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.