to have access to capital. You have to meet the right people. You have to have mentors who can guide you as you get your idea off the ground."
Sign up for CIO Asia eNewsletters.