Today, AXA announced a new global partnership with Endeavor, a non-profit organization that selects and mentors high-impact entrepreneurs, with the goal of fostering long-term, sustainable growth in emerging and growth economies worldwide. This strategic partnership covers a broad field of activities: a) AXA will directly sponsor selected networking events hosted by Endeavor, b) AXA will be introduced to scale-up businesses by Endeavor, via the AXA Hearts in Action program, and c) the Group's executives will volunteer to mentor entrepreneurs from emerging economies. Endeavor has a long succcesful history of matching startups from emerging and growth economies to interested investors.
Through its wide global network, Endeavor companies have raised over $532m of equity capital and can claim to have contributed to the creation of over 400,000 high-quality jobs in emerging economies.
I am very pleased that AXA will be Endeavor's exclusive partner in the insurance sector, especially since I think our respective missions are highly complementary. AXA exists to protect people against risks and has a responsibility to help build a safer and stronger global society. Endeavor's mission is to lead high-impact entrepreneurship in emerging and growth economies which protects people from unemployment and directly helps build economies. This partnership will enable both organizations to help each other to achieve these objectives
I feel this is the start of something special. AXA's multi-year commitment across different departments to Endeavor will help us achieve our goals together more efficiently. I am very much looking forward to welcoming AXA to the Endeavor network and to bringing the benefits of this partnership with a large global financial services company like AXA to our network members