State of affairs in subcontinent may hurt entrepreneurship
Monday, May 11, 2009
Miami, US: US-based Endeavor Global, a non-profit group formed in 1997 and whose mission is to promote the growth of entrepreneurs in emerging markets, selects what it calls “high impact” entrepreneurs from developing nations and offers them intensive strategic and management support. By high impact, Endeavor means these firms have the potential to inspire large scale change in the lives of people and improve the economy.
Entrepreneurship in India, it says, has a bigger risk than the economic slowdown sweeping the world: geopolitical risks from its next door neighbours. In an interview, Edgar Bronfman Jr., chairman and chief executive, Warner Music Group Corp. and chairman at Endeavor, and Linda Rottenberg, co-founder and chief executive, Endeavor, say, though India continues to be an attractive investment destination and a favourable region for entrepreneurship, security issues in the subcontinent may hurt entrepreneurship more in the country.