Supporting High-Impact Entrepreneurs in Emerging Economies

If the standard of living is to be raised in emerging economies and developing countries, traditional business and investment models need to be changed in order to support and cultivate the full potential of these high-impact social entrepreneurs.

Enter Endeavor Entrepreneurs. From the Wall Street Journal:

“Endeavor breaks down barriers that prevent emerging-market entrepreneurs from reaching their high-impact potential. Hailed by NYT columnist Thomas Friedman as the “mentor capitalist” model, Endeavor identifies entrepreneurs leading high-growth innovative companies in emerging markets. These entrepreneurs are given world-class strategic advice, access to key networks and other tools that will catapult them to success. With Endeavor’s guidance they become “high-impact” – expanding employment, generating wealth and inspiring others to innovate. Often overlooked, these local entrepreneurs are now jumpstarting private sector development in their countries.”

Some metrics:

“As of 2007, Endeavor Entrepreneurs throughout Latin America, South Africa, Egypt and Turkey have created 91,000 new jobs and generated over $2.4 billion in revenues. Endeavor plans to launch operations in Jordan and India later in 2008.

Posted via web from Renjie Butalid