Yahoo! invests


Yahoo! invests $500,000 in Egyptian innovation campaign

Yahoo! and Egypt-based NGO Nahdet El Mahrousa have launched a campaign called ‘Social Innovation Starts with YOU' that hopes to inspire and motivate young Egyptians to be social entrepreneurs.

The campaign is in line with the U.S. Presidential Summit on Entrepreneurship that will take place on April 26 - 27, 2010 in Washington D.C., where Yahoo! co-founder Jerry Yang will deliver a keynote speech on how the Internet can positively transform lives, societies, and economies in Arab communities.

Starting this April, two Egyptian social entrepreneurs between the ages of 21 and 35 years will be featured on the campaign's website, sharing their stories and offering advice to future entrepreneurs. This will continue till June so that up to ten entrepreneurs are featured, with visitors voting for the entrepreneur that they think has made the biggest impact on their communities.

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