Wednesday, April 11, 2007

Will Endeavor Bring Entrepreneurship to Egypt?

Endeavor is one of the leading companies that focus on cultivating entrepreneurship in developing countries. Today Co-founder and CEO Linda Rottenberg talked at the GSB.

According to Linda, Endeavor seeks out countries where entrepreneurship is not part of the culture and tries to change that. Key to this is local buy-in from high profile investors and consultancy firms. The first step is to form a network of these investors and firms which would typically form endeavor's local board of directors. The next step would be to seek entrepreneurs who have potential for having a high impact - generating revenue and job opportunnities. Then they give them professional advice and give them access to the high level network they have formed to seek capital or further advice.

The most interesting aspect of all this is that they are coming to Egypt by the end of this year. I knew from Linda that this was lead by Naguib Sawiris. Are you surprised? I am not. Time after time, the Sawiris family is proving they bring great value to the country, not only by the impact their businesses has on the economy, but also through directly investing in development efforts.

I'll try to get in contact with the person who is in charge of Endeavor come in to Egypt. Sounds Interesting!

1 comment:

Anonymous said...


Great to read your blog zido !!
Did you get back to the man already? do you have further information regarding endeavor's activities in egypt?

Youssef Mikhail