The Founder and Managing Director, Terragon Group, Elo Umeh, has made the 40under40 list of entrepreneurs by the IESE Business School from over 46,000 alumni across 129 countries.
According to a statement obtained on Tuesday, through its Entrepreneurship and Innovation Centre, it launched the “IESE 40under40” programme, selecting 40 former students under 40 who have excelled in the development of new business projects.
The selection was made among the over 46,000 students who had participated in some of the training programmes of the school.
The statement said, “These 40 projects have allowed the creation of 2,197 jobs in 12 countries from four continents, receiving €544m in external investment and generating €251m in annual revenue for the economy.
“Half of these start-ups were born during the last five years and 17 per cent of them began their activity by bootstrapping, without using external investment.”
It added that the selection of the IESE 40under40 was done by a jury of international experts based on a rigorous analysis of the projects, especially their impact on society in terms of social contribution and job creation, in addition to the growth and the level of innovation, among other criteria.
The jury was composed of national and international experts in the development of new business projects.
Commenting on the achievement, Umeh commended the initiative, stating that it would inspire new entrepreneurs in their ventures and foster the growth of the community of IESE entrepreneurs globally.
According to the statement, the award ceremony, which will hold soon at the IESE in Barcelona, Spain, will bring together a huge number of the selected entrepreneurs as well as a broad representation of the entrepreneurial ecosystem and the jury of the initiative.
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