Emerging Entrepreneurship Ecosystems: GIST Net Launches
Today, Gust is proud to join the U.S. Department of State and several other private sector partners to launch The GIST Network (GIST Net), an interactive online network connecting science and technology entrepreneurs in emerging economies. GIST Net will provide entrepreneurs with the resources and mentorship they need to collaborate, seek funding, and grow their businesses.
This public-private partnership is part of the State Department’s Global Innovation through Science and Technology (GIST) initiative to increase innovation around the world, and was launched today at the Global Entrepreneurship Summit (GES) in Morocco. At GES, over 3000 entrepreneurs, heads of state, high-level government officials, and corporate leaders have come together to exchange ideas and strengthen alliances for a more vibrant global entrepreneurship ecosystem.
The U.S. Department of State developed the idea for GIST Net in response to demand from the international science and technology community for more access to resources and mentorship opportunities. The platform is operated by Gust and streamlines information and resources available from GIST and partner organizations into one central interactive site. Content on the site includes the latest news, events, startups, jobs, funding opportunities, and industry insights. GIST Net also offers interactive discussion boards to help entrepreneurs connect; a mentorship hub with participants from top U.S. universities, Silicon Valley startups, and global businesses; country-specific navigation and content; and access to financing from Gust’s vast early-stage investor network.
This critical resource could not come at a more pressing time. In 2013, the global youth unemployment rate was estimated at 12.6%, or 73 million people. Unfortunately, many of the world’s unemployed youth are concentrated in emerging countries. Technology, innovation, and entrepreneurship are proven engines of economic growth, and are paramount to addressing high global unemployment. GIST NET will help address this issue by bringing essential resources together into a single authoritative destination.
Gust believes in the power of entrepreneurship to change global economies, and is thrilled to to work with the Department of State to help communities across the world strengthen their entrepreneurship ecosystems.
Written by Justin Cina
You might also be interested in
Gust announces acquisitions of Sharewave and Preferred Return; creates the most robust and affordable equity management solution for early-stage startups.
June 22, 2016 – NEW YORK, NY – Gust, the global service provider powering the entrepreneurial ecosystem, announced today the launch of a comprehensive equity management platform, Gust Equity Management. The new platform provides early-stage companies with powerful
For three out of four quarters in 2015, New York City’s tech ecosystem has led with more startup funding requests than any other region in the country, including California’s long reigning Silicon Valley. After a dip in Q3, New York rebounded in Q4 claiming nearly 20% of every funding application around the country. California ranked second with 17.8% of total
The Market Diversifies: International Innovation Captures Larger Share Of Startup Funding Applications
In Q3 the global startup ecosystem continued to thrive, with 25% growth over the same quarter last year and up 18% from last quarter, as the innovation economy expands around the world. Quarterly data from Gust, the online platform for the global angel investment industry, reveals that while incumbent leaders show no sign of slowing down, new industries and areas
2015 is shaping up to be a strong year for the startup and early stage investor ecosystem. Total startup funding applications are up across the globe and in multiple sectors, especially in the United States where the surging New York City tech industry is leading a nationwide growth in new startups.
Coming out of the second quarter of the year, the total
On October 1st, 2014, after more than two years of partnership and development, Gust proudly joined the Mayor of the City of New York and IBM in announcing the launch of Digital.NYC, NYC’s new official hub for tech and startups. In the first 36 hours, mentions of the hub were viewed more than 42 million times on social media, and