In March 2008, Goldman Sachs announced a significant new initiative that has two goals: Increasing the number of underserved women receiving a business and management education, and improving the quality of business and management education around the world. Expanding the entrepreneurial talent and managerial pool in developing and emerging economies – especially among women – is one of the most important means to reducing inequality and ensuring more shared economic growth.
In an effort to achieve this goal, Goldman Sachs is supporting partnerships with universities and development organizations that will lead to 10,000 Women receiving a business and management education over five years. These partnerships are funding business and management education programs in countries around the world. The certificate programs are pragmatic, flexible and shorter-term, and help open doors for thousands of women whose circumstances prevent them from ever receiving a traditional business education. In addition, the 10,000 Women program involves creating case studies about women entrepreneurs in emerging economies.
Knowledge@Wharton, the online research journal of the Wharton School of the University of Pennsylvania, has built a network of websites to deliver knowledge about entrepreneurship and other themes to more than 1 million subscribers worldwide in English, Spanish, Portuguese and Chinese. Knowledge@Wharton''s Indian edition provides business insights over mobile phones. Knowledge@Wharton shares Goldman Sachs's belief in the power of entrepreneurship to transform emerging economies and the need to use technology to educate women entrepreneurs in these areas.
In view of these shared beliefs, Goldman Sachs and Knowledge@Wharton have collaborated to create an online educational portal for women entrepreneurs and to enhance the capacity of business schools in developing countries that are involved in the Goldman Sachs 10,000 Women Initiative. This portal for women entrepreneurs will deliver online educational resources to participants and potential participants in the Goldman Sachs 10,000 Women Initiative. In addition, Knowledge@Wharton will enhance the capacity-building activities of the Goldman Sachs 10,000 Women Initiative by providing business research, data and insights to faculty members at business schools in emerging economies.
Questions about the Goldman Sachs-Knowledge@Wharton collaboration and the 10,000 Women portal should be e-mailed to: firstname.lastname@example.org.