Acumen Fund Initiative Will Develop ’Entrepreneurial Bench’ in Fight against Global Poverty

Thursday, May 25, 2006

Inaugural Fellows Class Selected From Global Applicant Pool Will Bring Private Sector Solutions to Developing World

NEW YORK–(BUSINESS WIRE)–May 24, 2006–Acumen Fund, a leading innovator in the creation of sustainable, scalable solutions addressing poverty in the developing world, announced the inaugural class of Acumen Fund Fellows today in New York City. After an intensive three-month selection process that spanned the globe and drew hundreds of applicants from over fifty countries, Acumen Fund has chosen eight extraordinary individuals to be part of the first cohort of the groundbreaking Acumen Fund Fellows Program. The fellowship includes eight weeks of rigorous training, a nine-month field assignment with an Acumen investment, and another month spent debriefing at Acumen Fund headquarters in New York City. “The goal of the Acumen Fund Fellows Program is to create a corps of individuals with the skills, tools, connections and understanding to play important leadership roles in the solving of critical social problems…’

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Source: Yahoo! Business Wire (link opens in a new window)