What
•Endeavor Global seeks to transform emerging-market economies by identifying and supporting high-impact entrepreneurs
•Entrepreneurs are selected based on their entrepreneurial initiative, business innovation, values and ethics, role model potential, development impact of their business, and Endeavor’s potential to provide significant help
•Endeavor aids their partner entrepreneurs with business plan and strategy development, personalized mentoring, funding introductions and road shows, and expert and peer networking
•Endeavor also seeks to work with governments to implement policies conducive to new business start-ups
Why
•Entrepreneurs can be significant forces for economic growth and poverty reduction in developing countries
–Businesses create revenue and employment opportunities
–Successful entrepreneurs become role models for members of the community and create a multiplier effect of innovation and economic growth
•Endeavor has developed a proven model to identify high-impact entrepreneurs, help them realize their plans, and utilize them to inspire others
Where
•Endeavor currently operates in Argentina, Brazil, Chile, Columbia, Egypt, India, Mexico, South Africa, Turkey, and Uruguay
•Ambitious growth plan to reach 25 markets in next decade; targeting Asia, Africa, and the Middle East
Impact Stats
•38,418 jobs created by Endeavor Entrepreneurs
–Average salary of 10x the minimum wage
•$1.375B in revenues by supported companies in 2005
•96% of Endeavor companies are still operating
•198 entrepreneurs supported since 1998
•$871.3M in equity financing secured by Endeavor Entrepreneurs after being selected
•18,729 hours of one-on-one mentoring by top professionals in Endeavors’ Venture Corps
How to Give and Learn More
•Main web page and information on how to give: http://www.endeavor.org/
•Annual Impact Report: http://www.endeavor.org/pdf/Impact_Report_2006.pdf
•Rating: http://www.charitynavigator.org/index.cfm/bay/search.summary/orgid/9149.htm
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1 comment:
Along these same lines, there's a program in the Philippines for potential-entrepreneurs. They provide business training, and help students identify which of their own entrepreneurial ideas have the greatest potential for success. Students are thereby equipped to return to their own communities, receive micro credit loans, and put their ideas to practice. Here's the link:
http://www.the-academy.org/
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