Monday, November 12, 2007

BiD - connecting investors, entrepreneurs

The mission of the BiD Network Foundation is to contribute to sustainable economic development by stimulating entrepreneurship in developing countries. Thierry Sanders and Koen Wasmus have created an online investment platform and community to tackle the key problems facing investors wanting to help stimulate economic development in emerging markets. This year the BiD Network received 3,400 business proposals from over 100 countries. It operates competitions in Kenya, Tanzania, Philippines, India, Argentina, Columbia and Peru. All of this happens online though In addition to the business plan, over 3,700 active members contribute to the online community to help entrepreneurs in developing countries. In the first year alone the BiD Network assisted the start-up of almost 20 companies in developing countries that help reduce poverty and employ over 500 people.

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