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Nominations for Pakistan fast growth 25 April 20, 2010
 
Dear Member,

We are pleased to inform you that the AllWorld Network was established in 2007 whose mission is to find and advance all the growth entrepreneurs of the emerging world by 2015. In 1999, they launched the Inner City 100 whose goal was to shine a spot light on successful entrepreneurs where no one thought they existed -- in America’s economically distressed inner cities. The Inner City 100 (American phenomena) encouraged the AllWorld Network to take this model global by creating the Africa 500, Arabia 500, Latin America 500, Asia 500 and Eurasia 500.

Their research indicates there are approximately 2,500 existing growth companies in the emerging world that could fuel economic progress in the next five years. With market visibility, these companies of 25 to 200 employees can scale up, accelerating critical job creation and innovation, and in turn, motivating other growth entrepreneurs. By being in the global market place, they believe that these 2,500 companies can create the next 1 million jobs.

The challenge for emerging countries is that their growth companies stall at a small size because they are not known. As a result, they don’t have access to the growth capital, talent and opportunities their U.S. and European counterparts have. These programs are designed to address the critical challenge of scaling growth and job creation in the emerging world by putting the best entrepreneurs on the global radar screen.

To be eligible for an AllWorld Network ranking, a company must:

•       Be an independent, private, for-profit, corporation or partnership, or proprietorship.
•       Cannot be a non-profit, holding company, franchise, bank or utility company. Private companies established by government or in which government is majority stakeholder are also not eligible.
•       Have a minimum 3-year operating history and sales of at least $100,000 USD in 2006 and $500,000 in 2008.
•       Have 6 or more full-time employees in 2008; and
•       Have an average growth rate of 40% per year for 3 or more years.

The companies who qualify the AllWorld ranking will get i) the visibility and acclaim that comes from gaining recognition and media attention; ii) an invitation to attend an All World Leadership Summit at Harvard University and at the Pinnacle Institute with other fast-growing international companies; and iii) membership in the AllWorld exchange, the exciting business network and B2B platform of growth companies.

During a meeting on March 1, 2010 in New York, the launching of Pakistan Fast Growth 25 was announced. Mr.Muhammad Aamer, Commercial Counsellor, Consulate General of Pakistan, New York while speaking at the occasion informed the gathering about the rising entrepreneurship in Pakistan and can thus provide all WorldNetwork with 25 fast growing companies, who fulfill the AllWorld qualifying criteria as stated above. 

Consulate General of Pakistan, New York will short list at least 25 companies and to put them under the world radar screen which will help them in flourishing their business besides creating jobs and attracting investment in Pakistan.

The companies who intend to apply for the AllWorld Network ranking can do it on line by visiting the website www.allworldlive.com.  Once the application is submitted along with financial statements etc., AllWorld Network will announce the list of first Pakistan fast growth 25 in August, 2010 and ceremony to recognize them in an event in September 2010. Frequently Asked Questions (FAQs) are attached for any information about the programme or you may also contact the Consulate General of Pakistan, New York at:-

Tel: +1-212-4726123
Fax: +1-212-4726780
E-mail: pakcom.nyc@tdap.gov.pk

Thanking you,

Yours sincerely,


Majid Shabbir
Secretary General
 
Attachments
  AllWorld_Asia_500_FAQ