Suminter (www.suminterindiaorganics.com) converts small-scale farms to organic standards, and then buys the produce at a premium for export to the global market. Certified by Fair Trade, Suminter currently works with over 4,000 Indian farmers, whose farms are certified by global agencies like SKAL to meet US and European organic standards.
"Entrepreneurs like Sameer represent the high-impact potential necessary to jumpstart economic growth in developing markets worldwide and transform their cultures" said Endeavor Co-founder & CEO Linda Rottenberg. "Sameer bridges the gap between small-scale farmers and would-be consumers to bring healthy and socially-responsible goods to market."
Endeavor identifies and supports innovative emerging-market entrepreneurs with high-impact potential to help grow their enterprises, create high-value jobs and become role models. The International Selection Panel is the culmination of a rigorous multi-step search and selection process where top business leaders interview and then offer guidance to entrepreneur candidates. Among the business leaders who participated in this panel were Aramex's CEO & Founder Fadi Ghandour, Orascom Telecom's CEO & Chairman Naguib Sawiris, and Burger King's Chairman Brian Swette. Endeavor provides entrepreneurs with customized services from successful business mentors, Fortune 500 consulting firms and top business schools.
Endeavor India began pre-launch operations last year, with three founding Board members -Jubilant Organosys Co-Chairman & Managing Director, Hari Bhartia; ChrysCapital Founder & Senior Managing Director, Ashish Dhawan; and Citi India CEO, Sanjay Nayar. Endeavor India plans to build out the Board and expects to host its inaugural India International Selection Panel in December.
Endeavor breaks down barriers that prevent emerging-market entrepreneurs from reaching their high-impact potential. Hailed by NYT columnist Thomas Friedman as the "mentor capitalist" model, Endeavor identifies entrepreneurs leading high-growth, innovative companies in emerging markets. These entrepreneurs receive world-class advice, access to key networks and other tools that catapult them to success. With Endeavor's guidance, they become "high-impact" - creating jobs, generating wealth and inspiring others. Often overlooked, these local entrepreneurs are jumpstarting private sector development in their countries.
As of January 2007, Endeavor's 333 Entrepreneurs (representing 220 companies in 9 countries) have created over 91,000 new jobs and generated $2.4 billion in revenues.