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42 High-Impact Entrepreneurs from 12 Countries Join the Endeavor Network at the 55th International Selection Panel in Istanbul

Istanbul, Turkey – October 24, 2014 – At the 55th Endeavor International Selection Panel (ISP), 42 high-impact entrepreneurs leading 23 companies from 12 countries were welcomed into the Endeavor network. Endeavor now supports 990 High-Impact Entrepreneurs from 629 companies across 21 countries. […]

October 24th, 2014 — by admin

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Fifth Annual Endeavor Colombia Conference Brings Together Top Latin American Network Members in Bogotá

The 5th annual Endeavor Colombia Conference took place in Bogotá this month with the theme “A Day to Think Big”, aiming to inspire entrepreneurs and audiences with the high-impact stories of Endeavor’s network and provide a top forum for networking. The […]

October 21st, 2014 — by admin

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42 High-Impact Entrepreneurs from 12 Countries Join the Endeavor Network at the 55th International Selection Panel in Istanbul

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Istanbul, Turkey – October 24, 2014 – At the 55th Endeavor International Selection Panel (ISP), 42 high-impact entrepreneurs leading 23 companies from 12 countries were welcomed into the Endeavor network.

Endeavor now supports 990 High-Impact Entrepreneurs from 629 companies across 21 countries. The entrepreneurs were chosen at a panel held from October 22nd – 24th in Istanbul.

The ISP is the culmination of an extensive multi-step selection process that is at the core of the Endeavor model. At the Istanbul ISP, top business and industry leaders from around the world interviewed candidates to discern their potential for high-impact growth, and then deliberated on whether or not the candidates should become Endeavor Entrepreneurs.

“The diversity of the businesses represented at this ISP is amazing,” said Endeavor co-founder and CEO Linda Rottenberg. “From mining services in Chile to transistor testing equipment in Malaysia, our network of high-impact entrepreneurs are truly innovating industries and transforming economies worldwide.”

After their selection into the Endeavor network, the entrepreneurs are given access to customized world-class services, 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 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 one more International Selection Panel in 2014 located in Miami, FL.

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

CHILE

Entrepreneur(s): Mario Flores
Company: Innovators Conveyer Belt
Conveyer belts are to mines what arteries are to the human body. As the main means of transport for minerals, losses of up to US$5 million per hour can be incurred when belts are deactivated for routine maintenance or replacement. Innovators reduces maintenance time for conveyer belts by 60% by minimizing the amount of equipment and personnel required in the process – saving mines millions of dollars per hour. The company developed a proprietary machine and repair method that turns the conventional repair process upside down (literally) by cutting and replacing the belt from below, as is the standard.

Entrepreneur(s): Gustavo Montero, Elvira Montero
Company: Imaginex
Many small businesses in Latin America do not have the budget or technical knkow how to purchase advanced enterprise software solutions, and rely instead on inefficient processes and basic spreadsheets to manage operations. Imaginex’s cloud-based, user-friendly operational management helps SMEs improve procurement and sales processes. Its main product, Bsale, has a special feature to expedite a lengthy online tax certification process and help companies submit electronic tax receipts in compliance with new regulation. As one of only two companies in Chile able to certify companies for electronic invoicing in just two days, Imaginex saves clients from allocating extensive resources to a mandatory but burdensome process.

COLOMBIA

Entrepreneur(s): Sebastian Obregan, Danel Pelaez, Sebastian Molina
Company: Enmedio
In a tech-enabled world, static displays no longer engages a population accustomed to dynamic media. Enmedio is a digital signage company responding to the digital revolution with dynamic displays that deliver the right message to the right people at the right time and place. Digital signage is one of the fastest growing communication mediums in the world. Still nascent technology in Colombia, digital signage can change the way businesses communicate. With the largest digital signage coverage in the country, Enmedio will help accelerate the process of digitizing the physical world.

Entrepreneur(s): Hans Christian Boehlke, Carl Petter Boehlke, Alfredo Angel
Company: Aldeamo
Hans Christian Boehlke, Carl Petter Boehlke, and Alfredo Angel are creating aldeas móviles (“mobile villages”) all over the world. Aldeamo is helping customers communicate using any type of mobile phone (e.g. feature and smart) without having to use data or an Internet connection. Through established partnerships with 25 Mobile Network Operators (MNOs), Aldeamo connects audiences with shared interests and delivers targeted content to its users through a B2C subscription model that charges the end-user directly through its carrier billing. Aldeamo also provides mobile solutions to public and private entities through a B2B model, currently available in Colombia, Guatemala, Honduras, and Peru, This model consists of the following services: (i) Intelligent SMS, a two way communication system between entities and their clients or employees; and (ii) Imenus, a way to connect directly to information systems from any mobile phone, without using data.

EGYPT

Entrepreneur(s): Ahmed Badr, Amir Barsoum
Company: DrBridge
Few experiences transcend cultural boundaries the way a doctor’s visit does: neglected file cabinets overflowing with outdated patient records, cramped waiting rooms groaning with overcapacity, and overworked, baggy-eyed doctors burdened with frivolous administrative tasks. The health care system has reached an unparalleled level of inefficiency in Egypt, which spends 1% more of its GDP on health care than the average Middle East country, but has a life expectancy five years lower. DrBridge believes in the power of technology to overcome these inefficiencies. By delivering an end-to-end operations platform for doctors, patients, and pharmaceutical companies, DrBridge is ushering the technophobic medical profession into the digital era.

Entrepreneur(s): Mohamed Abbas, Dina Aly, Majd El Sherif
Company: Matter
Matter is a branding firm based in Cairo, Egypt. The agency came on the scene during the Egyptian Revolution in 2011, proving that their consistent and tried methodology was competitive with international firms. In 2013, the company was the first local brand agency in the Middle East to win a Dieline Packaging Award, a worldwide competition devoted to the art of consumer package design. As one of the first local agencies devoted entirely to branding, Matter has recruited top talent and secured local and international clients. In the last 10 months, the company grew its client base by 120%.

Entrepreneur(s): Laila Sedky, Adel Sedky
Company: NOLA Bakery
NOLA offers customers trendy affordable luxuries through its wide variety of freshly-baked delicious desserts that are new to the Egyptian market. NOLA focuses on the customer experience, providing a sophisticated yet cheerful setting with top customer service. For a customer, stepping into a NOLA store should be like strolling into a French bakery in Paris, with tantalizing aromas and smiling faces greeting the customer as they walk through the door. Currently, NOLA’s main product lines revolve around cupcakes in a range of flavors although it recently expanded its offering into other dessert categories like the cronut, cheesecakes, and NOLA cakes.

GREECE

Entrepreneur(s): Dimitris Koutsolioutsos
Company: Farmer’s Republic
New York has the Union Square Market, London has Borough Market and now Greece has Farmers Republic! In a time when Greece’s Central Market is widely criticized for its relationship with farmers and quality of produce, Farmers Republic has created a disruptive physical and virtual market place—giving farmers agency over their sales with better margins and consumers higher quality certified produce. Farmers Republic is a fair-farming enterprise offering its consumers the ability to enjoy fresh produce directly from small-scale, certified producers, through its open air markets, online store, grocery store and monthly delivery service. Farmers Republic has built a superior reputation compared to other grocery stores and markets through authentically connecting with both its supplier and consumers: the farmers know that Farmers Republic will always be reliable and reasonably priced while consumers can trust that the produce will be of a certain standard through its rigorous certification process.

Entrepreneur(s): Odysseas Ntotsikas
Company: Think Digital Group
Many publishers fill their sites with underpriced advertisements and are pushed aside as advertisers opt for international competitors with huge reach and technological prowess (Facebook, Twitter, etc.). Meanwhile, advertisers struggle to efficiently find the publishers that will maximize value for their ad-spend with a relevant audience and gripping content. Think Digital Group (TDG) connects publishers with advertisers through its publisher network and ad-exchange. As a publisher network, TDG acts as an outsourced salesforce for publishers, semi-manually finding the right advertisers at the right price. Its recently launched ad-exchange, Project Agora,allows advertisers to bid on bundles of ad-space segmented by different audience groups. TDG now counts some of Greece and Romania’s largest publishers among its clients, and as it expands into new markets. Seeking to change how advertising is done across Southeast and Centrel Europe, as well as MENA, Think Digital is thinking big.

Entrepreneur(s): George Voulgaroudis, Dimitris Dimitriadis
Company: Brainbox
Through its automated bike-sharing system, Brainbox offers an efficient and cost effective alternative to vehicular transportation. Bike-sharing combines the convenience and flexibility of a private vehicle with the accessibility and reliability of public mass transit without the obligation of owning a bicycle. With installations across Greece, Cyprus, and Poland, last year alone, individuals cycled nearly a million miles, saving more than 150 tons of carbon dioxide, the equivalent of consuming 17,000 gallons of gasoline.

INDONESIA

Entrepreneur(s): Hanifa Ambadar
Company: Female Daily Network
Female Daily Network (FDN) helps Indonesian women look and feel beautiful. Its primary portal, FemaleDaily.com, provides beauty related content to help women navigate an industry with more available products than any other retail vertical. Its customer product reviews, tip-filled articles, and video tutorials help women become beauty aficionados able to navigate countless options for makeup, skincare, treatments, and trends. The parallel portal for mothers, MommiesDaily.com, attracts FemaleDaily.com visitors as they move through new stages of life. Together, the sites create a cohesive online community that facilitates peer-to-peer connections over shared passions and concerns.

Entrepreneur(s): Bede Moore, Susie Sugden
Company: Vela Asia
Vela Asia offers a suite of end-to-end ecommerce solutions to brick-and-mortar retailers in Indonesia and international brands trying to navigate the nuances of the Indonesian market. Vela delivers the expertise and infrastructure to bring its clients online throughout the ecommerce value chain from digital marketing to warehousing and fulfillment. As a boot-strapped startup, Vela generates additional revenue through modules aimed at a particular pain point along the value chain. The company also operates multi-brand portals under websites Kukuruyuk.com and Paraplou.com (Q4 2014e), which sell electronics and fashion products respectively. Vela aims to become Southeast Asia’s leading multi-platform ecommerce retailer. In the last six months, Vela Asia has grown by 160%, attracting well-known Indonesian and international brands as clients, including Indonesia’s leading shoe manufacturer Yongki Komaladi, global clothier Lee Cooper, and international footwear brand Havaianas.

JORDAN

Entrepreneur(s): Nasser Saleh
Company: Madfoo3atCom
Before Madfoo3atCom, the inconvenience of paying bills in Jordan was enough to make Jordanians wish they could buy back lost time. Jordanians went to the bank to withdraw money and traveled to each biller’s payment locations to physically deliver the money owed; rearranging their schedules to arrive during business hours and make time for lengthy queues. Meanwhile, billers incurred over 50% late payments and struggled to keep track of these cash payments. Madfoo3atCom, launched in June 2014, introduced a real-time bill presentment and payment system that enables the billers’ clients to inquire about and pay their bills via convenient and secure electronic channels 24/7. In 2013, the company secured an eight-year exclusive contract with the Central Bank of Jordan mandating that all 26 banks in the country process electronic payments through the company’s platform. Since launch, Madfoo3atCom averages 50 transactions per day, without any marketing. With plans for expansion in the region, the company is looking to average 125K transactions per day, grossing US$18.0M in revenues by 2017.

MALAYSIA

Entrepreneur(s): Sang Beng Ng
Company: Aemulus
Semiconductors are the electrical circuits that make any computerized device function — from cell phones, to jumbo jets, to rain sensors in cars. Before a semiconductor is placed in any cell phone or device, it must be rigorously tested through an expensive, time-consuming process in order to assure its compatibility with the device. Aemulus designs and produces semiconductor testers that reduce the overall cost of testing the semiconductors by upwards of 50% and perform 15-80% faster than competitors’ offerings. As a relatively recent market entrant with a unique relationship with its clients, Aemulus has excellent insight into the demands of the market and is agile enough to respond before its larger, more established competitors—taking away market share from multinationals such as National Instruments in Malaysia. Aemulus has had impressive growth and could be a shining example of a homegrown company that dares to compete with global giants on the basis of technological excellence.

MEXICO

Entrepreneur: Marco Polo Bautista
Company: Game Planet
Game Planet strives to make the process of buying games just as fun as playing them. It offers the easiest and most seamless buying experience for customers in Mexico. In addition to selecting from thousands of new titles and consoles, customers can trade in used-games and attend exclusive video game launch parties. For example, in 2011 Game Planet organized a launch party for Call of Duty Modern Warfare 2, a best-selling first-person shooter game. Partnering with Cinepolis, Mexico’s largest theater group, Game Planet allowed over 1,000 people to play the game before anybody else in the world at a movie theater prior to the game’s midnight launch and meet the game’s developers, who flew in from the US. Originally a vendor in a local bazaar, Game Planet now operates 91 stores and is the largest video game retailer in Mexico.

MIAMI

Entrepreneur(s): Ginny Simon, Steve Simon, Mike Simon
Company: ginnybakes
Eating healthy doesn’t mean eating poorly. Just ask Ginny Simon, her husband, Steve, and their son, Mike. They founded ginnybakes, a Miami-based company producing feel-good cookies, bake mixes, and health bars that have the added benefit of being organic and gluten-free. ginnybakes offers consumers outrageously delicious and healthy snacks baked with the highest quality ingredients. The ginnybakes team has leveraged close relationships with distributors in a fragmented and competitive market to sell its products in many large retailers like Whole Foods and Publix within the U.S. Its blend of premium-quality ingredients and complete ownership of the production cycle differentiates the company from its competition, as it can maintain fresh cookies while achieving economies of scale with integrated production facilities.

Entrepreneur(s): Scott Harris
Company: DeliverLean
DeliverLean has the recipe to maximize your health, your time, and your life. Many of us want to eat healthy but lack the time or energy to do so. Scott Harris (43) founded DeliverLean to empower customers to eat well and live healthy lives. DeliverLean prepares and distributes nutrient-dense, gourmet meals and sells cold pressed juices and raw vegan snacks at select retail locations nationwide. Named the eighth fastest growing Food & Beverage company in the U.S. in 2013 by Inc. Magazine, DeliverLean has ambitious plans to change the way the world think about and consume food. .

SAUDI ARABIA

Entrepreneur(s): Khalid al-Kudair
Company: Glowork
The glass ceiling in Saudi Arabia is quickly becoming a desert mirage. For women, the Saudi job market is one of the toughest in the world; only 30% of women are employed, but those who are unemployed are far from unqualified — 75% of them hold a college degree. Legislative restrictions on women’s ability to drive, coupled with social constraints around sharing personal information and CVs, engender a workforce employing only half of the country’s brainpower. Glowork is dedicated to creating equal opportunities for women by bridging the gap between employers and female jobseekers. Having placed 20,000 women in only jobs in three years, Glowork is leveraging its stellar brand reputation to launch into other business verticals where women are underserved, to shake up industries that have historically catered to men.

SPAIN

Entrepreneur(s): Salvador Carrillo, Alberto Benbunan
Company: Mobile Dreams Factory
Behind every swipe, tap and scroll on a mobile app lies an assembly line. This mobile assembly line first designs the user experience, then integrates the app with existing back-end software, then manages the mobile advertising, all before landing on a consumer’s screen. To manufacture this successful mobile strategy, clients go to the Mobile Dreams Factory (MDF), which provides end-to-end services to complete a client’s mobile transformation. With 27 mobile marketing awards, including the Gold Lion in Cannes, Eurobest, and the Gold IAB award, MDF has established itself as a leader in mobile solutions for a European m-commerce market that will exceed US$32B in 2014. Having secured premiere clients such as Burger King, eBay, and Vodafone and expanded into new geographies beyond Spain, the entrepreneurs behind MDF, Salvador Carrillo and Alberto Benbunan, are on their way to making their own mobile dreams come true.

TURKEY

Entrepreneur(s): Barbaros Serdar Özbugutu, Tahsin Isin
Company: Iyzico
With Iyzico, accepting online payments has never been easier. From obtaining contracts with banks to systemic fraud, Turkish companies, both large and small, struggle with online payments. Fortunately, Iyzico is transforming the payment processing experience for businesses through its bank-integrated, fraud-protected payment platform tailored to the nuances of the Turkish market. Iyzico’s two API platforms connect 22 banks and payment companies with over 850 merchants, enabling merchants to accept online payments in the easiest and safest manner. Iyzico’s experienced team and local know how–from collective 33 years experience in the payment market to personally setting up all the contracts with the banks–enable it to offer a more sophisticated and adaptable platform than competitors in Turkey. While there are many global competitors in the online payment market—namely Stripe and World Pay—none have entered the Turkish market because of the high barriers to entry, providing Iyzico with a window of opportunity.

Entrepreneur(s): Hande Cilingir, Serhat Soyouerel, Arda Koterin, Sinan Toktay
Company: Insider
E-commerce in Turkey and MENA is a gold-rush, and Insider is right there to sell the spade. As these geographies’ economies become increasingly digital, companies need the technical tools to mine ecommerce for its full potential. Insider sells cloud-based suites of ecommerce tools that enable clients to convert their visitors to customers. These tools include a behavioral targeting module that creates personalized campaigns for visitors, a module that incentivizes visitors to interact with a client on social media, and over a dozen other tools. Founded in 2012, the company has already attracted premiere clients in Turkey and abroad, such as Groupon, Avis, and Nine West.

Entrepreneur(s): Murat Sahin
Company: Secure Drive
Secure yourself some peace of mind and don’t drive yourself crazy finding airport transportation – leave that to Secure Drive. Too often in Turkey getting to the airport is as big a hassle as the trip itself. Taxis are expensive, public transportation is inconvenient, and illegal car services are unreliable. Established in 2005 by Murat Şahin (43), Secure Drive is the first company in Turkey to offer door-to-door shared shuttle rides to and from airports as well as ski and beach resorts. With a fleet of over 100 cars and operating in nine of Turkey’s largest cities, the company is already the third largest shuttle service in Europe. With Turkey emerging as a vital transportation hub — Istanbul’s new airport alone is expected to accommodate 150 million travelers in 2017 — Secure Drive is ready for lift off.

Entrepreneur(s): Ahmet M. Hançer, Burak Yücelyiğit
Company: Enocta
Through its flexible online platform and vast catalogue of off-the-shelf training content, Enocta provides clients with a convenient one-stop-shop for corporate training solutions. Over the last 13 years, Enocta has developed a breadth of top courses and informal learning methods to increase individual user engagement on the platform. Enocta’s SaaS platform is versatile which allows it to house a range of content be it Enocta’s proprietary courses, a client’s corporate training programs, or even a competitor’s solutions.

Fifth Annual Endeavor Colombia Conference Brings Together Top Latin American Network Members in Bogotá

logo-endeavorThe 5th annual Endeavor Colombia Conference took place in Bogotá this month with the theme “A Day to Think Big”, aiming to inspire entrepreneurs and audiences with the high-impact stories of Endeavor’s network and provide a top forum for networking. The Conference brought together over 250 Endeavor stakeholders, including entrepreneurs, board members, and mentors from across Latin America.

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The opening panel featuring key members of the Endeavor network

The event marked the first time Endeavor Colombia partnered with Foros El Espectador, a top organizer of business conferences and events in the region. Of the attendees, 17 panelists from Mexico, Chile, the US and Colombia were present, as well as Endeavor Colombia mentors Juanita Ochoa and Fernando Anzures, Endeavor Miami Board Member Adriana Cisneros and Endeavor Investor Network member Chris Rogers.

Eight Endeavor Entrepreneurs from Mexico, Colombia and Chile were present, including  Carlos Anaya of Parkimovil, Diego Solorzano of Carrot.mx, Arturo Galvan of Naranya,  Alex Torrenegra and Tania Zapata of Bunny Inc., Kenneth Mendiwelson of Refinancia, Mario Hernandez of Marroquinera and Jorge Nazer of ALTO.

The content of the day-long conference opened with a panel about international expansion strategies featuring Endeavor Entrepreneurs and network members, followed by multiple panels focused on marketing trends, the impact of entrepreneurship in urban areas, and entrepreneurial success stories. Subsequent workshop events were themed around challenges in investments and marketing.

Read press coverage of the conference in El Espectador by clicking here.

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Attendees fill the room during a conference panel

Argentina’s Technisys Raises $13 Million in Funding Round, Receives Participation From Endeavor Catalyst

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Technisys, an Endeavor Argentina entrepreneur company, raised $13 million in a Series B round of funding that included participation from Intel Capital, Alta Ventures, KaSZeK Ventures, Endeavor Catalyst and existing investor Holdinvest. Technisys has brought an innovative business model to the banking world in Latin America by offering omnichannel technology solutions to customers through mobile devices, ATM machines, online platforms and more.

The company was founded in 1996 by Endeavor Entrepreneurs Miguel Santos and German Pugliese Bassi, and has grown to employ 300 people across 10 Latin American offices. The company’s growth has expanded as the region’s middle class continues to rise, with clients like Citibank, Banco Itaú, Banco Estado de Chile and Banco Original leveraging their solutions to reach customers for savings, payments and loans services. Technisys streamlines the information held within various applications and provides banks with a simpler and more effective means for customer interaction. The company is expected to reach close to $30 million in revenue this year.

“The banks should be reaching the customer in a holistic way. That means allowing them to connect via the Web, tablet, ATMs, smartphones and new wearable devices,” said CEO Miguel Santos.

With much of the population in Latin America still lacking access to traditional banking services, the team at Technisys has uncovered a key opportunity to leverage technology and reach consumers looking for efficient financial solutions. The Technisys team expects to use the Series B funding to expand to new markets and continue investing in R&D, particularly in the wearable devices market.

“We’re thrilled to contribute to this next phase of Technisys’ growth,” said Endeavor co-founder and CEO Linda Rottenberg about Endeavor Catalyst’s participation. “We’re very proud of what Miguel, German and their team has achieved so far and have big expectations for the future.”

Since joining the Endeavor in 2001, the entrepreneurs have been active members of the network, receiving custom advisory services from a local board of Endeavor mentors. In addition, Endeavor has connected the team with other entrepreneurs and business leaders through retreat and summit events, as well as through talent programs like the EY Vantage Program. Endeavor Catalyst’s participation in this round demonstrates the company’s high-impact, high-growth potential.

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

About Endeavor Catalyst

Endeavor 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. Learn more about Endeavor Catalyst by clicking here.

Linda Rottenberg Appears in Top Media Outlets to Discuss “Crazy Is A Compliment” and Share Stories of Endeavor Entrepreneurs

CrazyMediaEndeavor CEO and co-founder Linda Rottenberg’s first book “Crazy Is A Compliment: The Power of Zigging When Everyone Else Zags” was released in October, bottling 17 years of insights and anecdotes from her work with nearly a thousand of the world’s best high-impact entrepreneurs. As part of the its release, Linda has appeared in a number of top media outlets – including Fortune Magazine, the Wall Street Journal, CNBC, MSNBC and Fast Company – to share lessons from the over 40 Endeavor Entrepreneurs highlighted in the book.

In “Crazy Is A Compliment”, Linda expresses the idea that entrepreneurship is not just for entrepreneurs anymore. Whether it’s an employee at a Fortune 500 company, a nonprofit, or a mom-and-pop shop, everyone needs to think and act like a changemaker in order to create their own success stories. She draws on her unique experience to show readers how they can take manageable steps to achieve their dreams, utilizing an insightful blend of inspiring stories and practical tips for getting started, going big, and going home.

As part of these lessons, Linda spotlights some notable Endeavor Entrepreneurs from around the world and their successes, including:

 

Since its release, “Crazy Is A Compliment” has been named a top business book for the fall by Fortune Magazine and Business Insider, reaching #11 on the New York Times’ best sellers list as well as the top 50 books on Amazon.com. Learn more about Linda’s appearances in the media and hear her discuss lessons from the book by clicking here.

You can also join Linda’s #TeamCrazy on social media with the hashtag #CrazyIsACompliment to discuss the book. In addition, you can join the likes of LinkedIn’s Reid Hoffman, AOL’s Steve Case and other top entrepreneurs by sharing your #MyCrazyMoment video.

In the Media – Linda Rottenberg

October 2014 Newsletter

OctNewsletterTo view Endeavor’s October 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.

WeXchange 2014 Forum Empowers Female Entrepreneurs with a Focus on Latin America

1919650_669277579815095_9025990230053879794_nWeXchange is a platform dedicated to promoting the development of female entrepreneurs with a focus on Latin America by providing key networking, mentoring and growth opportunities. The 2014 WeXchange Forum will take place December 11th-12th in Miami, FL as the premiere gathering for stakeholders and audiences interested in Latin American entrepreneurship and the empowerment of women-owned businesses. This year’s event will take place after the 56th Endeavor International Selection Panel in Miami and feature keynotes from Endeavor co-founder and CEO Linda Rottenberg as well as Endeavor Entrepreneur and Beleza Natural CEO Leila Velez.

Find out more about the event, as well as registration details, by visiting www.wexchange.co.

The Power of Scale-Ups: Harvard Business Review and the World Economic Forum Spotlight High-Impact Entrepreneurship

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Scale-up companies, defined by Endeavor Insight as companies more than three years old with a minimum of 20% average annual employment growth, have become a major force in transforming economies around the world. Bringing focus to the power of scale-ups, the Harvard Business Review recently featured an article co-authored by Endeavor President Fernando Fabre and Babson College professor Dan Isenberg emphasizing scale-ups, not start-ups, as the main drivers of economic change. The article takes a specific look at The Global Scale Up Declaration, an effort formed between top entrepreneurship influencers to offer a rallying point for the movement. Sign and share the Declaration at ScaleUpDeclaration.org and join the social conversation with #ScaleUpDeclaration.

In addition, a recent World Economic Forum report titled “The Bold Ones – High-Impact Entrepreneurs Who Transform Industries” takes an in-depth look at the power of high-impact entrepreneurs and their role in innovating industries worldwide. Drawing from surveys of entrepreneurs in EY’s Entrepreneur of the Year program as well as research from Endeavor, the report provides insight on how these entrepreneurs and their scale-up ventures accelerate access to new markets and become leading businesses that create high-value jobs.

In the HBR piece, Isenberg and Fabre emphasize that, despite the buzz around “startups”, the U.S. has experienced a decades long decline in entrepreneurship. Instead, more and more American companies are surviving and growing beyond 16 years. These growing businesses – known as “scale-ups” – represent the kind of long-term entrepreneurship that improves societies, jobs, quality of life, and innovation. Entrepreneurial scale-ups are companies – young or old – which are run and owned by growth-driven leaders, and which at any stage of their lives may launch a new growth trajectory. New startups are easier to count, but they alone don’t have the positive impact on economies that growing a company does. As a result, in advance of November’s Global Entrepreneurship Weekthe Declaration was developed in a coordinated effort to focus more of the entrepreneurship conversation on scale-ups and their positive impacts.

View the full HBR article by clicking here.

The WEF report found that the over 600 companies in the sample (1/10,000th of the total number of U.S. companies) have created over 160,000 jobs in just the last two years (nearly 1/20th of the total U.S. economy). These ventures have outperformed comparable financial indices by a substantial margin and have created significant wealth for owners, employees, and customers. In addition, the report features insights from Endeavor CEO and co-founder Linda Rottenberg, who is recognized as an early pioneer of the high-impact entrepreneurship movement.

Read and download the full report by clicking here.

The Global Scale Up Declaration – Join the #ScaleUpDeclaration Conversation

To accelerate and highlight the scale up conversation, with a group of entrepreneurship influencers, we have developed this Scale Up Declaration, which we offer as a rallying point for what the entrepreneurship discussion should focus on, and what that can accomplish. Sign and share the Declaration today!

Endeavor Entrepreneurs from Greece, Indonesia and Malaysia Speak at the 2014 ASEAN Business Club Forum in Singapore

ASEANThe 2014 ASEAN Business Club Forum took place in Singapore this month and brought together more than 300 business leaders from across the Asia Pacific region to tackle issues in trade, industry and economic development. Endeavor Entrepreneurs from Greece’s Out There Media, Indonesia’s Kartuku and Malaysia’s GridMarkets were invited to speak at the event to address innovations in their respective industries and the impact of entrepreneurship in the region. 

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Endeavor VP Cindy Ko speaking at the 2014 ABC Forum

 ASEAN (Association of Southeast Asian Nations) is a ten-member bloc which includes such countries as Indonesia, Malaysia, the Philippines, Singapore, Thailand, Brunei, Cambodia, Laos, Myanmar, and Vietnam. The organization aims to accelerate economic growth and promote political and social progress among its members.  The Business Club Forum is ASEAN’s leading business event focused on private sector growth and the acceleration of the organization’s regional agenda. Top executives, entrepreneurs and policymakers from an array of industries gathered to identify barriers and opportunities to the ASEAN Economic Community. Among them, Endeavor’s VP of International Expansion Cindy Ko discussed recent Endeavor Insight research on the growth of Silicon Valley and the impact of “entrepreneurial mafias” in supporting ecosystems of startups and scaleups.

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Endeavor network members with AirAsia’s Tony Fernandes

Serving as an example of Endeavor’s global network, Greece’s Kerstin Trikalitis, co-founder of mobile advertising solutions firm Out There Media, was given the opportunity to present an “Idea Capsule” talk on location-based mobile marketing  strategies. Indonesian entrepreneur Niki Luhur, founder of Kartuku, presented on the cashless payment and digital transaction industry, drawing on his experience developing and promoting Kartuku’s innovate payments network. Endeavor Malaysia’s first entrepreneur and GridMarkets founder Hakim Karim discussed his company’s business model and the untapped potential in the data server sector. In addition to the entrepreneurs who spoke, Endeavor Malaysia Board Member, Forum Chairman and AirAsia CEO Tony Fernandes gave a featured keynote stressing the importance of cooperation between the public sector and private businesses in the region.

Learn more about the 2014 ASEAN Business Club Forum by clicking here and see the links below for videos of each talk.

Endeavor Catalyst Participates in Recent Funding Round for Uruguay’s Scanntech

Endeavor-Catalyst-LogoEndeavor Catalyst recently joined the funding round for Uruguay’s Scanntech, a leading technology platform that connects retailers in emerging markets to consumer products companies, financial institutions and more. Marking Endeavor Catalyst’s seventeenth investment, the Scanntech news demonstrates how innovative entrepreneurial ventures are continuing to attract global interest in the world’s most unexpected markets.

scanntech

Scanntech currently operates in seven countries in Latin America and represents the first Uruguay-based company in the Endeavor Catalyst portfolio.  The firm’s latest investment round included the International Finance Corporation, part of the World Bank Group, Sequoia Capital, an earlier Scanntech investor, and other firms. Entrepreneur Founder and Endeavor Entrepreneur Raul Polakof is revolutionizing the way independent and traditional grocery stores in emerging markets integrate with Consumer Goods Companies. The company’s technology platform connects traditional stores with global consumer products companies, financial institutions and telecommunications firms, and government services.

 “We’d like to thank everyone at Endeavor for making this investment happen,” said Polakof, who has been an Endeavor Entrepreneur since 2001.  “One of our goals has always been to show that entrepreneurs can make an enormous difference in emerging market countries.”  The new investment round will fund further expansion across the region, including Brazil, Peru and Colombia as well as into other emerging markets.

Since joining Endeavor in 2001, Polakof has been an active network member, serving as both a mentor and, formerly, as a board member for Endeavor Uruguay. Raul has received local mentorship from Endeavor’s expert advisors with a particular focus on areas of expansion, litigation, and publicity. As an entrepreneur, he has also participated in numerous global workshops, Immersion Tours and Endeavor Summits. As a company, Scanntech has benefited from a range of Endeavor talent programs including the G-Lab program, EY Vantage program and the eMBA program

About Endeavor Catalyst

Endeavor 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. Learn more about Endeavor Catalyst by clicking here.

Harvard Business Review Highlights the Power of Scale-Ups and The Global Scale Up Declaration

hbrThe Harvard Business Review recently featured an article co-authored by Endeavor President Fernando Fabre and Babson College professor Dan Isenberg that puts the spotlight on impact of scale-up organizations and the entrepreneurs behind them. The article takes a specific look at The Global Scale Up Declaration, an effort formed between Isenberg, Endeavor and top entrepreneurship influencers to offer a rallying point for the discussion around entreprenuership. View, sign and share the Declaration at ScaleUpDeclaration.org and join the conversation with #ScaleUpDeclaration.

In the piece, Isenberg and Fabre emphasize that, despite the buzz around “startups”, the U.S. has experienced a decades long decline in entrepreneurship. Instead, more and more American companies are surviving and growing beyond 16 years. These growing businesses – known as “scale-ups” – represent the kind of long-term entrepreneurship that improves societies, jobs, quality of life, and innovation. Entrepreneurial scale-ups are companies – young or old – which are run and owned by growth-driven leaders, and which at any stage of their lives may launch a new growth trajectory. New startups are easier to count, but they alone don’t have the positive impact on economies that growing a company does. As a result, in advance of November’s Global Entrepreneurship Weekthe Declaration was developed in a coordinated effort to focus more of the entrepreneurship conversation on scale-ups and their positive impacts.

View the full HBR article by clicking here.

 

The Global Scale Up Declaration – Join the #ScaleUpDeclaration Conversation

To accelerate and highlight the scale up conversation, with a group of entrepreneurship influencers, we have developed this Scale Up Declaration, which we offer as a rallying point for what the entrepreneurship discussion should focus on, and what that can accomplish. Sign and share the Declaration today!

 

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