High-Impact Entrepreneurship

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Endeavor Investor Network Convenes Over 120 Entrepreneurs and Investors in NYC

Investor network LogoOn May 5th, the Endeavor Investor Network convened growth market leaders in New York City for a day of networking and learning. The invitation-only event gathered over 120 participants including Endeavor Entrepreneurs and leading investors from 22 markets.

The theme of this gathering was “Growth Market Unicorns, Narwhals and other rare Entrepreneurial Creatures: A guide to building million (and billion) dollar companies in markets you might not expect.” The aim of the event was to demonstrate that amazing companies can come from anywhere by showcasing entrepreneurial success stories from emerging markets.

The day started off with an entrepreneur-only session led by seasoned venture investor Scott Booth (Eastern Advisors), who discussed the “10 Things all Entrepreneurs Should Know About the Fundraising Process.”

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Endeavor Entrepreneur Martin Migoya leading a session

This was followed by a series of TED-style talks by all-star founders Mark Chang (Jobstreet, Founder & CEO), Martin Migoya (Globant, Co-founder), and Arda Kutsal (Webrazzi, Founder & CEO). All three speakers shared their inspiring stories of building million (and billion) dollar companies in Southeast Asia, Latin America and Turkey, respectively.

“This is our largest Endeavor Investor Network gathering ever,” noted Beth Robertson, the manager of the Investor Network program based in Endeavor’s San Francisco office. “The demand from top-tier venture capital and growth equity firms shows a real interest in these markets from some of the world’s best investors.”

Following lunch at the Bryant Park Grill, over 500 formal speed-networking connections were made during two hours of one-on-one conversations between Endeavor companies and investors. Participating investors included General Atlantic, GE Ventures, Riverwood Capital, The Abraaj Group, Warburg Pincus, Stripes Group, IFC and Bessemer Venture Partners, among others.

During the closing cocktail, attendees heard from three entrepreneurs who are poised to become industry leaders and role models, including Sina Afra (Markafoni, Co-founder), Niki Luhur (Kartuku, Founder & CEO), and Paulo Antunes Veras (99 Taxis, Founder & CEO).

The event was a great success and left participants feeling inspired and optimistic about the tremendous opportunity present in emerging markets.

View the event booklet here for a full agenda and list of participants. To learn more about upcoming Investor Network events, click here.

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Investor Network participants

2015 Endeavor Entrepreneur Retreat Brings Together Nearly 300 Members of the Network

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The invitation-only 2015 Endeavor Entrepreneur Retreat took place from Wednesday, May 6th – Friday, May 8th in Westchester County, New York. The Retreat offered an emphasis on peer-to-peer learning as well as a mixture of keynote speakers, site visits to Fortune 500 companies, industry breakouts, and intensive workshops focused on business development topics geared towards Endeavor Entrepreneurs. Nearly 300 members of the network convened for the event to celebrate the power of high-impact entrepreneurship.

Pre-Retreat Visits

On May 5th and 6th, a series of pre-Retreat visits allowed select groups of entrepreneurs to visit and learn from executives at major corporations, including IBM’s World of Watson, Barclays, Google, PepsiCo and EY. The topics of focus ranged from talent management to product design to transaction readiness, giving participating entrepreneurs an in-depth look at strategies for corporate innovation and growth.

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The mainstage during Daniel Lubetzky’s fireside chat

Keynotes

The Retreat featured a number of world-renowned executives, entrepreneurs and thought leaders who took the main stage in keynotes, panel discussions and fireside chats.

On day one, American Express CEO Kenneth I. Chenault was interviewed by Endeavor co-founder Linda Rottenberg about leadership and the future of the payments industry, discussing how his career path took him from the consulting world to the top of the Fortune 500. In the chat, Chenault addressed how he proved himself to be a “skunk”, or intrapreneur, at American Express by turning the century-old institution into a modern, democratic and digitally-competitive brand. Best-selling author and entrepreneur Seth Godin then took the stage to address rule-breaking in the marketing world and explore strategies for approaching advertising that could authentically engage consumers. Drawing from theories put forth in his 18 best-selling books, Godin prodded entrepreneurs in the audience to think outside of the box when approaching client and consumer engagement.

Day two brought Unilever VP of Global Media Innovation & Ventures Babs Rangaiah to discuss how he manages marketing and media activities for the company’s portfolio of CPG products sold across 190 countries. Addressing the concept of a #BrighterFuture for marketing, he discussed case studies of Unilever campaigns and how his team works to disrupt the advertising space. In a subsequent fireside chat, General Assembly co-founder Brad Hargreaves sat down with Open English’s John McIntire to discuss the future of the workforce, particularly in emerging markets where access to skills training and education are limited. The pair explored the possibilities for alternative education platforms to empower people all around the world with actionable skill sets.

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Vinny, Martin and Leila during their entrepreneur panel

An afternoon panel brought together top Endeavor Entrepreneurs to share their high-impact stories and discuss the importance of multiplying their impact. South Africa’s Vinny Lingham (Gyft), Argentina’s Martin Migoya (Globant) and Brazil’s Leila Velez (Beleza Natural) were interviewed by Endeavor President Fernando Fabre about their experience as entrepreneurs, the impact of joining the Endeavor network, and what it means for them to give back to their communities. The next panel brought representatives from key corporate partners including AXA, SAP, Facebook and P&G in a discussion about global corporate development and growth, which was moderated by Endeavor Entrepreneur Mariano Suárez Battán (Mural.ly).

The final day started off with a fireside with Gilt Groupe’s Kevin Ryan and Endeavor Global Board Member Nick Beim. The chat revolved around investments and how the pair discerns the potential in entrepreneurs that they place their bets on. They also addressed failure and what happens when investments go south. Following them was New York Times reporter and Pulitzer Prize winner Charles Duhigg, who drew on themes from his best-selling book The Power of Habit to explain how business leaders can shake up their routines and instill innovation in both work and life. He also delved into case studies of big brands and how they target and leverage consumer habits. The final keynote of the day brought Endeavor Global Board Chairman Edgar Bronfman Jr. and KIND Snacks founder Daniel Lubetzky to the stage to talk candidly about why social impact and community give-back is important. Lubetzky provided anecdotes from his personal family history and heritage to explain why he was inspired to build a socially-conscious brand to inspire future generations.

Breakout Sessions, Workshops and Roundtables

By attending smaller workshops and “hot topics” sessions, attendees benefited from personalized coaching and advice – in a sense, small “team meetings” – with some of the best entrepreneurial minds in the Endeavor network.

The Retreat kicked off with a number of industry breakouts that served as “ice breaker” networking sessions, which divided participating entrepreneurs by their company’s industries in a meet-and-greet format. The entrepreneur-led roundtables on the second day were helmed by a number of Endeavor Entrepreneurs from around the world, who moderated group discussions touching on topics that included social media, talent management, employee culture, leadership and more. The final day’s workshops were lead by Endeavor mentors who provided a high-level perspectives and furthered conversations about talent, branding, innovation and much more.

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Endeavor Entrepreneur Sally Buberman leading a roundtable

Endeavor Awards

The Retreat closed with an awards ceremony – with awards sponsored by EY, Barclays and Omidyar Network – that honored the most high-impact entrepreneurs and companies in the network. Read more about the Awards by clicking here.

Social Media Highlights

The offline conversations also went online with the hashtags #EndeavorRetreat and #EE2EE, as entrepreneurs shared their thoughts and connections via social media. Over 700 tweets engaging users from nearly 10 countries used the hashtags over the three-day event. Take a look at some of the highlights below.

2015 Endeavor Entrepreneur Awards

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During the 2015 Endeavor Entrepreneur Retreat, a closing ceremony honored entrepreneurs in the network that have made a substantial impact on Endeavor and in their own communities. The following are a list of awards and honorees.

– The Ecosystem Impact Award was given to Turkey’s Nevzat Aydın and Melih Ödemiş (Yemeksepeti) for having the greatest impact on their local entrepreneurship ecosystem by building a scalable and sustainable enterprise. Their food delivery platform was acquired for a record $589 million this year.

– The Reinvestment Award was given to Lebanon’s Herve Cuviliez (Diwanee/Leap Ventures) for making the largest reinvestment in the local community through his media company and MENA-focused venture fund.

– The Barclays Direct Social Impact Award went to Jordan’s Amin Amin (ASK for Human Capacity Building) for having a direct influence in improving the lives of people in the MENA region through his education platform.

– The EY Scaleup Award was given to Brazil’s Mario Chady and Eduardo Ourivio (Grupo Trigo) for employing the most people and earning the most revenue in 2014 through their chain of fast food restaurants.

– The Omidyar Network-Endeavor High-Impact Company of 2015  Award was given to Argentina’s Martin Migoya, Guibert Englebienne, Néstor Nocetti and Martin Umaran (Globant) for having the greatest impact across job growth, revenue growth, ecosystem growth and entrepreneur give-back. Their technology company went public on the NYSE in 2014.

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Globant accepting their Award with Endeavor Argentina network members

Endeavor Announces Partnership with AXA to Provide Support and Mentorship for Entrepreneurs

axa-group_416x416AXA and Endeavor are announcing a strategic partnership to support Endeavor’s network of over a thousand entrepreneurs in growth markets around the world. This partnership will help Endeavor as it continues to select and mentor high-impact entrepreneurs and foster long-term, sustainable growth in emerging and growing economies worldwide.

This strategic partnership covers a broad field of activities:
– AXA will directly sponsor selected networking events hosted by Endeavor,
– AXA will be introduced to scale-up businesses by Endeavor,
– Through the AXA Hearts in Action program, the Group’s executives will volunteer to mentor entrepreneurs from emerging economies.

“I am very pleased to have Endeavor as an exclusive partner to AXA especially since I think our respective missions are highly complementary. AXA exists to protect people against risks and has a responsibility to help build a safer and stronger global society. Endeavor’s mission is to lead high-impact entrepreneurship in emerging and growth economies which protects people from unemployment and directly helps build economies. This partnership will enable both organizations to help each other to achieve these objectives,” said Frédéric Tardy, Chief Marketing and Distribution Officer of the AXA Group.

“I feel this is the start of something special. AXA’s multi-year commitment across different departments to Endeavor will help us achieve our goals together more efficiently. I am very much looking forward to welcoming AXA to the Endeavor network and to bringing the benefits of this partnership with a large global financial services company like AXA to our network members,” added Fernando Fabre, President of Endeavor.

Endeavor has a long history of successfully bringing scale-up entrepreneurs from emerging and growth economies together with interested investors. Through its wide global network, Endeavor companies have raised over $532m of equity capital and have contributed to the creation of over 400,000 high-quality jobs in emerging economies.

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AXA CMO Frédéric Tardy and Endeavor President Fernando Fabre

eMerge Americas Event in Miami Spotlights Stories of Endeavor Entrepreneurs

emerge-550x400During the first week of May, eMerge Americas brought a number of global thought leaders to Miami, FL to discuss how technology and innovation are disrupting industries. The conference serves as a platform to connect entrepreneurs, cutting-edge ideas, and industry leaders and investors across North America, Europe, and Latin America. This year’s event featured a number of entrepreneurs in the network as well as a panel hosted by Endeavor Miami

The five day event consisted of a number of networking and tech-focused competitions, workshops and keynotes, including a hackathon, startup showcase, women-focused summit, and more.

Highlights from the Endeavor network during the week include:

– Endeavor Miami Managing Director Laura Maydon joining a panel about game changing women and exploring the ways in which female entrepreneurs and leaders are transforming the landscape of technology.

– Endeavor Entrepreneur Michael McCord, founder of education platform LearnerNation, discussing strategies for motivating the millennial workforce with a particular focus on on-boarding and training young employees.

– An Endeavor panel featuring Endeavor Entrepreneurs Anabel Perez (Miami’s Novopayment), Sebastián Valin Acuña (Chile’s ComparaOnline) and Emiliano Kargieman (Argentina’s Satellogic) moderated by Endeavor Miami Board Co-Chair Adriana Cisneros, which highlighted high-impact entrepreneurship and the power of the Endeavor network.

– An interview with Endeavor Entrepreneur and Globant CEO Martin Migoya, who addressed taking his company public, strategies for scaling up, and the impact of Endeavor globally.

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Entrepreneurs during the Endeavor panel at eMerge

Endeavor Holds Inagural Endeavor Investor Summit – Southern Cone in Buenos Aires

Investor network LogoThe Endeavor Investor NetworkEndeavor Argentina and Endeavor Uruguay collaborated on the first Endeavor Investor Summit – Southern Cone event in April, gathering a network of high-impact entrepreneurs and investors from across Latin America. Thirty investors from seventeen funds and six countries attended the day-long event in Buenos Aires.

Kicking off with an investor roundtable and session on raising capital, the event also consisted of speed-networking sessions between entrepreneur companies and equity partners, culminating in a networking cocktail reception. Thirty entrepreneurs from Endeavor’s network across Argentina, Chile, Peru and Uruguay attended in order to meet with investors representing Argentina, Brazil, Chile, Uruguay, the U.S. and Hong Kong.

 

The morning began with a panel which examined the regional economy and opportunities for investment across Latin America, with a particular focus on raising capital and empower entrepreneurs. The main activity of the day consisted of a speed-networking session in which 45 one-on-one meetings were held between investors and entrepreneurs. Each investor sat with 11 companies, while each entrepreneur had the chance to speak with nearly 10 funds in sessions lasting around 10 minutes.

The Investor Summits are events organized by Endeavor around the world that seeks to support entrepreneurs in the fundraising stage by providing unparalleled access to global investors. It is hosted five times a year across Latin America, Asia and North America.

Learn more about the Southern Cone event by clicking here. See photos from the event by clicking here.

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Endeavor staff, entrepreneurs and network members at the Investor Summit

Kravis Prize Awards Ceremony Honoring Endeavor Features CEO Linda Rottenberg and Endeavor Entrepreneurs

Kravis-Prize-logoOn April 23, Claremont McKenna College hosted the tenth annual Kravis Prize Award Ceremony, honoring Endeavor and acknowledging the organization’s impact on the state of entrepreneurship worldwide. Endeavor CEO and co-founder Linda Rottenberg shared insights on Endeavor’s work over the past 17 years and select Endeavor Entrepreneurs participated in a panel discussing their entrepreneurial journeys.

Held on the campus of Claremont McKenna College, the ceremony marked the tenth year of the Henry R. Kravis Prize in Nonprofit Leadership, but also celebrated the 20th anniversary of the Kravis Leadership Institute, one of CMC’s eleven research institutes. The Kravis Prize dinner, attended by members of the student body, faculty, staff, and Board of Trustees, along with past Kravis Prize winners, was a celebration of the impact of the Prize, the Leadership Institute and Endeavor.

The night also featured remarks by Claremont McKenna College President Hiram Chodosh and Chair of the Selection Committee Marie-Josee Kravis, who introduced Endeavor as the 2015 recipient. Mrs. Kravis spoke about the evolution of the Kravis Prize and how the award has touched the lives of 700 million people across the globe. Her speech mentioned the importance of empowering communities through healthcare, education, sports, and mentorship.

Linda Rottenberg remarked on the large impact Endeavor has had and on the importance of being recognized by the Kravis Prize. Rottenberg’s speech highlighted the story of Endeavor Entrepreneur Leila Velez, who came to Endeavor with a dream of beginning a haircare business ten years ago. Today, her company Beleza Natural operates 26 salons and employs over 1,000 people. Rottenberg also addressed the importance of entrepreneurship in inspiring economic and social growth, and how Endeavor has managed to find and support over a thousand high-impact entrepreneurs across the 23 markets where it operates.

Endeavor Entrepreneurs Zafer Younis, co-founder of Jordan’s The Online Project, and Alex Torrenegra and Tania Zapata, founders of Colombia’s Bunny Inc., also participated in a session celebrating high-impact entrepreneurship, sharing insights on what it takes to launch a enterprise and the value of collaboration. The session cited examples from Endeavor’s network and the role the organization plays as a catalyzer and curator of a global community of entrepreneurs.

The evening celebration ended with closing remarks by Henry R. Kravis ’67. Mr. Kravis not only spoke about Endeavor, but also about all the previous recipients of the award. He stressed the importance of metrics in measuring the impact the organization has on the community it supports.

Learn more about the event and honor by clicking here.

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Linda Rottenberg with Henry R. Kravis and Marie-Josée Kravis © 2015 Claremont McKenna College. Photo by William Vasta.

Endeavor Entrepreneurs Spotlight Youth Employment at EY Strategic Growth Forum in Rome

ey_logo_detail copyAt EY‘s first pan-Mediterranean Strategic Growth Forum in Rome, nearly 600 business executives, government leaders and entrepreneurs from across the globe came together to discuss the region’s business and investment potential. The two-day event included panel discussions with Endeavor Entrepreneurs Mostafa Abdel Moneim and Emrah Kaya, who highlighted the importance of job creation and youth employment to the region’s economy.

EY, an Endeavor global partner, hosts SGFs annually in key markets around the world. The Mediterranean forum had an inspirational line-up of speakers — from Maria Elena Boschi, Italian Minister of Constitutional Reforms and Relations with Parliament; to Steve Stathis Tzikakis, Senior Vice President and General Manager for SAP South Europe, Middle East & Africa; to José Manuel Barroso, President of the European Commission.

During the event, keynote speakers, workshops and panels highlighted various challenges and opportunities for the region. Mostafa, CEO of Egypt’s Al Sagheer Group, and Emrah, co-founder of Turkey’s Youtholding, participated in a plenary session that put a spotlight on tackling the region’s high youth unemployment rate, which currently hovers over 30 percent. Leveraging the power of entrepreneurship could be key to creating job opportunities for the region’s youth, which will ultimately be the biggest driver of economic and social growth.

Selected into the network in 2014, Mohamed Abdel Moneem founded Egypt’s Al Sagheer Group to jump-start Egypt’s beauty services industry. Operating beauty services centers in Egypt, Dubai, UAE, Qatar and beyond, the centers provide an expansive offering of treatments for hair and beauty across demographics and ages. Al Sagheer Group also imports beauty products from premium brands like Guarani, Chanel, and Dior and sells directly to customers in its in-salon boutiques and also distributes them to other salons, pharmacies, and specialty boutiques in Egypt.

Selected into the network in 2010, Emrah and his co-founder Aslı Caner have built multiple industry-leading companies and implemented hundreds of customized, creative projects targeted at Turkey’s under-30 demographic – a market that makes up over 50% of the country’s population. Youtholding now oversees various youth-specialized agencies, including The Uniclub (PR and marketing), Egitism (skills training and campus recruiting), and Youth Media (digital marketing and market research). The businesses have catered to multinationals like Unilever, Coca-Cola, and Apple, empowering better brand connections with millennials.

Learn more about EY’s SGFs by clicking here.

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The youth employment panel at the Forum

31 Entrepreneurs from 9 Countries Join the Endeavor Network at 58th Selection Panel in Santiago

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Santiago, Chile – April 22, 2015 – During the 58th Endeavor International Selection Panel (ISP) , 31 high-impact entrepreneurs representing 18 companies and 9 countries were welcomed into the Endeavor network.

Endeavor now supports 1,082 High-Impact Entrepreneurs from 684 companies across the 23 markets where it operates. This newest group of entrepreneurs was chosen at a panel held from April 20–22 in Santiago, Chile – also the site of Endeavor’s first-ever selection panel in 1998.

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 Latin America 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.

“With candidates representing industries ranging from education to transportation to e-commerce, this panel really demonstrated the wealth of entrepreneurial talent all around the world,” said Endeavor co-founder and CEO Linda Rottenberg. “Congratulations go to the Endeavor Chile team and board, particularly Board Chair Salvador Said, for bringing together so many promising entrepreneurs and notable business leaders in Santiago this week.”

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 four more International Selection Panels in 2015. Locations will be in Amman, Jordan; 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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Endeavor staff members at Las Majadas Casona de Campo for deliberations

ARGENTINA

Entrepreneurs: Federico Malek & Alan Kraus
Company: Avenida!

Avenida is a one-stop-shop e-retailer that offers its customers a vast selection of brand-name products at affordable prices, with flexibility in payment and delivery. It has already raised over US$20M in capital from international VCs like Tiger Global and Naspers along with an initial seed funding from Quasar Ventures (founded by Endeavor Entrepreneur Santiago Bilinkis). Avenida’s integrated logistics allows it to have a delivery time of 48 hours compared to the typical six days of the local post. Avenida plans to have its own delivery fleet to be the first ecommerce site to offer same day delivery in Argentina—and in doing so, reach 70% of its addressable market within 24 hours.

Entrepreneurs: Linus Spatz, Dan Kaplan & Jorge Villalonga
Company: Inmunova

Nowadays, vaccines combine two types of proteins. One is naturally neutral, while the other comes from the disease. When combined, they generate antibodies, the proteins necessary to fight the target disease. Typically, these neutral proteins are only compatible with certain types of germs – only cancer germs, for example. Inmunova’s patented IMC platform uses a specialized protein that is compatible with any germ, allowing it to serve as the base for numerous vaccines. With two products in the final stages of testing (one to prevent a fatal bovine disease and another to prevent HUS, the leading casue of pediatric kidney failure), Inmunova stands to become a big shot in the the Argentine biotech scene.

Entrepreneur: Ernesto Cambursano
Company: DataFactory

For any media company covering a sports event, displaying the right stats immediately and sleekly is always the goal. But with dozens of games across numerous leagues across every night, collecting, sorting, and presenting sports events cost valuable time and money. DataFactory’s (DF) platform aggregates data from over 30,000 live events each year and displays it in esthetic, customizable visualizations. Already counting ESPN, Yahoo! and Fox Sports as clients, DataFactory plans on developing more product offerings in its unique market.

BRAZIL

Entrepreneurs: Cristiano Melles, Luiz Marsaioli & Rafael Valdivia
Company: Sociedade Grand Vivant

Sociedade Grand Vivant is a holding company that is comprised of Pobre Juan restaurants, the traditional Argentine steakhouse chain, and a secondary B2B beef distribution business. Pobre Juan serves high quality Argentine steaks with cutting-edge global recipes, inside restaurants where contemporary Latin American design and top-notch customer service combine to produce an exclusive yet welcoming dining experience. Pobre Juan’s 11 restaurants also maintain a consistent ”hometown” ambiance through live local jazz music, while boasting an expansive wine collection curated by the winner of Brazil’s national sommelier competition. Prime Cater is Pobre Juan’s beef distributor that portions and cuts the beef not only for all of Pobre Juan’s restaurants but also for three direct competitors and 20 other independent restaurants groups. The vertical integration allows Pobre Juan to source the best meat available – from Uruguay, Argentina, Brazil and Australia – portioned to perfection with 15% better margins compared to a traditional beef distribution relationship. The Pobre Juan restaurants have been awarded Best Steakhouse awards and global gastronomic prizes from a number of publications for nine of its locations.

Entrepreneurs: Francisco Salles & Renato Saraiva
Company: CERS

CERS offers online exam prep courses taught by Brazil’s top teachers. Its platform includes prep for the OAB, the Brazilian equivalent of the American Bar exam. It also offers courses for civil servant examinations that are requisite for professionals to enter government-affiliated occupations, and legal career courses that help aspiring lawyers progress in their careers. By virtue of its revenue-sharing model that provides teachers with 30-50% of the income generated from the courses they teach, CERS attracts the highest quality teachers to its platform. These teachers are financially incentivized to promote their own courses on the platform through their robust social networks.

CHILE

Entrepreneurs: Pablo Guzmán, Jovino Novoa & Sergio Guzmán
Company: Sano Seafood

Sano Seafoods is in tune with its clients’ needs. In order to quickly cook perfect entrees for each customer, restaurant chefs need uniform protein portions that are consistent in shape, size, and thickness. Ensuring this consistency, adds costs such as longer prep time and additional waste to the cooking process. Enter Sano Seafoods, a secondary seafood processor that provides value-added premium seafood products to the retail and foodservice sectors. Sano Seafoods sells uniform fish fillets to the United States and Europe, bellies to Vietnam, collars and tails to Japan, and skin and bones to fish food producers, to give every client what they want, and waste no part of the fish in the process. Sano Seafoods also processes around ten additional types of seafood in order to offer clients a one-stop-shop for all of their seafood needs.

Entrepreneurs: Hernan Restini & Gonzalo Restini
Company: FMA

Inside Chile’s illustrious copper mines, FMA is striking gold. In a US$86 billion global market for mining equipment, most machinery is mass-produced; few manufacturers create products tailored for specific challenges. These challenges arise because of the diversity of terrain and equipment inherent within mines, no two of which are alike. Mines currently rely on manual labor and poor mechanization to accomplish tasks such as changing the tires of giant dump trucks or winding the heavy electric gables of large drillers. Without proper tools, these tasks are not only inefficient but also unsafe for workers. First-Class Mining Attachments (FMA) designs and manufactures semi-customized equipment to address clients’ task-specific needs. From the Andean mountains of Peru to the desert plains of Mauritania, FMA’s clients operate in 25 countries across five continents. The company is on the brink of a major international expansion campaign to conquer the lion’s share of North American and Asian-Pacific markets.

COLOMBIA

Entrepreneurs: Juan Felipe Arbeláez & Pablo Arbeláez
Company: Vive Agro

Previously, restaurants and caterers sourced produce from farmers markets. Ripe with inefficiencies – a string of middlemen sell to other middlemen before reaching the end user – these markets force farmers to underprice their vegetables and fruits while giving restaurants little transparency over the food they use. It also required restaurants to spend valuable time and resources preparing and storing the vegetables. Vive Agro offers clients washed, cut, and ready-to-use vegetables, helping restaurants reduce their costs substantially. Meanwhile, the farmers who work Vive Agro obtain better prices on their produce and receive agricultural best practice from Vive Agro’s agronomists.

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Voting during panel deliberations

MEXICO

Entrepreneurs: Adalberto Flores & Leonardo de la Cerda
Company: Kueski

Accessing affordable capital is a longstanding problem in Mexico as a large portion of the population – the young in particular – do not qualify for a wide range of financial services – like loans, and credit cards – because of low or nonexistent credit scores. In practice, this situation means that people have high-friction alternatives to banks, such as offline pawnshop lenders, who can be slow to deliver funds. Kueski, an online micro-lending platform, applies big data and advanced analytics to approve micro-loans for Mexico’s financially underserved population within 35 minutes of customers placing their request. Fast, transparent, and available 24/7, Kueski is the most convenient lending platform for those who need an immediate loan.

Entrepreneurs: Andres Sucre, Sebastian Gomez & Adrian Cuadros
Company: Reserbus

To purchase a bus ticket in Mexico, 550 million bus passengers a year go to the station or a physical store, wasting hours of their time. At the same time, bus operators lose customer visibility and incur extra costs from maintaining physical sales locations. Reserbus solves these problems by connecting bus operators with customers through an integrated booking platform. Reserbus aggregates over 9,000 routes, and 650 destinations through 26 bus operators.

Entrepreneur: Francisco Cordero
Company: Laudex

Dinero drives diplomas. In Mexico, higher education is reserved for the privileged few, rather than the qualified masses. Only 2% of qualified applicants can afford to attend a private university, in contrast to 60% in countries such as Chile and Brazil. Laudex’s goal is to provide all Mexican students with the financial resources they need to achieve a higher education. A cohort of college-age students equal to the population of Switzerland (seven million) does not attend university in Mexico, largely due to the high cost of enrollment. Laudex continues to build alliances with Mexico’s largest private universities, it will expand its national presence.

PERU

Entrepreneur: Nicolas Droguett
Company: SeguroSimple

With SeguroSimple, five minutes could save you a lifetime of paperwork on your car insurance. The process of buying an auto insurance policy is riddled with inefficiencies for consumers: from the tedious nature of meeting with sales representatives, to the time-consuming process of sifting through tall piles of policy information. By moving the insurance industry online, developed countries now boast 50-60% online purchases of policies. Peru, in contrast, still relies entirely on offline brokers. SeguroSimple is Peru’s first digital insurance broker. The company plans to scale its business in Peru, expand regionally, and grow into new product verticals such as health and life insurance.

SOUTH AFRICA

Entrepreneur: Kirsty Chadwick
Company: The Training Room Online

Corporate training seems more like corporate torture for most employees. The global corporate training industry is notorious for its antiquated reliance on lackluster lectures and never-ending PowerPoint presentations. Existing systems are inefficient with high auxiliary costs like facilitator fees, travel, and lost employee work days, on top of the general cost of content development and upkeep. These systems also lack the multifaceted educational approach needed to effectively train today’s increasingly tech-savvy workforce. Enter The Training Room Online (TTRO), a digital learning design and development company that transforms clients’ employee training content into blended learning resources. TTRO’s strong team uses various design strategies, including animation, mobile, and video, to produce high-quality customized learning solutions that are more convenient, stimulating, and interactive than traditional offline solutions.

SPAIN

Entrepreneur: Philippe Gelis
Company: Kantox

While large businesses receive preferred foreign exchange (FX) rates from banks, most SMEs are stuck paying exorbitant fees in order to do business outside of their home market. Kantox is the first peer-to-peer (P2P) foreign exchange market that connects SMEs and Mid-Caps to each other to offer equitable trade rates. While using Kantox’s platform, the majority of clients save more than 80% than if they used a bank. This is largely because Kantox offers transparency with the live market trade rates and its clear 0.09 -0.29% commission fee, compared to banks’ typical 3.0% fee.

Entrepreneur: Daniel González de Vega
Company: Smartick

Smartick is improving mathematics learning with just one click. Malaga-born learning company Smartick channeled its inner child and ventured to make math learning fun and more effective for children, ages four to fourteen. The company built an online, adaptive platform that teaches mathematics skills. The methodology consists of daily, 15-minute working sessions in mathematics, comprehensive reading, and some cognitive domains (e.g. memory, attention, reasoning, and mental flexibility). Students work on modules that adapt in real-time to the child’s individual level and performance. Since the product launched commercially in 2011, more than 10,000 students from 35+ countries have benefited from Smartick’s highly effective approach to teaching mathematics.

Entrepreneur: Juan de Antonio
Company: Cabify

Hailing a taxi the old way in Spain and Latin America is often inefficient and difficult. Across Latin America in particular, taxis are unreliable and unsafe while black cars are expensive. Meanwhile, drivers face fluctuating salaries, depending on an unpredictable stream of passengers. With Cabify, a mobile app that connects users with drivers, users can book a car in advance, know the journey’s price ahead of time, and enjoy a quality experience. Operating in Spain, Chile, Peru and Mexico, Cabify aims to push the pedal to the metal and expand rapidly in the region over the coming years.

UAE

Entrepreneur: Sassan Khatib-Shahidi
Company: German Imaging Technologies (GIT)

GIT is leaving its imprint on businesses in MENA. As a result of the steep cost of print toner, companies save up to 50% per order by purchasing remanufactured products in lieu of Original Equipment Manufacturer (OEM) cartridges. German Imaging Technologies (GIT) is the market leader in producing remanufactured toner cartridges in MENA and has been the largest supplier in the UAE since 2007. The company sells toners that are 20-30% less expensive than OEM toners, do not compromise on quality, and have a reduced environmental impact. GIT has over 1600 corporate customers in the UAE and exports to 18 countries in the MENA region, an estimated US$1.3 billion toner market. The company is a full-service provider of printing solutions for businesses, offering renting, leasing, and sales of printer equipment as well as maintenance services. In 2011 and 2012 GIT was named one of the top 50 companies in the industry globally and an Arabia 500 Fast Growth Company.

Entrepreneur: Wadih Haddad
Company: The Box

In Dubai, a city built around luxury, extra closet space comes at a premium. Although Dubai is known for its modern skyscrapers, magnificent architectural buildings, opulent hotels, and shopping malls, real estate in the Emirate comes with a whopping price tag. As a result, the majority of residents struggle with space constraints. Until The Box built its first self-storage facility in 2008, there were few options for self or bulk storage. Founded during the heart of the financial crisis, The Box has grown to 25 facilities and 250,000 square feet within the UAE, operates facilities in Lebanon and Qatar, and has partnerships in Canada. The company plans to increase its footprint across multiple cities in MENA through opening new locations, constructing joint venture facilities, and management contracts with competitor companies leading to acquisitions.

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Entrepreneurs at Makerspace during Candidates’ Day

Endeavor Staff Convene at the 2015 Global Entrepreneurship Congress in Milan

newsletterbanner.news postAt the 2015 Global Entrepreneurship Congress in Milan, Endeavor staff members from Argentina, Brazil, Chile, Colombia, Mexico, Turkey, Uruguay, and the U.S. were present. Held from March 16th – 19th, the annual Congress convenes industry leaders, top entrepreneurs, executives and policymakers in one of the largest entrepreneurship-focused gatherings of the year.

The main planning event for Global Entrepreneurship Network, an Endeavor partner, this year’s GEC was also co-hosted by the Milan-based META Group and the Kauffman Foundation. With 4,000 participants from more than 150 countries, the four days highlighted themes ranging from scaling businesses to building urban ecosystems and featured an agenda of dozens of events. Taking the form of pitch competitions, keynotes speeches and panel discussions, these events brought a focus to all aspects of the entrepreneurship spectrum. Notable speakers this year included Maria Contreras-Sweet (Administrator of the United States Small Business Administration), Oscar Farinetti (Co-founder of Eataly), Felipe Hoffa (Developer Advocate at Google), and Andrea Illy (CEO of illyCaffe).

From the Endeavor network, select staff members also had the opportunity to speak during the Congress, demonstrating the organization’s growing role in the global entrepreneurship landscape. Endeavor has been an active supporter of the GEC since it launched in 2009, co-hosting the 2013 GEC in Rio de Janeiro which also featured staff, mentors and entrepreneurs. To learn more about this year’s conference, including summaries of the events and video highlights, click here.

See below for photo highlights of the Congress.

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