Boston has a lot of young talent, and the city will be able to showcase that soon at Forbes’s Under 30 Summit in October.
Forbes announced Monday that it will hold its third annual Under 30 summit in conjunction with the City of Boston and the Commonwealth of Massachusetts. This is the first time the summit will be in Boston; it was held in Philadelphia for the last two years.
Forbes magazine editor Randall Lane told The Boston Globe that Forbes hopes to keep the summit in Boston indefinitely.
“This year, we plan to take the summit to a whole new level, more than tripling it in size and opening it up to young entrepreneurs worldwide,’’ Lane said in a statement. “We can’t think of a better place to host it than Boston, a vibrant city with amazing entrepreneurial culture and civic engagement, where students and high achievers from all over the globe come together.’’
More than 5,000 of America’s leading young entrepreneurs are expected to attend the summit, which will be held between October 16 to 19.
The main event, to be held at Faneuil Hall, is expected to attract more than 1,000 of America’s leading young entrepreneurs from Forbes’s previous and current 30 Under 30 lists; this event is invitation only.
The two previous Philadelphia summits drew some criticism around the city’s public spending, theGlobe pointed out: A city-controlled nonprofit committed to spend $3 million on advertising with Forbes in the first two years it held the summit, and a Philadelphia Inquirer editorial called for the city to abolish the nonprofit.
This year’s summit, which includes five interconnected events at multiple venues all across Boston, is supported by private sponsorships. Daniel Koh, Mayor Marty Walsh’s chief of staff, told the Globe that city officials were upfront with Forbes that they wouldn’t be able to give any public money to the event.
Governor Charlie Baker welcomed the summit at a press conference Monday and noted that Boston’s innovative economy and “cutting-edge resources’’ create an ideal environment for fostering young talent and future entrepreneurial success.
“Boston is known for having the best and brightest talent, with over one-third of our population being young professionals,’’ Mayor Marty Walsh said, according to the statement. “As we prepare to host this summit, we look forward to continuing to engage young leaders in our efforts to move the city forward for everyone.’’
This year, the Forbes 30 Under 30 list, released in January, included a few notable Bostonians, such as MIT Ph.D. candidate Abe Davis (see his TED talk here), the Greycork furniture designers, and more.
The agenda for the summit includes the Under 30 Food Festival, citywide bar crawls, and a Boston-wide Service Day; Forbes will work with the City of Boston to use the event as a catalyst for ways to help Boston’s youth population. Fill out this form for information about attending the summit and to be notified when registration opens.
The summit will include the Under 30 Music Festival, as well, which previously featured Afrojack, Wiz Khalifia, and A$AP Rocky. This event is open to the public (separate from the summit), and free tickets will be given out to Bostonians who take steps to end extreme poverty.
Learn more about the summit here and see a video of past summits below.