U.S. Agency for International Development (USAID), with General Atlantic, Newman’s Own Foundation, The Pershing Square Foundation, Rockefeller Philanthropy Advisors, and Echoing Green initiated a three-year partnership which will invest in young entrepreneurs who are pioneering innovative new models to address global development challenges. Through the partnership, USAID will commit US$ 2 million to support the project, which will be matched by an additional US$ 2 million in support from its partners. The partnership will select and invest in twenty young social innovators working in developing countries in two classes of the Echoing Green Global Fellows Program.
The project goal is to “prime the pump” for global social entrepreneurship, both by supporting individual entrepreneurs, and by fostering the growth of social entrepreneurship ecosystems and increasing awareness and support for social innovators in developing countries. Entrepreneurship and innovation are proven economic drivers that help create jobs and reduce poverty through sustainable market-based solutions. Fellows in each class will receive financial and technical support over a two-year period to work on their innovative new models of global development solutions. The partners, along with Echoing Green Fellows, will share best practices within the social enterprise community to support the advancement of the social entrepreneurship ecosystem through a range of events and field building activities coordinated with USAID Missions and Echoing Green.
|Value||USD 4.2 Million|