The Legatum Center of Development and Entrepreneurship welcomes a new cohort of Legatum Fellows will advance a growing tradition of driving sustainable, scalable change in the developing world. The Center operates on the belief that entrepreneurs and their market-driven solutions are critical to advancing global prosperity.

Thursday, January 24, 2019
Jim Cooney, Legatum Center

The Legatum Center of Development and Entrepreneurship welcomes a new cohort of Legatum Fellows will advance a growing tradition of driving sustainable, scalable change in the developing world. The Center operates on the belief that entrepreneurs and their market-driven solutions are critical to advancing global prosperity.

The new fellows will join a growing family of Legatum-bred entrepreneurs that stretches back more than a decade. To illustrate more broadly the benefit of supporting early-stage entrepreneurs within a robust ecosystem like MIT, the Legatum Center gathered as much information as possible on their alumni’s professional activity and analysed it in their 10-year Impact Report.

With support from Legatum, the Mastercard Foundation, and HRH Princess Moudi Bint Khalid, the Legatum Center from 2007 to 2017 distributed over $7 million in funding to 213 Fellows. Since then alumni with active ventures in frontier markets have reportedly raised a total of $79 million in outside funding and created 14,700 jobs. They have also impacted 600,000 consumers, 300,000 farmers, 230,000 patients, and 37,000 fellow business owners.

Read more here…


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