These emerging market entrepreneurs from Argentina, Brazil, Mexico, Uruguay and South Africa will engage with top founders of the Tata Group, including chairman Ratan Tata and Pankaj Baliga, Vice President of Tata Consultancy Services. It will also include a visit Reliance, the first and only Indian company to make it to the Fortune 500 and a tour of Bollywood.
“Endeavor has played an instrumental role in promoting entrepreneurship as a tool for development. It is a model that should be replicated around the world.”
Through these visits, entrepreneurs will gain insight into successful business methods and build networks. The goal is to open up and build networks for emerging market entrepreneurs in order to expand employment, create revenue and attract investment capital.
Real growth in emerging market countries ultimately will come from robust private sectors rather than handouts. Since 1997, Endeavor has been identifying and supporting entrepreneurs throughout Latin America, Africa and the Middle East. "High-impact entrepreneurs have the potential to create thriving companies that employ hundreds and generate millions in wages and revenues," says Linda Rottenberg, Co-founder & CEO of Endeavor.
As of December 2005, 198 Endeavor Entrepreneurs from 140 companies have created more than 38,000 jobs paying on average ten times above the minimum wage and generated approximately US$1.375 billion in revenues.
Former World Bank President and Endeavor Global Board Member James D. Wolfensohn says, "Endeavor has played an instrumental role in promoting entrepreneurship as a tool for development. It is a model that should be replicated around the world."
Interested press may participate in the tour and interview entrepreneurs by contacting Elmira Bayrasli.