On May 15th, Endeavor held a Youth Impact Advisory Session & Education Tour, a day-long event in New York sponsored by Barclays and geared towards Endeavor Entrepreneurs working in the education sector. Representatives from five Endeavor Entrepreneur companies participated, including ASK for Human Capacity Building, Campoalto, Enova, IPETH, and Lumni. With a focus on youth and underprivileged communities, the work of these entrepreneurs provides a range of training and educational services. Combined, their businesses employ over 650 people and serve nearly 200,000 individuals across Latin America, the U.S. and the Middle East.
The day began at Barclays’ offices in Times Square with the inaugural Barclays-Endeavor Youth Impact Advisory Session. Each Endeavor company was paired with a team of 4-6 senior executives from Barclays who provided strategic advice and guidance to address each company’s specific challenges in strategy, finance, operations and processes. In the afternoon, the entrepreneurs participated in networking sessions and discussions with one another, finding ways to foster collaboration and improve their own business operations.
Guest speaker Jeremy Johnson, Chief Strategy Officer at 2U, offered insight into how online programs and technologies are changing the education space in both the U.S. and abroad. Carlos Dominguez, the Senior Vice President, Office of the Chairman and CEO at Cisco Systems, also stopped by to discuss innovation, organizational culture, and methods for adapting to the rapidly changing conditions of the industry. In addition, Endeavor partnered with a team from the Concordia Summit during the day to co-host a live Twitter conversation with Carlos, which engaged Endeavor Entrepreneurs and Twitter users around the world to address key issues facing the education sector. View highlights of the digital conversation by clicking here.
“It was an amazing and insightful day, the discussions in the morning with Barclays and afterwards with Jeremy and Carlos,” said entrepreneur Amin Amin of ASK. “Many thanks to the Endeavor team for all of the hard work in making this happen and for providing these amazing opportunities to all of us.”
The entrepreneurs who attended represent a range of educational services and products. Learn more about their companies below:
Founded by Amin Amin, the Jordan-based ASK (Attitude, Skills and Knowledge) for Human Capacity Building develops innovative programming and offers consulting services with a special focus on education. Realizing that the biggest challenge to development in the region was the lack of human capacity, Amin’s focus on bridging the missing link between education and employment has made his organization a pioneer in the sector. With the support of a USAID-funded Education Reform Support Program (ERSP), the company is responsible for implementing the Jordan Schools Program (JSP) with operations continuing to expand throughout the Middle East. Since joining Endeavor in 2009, Amin has been active in the network, notably participating in Endeavor Summit and Investor Network events.
Colombia’s Campoalto, founded by Hugo Fernando Novoa, Alvaro Hoffmann, and Andrés Angulo, focuses on providing training in various professions to low-income students, particularly disadvantaged women. The company operates campuses across Colombia, including a fully-equipped clinical facility, and offers flexible schedules and an affordable pay-as-you-go model. The company’s team has expanded to over 16 different training programs, becoming the first institution in Colombia to be accredited in a new sector of government-regulated education. After joining Endeavor in 2010, the entrepreneurs have received custom advisory sessions from local mentors as well as support from Endeavor’s G-Lab program.
Enova is a social enterprise in Mexico that designs innovative educational models and spaces, with the mission of bringing accessible technology to low-income communities in order to close the digital divide. The organization designs, builds and operates cost-effective and sustainable educational centers called the “RIA” which provides populations in marginalized neighborhoods with access to community spaces where they can take courses, use computers and more. Enova’s e-learning courses have been made available to both children and adults and teach a wide range of subjects and skills. Founders Jorge Camil, Raúl Maldonado and Mois Cherem Arana joined the Endeavor network in 2011 and have participated in custom mentoring sessions while also receiving support from Endeavor’s eMBA and EY Vantage programs.
IPETH, founded by Arturo Macip and Alejandro Cuervo Guevara, is a university based in Puebla, Mexico that offers bachelors degrees in physical therapy and primarily targets low-income students who would not normally be able to enroll in four-year degree programs. The university focuses on providing world class instruction and solid employment opportunities for alumni, expanding to campuses in Mexico City and developing programs at undergraduate and post-graduate degree levels. Since the entrepreneurs were selected in 2011, the company has connected with advisory board members and received introductions to top mentors, receiving strategic guidance on their expansion plans.
A venture capital fund that invests directly in human capital, Lumni finances education for students in exchange for a small fixed percentage of their future income over a pre-set time period. Founded by Colombian entrepreneur Felipe Vergara, the firm currently operates in Colombia, Chile, Mexico, Peru and the U.S. Since joining Endeavor, Felipe has grown Lumni to support thousands of students, with significantly low dropout and default rates. Lumni’s investors include individuals and corporations, with current and forthcoming capital funds totaling in the millions of dollars. A Wharton MBA and former consultant who has long been passionate about reducing the education gap, Felipe has grown Lumni’s innovative model since his selection in 2009 with the support of a team of local mentors and network members.