LIBRA’S HISTORY OF INVESTING IN ENTREPRENEURSHIP
The Libra Group is a privately- owned business, built on the foundations of integrity, respect and trust.
“At Libra, we seek to turn family values into guiding business principles. One core value is a strong sense of respect and trust in the individual. Another is a sense of community – recognizing that together we can be more. While a business is a community it must acknowledge its responsibilities to the wider world, the global community.” – George Logothetis
It is this strong sense of community and commitment that has sparked Libra’s education, entrepreneurial and other philanthropic programs. It was in recognising our responsibility to community during the economic downturn in Greece that the Hellenic Entrepreneurship Award (HEA) was born, and it has been a key feature of the way we nurture and support entrepreneurship ever since. The Libra Group sees investment in human capital and ideas as fundamental to the well-being of any economy, and equally vital for economic growth and prosperity.
AEA’s SISTER PROGRAM
In 2012, The Hellenic Initiative was established as a global, non-profit, and non-governmental institution. Its mission was to develop sustainable economic and business improvement programs which empower the Greek people toward long-term prosperity. Libra established the Hellenic Entrepreneurship Award (HEA) on behalf of the initiative in 2012, with further generous support from members of the Greek diaspora.
In the HEA’s first year, five successful entrepreneurs were selected by an esteemed panel of judges for awards of funding and business mentoring. Since then, the HEA has become an annual award in Greece, attracting over 1500 competing business plans to date. It has surpassed its initial goal of encouraging new business enterprise in Greece, and now inspires hope among new and experienced entrepreneurs alike who might otherwise have been denied such an opportunity. In fact, over the years the winners have become fully-fledged employers, creating many hundreds of jobs and delivering real value to the Greek economy.
FILLING OPPORTUNITY GAPS
The achievement of the HEA, coupled with Libra’s commitment to the My Brother’s Keeper Alliance (MBKA), inspired the American Entrepreneurship Award (AEA). MBKA is a non-profit organization launched by President Obama that aims to make the American Dream available to all boys and young men of color by eliminating gaps in their available opportunities and outcomes. The AEA was officially launched in October 2015 in Miami-Dade County in Florida and subsequently in the Bronx, New York City. The AEA will be administered in a similar fashion to the HEA with the intention of giving businesses in those regions the financial and technical resources they need to get their enterprises up and running.