High-Impact Entrepreneurship

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Endeavor Entrepreneurs Star at Ernst & Young World Entrepreneur Conference

Endeavor Partner Ernst & Young hosted their annual World Entrepreneur Conference and World Entrepreneur of the Year Awards program in Monte Carlo June 5 – 7 and a number of Endeavor Entrepreneurs were highlighted during the event.   Three Endeavor Entrepreneurs were winners at the country level for this year’s WEOY competition:  Mario Hernandez of Marroquinera (Colombia): Martin Migoya from Globant (Argentina); Jorge Pacheco from Oxxean (Chile).  In addition, two Endeavor Entrepreneurs — Labib Shalak of Mobinets (Lebanon) and Karina von Baer, an Endeavor Entrepreneur for her original company Oliotop (Chile) — were invited to be part of event panels.  A new part of this year’s program were the Mentoring Great Minds business plan review sessions, where Endeavor Entrepreneurs Gustavo Travasso of MXT (Brazil) and Felipe Valdes of Tiaxa (Chile) met with a group of panelists from EY, former EY Entrepreneur of the Year Winners and Endeavor Board Chair Edgar Bronfman for highly interactive discussions about their business challenges.  Huge thanks to Maria Pinelli and her team from  Ernst & Young Strategic Growth Markets  for their help in highlighting Endeavor at this year’s conference. “It is great to see both companies take advantage of the synergies in their missions – kudos for that, ” said entrepreneur Valdes. “Nothing helps entrepreneurs more than a network of talented and committed people coming together.”

 

Endeavor Entrepreneurs Cited as Leaders in New Wave of Latin E-commerce

Rapid growth in internet access across Latin America is leading to a host of new business opportunities in e-commerce and payments across the region.  That is the conclusion of a recent article in British newsletter Pathfinderbuzz.  Reporter Freddie Dawson cites a number of recently selected Endeavor companies providing online services as well as alternative payments providers including AstroPay, Buscalibre, ConexredPagosonline, PedidosYa and Restorando.  Read more here.

Egyptian Entrepreneur Amr Shady profiled in UK’s Entrepreneur Country magazine

Endeavor Entrepreneur Amr Shady, founder and CEO of T.A. Telecom, was recently profiled in Entrepreneur Country, a British magazine that identifies successful global entrepreneurship success stories.  Author Jonathan Simnet, a senior advisor at Ariadne Capital, notes that Shady was quick to identify that mobile operators across the Middle East would need help developing content.  To read the article, click here.

The article is the latest to highlight Amr’s achievements.  Shady became an Endeavor Entrepreneur in 2011 and has since been a model for fellow MENA entrepreneurs in the Endeavor Network.  A frequent attendee of Endeavor ISPs and tours, Amr also has benefited from the services of an Ernst & Young Intrapreneur (arranged by Endeavor) and attended the inaugural session of the Endeavor Stanford Leadership Program in 2012, a one week course at the Stanford GSB in Palo Alto specifically geared to Endeavor Entrepreneurs.

 

Endeavor Network Convenes in San Francisco for June Summit. Last chance for network registrations!

Over 300 members of the Endeavor network are expected to in San Francisco later this month for Endeavor’s 5th Endeavor Entrepreneur Summit.  The June 19 – 21 Summit promises to be a great networking event as well as a chance to hear from some amazing speakers.

The all-star line-up includes:

Jack Dorsey, Co-founder & Chairman, Twitter; Co-Founder & CEO, Square.

Ben Horowitz, Co-founder & General Partner, Andreessen Horowitz. Voted VC of the Year in 2011, Horowitz is widely considered one of the leading serial entrepreneurs turned investors in Silicon Valley.

eBay President & CEO John Donahoe. In 2012, Donahoe oversaw eBay in enabling $175 billion of commerce in 2012 (roughly 18% of all e-commerce worldwide).

SurveyMonkey CEO Dave Goldberg, who has raised over $450 million in equity financing for the world’s largest survey company.

  • Bain & Company Partner and acclaimed business writer Chris Zook, who has been named one of the top 50 business thinkers by The Times of London.

 

Other notable confirmed speakers include company culture guru Jenn Lim (Zappos, Delivering Happiness); tech entrepreneur and sustainable food & agriculture angel investor Ali Partovi (Code.org, invested in Farmigo and Bright Farms); Cowboy Ventures founder and Kleiner Perkins Caufield & Byer partner Aileen Lee (also a former exec at the Gap, Odwalla and NorthFace); Jawbone co-founder & CEO Hosain Rahman; former Google exec and U.S. Navy officer Roy Gilbert; and Mitch Freefounder of MFG.com, the leading online marketplace for manufacturing products; and Alex Asseily, Jawbone co-founder and State Founder and Executive Chairman.

Attendees can also expect:

• Exclusive “fireside chats” with long-time Endeavor supporters Fadi Ghandour, Wences Casares, Chris Schroeder, Gina Bianchini, John McIntire, and Andres Moreno of Open English

Small-group “hot topic” sessions with Endeavor Global Board Member Nick Beim; Amazon.com SVP International Diego Piacentini (a smash hit in his session at the 2011 Summit); Y Combinator Partner Geoff Ralston and a dozen others

In-depth workshops led by SAP’s design thinking team; Patrick van der Pijl, CEO of Business Models, Inc and producer of Business Model Generation; and the team behind “Delivering Happiness

Endeavor Entrepreneurs who registered earlywill also join 20+ of Silicon Valley’s leading venture capital investors during a June 19th gathering of the Endeavor Investor Network (scheduled to take place just before the Summit kicks off). To register, click here.

General registration is now closed but there are a few limited spots left for entrepreneurs and international network members who have confirmed with affiliates but failed to register.   Register today!

 

Chilean TV Show Brings Endeavor Stories to Life: Arch Daily, Buscalibre and Prey Among Highlighted Companies

This past weekend marked the launch of Demprendedores, broadcast on CNN Chile and Vive TV Chile, an 8-part series that looks at the challenges and successes of five Chilean tech entrepreneurs. Three of the five are Endeavor companies including ArchDaily, Buscalibre and Prey Project. Another featured company, Maker Space, is the second venture for Tiburcio de la Carcova, who became an Endeavor Entrepreneur with his original company Atakama Labs. The fifth company, Mediastream, was a candidate at Endeavor’s recent International Selection Panel in Buenos Aires. Each of the episodes, broadcast weekly, looks at the five companies and founding entrepreneurs from a different focus. Following an introduction to each company’s products/services, the show looks at themes including marketing, founding vision, successes, failures and social responsibility.

To see a preview (in Spanish) of Demprendedores, click here or view the video below.

 

 

Conexred Entrepreneurs Buy Geelbe, the First Latin American Online Private Shopping Club

With this purchase, Endeavor Entrepreneurs Andrés Albán and Mauricio Hoyos demonstrate their commitment to bringing e-commerce to the base of the pyramid in Colombia.

Andrés Albán and Mauricio Hoyos were selected to be Endeavor Entrepreneurs in 2012 for their technology-based company, Conexred, which uses PUNTORED – its electronic network of more than 40,000 points-of-sale with coverage in 760 municipalities – to provide payment, collection, and distribution services for virtual goods.

Albán and Hoyos are now expanding their activities in Colombia with the purchase of Geelbe, the first Latin American online private shopping club. Geelbe was founded in Colombia in 2010 and has succeeded in transforming the business into a model for ecommerce in the country. For Albán, the Geelbe purchase is a strategic move for both companies: “We see an interesting growth dynamic in Colombian e-commerce and believe that part of that success involves effectively reaching the country’s unbanked population, which is estimated to be more than 40% of Colombia’s population. We believe that we can reach a greater number of customers by focusing on and structuring innovative credit and promotional tools, as well as new means of payment, to enable Geelbe to expand its customer base.”

According to Geelbe Colombia’s General Manager, Juan José Cabal: “This capitalization marks a milestone in Geelbe’s history. It was clear to us from the outset that we needed investors that had an entrepreneurial background so that they could use their business experience and best practices to accelerate the growth of our company.”

Serial entrepreneurs Andrés and Mauricio have not only been responsible for the exponential growth of Conexred, but also the growth of the companies in which they have invested: Brainwinner, a software development company, and Cellvoz, a pre-paid Internet telephony service provider. Exemplifying the multiplier effect of Endeavor in Colombia, the Conexred entrepreneurs continue to search for opportunities to invest in the tech sector, in the financial sector, and in high-impact, social enterprises that provide services or products to the base of the pyramid.

 

17 High-Impact Entrepreneurs Selected at Buenos Aires Panel: Endeavor Reaches 500th Company Milestone

Endeavor selected 17 High-Impact Entrepreneurs from 11 companies from Argentina, Brazil, Chile, Colombia, Greece, Mexico, South Africa and Uruguay at its 48th International Selection Panel. Endeavor now supports 801 High-Impact Entrepreneurs from 500 companies in 15 emerging and growth market countries. The entrepreneurs were chosen at a panel held from May 6-8 in Buenos Aires, Argentina.

“It’s exciting to have so many new companies join the Endeavor community,” said Endeavor Co-founder and CEO Linda Rottenberg. “And it’s very special to have an ISP held in the birthplace of Endeavor, where some of our greatest entrepreneurs have come from!”

The International Selection Panel (ISP) is the culmination of a rigorous multi-step selection process. At the ISP, top local and international business leaders interview candidates about their businesses and high-impact potential, and then vote on whether or not candidates become Endeavor Entrepreneurs. Post-selection, Endeavor provides entrepreneurs with customized services, including introductions to local and international business mentors and volunteers from Fortune 500 consulting firms. Endeavor Entrepreneurs have had a significant track record of creating thousands of jobs and building sustainable growth models in their home countries.

Endeavor will host three additional International Selection Panels this year: Johannesburg, August 2013; Palo Alto, CA, October 2013 and Dubai, UAE, December 2013.

 

Brief descriptions of the selected entrepreneurs and companies follow:

 

Argentina

Entreprenuer: Ariel Gesto

Company: InvGate (www.invgate.com)

Description: InvGate develops software for IT infrastructure management that allows medium-to-large enterprises to configure, monitor and manage all of their IT assets remotely, as well as centralize IT help requests. By incorporating the latest trends in Web 2.0, gamification and social networking, InvGate is able to deliver an innovative and user-friendly interface.

 

Entrepreneurs: Luis Robbio, Alejandro Robbio, Federico Robbio

Company: Belatrix Software SA (www.belatrixsf.com)

Description: Belatrix provides software innovation and quality assurance services to firms across multiple industries in North America and Europe. Belatrix is engaged by customers to co-innovate with them, ideate, design, and develop custom software products and to ensure that existing software products perform as expected. Belatrix hopes to lead the trend as IT outsourcing moves away from India: the company has operations in Argentina, Peru, and the US.

 

Brazil

Entrepreneur: Darci Schneid

Company: Sirtec (www.sirtec.com.br)

Description: SIRTEC builds and maintains electrical networks for power utilities in Brazil, ensuring that the electrical providers meet key performance indicators related to frequency and duration of energy disruptions. With 900 employees, SIRTEC currently services three large utilities in Rio Grande do Sul (RS), providing third party implementation, repair, and transmission services

 

Entrepreneur: Jamie de Paula

Company: Neoway (www.neoway.com.br)

Description: Neoway’s proprietary Market Intelligence Software (SIM) accesses and analyzes large, publicly available databases in Brazil, aggregating the relevant information for customers to generate business leads. Neoway’s software can isolate information across a variety of key market factors with intuitive data visualization outputs. Currently, Neoway’s core client base spans the healthcare, construction and oil and gas sectors.

 

Chile

Entrepreneur: Pablo Godoy

Company: Inzpiral (www.inzpiral.com)

Description: Inzpiral is a BI software solution company consisting of three product platforms, each compiling, consolidating and analyzing large data sets for the optimization of pricing and distribution strategies. Inzpiral’s solutions primarily apply to the Retail/CPG market, however, Pablo has also proven his platform’s value to mining and telecommunications customers. Operating solely in Chile, Inzpiral is set to expand to Peru in 2014 and has managed to maintain a 100% client retention rate with some of Chile’s largest retail and CPG companies.

 

Colombia

Entrepreneurs: Juan José Mesa, Andrés Angel

Company: Glüky Group (www.gluky.co)

Description: Glüky provides corporations with the technology, strategy, and operational capacity to design and implement incentives programs for employees, sales channel partners, and clients. Its new cloud-based platform, the Glüky Network, harnesses the power of social networking features to provide clients with a robust platform to recognize, reward, and effectively motivate their employees and partners.

 

Greece

Entrepreneur: Christos Papadimitriou

Company: Papadimitriou (www.papadim.com)

Description: Papadimitriou is a family business founded in 1939 in Kalamata to export currants from the Pelopponese region of Greece. In the late 1990′s, Papadimitriou transformed to become a producer of all-natural balsamic vinegars and mustards in unique Mediterranean flavors, all derived from currants. Today it sells these value-added products in major supermarkets in Greece, where it is the balsamic vinegar market leader, as well as in 28 export markets.

 

Mexico

Entrepreneur: Juan Carlos Guerra

Company: Eco-Klin (www.ek.com.mx)

Description: Eco-Klin offers Mexican auto shops nationwide an integrated, environmentally friendly solution for their waste management needs. This consists of auto parts washing machine service, used oil collection, and hazardous waste collection. Clients receive credits for each liter of used oil collected, which can be used to defray the cost of the other services. Eco-Klin then sells the collected oil to re-refineries at a significant profit.

 

Entrepreneurs: Alejandro Cuervo, Arturo Macip

Company: IPETH (www.ipeth.edu.mx)

Description: IPETH, a new university based in Puebla, Mexico, offers bachelors degrees in physical therapy and primarily targets low-income students who would not normally enroll in a four-year degree program. The university focuses on providing world class instruction and solid employment opportunities for alumni. IPETH is now expanding with a new campus in Mexico City and new undegraduate and post-graduate degree programs, and plans to rapidly scale its enrollments over the next few years.

 

South Africa

Entrepreneurs: Dennis Marketos, Paul Marketos

Company: Metrix Software Solutions (www.isometrix.com/index.php)

Description: In a global regulatory environment that is becoming increasingly standardized and stringent across industries, companies are at risk of irresponsible corporate practices and violating industry requirements for which they can be heavily fined. Metrix Software Solutions offers evaluation tools that review governance, risk management, and compliance (GRC) status in real-time and display it for company personnel in a user-friendly, fully-customizable dashboard. Metrix first launched its proprietary GRC software product, IsoMetrix, in the mining sector in South Africa, and has since expanded across industries and geographies.

 

Uruguay

Entrepreneurs: Sergio Fogel, Andrés Bzurovski

Company: AstroPay (www.astropay.com)

Description: AstroPay enables international ecommerce websites to accept local payments from Latin America. Through its innovative platform, AstroPay addresses the three fundamental problems facing the Latin American e-commerce consumer: it provides a payment method for those without an international credit card, protects against phishing and identity theft, and prevents purchases from being rejected because of the merchant company’s regulations.

 

President Obama meets with four Endeavor Mexico Entrepreneurs

Endeavor Mexico nominated four Endeavor Mexico Entrepreneurs to participate in a roundtable conversation on entrepreneurship with President Barack Obama during his visit to Mexico City in early May.

Over two days, President Obama met with President Peña Nieto on a range of issues that affect the nations’ relationship, including security, government reform, and the importance of job growth and entrepreneurship.  “I also want to work with the Mexican government,” President Obama said in a speech at the Anthropology Museum, “because I believe that the long-term solution to the challenge of illegal immigration is a growing and prosperous Mexico that creates more jobs and opportunities for young people here.”

During the roundtable conversation, Endeavor Mexico Entrepreneurs, Enrique Gómez Junco (Optima Energia), Alfredo Suárez (AliBio), Moís Cherem (Enova) and Gabriel Manjarrez (Micel) spoke with Obama and his team about the challenges and opportunities they face as entrepreneurs. They also praised the work Endeavor is doing to build support networks for entrepreneurs in Mexico and around the world.

“This event was really unique,” Enrique Gómez said. “It is the first time in our history that our governments focus their attentions in develop entrepreneurship as the main tool to help Mexico develop faster.”

 

Endeavor Egypt Entrepreneur Launches Magazine

Endeavor Egypt entrepreneur Yasmine Shihata launched an Arabic version of her successful English-language lifestyle and business magazine, Enigma. The new regional magazine is called Enigma Star, and fittingly, a coterie of Arab movie stars – including TV satirist and talk show host Bassem Yousuf – gathered in Dubai for the launch party. At the party, Yasmine, who was selected by Endeavor last year, was recognized as one of the most active women in the Middle East.  

Enova CEO Wins Schwab Foundation Social Entrepreneur of the Year Award

Endeavor Mexico Entrepreneur Mois Cherem was one of three winners of the 2013 Schwab Foundation Latin America Social Entrepreneur of the Year Awards. He received the honor yesterday in Lima, Peru, at the World Economic Forum on Latin America – in the presence of President Ollanta Moises Humala Tasso of Peru; President Ricardo Martinelli of Panama and President Enrique Peña Nieto of Mexico.

Mois is one of three founders of ENOVA, which designs, builds and operates small, cost-effective digital learning centers in Mexico, known as RIA (Red de Innovacion y Aprendizaje). Because of ENOVA’s advanced technologies and well-trained facilitators, RIA is the biggest network of digital education centers in Mexico, where only 13% of students graduate from college. With 70 centers, ENOVA has approximately 235,000 registered members and 9,000 new students per month. Mois and ENOVA was also featured in our “Impact is Endeavor” video.

 

 

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