Omidyar Network, a philanthropic investment firm dedicated to harnessing the power of markets to create opportunity for people to improve their lives, announced a three-year, $30m commitment to support global entrepreneurship, especially in India and Sub-Saharan Africa.
These two countries were selected due to the large numbers of people living in poverty and the potential social impact increased entrepreneurship will bring – from improved access to goods and services to increased employment opportunities.
Consequently, Omidyar Network will invest in entrepreneurial ventures, particularly those providing goods and services, by focusing on high-impact for-profit companies and non-profit organizations, those with a proven business model and the ability to scale their operations to serve hundreds of thousand or millions living at the base of the pyramid.
FinSMEs
24/09/2009