Digital Divide Data
Social Entrepreneur
Jeremy Hockenstein & Mai Siriphongpanh.
Founded
2001
MISSION
Provide world-class competitively priced IT services toglobal clients.
Where they work
Cambodia and Laos.
BUSINESS MODEL
Build talent, cultivate leaders and improve livelihoods in developing countries through the combination of education and employment in a sustainable IT services business.
Annual budget
US$4.2 million FY11 (Jun-11).
Delivered to date
Have trained over 1,880 youth from disadvantaged backgrounds, currently employing 650 people with more than 400 program graduates. Generated over $8.2m in revenue since inception, including US$2.3m in FY10, with earned revenue covering business costs since 2005.
Impact
More than 400 program graduates, earning over four times the average regional wage, totalling an estimated +$20 million increase in lifetime earnings.
BIG PLANS
Empower individuals to break the cycle of poverty and become leaders in their emerging economies, creating lasting impact for their families and communities. In so doing, demonstrate efficacy of using IT/BPO outsourcing as a mechanism for sustainable growth in developing countries around the world.
Our investment so far
US$50k grant in unrestricted capital.
