NEW YORK, Nov. 14, 2016 /PRNewswire/ -- The EY Vantage program, which sends top-performing EY professionals abroad to support high-impact entrepreneurs across Latin America at no fee, has concluded for 2016. Twenty-eight advisors completed more than 6,700 program hours, equivalent to more than $2.5 million in services, working with entrepreneurs in emerging economies and helping them identify and navigate key business challenges.
The initiative, now in its 12 th year, has helped entrepreneurs to grow, create more jobs and make significant contributions to their respective industries, reinforcing EY's commitment to building a better working world and improving global economies. Since 2005, 147 advisors from EY Americas member firms have supported 145 entrepreneurs with more than 45,000 hours of service at a value of more than $15 million. "Since its inception, EY Vantage has made a positive impact for the entrepreneurs we have supported, as well as for the up-and-coming EY leaders who have taken part in the program," said Deborah K. Holmes, EY Americas Director of Corporate Responsibility. "Our hope is that EY Vantage can serve as a catalyst for sustainable growth in countries with emerging economies where cultivating entrepreneurship can have a lasting effect on society. At the same time, we are engaging our top professionals through this transformative international experience which aims to develop leadership skills and a global mindset." The program works in collaboration with Endeavor Global, a non-profit organization that aims to catalyze long-term economic growth by selecting, mentoring and accelerating high-impact entrepreneurs across the globe. During the course of their six-week placements, each EY professional worked with an entrepreneur on a project tailored to address the needs of the organization while growing professional and leadership skills for the advisor. Projects included market expansions, internal auditing, work flow and operations and the development of business plans. Advisors were also able to gain firsthand knowledge of the emerging markets and industries in which they volunteered.