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Endeavor Jordan Hosts Second Annual “Catalyzing Conversations” Event with Top Members of the Global Network

Endeavor Jordan hosted the second annual ‘Catalyzing Conversations’ event in collaboration with the 59th Endeavor International Selection Panel in Amman. ‘Catalyzing Conversations’ is a multi-tiered event featuring a series of interactive and motivational discussions with business leaders, entrepreneurs […]

June 30th, 2015 — by admin

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Endeavor Argentina’s 2015 Experiencia Brings Together 2,000+ Participants to Celebrate High-Impact Entrepreneurship

Endeavor Argentina hosted its 2015 Endeavor Experiencia this June. The event, which took place in Buenos Aires, was designed to promote networking between entrepreneurs and potential investors as well as celebrate the work of Endeavor in the region. It […]

June 29th, 2015 — by admin

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Endeavor Jordan Hosts Second Annual “Catalyzing Conversations” Event with Top Members of the Global Network

jordanEndeavor Jordan hosted the second annual ‘Catalyzing Conversations’ event in collaboration with the 59th Endeavor International Selection Panel in Amman. ‘Catalyzing Conversations’ is a multi-tiered event featuring a series of interactive and motivational discussions with business leaders, entrepreneurs and investors from Endeavor’s regional and global network.

The day-long event featured panel discussions conducted by entrepreneurs, investors and industry experts from across the U.S., Europe and the Middle East and North Africa (MENA). Notable topics and speakers included:

– ‘Getting the Most from the Creative Economy’ hosted by Endeavor Global Chairman Edgar Bronfman Jr., Endeavor Jordan Chairman Ali Al-Husry and Endeavor Greece Vice Chairman Mareva Grabowski;

– ‘Mind the Talent Gap’ hosted by Endeavor mentor Sal Giambanco of Omidyar Network;

– ‘Why Culture Matters’ with Endeavor Jordan Entrepreneur Amjad Aryan;

– ‘Multiplying Impact: From Entrepreneur to Investor’ with Endeavor Global Board Member Fadi Ghandour, Endeavor Lebanon Entrepreneur Herve Cuviliez, and Endeavor Global Board Member Michael Ahearn.

“At Endeavor Jordan, we are committed to supporting and advancing high-impact entrepreneurship across Jordan. As such, we continuously strive to organize value-added events that provide our ecosystem with the opportunity to exchange knowledge and experiences with some of the world’s most prominent industry innovators and game-changers, and we believe that insightful events such as ‘Catalyzing Conversations’ are a great way to do so,” said Rasha Manna, Managing Director of Endeavor Jordan. “I would also like to express our gratitude towards Bank al Etihad, Capital Bank, KAFD, Umniah and USAID-JCP for their invaluable support, which has been instrumental to the event’s success.”

The event was supported by Bank al Etihad, Capital Bank, King Abdullah II Fund for Development (KAFD), Umniah and USAID’s Jordan Competitiveness Program (JCP).

Learn more about the event by clicking here, read press coverage by clicking here and see more event photos here.

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Endeavor Argentina’s 2015 Experiencia Brings Together 2,000+ Participants to Celebrate High-Impact Entrepreneurship

endvr_argentinaEndeavor Argentina hosted its 2015 Endeavor Experiencia this June. The event, which took place in Buenos Aires, was designed to promote networking between entrepreneurs and potential investors as well as celebrate the work of Endeavor in the region. It brought together over 2,000 participants from eight provinces with the goal of inspiring and encouraging Argentina’s entrepreneurship movement.

Throughout the day-long event, participants attended a series of workshops, lectures, and roundtable discussions led by Endeavor Entrepreneurs, business leaders and top members of the regional network. More than 2,000 external participants also connected to the event through digital streaming. In total, more than 200 reported connections were made between entrepreneurs and potential investors in attendance.

Notable Endeavor Entrepreneurs who spoke include Marcos Galperin (Co-Founder of MercadoLibre), Guibert Englebienne and Martin Migoya (Co-Founders of Globant), Sally Buberman (Co-Founder of Wormhole IT), and Luciano Nicora (Founder of VN BPO).

The event garnered significant press and social media attention. It was featured in six national newspapers and garnered more than 2,500 tweets. According to an exit survey, 96% of the attendees would go to another event and 98% considered it an extremely positive experience.

Watch the recap video below and learn more about the event by clicking here.

Endeavor Colombia Brings High-Impact Entrepreneurship to Barranquilla and Medellín with Regional Expansion

endeavor colombiaEndeavor Colombia is announcing the launch of its first two regional operations in Colombia. The offices will be located in Medellín, Colombia’s second largest city and the host of a 2016 Endeavor International Selection Panel, and in Barranquilla, the country’s main Caribbean city. Spearheaded by Endeavor Colombia’s Board of Directors and national and local institutions, this expansion will help the Bogotá office continue to support and serve the best high-impact entrepreneurs in the region.

The Medellín operation will act as a further extension of the Entrepreneur Selection and Growth (ESG) team, with the goal of promoting scale-up entrepreneurship by increasing the selection of candidates from the region. The office is working in conjunction with RutaN, the foremost entrepreneurship and innovation-focused organization in Medellín. RutaN is supporting the offices’s operations under the management of María Isabel Uribe.

In Barranquilla, the operation is going forward in alliance with the local chamber of commerce and iNNpulsa, a government program that supports high-impact entrepreneurship in Colombia. The first step of the operation will involve selecting a group of entrepreneurs who are in an earlier stage of development than typical Endeavor Entrepreneur candidates. The purpose of this selection is to prepare potential candidates and nominees at a smaller regional level for the national selection process. This accelerated program will be offered to eight businesses that show high potential and will see them through a year of mentoring, interviews and workshops during which they will strengthen their pitches for regional panels. They will also be exposed to several important networking opportunities. Juan Carlos Peña will be heading the efforts in Barranquilla.

The Barranquilla operation was launched on June 11th, 2015 and the Medellín operation will launch on July 29th, 2015.

Learn more about Endeavor Colombia by clicking here.

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Medellín, Colombia


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Barranquilla, Colombia

UAE’S Fetchr Raises $11 Million Series A Round With Participation From Endeavor Catalyst

fetchrlogoThe Dubai-based Fetchr, co-founded by Endeavor Entrepreneur Idriss Al Rifai, raised $11 million in a Series A round of funding led by New Enterprise Associates (NEA). The app helps local merchants and global brands build, launch and grow profitable e-commerce businesses with an easy-to-use proprietary shipping and logistics solution. This investment marks the largest U.S. Series A investment in a Middle Eastern venture to date.

Fetchr was founded with the aim of taking the hassle and inconvenience out of package delivery. In emerging regions of the world where addresses are inconsistent and often unreliable, there is a major challenge for deliveries. This challenge prevents consumers from ordering items online, businesses from growing their revenue via e-commerce, and people from sending packages to each other. Organizing pickups and deliveries still requires multiple phone calls and shipping businesses are still relying on paper and pen.

Fetchr uses proprietary technology to schedule package pick-up and delivery using mobile phone GPS coordinates as the address. While e-commerce is growing at explosive rates around the world, it will never reach its full potential until the “no street address” problem is cracked. Fetchr overcomes these logistical hurdles by delivering packages using mobile phones as points of contact.  This groundbreaking shipping and logistics solution helps local merchants and global brands build, launch, and grow profitable e-commerce businesses. Fetchr is significantly faster than competitors, with 97 percent of packages delivered same day or overnight, and a return process that picks up within 30 minutes. Fetchr’s system connects the dots between customer, package, driver, and sender to create an overall seamless experience.

This Series A investment will enable Fetchr to launch the mobile application of its service in the Appstore and Google Play, as well as fuel ongoing product development.

“Consumers use their phones to shop for just about everything,” said Idriss Al Rifai. “With our app, you can now use your phone to ship anything, anywhere. We aim to change the behavior in which people send and receive packages. We are thrilled that NEA shares our vision for overcoming the major logistical challenges that exist for deliveries in emerging markets, as well as ushering in a new era for shipping and ecommerce. This investment is a big step forward for the Arab startup community.”

Since joining the Endeavor network in 2015, Fetchr’s founding team have been active members of the network, receiving custom advisory services from a board of Endeavor mentors. In addition, Endeavor has connected the team with other entrepreneurs and a number of investors who will help them continue to grow their business model in this next phase.

Read more about the investment news in the Wall Street Journal.

About Endeavor Catalyst

Endeavor-Catalyst-LogoEndeavor Catalyst is a passive co-investment vehicle that allows Endeavor Global to invest in Endeavor Entrepreneurs in a neutral, unbiased way. The main goal of this program is to use the returns of the investment to support Endeavor’s operations. The fund also contributes to Endeavor’s mission as it promotes professional third-party angel and venture capital investors to take a stronger interest in emerging market investment opportunities.

Endeavor Brazil’s Entrepreneurial City Index Ranks Quality of Entrepreneurship Across the Country

endeavorbrasilEndeavor Brazil, with support from Bain & Company, published an Entrepreneurial City Index of Brazilian capitals in an attempt to understand the country’s entrepreneurial ecosystem, as well as draft local policies to encourage high-impact entrepreneurship.  The results will serve as an assessment tool for public managers and support organizations interested in economic impact in the cities, and for entrepreneurs to make more informed decisions when choosing where to start their businesses.

The creation of a positive environment for entrepreneurial activity is a concern for countries with a range of economic development; entrepreneurs play a significant role in such productivity and are agents of generating wealth. Policies aimed at generating entrepreneurship, thus, are important to a country’s economic well being.

Starting a new business in Brazil requires a huge amount of effort. Entrepreneurs face daunting obstacles daily, be it finding new customers, managing budgets, or simply building a qualified team. Endeavor developed a unique framework for assessing the business environment in Brazil’s regions. To build this framework a set of economic, institutional and social indicators from all 14 cities were organized and collected.

The study’s framework focuses on seven determinants that form the ranking themes. These include: Regulatory Environment, Infrastructure, Market Conditions, Access to Capital, Innovation, Human Capital, and Culture.

Regulatory environment deals with permits, inspections, and labor laws, particularly on the length of proceedings and the cost of taxes measured by the effective taxation of small and medium ventures.
Infrastructure focuses on two main groups: long distance transportation and urban conditions. Sao Paolo took first place in Market Conditions, the next determinant.
Market Conditions concern economic development and potential clients.
Access to Capital is another very important determinant for an entrepreneurial city. The two main categories for determining access to capital are available capital via debt and access to venture capital. For a new company, it is often difficult to think about investing in the future when the present is uncertain, so access to investors and venture capitalists can make or break a start-up.
Innovation focuses on investment intensity and generating innovation potential.
Human Capital  deals with the availability of skilled and basic labor.
Culture plays a large role in the success of entrepreneurial ventures in Brazil. A society’s vision of and attitude towards entrepreneurship is a noteworthy factor in whether or not entrepreneurs will be successful in a determined city.

After a thorough analysis of the results, Florianópolis, an island region in the South East of the country, came in first place. Thirty years ago the city could not have imagined its current success, but hard work and the alignment between economy, government and society, made this island a hub for entrepreneurial growth. This data will allow regional governments to better understand their position in the entrepreneurial spectrum, and allow them to grow and develop into their own successful entrepreneurial sites.

Read the report below and download it by clicking here.

June 2015 Newsletter

june newsletterTo view Endeavor’s June newsletter, a recap of all the top news stories from the previous month, please CLICK HERE.

Reminder: To receive our monthly newsletters by email, please enter your email address in the sign-up box at the bottom of our homepage.

Greece’s Green Cola Receives a Twenty-Five Percent Equity Stake Investment

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Yiannis Chitos, Chairman of Chitos S.A., a leading Greek beverage manufacturer, has acquired a 25% equity stake in Green Cola, founded by Endeavor Entrepreneur Periklis Venieris. Green Cola has become one of the fastest growing consumer goods brands in Greece. The company has already successfully positioned itself in the Greek market and has grown its presence to Israel, Cyprus, Serbia, Romania, Bulgaria, Belgium and Australia.

Green Cola introduced a cola-type product in 2012 that offers natural ingredients and fewer calories without sacrificing the taste of traditional soft drinks. The company now operates in the beverage industry through its subsidiary EPAP, maintaining a legacy that spans over half a century in the production and bottling of soft drinks. In 2013, the company launched a larger array of low-calorie and high-quality products. EPAP currently owns exclusive production and use rights of Green Cola products for Greece and 12 other international markets.

Chitos S.A. and Green Cola signed and drafted a five-year business plan which will allow them to expand Green Cola’s presence and activities into national and international markets. Green Cola will form a new board with Yiannis Hitos serving as executive chairman. Hitos’ company Chitos S.A. is one of the most successful Greek companies in the field of bottled water. They have a registered office in the Ioannina region and has steadily evolved into a dynamic brand which significantly contributes to the Gre
ek economy.

Since his selection by Endeavor in 2014, Periklis has received introductions to investors and strategic mentors. Read more about the news by clicking here.

Endeavor Investor Network Convenes Leading Investors and Network Members in Amman

Investor network LogoAlong with the 59th International Selection Panel in Amman, the Endeavor Investor Network hosted a roundtable discussion  focused on the topic of early- and growth-stage equity investing in the MENA region. Participants consisted of 25 leading investors from the region and abroad, including representatives from Egypt, Jordan, Lebanon, Turkey, the UAE, and the U.S.

The two-hour discussion was followed by a casual cooking session which celebrated local culture and cuisine and provided participants with an informal opportunity to network. In attendance were some recognized regional entrepreneurs and business leaders such as Fares Ghandour of MENA Venture Investments, Yousef Hamidaddin of Oasis500, and Khaldoon Tabaza of iMena. International attendees also represented a range of top investment firms,  including Perry Blacher of Amadeus Capital, Basem Salfiti of Hummingbird Ventures, Chris Caulkin from General Atlantic Partners, and Numan Numan of 212 Ventures in Turkey.

Allen Taylor, Director of Endeavor Catalyst, said, “This marks our first formal event held by the Endeavor Investor Network in Amman, Jordan. We believe this region is starting to see some of the same positive momentum and growth in the early-stage financing community that we identified when we held our first Endeavor Investor Network event in Brazil in 2011 and in Turkey in 2013. Coinciding with our first Endeavor Catalyst investment in the region, we see this gathering as a very positive sign of things to come.”

The upcoming gatherings will take place August 4th in San Francisco and November 17th in London.

About the Endeavor Investor Network
The Endeavor Investor Network works with more than 100+ global investment funds – primarily based in Silicon Valley, New York, and London – to connect the best venture capital and growth equity funds with entrepreneurs and local co-investors around the world. Since its formal launch in 2011, the program has helped 80+ Endeavor portfolio companies raise more than $500M in equity capital, and worked with more than 50+ local funds in Latin America, Turkey, and SE Asia.

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Participants in the investor event during the cooking workshop

Endeavor Marks Third Expansion in Europe with Launch in Bulgaria

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Endeavor Bulgaria Logo no tag (color) hi-resSofia, Bulgaria – June 1, 2015 – With the launch of an office in Bulgaria, Endeavor now has a presence in three European countries. With the support of some of Bulgaria’s top businesses leaders, Endeavor will focus on fostering the entrepreneurs with the most potential to create jobs and transform the regional economy. Endeavor first expanded in Europe in 2012 with Endeavor Greece followed by the launch of Endeavor Spain in 2014.

Bulgaria has come a long way from its turbulent political and economic transition in the 1990s to becoming a member of the European Union in 2007. With average annual economic growth reaching 4% over the past decade, Bulgaria needs to build on the its achievements and continue to stimulate employment, business and investment growth. According to conclusions from the Global Entrepreneurship Index, Bulgaria is in need of institutional progress in the ecosystem that will result in more high-quality and innovative ventures that can continue to propel its development. Slowing recovery from the 2008 economic crisis demonstrates that there are still many challenges to the quality of entrepreneurship in the country, but the general population has a better than average attitude towards entrepreneurial activity when compared to the rest of the EU.

High-impact entrepreneurs have the potential to transform Bulgaria into a hub of innovation and entrepreneurship, which will create role models and inspirational stories for future generations to follow. Given access to the right mix of mentors, business networks, capital and strategic advice, Endeavor Entrepreneurs around the world have successfully attracted top talent and investment to the regions that need it the most.  With a favorable environment for entrepreneurial growth, Bulgaria has the necessary infrastructure to build a support network for businesses that can move the needle of the economy.

“We are thrilled to continue our growth in Europe with this expansion in Bulgaria, which will continue the amazing work that Endeavor has already done in Greece and Spain,” said Endeavor co-founder and CEO Linda Rottenberg. “Great talent and ideas exist in every region of the world and Endeavor will help showcase Bulgaria’s top entrepreneurs on a global stage.”

Founded in 1997, Endeavor selects and supports high-impact entrepreneurs who have the potential to scale from promising SMEs into companies that create hundreds, if not thousands, of jobs and generate significant revenues. Once selected, Endeavor Entrepreneurs are given world-class strategic mentoring advice, access to key networks and other tools and talent programs that can catapult them to success. In the past 17 years Endeavor has selected over a thousand entrepreneurs from 22 countries around the world in North America, Latin America, Africa, Europe, the Middle East and Southeast Asia. In 2013, these entrepreneurs generated $6.8BN in revenue and created 400,000 jobs.

All of Endeavor’s global affiliates are spearheaded by a local board of business leaders and entrepreneurs. The Endeavor Bulgaria founding board include: Nedelcho Spasov, Co-Founder of Easy Asset Management; Christo Iliev, Founder & Executive Chairman of AG Capital; Lyubomir Minchev, Founder & CEO of Telelink; Atanas Simeonov, CEO of S Group; Vassil Terziev, Chief Innovation Officer of Progress Software; and Ivo Evgeniev, Co-Founder of Rosslyn Capital Partners.

“The Board of Endeavor Bulgaria looks forward to mentoring and supporting the best entrepreneurs across the country,” said Board Chairman Ivo Evgeniev. “We are at the start of making a significant and lasting impact on the entrepreneurial ecosystem in Bulgaria.”

Angel Kelchev will serve as Managing Director to oversee the successful launch of Endeavor Bulgaria. Angel has over eight years of M&A experience both in the U.S. and in Bulgaria. He has previously advised U.S. companies from a variety of sectors in the technology space, as well as various Bulgarian companies across sectors (e.g., telecom, FMCG, retail, agriculture, etc.). As MD, he will lead the day-to-day operations of the office in Sofia and will be involved in screening local entrepreneurs for selection into the network.

20 Entrepreneurs from 15 Companies Selected into the Endeavor Network at 59th International Selection Panel in Amman

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Amman, Jordan – June 12, 2015 – Twenty high-impact entrepreneurs representing 15 companies and 10 countries were welcomed into the Endeavor network after the 59th Endeavor International Selection Panel (ISP).

Endeavor now supports 1,102 High-Impact Entrepreneurs from 694 companies across the 23 markets where it operates. This newest group of entrepreneurs was chosen at a panel held from June 9-11 in Amman, Jordan.

The conclusion of an intensive multi-step selection process that is the foundation of Endeavor’s model, the ISP brought together top business and industry leaders from the Middle East and all around the world. These panelists spent a day interviewing entrepreneur candidates to learn more about their businesses and identify those with the most potential for high-impact growth. They then deliberated on whether or not the candidates should become part of the Endeavor network and help lead the entrepreneurship movement in their countries.

“It was great to see so many top members of the Endeavor network come together in Amman, not only for the ISP but also for the Catalyzing Conversations investor event,” said Endeavor co-founder and CEO Linda Rottenberg. “I am proud of the team of Endeavor Jordan for leading the country’s high-impact entrepreneurship movement over the past six years.”

After their selection into the network, Endeavor Entrepreneurs are given access to world-class services and programs, including introductions to local and international mentors and volunteers from Fortune 500 consulting firms who will help them address key business needs. Since 1997, Endeavor Entrepreneurs have created hundreds of thousands of jobs and built sustainable and transformative growth models in their home countries. In turn, they become crucial role models for future generations of entrepreneurs.

Endeavor will be hosting three more International Selection Panels in 2015. Locations will be in San Francisco Bay Area, CA; Marrakech, Morocco; and Mexico City, Mexico

Brief descriptions of the newly selected entrepreneurs and their companies follow.

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Panelists interviewing entrepreneur candidates

EGYPT

Entrepreneurs: Mai Medhat & Nihal Fares
Company: Eventtus
Eventtus provides event organizers with all-in-one platform to consolidate efforts for event planning, marketing, and ticket sales, while engaging attendees before, during, and after events. Through the Eventtus-branded mobile app, organizers sell tickets and provide a tool for attendees to plan their agenda, network with other participants, and collaborate through interactive forums, surveys, and polls. Eventtus collects data about user engagements and responses, which organizers leverage to measure ROI and improve future events. Eventtus has helped 700 organizers host 6,000 events, including Step Conference Dubai, RiseUp Summit Egypt, Startup Weekend in 5 cities, TEDx events, and conferences for Vodafone, Nokia, and Mercycorps.

INDONESIA

Entrepreneur: Odi Anindito
Company: Coffee Toffee
Indonesia annually produces more than 720 million kilograms of coffee, making it the world’s third largest producer. Yet, Indonesia does not even crack the top 60 in terms of coffee consumption per capita according to a 2014 Euromonitor report. That will soon change; with domestic consumption expected to reach 400,000 tons in 2016, a 33% increase from 2014. To sate their caffeine need, Indonesians head to Coffee Toffee, Indonesia’s largest domestic coffee company.

JORDAN

Entrepreneurs: Mohammad Al-Shaker & Yousef Wadi
Company: ArabiaWeather Inc.
ArabiaWeather Inc. is the MENA region’s first devoted Arabic weather multiplatform (web, video, social media). ArabiaWeather collects raw data from regional satellites to generate hyper-local, real-time weather forecasts based on proprietary algorithms, distributed through its B2C and B2B channels. The B2C channel features 5-day hourly to 14 day extended weather forecasts in Arabic for 5000+ locations in 22 countries with revenue driven by platform advertising. In 2014, ArabiaWeather.com had 20 million unique visitors (15% of internet users in the region.) The B2B offerings involve customized weather services and solutions—such as advanced early weather warning systems for airlines– that help businesses (i.e. media, aviation, agriculture, construction, and oil and gas sectors) save time and money and protect property.

Entrepreneur: Penelope Shihab
Company: MonoJO
Description: : MonoJO is a biotechnology company that researches the benefits of the Middle East’s untapped resources—ultimately creating products for a variety of industries, ranging from cosmetics to pharmaceuticals. Founder and CEO Penelope Shibab has led the company to commercialize its first line of products, Skinue, an anti-acne product line made with camel’s milk that is based off of ten years of R&D. By 2017, the company plans to launch a Gastritis cure using camel milk and a biosensor used to measure diabetes. MonoJO has crucially secured a mutual collaboration agreement with the University of Cambridge and is backed by Dr.Samih Darwazah, the founder of MENA’s largest pharmaceutical company.

Entrepreneur: Ibrahim Safadi
Company:Luminus Education
Description: Luminus Education is an umbrella educational company that has six different brick-and-mortar subsidiaries in Jordan, Iraq, UAE and the UK aimed at fostering better vocational, technical and soft skills amongst the Arab youth. Luminus has successfully graduated more than 30,000 students from across 23 countries and employs more than 560 professionals from around the world. Driven by the critical and growing issue of MENA unemployment, Luminus is looking to further expand its operations across the region with the aim of becoming the Middle East’s leading vocational and technical education institution for employment.

LEBANON

Entrepreneur: Antoine Saab
Company: Energy24
Energy24, with its energy storage solutions (ESS), is charging Lebanon with ESS-ault and battery. Lebanon’s booming population growth overburdens its aging power grid, which is unable to match growing demand. The government’s provision of 1,900 megawatts annually matches only 60% of the country’s electricity needs, resulting in power outages of two to 12 hours daily. Energy24 augments the shortcomings of Lebanon’s formal electricity provider by offering energy storage solutions that stock energy while the power is on, and release it to for consumption during power outages. Energy24’s batteries provide savings of 60% on energy bills, and access to uninterrupted power for up to 72 hours.

Entrepreneurs: Rima Koteich El Husseini & Rana Koteich Najjar
Company: Blessing
Blessing is a chocolate, sweets, and gifts company based in Beirut, Lebanon. The company offers ready-made and customized products for special occasions, including weddings, christenings, corporate events, and holidays. The company has six branches, partnership agreements, and franchise stores across Lebanon, Bahrain, the Kingdom of Saudi Arabia (KSA), and United Arab Emirates (UAE). In the next five years, the entrepreneurs plan to aggressively expand in the region by opening a flagship store in downtown Beirut, new partnership and franchise stores in KSA, UAE, Morocco, Kuwait, and Oman, and an online store. The sisters are working closely with Francorp, a franchise consulting company, to manage and finalize all franchise processes.

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Panelists in a deliberation moderated by Endeavor CEO Linda Rottenberg

MEXICO

Entrepreneur: Manuel Wiechers Banuet
Company: Ilumexico
Ilumexico is a Mexican social enterprise that provides energy access via solar to rural populations. In Latin America, there are over 30 million people without electricity. In Mexico, there are three million – 600,000 households that you candles and fire for light. Ilumexico provides solar energy household systems through four steps in the value chain: 1) Technology – solar transfer products, electronic circuits, 2) Distribution – distribution network through rural branches and local technicians, 3) Financing – provide users with different financing plans according to their needs (the majority cannot buy the equipment upfront), 4) Community Programs – develop community programs specifically targeting organizations that would use the product, financial education, environmental awareness.

MIAMI

Entrepreneurs: Juha & Johanna Mikkola
Company: Wyncode Academy
Wyncode Academy, Florida’s first independent coding boot camp, aims to address the need in state’s growing tech ecosystem for developer talent. The Academy’s course offerings center on a full-time, nine-week web development course that prepares students to step into junior full stack web development jobs upon graduation. The dynamic curriculum is tailored to meet the needs of Wyncode’s 100+ local hiring partners who include South Florida’s top recruiter of developers (CareCloud) and Endeavor entrepreneurs and candidates. Wyncode has graduated 68 students from its Miami location since the inaugural cohort in May 2014. Wycnode’s second location in Ft. Lauderdale launched with its first cohort in April 2015. Success is defined by job matches: 92% of graduates are employed within three months, 86% in the Miami-FTL-West Palm Beach MSA.

MOROCCO

Entrepreneur: Kamal Reggad
Company: Menaclick
Menaclick is an ecommerce holding company composed of three award-winning sites: Hmizate.ma, Hmall.ma, and Vayago.com. Hmizate.ma is a portal for daily deals with an emphasis on travel but with vouchers for anything from live events to consumer tech. Hmall.ma is an online B2C marketplace with a mission to connect thousands of vendors with million of consumers. Vayago.com is a global hotel booking engine through which consumers can compare prices and make reservations at hotels around the world. Vayago is the first and so far only website in Morocco to facilitate foreign transactions online using locally-issued cred cards, making it the best option for Moroccans to make international travel plans.

SOUTH AFRICA

Entrepreneur: Gys Kappers
Company: Wyzetalk
When companies employ hundreds, even thousands of workers, getting everyone on the page can be difficult task. Establishing clear channels for communication and collaboration from the C-level executives to entry-level workers is a Herculean task. Wyzetalk breaks down these silos, through its mobile-based business communication platform that allows enterprises to drive effective collaboration and innovation. Users can broadcast announcements, deploy surveys, upload files, among other tools. CNN listed Wyzetalk as one of the top 10 African Startups that rocked 2014 and Gys intends to keep up the momentum to become the premier collaboration platform in Africa.

TURKEY

Entrepreneur: Ahmet Bilgin & Koray Bahar
Company: Fit Solutions
FIT Solutions is taking paper out of the picture. A wave of digitization has engulfed the world of B2C transactions: from Amazon to the Apple Store, buying online is now the status quo. Meanwhile, the B2B world remains stuck inside a time capsule, with businesses still conducting transactions through sales reps, paper invoices, and fax machines. Regardless of the fact that the B2B ecommerce market is widely predicted to be at least 10 times greater than the B2C ecommerce market (up to US$1.5 trillion globally, by some predictions), few companies have dared to tackle the challenge of digitizing business-to-business dealings – until now. FIT Solutions moves invoice and ledger procedures from paper to digital, allowing companies to transition their B2B transactions online.

Entrepreneur: Güçlü Gökozan
Company: BuldumBuldum.com
Turkish for Eureka Eureka!, Buldum Buldum describes a consumer’s feeling upon discovering the abundant means to create unique merchandise on BuldumBuldum.com. Through the ecommerce site through, individuals and small business owners can design and procure affordable, customized gifts and professional marketing materials with no minimum requirement. The newly launched BuldumBuldum.com marketplace is a forum for artists, celebrities, and trademarked brands to open their own shops and sell exclusive designs. Through exclusive licensing agreements, BuldumBuldum will be the only online marketplace selling major trademarked brands such as Disney, Marvel, and Warner Bros. Poised for exponential growth, BuldumBuldum has Endeavor’s name written all over it.

UAE

Entrepreneur: Aly Rahimtoola
Company: Harmony Cosmetics
Harmony Cosmetics is an all-natural, carcinogen-free UAE-grown beauty company that aims to fill a market gap with its brand Essentials. The brand uses ancient Ayurvedic recipes and Himalayan ingredients to offer its clients high quality, yet affordable, all-natural beauty products. Essentials is currently ranked 8th out of 63 brands sold in Boots UAE (the top 7 owned by global conglomerates). As the only PETA approved beauty product in MENA, Essentials is differentiating itself from conglomerate brands as a boutique brand that is in tune with consumer concerns.

Entrepreneur: Riath Hamed
Company: Balqees Honey
Yemeni honey is one of the purest, most exclusive natural elixirs in the world: extracted from natural desert oases, it is made by bees that feed off medicinal plants and flowers, and have never been exposed to pesticides or preservatives. The result is a full-bodied, thick honey with a rich flavor palate and unique nutritional and medicinal properties. Honey of this caliber is nearly impossible to buy at your typical supermarket. Balqees increases accessibility to the world’s most exclusive honey by supplying, packaging, and distributing it across the Gulf. Through its 13 retail kiosks, Balqees is bringing a buzz-worthy product to the Gulf States, which imported US$1.6 billion in honey in 2014 alone. It plans to diversify its product offering and expand its network of kiosks in high-end malls to penetrate the luxury hospitality sector in the Gulf.

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