Obama administration unveils new initiatives to promote global startups as Obama calls for broadband expansion and freedom of expression on the web.

Read the full article at: www.cio.com.au

Obama was joined by Facebook CEO Mark Zuckerberg, who along with entrepreneurs from Africa and South America called for a global regulatory climate that would be friendlier to tech startups and the expansion of the broadband infrastructure that has become the lifeblood for young businesses born on the web.

“The biggest thing that I’m personally focused on is connectivity,” Zuckerberg said, calling the lack of reliable, high-speed Internet access “a blocking factor” for billions of people around the world.

Obama echoed that call for expanding Internet access, suggesting that “the huge opportunity here is for countries to leapfrog existing infrastructure” in areas like mobile apps and financial services, and crediting progress on those fronts in Africa and India. With improvement in infrastructure and connectivity comes more freedom and innovation to solve pressing global issues.

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