OPIC’s Enterprise Development Network & State Department's Global Entrepreneurship Program Partner to Promote Growth in Developing Countries
August 10, 2012
(OPIC)
WASHINGTON, D.C. – The Overseas Private Investment Corporation’s Enterprise Development Network (EDN) and the State
Department’s Global Entrepreneurship Program (GEP) announced a formal
partnership that will deepen and expand their cooperation in the development of
sustainable private sector growth in developing nations.
The partnership will provide GEP programs access to EDN’s internet-based
platform, allowing GEP Partners to promote programs and initiatives that support
business development and growth in emerging markets. GEP Partners, including
U.S. embassies and consulates, will also have the ability to access information
to help develop new programs and businesses, to identify potential partners to
assist in their missions, and to track the success of their programs. In
addition, GEP and EDN will collaborate on conferences and meetings that promote
economic growth and entrepreneurship in developing countries.
“The EDN-GEP partnership is a win-win for all involved,” said Elizabeth
Littlefield, OPIC President and CEO, “because it will efficiently combine
resources from two government agencies in order to better address business needs
in developing economies.”
K. Shelly Porges, Senior Adviser for Global Entrepreneurship at the State
Department, said, "We are thrilled to be partnering with OPIC's Enterprise
Development team. The EDN platform offers us an impactful way to connect our
Embassies and Consulates with our more than 100 partners as we make the Global
Entrepreneurship Program truly global. Not only is it easy to use, but it offers
all those working on entrepreneurship, both in and out of government, an
effective way to connect to the resources in their country."
EDN is a strategic alliance among public and private sector organizations
established by OPIC. Through a growing network of organizations around the
world, EDN is designed to bring together the vast resources essential to attract
debt and equity capital and political risk insurance for enterprises pursuing
business opportunities in developing countries.
GEP is a U.S. State Department-led effort to promote and spur entrepreneurship
around the world. GEP represents a vital public-private partnership that
achieves its objectives by catalyzing and coordinating more than 125
non-governmental partners around six categories of activity: identifying
promising entrepreneurs, training them, connecting and sustaining entrepreneurs,
increasing funding for emerging enterprises, enabling supportive policy, and
celebrating their successes. By establishing a supportive ecosystem,
entrepreneurs are given the opportunity to create jobs and vastly improve the
economic conditions of their country.
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