U.S. President Barack Obama announces the 2016 Global Entrepreneurship Summit will take place in “the birthplace of modern innovation.”

                                                                                                                                                                U.S. President Barack Obama announced Wednesday that Silicon Valley will be the next host for the 2016 Global Entrepreneurship Summit. The annual conference, which first took place in Washington, D.C., has since convened innovators and leaders across sectors in Turkey, the United Arab Emirates, Malaysia, Morocco, and most recently, Kenya. This summer, Obama will lead the U.S. delegation to join 1,000 attendees in “the birthplace of modern innovation.”
Silicon Valley is no stranger to convenings of entrepreneurs, from a range of mentorship programs bringing tech leaders together with developing country entrepreneurs, to the growth of incubators and accelerators to the annual SOCAP conference. This week, for example, entrepreneurs have to pick and choose between the Lean Startup Conference in San Francisco and the Social Innovation Summit in Redwood City.