President Obama hosts first White House Demo Day
WASHINGTON - President Barack Obama is hosting top innovators and startup founders from across the country for the first White House Demo Day.
The White House will showcase work Tuesday by more than 30 startup teams of women, minorities and young people - all underrepresented in entrepreneurship. The exhibits range from early-stage technology to consumer products.
Obama also will announce the winners of Small Business Administration competitions and other efforts to increase diversity in entrepreneurship and technology.
The White House says about 3 percent of America's venture capital-backed startups are led by women; around 1 percent are led by African-Americans. About 4 percent of U.S.-based venture capital investors are women.