Former National Security Advisor, Sandy Berger made the announcement during the "Financing Ideas, Initiatives and Information" session at the two-day conference in New York. Endeavor co-founder and CEO Linda Rottenberg accepted the certificate.
“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.”
"It is vital to support emerging-market entrepreneurs to accelerate the spread of innovations and improve the quality of life in the developing world," said Rottenberg. "We are grateful that the Clinton Global Initiative recognizes the importance of entrepreneurship and values the need to approach development with a strategic, effective and bold solution."
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.
As of December 2005, 198 Endeavor Entrepreneurs from 140 companies have created more than 38,000 high-value 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."