Register today for the 2015 Endeavor Entrepreneur Retreat! From Wednesday, May 6 – Friday, May 8, 2015, the Endeavor network will convene in Westchester County, New York – home to Fortune 500 companies including PepsiCo and IBM- for an invitation-only conference.
The 2015 Retreat will be similar in format to Endeavor’s 2011 & 2013 Summits, but will have a greater emphasis on peer-to-peer learning. Attendees can expect top-tier keynote speakers, site visits to local companies, industry breakouts, and intensive workshops around everything from human capital to operations.
In addition to the Retreat, Investor Network event in NYC on Tuesday, May 5. Endeavor will also host a series of first-come, first-serve company tours on the morning of the 6th prior to the Summit to Google, IBM and other corporates in the New York Metro area. To sign up and learn more, click on the Retreat registration site.
Endeavor will provide transportation to Westchester from Manhattan on Wednesday morning for those attendees who sign up in advance. Transportation back to Manhattan will be provided- again on a sign-up basis- on Friday afternoon, when formal Retreat activities will end.
Register before March 1st to take advantage of Early Bird rates! Please note that this year’s registration price includes 2 nights accommodation in a double room at the Doral Arrowwood conference center and all meals during the conference.
Detroit, MI – February 9, 2015 – Endeavor is officially announcing the launch of its second U.S.-based affiliate in Detroit, MI. Spearheaded by some of the top business leaders and entrepreneurs in the region, Endeavor Detroit has identified seven men and women to join its local board of directors as well as new Managing Director Antonio Lück. As Endeavor’s second entry in the U.S. market following its 2013 launch in Miami, Endeavor Detroit will help usher in a new era of local growth and economic development driven by high-impact entrepreneurship.
The economic challenges faced by Detroit since the financial crisis of 2007-08 have made headlines across the world. With a population of about 700,000, the city has seen a sharp rise in unemployment coupled with economic decline and a dwindling talent pool. Following its landmark municipal bankruptcy filing in 2013, the city has been beleaguered by unemployment rates hovering around 14% – nearly double the national average. The region of Southeast Michigan as a whole has not fully recovered from the financial crisis either, with unemployment rates at nearly 1% above 2007 levels.
Endeavor Insight, the organization’s research team, found that Southeast Michigan suffers from a scaleup gap, with the number of high-growth firms (companies older than three years with at least 20% annual employment growth over the last three years) declining by 50% between 2007 and 2012. Scaleups, however, can be the key engines of sustainable job growth that the city needs. The average high-growth company employs eight times as many people as the average non-high-growth firm, and 35 times as many as the average startup. To return the area’s unemployment rate to 2007 levels, Southeast Michigan will need to fill the job gap by empowering entrepreneurs and ventures that have the potential to create the most high-quality employment opportunities. Learn more about Endeavor Insight’s findings on Detroit’s scaleup ecosystem by clicking here.
Now at a critical crossroads, Detroit is primed for the sort of high-impact entrepreneurship that Endeavor has successfully fostered all around the world. By providing access to a global network of industry leaders, investors and talent, Endeavor’s support can help the best entrepreneurs in the city turn their ventures into businesses that will move the local economy. Endeavor works to take the magic of networks like Silicon Valley and bring it to regions with great ideas and potential, but not necessarily the resources to help founders expand their visions. Once selected into the network, Endeavor Entrepreneurs are connected with strategic mentors and given access to an array of tools that can catapult them to success. Since its founding in 1997, Endeavor has selected and supported over a thousand entrepreneurs representing more than 650 companies in the 22 markets where it operates.
“Detroit right now is in an exciting period of reinvention and growth, driven by a rise in entrepreneurship,” said Board Chairman Cindy Pasky, Founder & CEO of Strategic Staffing Solutions. “Endeavor’s unparalleled global network will equip the city’s best entrepreneurs with the resources they need to aid with ushering in a new era for Detroit.”
“The entrepreneurial talent in Detroit and the broader region is impressive,” echoed Endeavor Co-founder and CEO Linda Rottenberg. “We’re excited to support these companies to scale, stay and multiply their impact by investing, mentoring and inspiring the next generation of local high-impact entrepreneurs.”
All Endeavor affiliates are guided by a local board of business leaders, each of whom believes that high-impact entrepreneurship can transform entire economies. The Endeavor Detroit founding board will be chaired by Cindy Pasky, Founder, President, & CEO of Strategic Staffing Solutions. She will be joined by Gerard M. Anderson, Chairman & CEO of DTE Energy; Dave Egner, Executive Director of the New Economy Initiative and President & CEO of the Hudson-Webber Foundation; Thomas Groos, Partner of City Light Capital; Nate Lowery, Co-founder & CEO of TM3 Systems; Raj Vattikuti, Founder of Altimetrik; and Steven A. White, Chairman & CEO of Detroit Renewable Energy. The launch of Endeavor Detroit was made possible by the commitment and passion of these local board members as well as the support of some of the region’s top institutions and foundations.
“The DeVos Family first met Endeavor a couple years ago and was impressed by a proven track record to catalyze entrepreneurial ecosystems around the world,” expressed Nate Lowery, Co-founder and CEO of TM3 Systems Inc, and Board Member of the Dick and Betsy DeVos Family Foundation and Endeavor Detroit. “While the family has traditionally focused much of its philanthropy in Grand Rapids, taking Michigan’s entrepreneurial ecosystem to the next level will require cooperation from both sides of the state. Our Foundation is thrilled to be a driving force behind Endeavor coming to Detroit and Michigan.”
“From grassroots to high-growth, the New Economy Initiative supports programs that enable entrepreneurs to start, innovate and scale their businesses in SE Michigan,” said David Egner, President of the New Economy Initiative and Board Member of Endeavor Detroit. “The team identified a gap that Endeavor’s model could fill to support entrepreneurs to scale.”
The board has selected Antonio Lück as Managing Director of the office, overseeing the successful launch of Endeavor Detroit. Mr. Lück was previously the Director of Business Acceleration, Entrepreneurship, Innovation and Venture Capital at the Michigan Economic Development Corporation, where he directed all of the state’s early stage financial programs and the portfolio management team. He will lead the day-to-day operations of the office in Detroit and will be involved in screening entrepreneur candidates for consideration.
For entrepreneurs interested in learning more about Endeavor in Detroit, please contact Detroit@endeavor.org.
Hailed by New York Times columnist Thomas Friedman as “the best anti-poverty program of all,” Endeavor is leading the global movement to catalyze long-term economic growth by selecting, mentoring, and accelerating the best high-impact entrepreneurs around the world. To date, Endeavor has screened more than 40,000 entrepreneurs and selected more than a thousand individuals leading over 650 high-impact companies.
With support from Endeavor’s worldwide mentor network, these high-impact entrepreneurs:
– Have created nearly 400,000 jobs
– Generated $6.8 billion in revenues in 2013
– Inspire future generations to innovate and take risks
Headquartered in New York City, Endeavor currently operates in 22 countries throughout Europe, Latin America, Africa, Southeast Asia, the Middle East and the U.S.
Vice President, U.S. and Canada
21 Entrepreneurs From 9 Countries Selected at the 57th Endeavor International Selection Panel in Singapore
Singapore – February 6, 2015 – Endeavor hosted its 57th International Selection Panel (ISP) in Singapore from February 4-6th, convening top international business leaders, industry experts and entrepreneurs in the Southeast Asian city. Twenty-one entrepreneurs from fifteen companies and nine countries were selected into the network at the panel. Endeavor now supports 1,051 entrepreneurs from 666 companies across the 22 markets where it operates.
With support from Barclays and EY, the ISP is the conclusion of a rigorous multi-step selection process that is at the core of the Endeavor model. In Singapore, panelists from 10 countries interviewed entrepreneur candidates about their businesses and potential for high-impact growth, and then deliberated on whether or not the candidates should become Endeavor Entrepreneurs. Some top names in venture capital, investment and entrepreneurship participated, including Edgar Bronfman Jr. (Endeavor Global Chairman and Accretive General Partner); Eugenio Lopez III (Endeavor Philippines Chairman and Chairman of ABS-CBN Corporation); Afzal Abdul Rahim (Endeavor Malaysia Chairman and CEO of TIME dotcom Berhad); and Husodo Angkosubroto (Endeavor Indonesia Chairman and Chairman of PT Gunung Sewu Kencana).
This ISP is the first panel in the region since the launch of Endeavor in the Philippines earlier this year, which marked the organization’s third affiliate in Southeast Asia. Endeavor has maintained an office in Singapore since 2011 as a hub for its work in the region. With support from the J.P. Morgan Foundation, Endeavor is currently considering expanding its presence in the city to better select and support the region’s high-growth entrepreneurs.
“As we continue to grow our presence in Asia, bringing the Endeavor network to Singapore signifies the importance of the city as a global center of entrepreneurship and innovation,” said Endeavor co-founder and CEO Linda Rottenberg. “We hope to continue finding the region’s most high-impact, high-growth businesses and empowering them to build ecosystems of entrepreneurship that have the power to move economies and create jobs.”
After their selection into the Endeavor network, the entrepreneurs are given access to customized services, including introductions to local and international business mentors and volunteers from Fortune 500 consulting firms who will help them address key business needs. The entrepreneurs are also connected to world-class talent, education and investment opportunities as part of a business roadmap designed by Endeavor and its mentors. Since 1997, Endeavor Entrepreneurs have created nearly 400,000 jobs, generated and built sustainable growth models in their home countries, transformed local economies and have become role models for future generations of leaders.
Endeavor will host five more International Selection Panels in 2015. Locations will be in Santiago, Chile; Amman, Jordan; San Francisco Bay Area, CA; Marrakech, Morocco; and Mexico City, Mexico.
Brief descriptions of the newly selected entrepreneurs and companies follow.
Entrepreneur: Alessandro Gardemann
Company: Geo Energetica
Description: Geo Energetica offers an alternative to hydropower as Brazil’s booming population growth compels the country to expand its electric energy consumption by 29 gigawatts (GW) through 2021. The company transforms organic waste from Brazil’s sugarcane industry to produce electricity, providing a clean, reliable source of energy year-round.
Entrepreneurs: Hossam Fahmy, Sherif Gad & Tamer El Leithy
Company: Mori Co
Description: With its fusion sushi, gourmet burger, and authentic Lebanese dining concepts, Mori Co is setting the table for a new wave of global cuisine in Cairo. Despite Egypt’s positioning at the crossroads of civilizations, its culture lacks a cosmopolitan dining scene. Mori Co owns and operates four trend-setting restaurant concepts in Egypt that deliver food inspired by the world’s best cuisines. In a MENA F&B market estimated at US$40 billion, Mori Co operates 20 restaurants.
Entrepreneur: Periklis Venieris
Company: Green Cola
Description: Green Cola, an Athens-based beverage company, is offering consumers a healthy alternative, made using 100% natural sources for sweeteners and caffeine. Aimed at a new generation of consumers, Green Cola is exploiting an underserved market for healthier cola – estimated at approximately US$442M (10% of the overall sparkling beverage industry). Green Cola is poised to scale on the back of its founder and CEO, Periklis Venieris’, deep industry know-how from 20 years at Coca Cola, and the company’s underlying manufacturing assets, acquired during the financial crisis.
Entrepreneur: Philipp Brinkmann
Description: By consolidating flight, ferry, and train options in an easy to search, minimalist interface, Tripsta helps travelers quickly find what they are looking for. The company provides a user-friendly, comprehensive online and mobile platform for travelers to book flights, ferries, and trains on 40 country websites. Tripsta’s minimalist interface lacks the distracting clutter customers are accustomed to seeing on online travel booking websites, making it easier to find what they are looking for.
Entrepreneur: Steven Kim
Description: With a booming restaurant industry in Indonesia that added over 400 quality restaurants in 2013 alone, diners have more options than ever to enjoy fine cuisine, if they know where to find it. Meanwhile, restaurants want to tap into Indonesia’s burgeoning middle-class, which spends up to 30% of its disposable income on food and beverage. Through Qraved’s website and mobile app potential patrons can browse and make reservations at over 3,000 restaurants in Jakarta and Bali. In turn, restaurants fill their empty tables and gain exposure to the thousands of Qraved users.
Entrepreneurs: Carline Darjanto & Ria Sarwono
Description: Cotton Ink is a company that aims to become the leading Indonesian women’s retailer through its range of trendy clothing that evokes confidence through comfort with its simple yet stylish designs. The company’s clothing drapes the body using a range of pastel, earth-toned, and traditional cotton fabrics. The clothing’s relaxed cut provides comfort while still flattering slender frames. Cotton Ink provides a range of basic and accent pieces to encourage personal style and versatility. To offer customers the latest fashion trends, Cotton Ink launches new collections (15-20 pieces) every week unlike competitors that do so every one to two months.
Entrepreneur: Muhammad Yukka Harlanda
Description: Brodo has made it its mission to improve the men’s shoe shopping experience, product quality, and selection in the region. Although ecommerce in Indonesia was nascent when the company began, Brodo envisioned how an encroaching digital world would change the way people shopped and interacted with brands. Brodo will launch Galleries, pop-up stores without inventory within the next few years, where customers can view, test, and purchase products that are delivered the same day.
Entrepreneur: Edwin Tay
Description: For Southeast Asian students, finding a Western university is no easier since there are few free resources for Southeast Asians that consolidate impartial information on the plethora of higher education options. EasyUni’s multisided platform provides a solution for universities and Southeast Asian students alike. Its free online education portal aggregates information on over 2,000 universities across 33 countries, making it easy for prospective students to compare and choose courses, while also facilitating an end-to-end application process. At the same time, EasyUni drives applications and grows the brand reputation of universities in the region.
Entrepreneurs: Carlos Agami & Jacobo Agami
Description: Founded in 2006, Agasys uses CCTV systems (video surveillance systems) to measure and increase the productivity of employees and derive insights into customer behavior. Agasys’ proprietary software generates a random sampling of video clips that provide representative information of individuals’ behavior, unbiased by outliers.
Entrepreneur: Enrique Bojorquez
Description: Sucroliq produces a refined liquid sugar for food and beverage manufacturers and pharmaceutical companies available at an affordable standardized cost and to a client’s specifications. Sucroliq’s patented technology enables it to refine raw sugar in liquid form for only US$50 per ton – a quarter of normal costs. Sucroliq is the sole provider of refined liquid sugar in Mexico and aims to be the world leader in liquid sugar refinement and production technology.
Entrepreneur: Alejandro Carrillo
Description: InterLatin is bringing Mexico to the forefront of the technological boom. Globally, high-tech businesses (e.g. electrical, aerospace, automotive) are outsourcing manufacturing processes, such as circuit board assembly, testing and inspection, final assembly, and distribution. Operating in a global Electronic Manufacturing Services (EMS) and Original Design Manufacturer (ODM) market estimated to be worth US$363.8 billion (2013), InterLatin provides sells specialized technology equipment and services to companies in high-tech industries (B2B).
Entrepreneurs: Craig Raw & JP Kloppers
Description: While computers can compile and sort the conversations, they struggle to interpret relevancy and sentiment. BrandsEye’s proprietary platform enables consumer-facing brands to listen to what their customers say about them across online blogs and social media in order to better inform their business strategy. The platform incorporates a crowd-sourcing layer to add nuance and emotion to the raw information, which in turn makes BrandsEye’s data more accurate.
Entrepreneur: Zafer Sen
Description: OBSS helps enterprises strengthen their IT infrastructure by providing them with software development and consulting services. With some of Turkey’s most prominent financial institutions as clients, OBSS is an established player in the burgeoning Turkish IT and software market, which is projected to grow at a rate of 7.4% to reach US$25 billion in 2018.
Entrepreneurs: Ayman Fakoussa & Dipesh Depala
Company: The Qode
Description: Luxury brands in Dubai struggle to authentically connect with the diverse population which includes over 150 different nationalities. Meanwhile, most local PR companies are not attune to the marketing needs of this niche retail segment, leading to discord between the client’s products and target audience. The Qode personalizes PR marketing for luxury brands with its end-to-end services, including tailored event planning, diverse publishing channels, and exclusive VIP guest-lists.
Entrepreneur: Idriss Al Rifai
Description: MENA360 provides businesses a turnkey solution for entering the ecommerce space in the region and for reaching customers. The company equips its delivery personnel with GPS-enabled tablets and task-assigning software to locate customers via their mobile devices. MENA360 plans to capture additional market share in the Gulf’s US$1.7 billion ecommerce-triggered logistics market (2015e) by growing its delivery capabilities across the region, becoming the turnkey solution for ecommerce in the Middle East.
Manila, Philippines – January 7, 2015 – Endeavor announced that it will expand its presence in Southeast Asia with the launch of Endeavor Philippines, its third country affiliate in the region. The launch is supported and led by some of the country’s top entrepreneurs and business leaders, including seven founding board members and a newly named managing director. According to the World Bank, the Philippine economy remains one of the fastest growing in the region, offering a promising climate for high-impact, high-growth entrepreneurship.
With a population of nearly 100 million spread across more than 7,000 islands, the nation is the seventh most populous in Asia and one of the most diverse. While the Philippine economy has grown at an average of 6% since 2012 according to the World Bank, over 20% of the population still lives in poverty. Supporting high-impact entrepreneurship in the region offers a critical opportunity to fuel economic growth at all levels. With an estimated 99% of Philippine enterprises considered small- or medium-sized businesses, many are facing the crucial scale-up stage that determines whether or not they can grow into impactful businesses that create thousands of jobs. Endeavor research found that just 5% of the country’s total number of firms are considered high-growth (with a minimum of 20% average annual growth), but created 75% of the net new jobs in the country.
The landscape of entrepreneurship in the country continues to show much promise. The Global Entrepreneurship Monitor found that nearly half (48%) of all Filipinos have a very positive view of the entrepreneurial opportunities in their country; furthermore, 68% believe they have the capabilities needed to start a business. At the same time, many recognize the barriers to entrepreneurial development in the country, including a lack of access to financial support, government programming and guidance from role models.
This is where Endeavor’s model can make a difference. By providing access to a world-class network of industry leaders, investors and talent, Endeavor’s support can give the best entrepreneurs in the region the chance to turn their ventures into transformational businesses. Endeavor aims to take the magic of networks like Silicon Valley and bring it to regions with great ideas and potential, but not necessarily the resources to help founders take their visions to the next level. Once selected into the network, Endeavor Entrepreneurs are connected with strategic mentors and given access to an array of tools that can catapult them to success. Since its beginning in 1997, Endeavor has selected and supported 1,030 entrepreneurs representing 651 companies in the 22 markets where it operates. In 2013, from Miami to Morocco, these entrepreneurs have generated $6.8 billion in revenue and created 400,000 jobs across Latin America, Africa, the Middle East, Europe and Southeast Asia.
“It is an exciting time in the history of Endeavor, as we have now helped more than a thousand entrepreneurs realize their dreams,” said Endeavor co-founder and CEO Linda Rottenberg. “The addition of Endeavor Philippines ensures that we will continue to make an impact in one of the most dynamic and exciting regions in the world.”
All Endeavor affiliates are spearheaded by a local board of leading business people, each of whom believes that entrepreneurship can transform economies. The Endeavor Philippines founding board will be chaired by Eugenio (Gabby) López III, Chairman of ABS-CBN Corporation. He will be joined by Jaime A. Zobel de Ayala, Chairman & CEO of Ayala Corporation; Cezar Consing, President & CEO of the Bank of the Philippines Islands; Anthony T. Huang, President of SSI Group, Inc.; Sheila Lirio Marcelo, Founder, Chairwoman & CEO of Care.com; Edgar Injap Sia II, Chairman of DoubleDragon Properties Corp.; and Julio Sy, Jr., Founder & CEO of TAO Corporation.
“Endeavor has come to the Philippines at just the right time,” said Board Chairman Eugenio (Gabby) Lopez III. “Sustained economic growth has seen the rise of entrepreneurial activity in the country. We hope to accelerate the development of a vibrant entrepreneurial ecosystem by helping to unleash the full potential of high-impact entrepreneurs.”
The board has selected Manny Ayala as Managing Director of the office, overseeing the successful launch of Endeavor Philippines. Mr. Ayala was a co-founder of Hatchd Digital, a tech incubator, and a Managing Director of investment bank IRG. He will lead the day-to-day operations of the Endeavor office in Manila and will be involved in screening the first entrepreneur candidates for consideration.
40 High-Impact Entrepreneurs from 13 Countries Join Network at the 56th International Selection Panel in Miami; Endeavor Peru Welcomes First Entrepreneurs
Endeavor now supports 1,030 High-Impact Entrepreneurs from 651 companies across 22 countries. The first International Selection Panel (ISP) in Miami, FL since the affiliate was launched in 2013, the entrepreneurs were chosen at a panel held from December 8 – 10th.
The ISP is the conclusion of a rigorous multi-step selection process that is at the core of the Endeavor model. At the Miami ISP, top global business and industry leaders interviewed candidates about their businesses and potential for high-impact growth, and then deliberated on whether or not the candidates should become Endeavor Entrepreneurs. This panel was a milestone for Endeavor as the organization officially marked the selection of its thousandth entrepreneur. In addition, Endeavor Peru, which launched in 2014, welcomed its first two entrepreneur companies – Disfruta and Pulso Salud – into the network.
“As we officially cross the mark of a thousand entrepreneurs selected, Endeavor’s network has become an unparalleled force of inspiration and support,” said Endeavor co-founder and CEO Linda Rottenberg. “It was especially amazing to see the passion, professionalism and early impact of Endeavor Miami’s network since its launch.”
After their selection into the Endeavor network, the entrepreneurs are given access to customized services, including introductions to local and international business mentors and volunteers from Fortune 500 consulting firms who will help them address key business needs. Since 1997, Endeavor Entrepreneurs have created nearly 400,000 jobs, generated and built sustainable growth models in their home countries, transformed local economies and become role models for future generations of leaders.
“This Endeavor event was a celebration of all of the amazing entrepreneurial talent around the world,” said Endeavor Miami Board Co-Chair Adriana Cisneros. “It was exciting to showcase the great progress of Endeavor Miami over the past year and the region’s high-impact potential.”
To celebrate the incoming entrepreneurs, Endeavor Miami hosted an event at the New World Center on the final night of the ISP, bringing together all ISP participants, entrepreneurs, board members, mentors and top leaders from the Miami community. The event was generously sponsored by The Knight Foundation, Cisneros Group, Grupo Arcano, Univision and The Wolfington Companies.
Endeavor will host six International Selection Panels in 2015. Locations will be in Singapore; Santiago, Chile; Amman, Jordan; San Francisco, CA; Marrakech, Morroco; and Mexico City, Mexico.
Brief descriptions of the newly selected entrepreneurs and companies follow.
Jampp is amplifying the global mobile application market. Mobile app-driven businesses have a challenging time navigating the changing mobile marketing industry. Jampp helps these companies drive large volumes of high-quality mobile users to their apps in a simple and cost-effective way. The company manages the entire process of marketing apps, from planning to tracking and optimization.
Avantia is the first security system in Brazil to package cutting-edge technologies from ten different global suppliers into one integrated platform. Avantia has focused its efforts in the city of Recife, one of the most dangerous cities in the country. Since installing its security system four years ago, the city has seen a reduction in the number of murders by 60.8%—spurring the company’s growth by a CAGR of 40% per year. With such success in Recife, the entrepreneurs are expanding Avantia’s scope into Sao Paolo and aim to be a global benchmark in the security market. Currently employing over 450 people, Avantia is not only keeping the city safe but also creating significant jobs for the community.
NeoAssist provides peace of mind to companies and their customers through its automated customer service software. This cloud-based platform allows clients to automate personal responses to customer inquiries and easily track a customer’s social media engagement with the company, among other capabilities. This software allows companies to improve customer satisfaction by 35%, while also reducing the cost of customer service by 30% to 70%. According to the Reclame Aqui, the authoritative agency for customer service ranking in Brazil, three out of the top five Brazilian companies in customer service – and 15 of the top 30 – are NeoAssist clients.
Printi makes it easy for small businesses in Brazil to design and procure printed promotional materials. It is the first in Brazil to serve SMEs and individuals with low-or-medium volume needs. The local printing market is highly fragmented and informal, characterized by a few major graphic printers who only work with high-volume clients, printer brokers that set arbitrary and prohibitive prices, and low-quality corner mom-and-pop shops. Printi’s convenient ecommerce site provides the most cost effective printing option in the market. Its commitment to quality and customer satisfaction has resulted in consistent satisfaction scores of over 65% across more than 35,000 clients.
NiuSushi is an innovative restaurant chain that maximizes its number of satisfied customers by meticulously tracking every metric, from each store’s inventory of rice to the number of minutes it takes for each chef to make a sushi roll in real-time. Customers can choose from more than 80 different rolls of sushi, including fresh Patagonia salmon, octopus, ahi tuna, shrimp and vegetarian options. Every year, NiuSushi updates its menu with new combinations mined from customer preferences and global market studies. With eight locations in Santiago alone, NiuSushi now intends to expand throughout Chile and the region to bring its premium product to a larger audience.
Entrepreneur: Luis Ahumada
Consumers in Latin America want on to access online content on demand, but local media providers still do things the old fashioned way – through TVs and radios. Chilean company Mediastream’s streaming solutions enable companies to keep up with consumer trends and broadcast content through any internet-connected device. Mediastream is a first mover in Latin America, and has built the channels responsible for 60% of content streamed online in Chile. The end-to-end solution for recorded and live-event streaming makes it easy for traditional content providers to build new digital offerings to reach, engage, and monetize audiences.
Agrofuturo is finally enabling Colombia to compete with the other agricultural superpowers in Latin America. Despite the country’s rich terrain, only 14% of arable land is under cultivation due to violence that plagued rural areas, resulting in a lack of knowledge of how to properly invest and use fertile lands. Through information sourcing strategies, such as a world-class industry expo, and end-to-end agricultural services – including Project Design and Asset Management – Camilo Pérez, Juan Sebastián Correa and Ricardo Jaramillo have catalyzed the growth of the Agricultural sector in Colombia and made it more attractive for investors. Already, Agrofuturo has facilitated $200 million in industry transactions and cultivated 30,000 hectares of previously idle land—growing its revenues through events, project design, management, and fees.
Entrepreneur: Sherief Kesseba
Company: Nile Valley Growers
Nile Valley Growers produces and exports top-quality grapes and red onions to supermarkets across continental Europe and the UK. Egypt’s geographic location allows Nile Valley Growers to export produce when the Global supply is typically at its lowest – after the end of the Southern hemisphere’s season but before the Northern hemisphere’s crops ripen. The country’s close proximity to the European, African, and Asian markets enables produce to quickly reach supermarket shelves which equates to a longer shelf-life.
Entrepreneur: Dr. Hisham Haddara
Company: Si-ware Systems
Si-ware Systems is the first company to design semiconductors in Egypt and export to global clients in the USA, Japan, China, Russia, and France. The company designs the smallest and most cost-efficient spectrometer on the market and has plans to release a quartz-less oscillator by 2015. These semiconductor components are the foundation of electrical devices. Si-ware’s components are built to be easily adaptable to various micro-devices.
Business is blooming for the Mzayek family, founders of Alissar, a leading flower producer and retailer in MENA. Transforming Jordan’s arid climate into an oasis, Alissar began as a retail outlet selling floral arrangements and indoor plants to the local market. The company has set its eyes on the commercial flower and plant market in the GCC, maintaining its floriculture core and expanding its product lines to growing its own flowers and distributing planting material. Future growth will be driven by increasing organizational efficiencies and geographic expansion within the GCC and into Asia for Alissar’s hotel floral supply business and planting material wholesale vertical. Alissar will also see expansion through a new partnership with Aramex that connects growers and buyers online.
Hintrag’s powdered desserts and drinks offer inexpensive and convenient alternatives to traditionally packaged goods, yet leading global brands in most countries do not cater to local palates. Investing heavily in R&D since 2008, Hintrag provides customers in 24 countries with over 120 locally-specialized varieties of high-quality powdered drinks & desserts – from Lebanese dessert mixes to Asian dumpling mixes. One of two leading players in Lebanon’s powdered food industry, Hintrag successfully secured 30% of the local market in less than six years with strong presence in MENA. Over the next three years, Hintrag plans to nearly double its global footprint and expand its product offering to better serve the African market.
Company: Open Intelligence [OPI]
Government intelligence just got smarter. OPI offers a customizable, easy to use, cloud-based platform that analyzes and visualizes the relationship between thousands of variables. Aside from using their own data, clients can access the information in OPI’s database, which warehouses all of the non-classified data that previous clients have uploaded. If clients want to generate more topic-specific data, OPI’s associated mobile apps facilitate on the ground data collection. When the Ministry of Interior used Arquimedes to understand neighborhood crime rates, it analyzed the relationship between education, single parent families, and over one thousand other variables. Later that year, the ministry started redesigning its policy and resource allocation strategies based on OPI’s contributions. The impact of OPI’s software soon garnered national and international media attention.
Anyone who’s tried searching for some tejocote (a fruit native to Mexico) or other Mexican specialties in their local grocery market knows how hard it can be find. Finding frozen tejocote that also bursts with the same fresh, authentic taste is even harder. Agroin is changing that with its frozen produce and its ready-to-eat frozen Mexican delicacies, like cheese-stuffed peppers. Already a key supplier for La Huerta, Mexico’s largest frozen vegetable brand, Agroin now seeks to expand under its own distinct brands.
Entrepreneur: José Antonio Díaz
Provive is reinvigorating foreclosed and abandoned Mexican communities with vida, or life. According Infonavit and Sociedad Hipotecaria Federal, more than two million low-income homes built in Mexico over the past ten years are suffering the effects of abandonment and foreclosure due to poor urban planning and the absence of organized social structures that strengthen communities. Provive’s business buying, refurbishing, and reselling abandoned homes and building community centers and programs regenerate the urban and social fabric of Mexico.
Entrepreneur: Edgar Cory Crespo
Mexican marketing and media agency COLOüRS helps companies brighten up their branding. COLOüRS starts with a simple truth: consumers find advertising boring. Mass-marketing might reach many, but they engage few. COLOüRS creates memorable experiences to connect brands and celebrities with consumers who share a passion for fashion, art, music, entertainment, and sports. In order to be the gateway between premium brands, top talent, and elite consumers, COLOüRS operates three vertically integrated subsidiaries specializing in marketing and talent management. One of these is CMX Talent, the first formal talent management agency in Mexico. COLOüRS produces 150 events and festivals annually, including the biannual Mercedes-Benz Fashion Week Mexico and the Coca-Cola Fifa World Cup Trophy Tour.
Entrepreneur: Anabel Perez
The payments ecosystem in Latin America is faced with anemic technologies that are unable to meet the demands of an ever-changing payments landscape. This imbalance leads to an underdeveloped prepaid value chain, where banks are unable to reach lower income “unbanked” customers, enterprises lack a system to incentivize their employees, and retailers are forced to rely on costly cash payments. NovoPayment helps companies reach a broader base of customers and increase their revenues by providing them with the infrastructure to build their own prepaid and mobile wallet programs. The market for cash conversion to digital means, such as prepaid account services, is estimated to reach US$16 billion in 2015. NovoPayment facilitates 70 million transactions annually through a portfolio of 9,000 clients that spans Fortune 500 companies and Latino micro-businesses.
Entrepreneur: Brian Brackeen
Kairos’ facial recognition API captures the depths and contours of a 2D facial image through 85 points of interest and renders the image as a 3D model to ensure 99% identification accuracy. Even if people change their appearance – by growing a beard or putting on glasses – Kairo’s software will recognize them. The software’s pricing model allows clients to use it for free (for up to 50,000 identifications), and scale the service to meet their specific use requirements and budget.
The juice industry in Peru is ripe for innovation. Peru leads Latin America in its vast diversity of exotic fruits, and although juice has always been a staple of the Peruvian diet, production has remained informal, with most juice makers blending ingredients from small roadside carts. Disfruta is modernizing the juice industry in Peru by pioneering a chain of juice bars designed to appeal to sophisticated, health-conscious consumers. Peruvians drink one million liters of juice every year, with juice consumption skyrocketing at annual growth rates of 43%: two times the rate of their Latin American counterparts. Over the course of six years, Disfruta has taken advantage of this opportunity to launch 30 locations and aims to double its revenues by 2017.
Company: Pulso Salud
Pulso Salud is breathing new life into the healthcare industry. Occupational health laws are a growing trend in Latin America that are mandating employers to protect their workers from hazards to safety and health, such as exposure to toxic chemicals, excessive noise levels, or unsanitary conditions. In Peru, these legal mandates impose a particular challenge because of the inadequate state of the healthcare infrastructure. Pulso Salud tackles this healthcare deficit by providing medical exams to workers that ensure companies are in compliance with legal requirements. With four million individuals working in the formal economy, the market for Pulso Salud’s services is $400 million in Peru alone. Having already established two medical centers in Arequipa and one in Lima, Pulso Salud seeks to use its existing traction to expand its footprint domestically.
Entrepreneur: Sira Perez de la Coba
Company: Shot & Shop
Shot & Shop founder and CEO Sira Pérez de la Coba has invented the first image recognition and retrieval technology able to identify accurate visual matches in real-time, without having previously seen the image, pattern, or verbal tag. Shot & Shop’s proprietary technology has a host of commercial applications. In its first application, retail brands and digital advertisers are using Shot & Shop to better understand consumer preferences and improve the relevance and efficacy of targeted marketing, which drives online sales. The technology is especially equipped for real-time digital ad bidding, and is the only visual search technology able to make real-time digital ad recommendations based on a publisher’s visual content.
Entrepreneur: Cenk Soyak
For AloTech customers, the days of the phone operator are numbered. When Cenk Soyak founded the company in Turkey, local contact center solutions were extremely expensive and international players had not yet entered the market. Cenk built AloTech not only as a local and affordable contact center solution but also one that was technologically forward thinking, providing its services via the cloud. AloTech offers cloud-based and “pay-as-you-go” call center solutions, as opposed to traditional, on-premise, high cap-ex call center solutions. By eliminating hardware, software, and maintenance costs and offering flexibility and ease of use, AloTech offers significant advantages over its competitors.
Entrepreneur: Rafael Atijas
Company: Loog Guitars
Loog Guitars designs and sells three-string guitars for children that simplify the playing process without losing the quality experience. Loog’s customers assemble their own customized guitars. The experience of building the guitar instills in the child a sense of accomplishment and ownership, while allowing parents to share their appreciation for music and create memories with their kids.
The 2013-2014 Endeavor Global Impact Report is now available. This year’s report features updated profiles on the global offices, vibrant new visuals of Endeavor’s impact, and highlights of key milestones from the past year.
View the digital report by clicking HERE and learn more about the ways in which high-impact entrepreneurship is transforming growth markets, supporting local economies and innovating for future generations.
A special thanks to Open for their great design work on this year’s report.
Endeavor Insight and the Partnership for New York City Release “The Power of Entrepreneur Networks” Study of Nearly 700 Industry Trailblazers
Endeavor, with support from The Partnership for New York City and Barclays, released a report titled, “The Power of Entrepreneur Networks: How New York City Became the Role Model for Other Urban Tech Hubs” which identifies how founders who reinvest their success into others have greatly accelerated New York City’s tech growth.
“Endeavor has produced the first comprehensive analysis of the entrepreneurial ecosystem that has built Silicon Alley into a global center of innovation,” stated Kathryn Wylde, President & CEO of the Partnership for New York City.
“As companies become more successful, their founders are more likely to mentor, angel invest and become serial entrepreneurs. Companies that are connected to a top-performing company are twice as likely to become top-performers themselves,” said Fernando Fabre, President of Endeavor. “It’s a worldwide pattern that is an important building block for entrepreneurship.”
Over the past year, Endeavor conducted nearly 700 interviews with NYC tech entrepreneurs, combing through combined data from AngelList, Crunchbase and LinkedIn, with the aim of identifying lessons that leaders in other cities could use to support the growth of their own tech sectors. The study indicates that within the City’s tech sector, between 2003 and 2013: more than 2,200 companies were founded; there were 336 IPOs and acquisitions; $14.2 billion in investments and $18.1 billion in startup exits.
– New York City is the best role model for other urban tech hubs. It is the second largest tech hub in the world by most measures and the fastest growing over the last decade.
– Data from over 2,500 companies show that top-performing tech entrepreneurs are more likely than their peers to start new companies, encourage their employees to do the same, mentor, angel invest and inspire other entrepreneurs.
– Data from New York City’s tech sector debunks several common startup myths. For instance, the average NYC tech founder is thirty one years old and is more likely to have studied a non-technical subject in college than a technical one.
– Between 2003 and 2013, the New York City tech sector has grown twice as fast in terms of dollars invested as Silicon Valley’s, with its companies raising more than $3.1 billion in funding in 2013.
– Between 2010 and 2013, the number of New York City tech employees grew by more than 26% annually. Based on 2013 tax rates and a $100,000 average salary, the City could add nearly $160 million annually in new tech employee income tax receipts by 2019 and over $500 million by 2024.
– Tech companies led by local entrepreneurs directly employ 53,000 people, over 1% of New York City’s workforce.
– Venture funding for tech companies in New York City increased by 240% from 2003 to 2013, and more than 85% of the sector’s current companies and 86% of its current jobs were created during this time.
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