Goldman Sachs strengthens 10,000 Women initiative

by 30 Sep 2008

GOLDMAN SACHS recently announced new partners for its “10,000 Women” scheme to provide business and management education to female entrepreneurs in less-developed countries.

The initiative, which was launched in March this year, aims to provide 10,000 underserved women, predominantly in developing and emerging markets, with a business and management education and invest in a largely untapped yet significant resource – the exponential power of women as entrepreneurs and managers.

The latest announcement names 12 new groups who will work with Goldman Sachs to provide business and management education to more than 2300 women in Brazil, China, India, and the Philippines. The number of women receiving training through partnerships now totals nearly 5400 of the 10,000 women Goldman Sachs has committed to support over the next five years.

“One of the powerful ideas behind 10,000 Women is educational institutions, development organisations, and the private sector coming together to help address a profound challenge – driving and sharing economic growth,” said Lloyd C. Blankfein, Chairman and CEO of The Goldman Sachs Group.

“I’m proud that these new partners, along with the people of Goldman Sachs, are committing their expertise and dedication to help 10,000 women achieve their dreams and, in the process, improve the quality and accessibility of business education for future generations of managers and entrepreneurs.”

Among the 12 new partners announced were the London Business School, INSEAD in France and Singapore, the University of Cambridge and the University of Asia and the Pacific in the Philippines.