NEW YORK--(Endeavor Entrepreneur Bülent Çelebi is featured in Inc Magazine’s April issue for his “American-style” company AirTies headquartered in Istanbul, Turkey. AirTies creates wireless routers that work in local languages with local networks, providing solutions to emerging markets where broadband penetration is low but growing fast.)--
“High-impact entrepreneurs have the potential to create thriving companies that employ hundreds and generate millions in wages and revenues”
Most router products are targeted for American consumer preferences. Çelebi used his engineering background and experience in Silicon Valley to create a product that customizes the router for countries such as Bulgaria, Egypt, Greece, Kazakhstan, and Russia. Based in Istanbul, Turkey, Çelebi’s AirTies has found that his innovative concept combined with his savvy international business approach has earned him large revenues, expanded markets and nearly $5 million in funding. In September 2006, Endeavor selected him into its class of “high-impact” entrepreneurs who are transforming emerging market economies through sustainable and high-growth ventures.
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Real growth in emerging-market countries ultimately will come from robust private sectors rather than handouts. Since 1997, Endeavor has identified and supported 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 Co-founder & CEO Linda Rottenberg.
As of December 2005, 260 Endeavor Entrepreneurs from 180 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.”