The 2012-2013 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 emerging markets, supporting local economies and innovating for future generations. To download a PDF version of the report, click HERE.
A special thanks to Open for their great design work on this year’s report.
On Friday, November 8th, the 2013 Endeavor Gala brought together over 600 entrepreneurs, business
This year’s event honored Sir Richard Branson – business magnate, serial entrepreneur and founder of Virgin Group – and featured a Q&A session between Branson and Endeavor Board Chairman Edgar Bronfman, Jr. During the Q&A, Branson emphasized the the importance of having the right support system and network for emerging entrepreneurs hoping to take their ideas to the next level.
“The feedback I get from entrepreneurs I’ve met who come in contact with Endeavor is great. Having mentors who can really give you advice is so important, and I suspect a lot of us in this room wouldn’t be where we are today without those mentors. To have an organization that’s going into countries all around the world and doing that is fantastic.”
Watch the live Q&A:
Co-founder and CEO Linda Rottenberg highlighted the ‘magic’ of Endeavor, and the ways in which the organization has transformed the notion of entrepreneurship, looking beyond the traditional startup towards creating sustainable ecosystems and economies worldwide.
“What we call magic is actually the spark that emerges between the performer and the audience. They create the magic together. The same applies to Endeavor. After 16 years, we know how to find the best entrepreneurial talent even in the unlikeliest places, but that’s only half of the equation. If we really want to create that spark, we need all of you to join with us. Become a mentor, support Endeavor Catalyst, help us build this organization of entrepreneurial game-
Watch Linda’s speech:
The program ended with a performance by Atlantic Records recording artist Lauriana Mae. After dinner, attendees enjoyed the annual after-party with special guest DJ Hannah Bronfman. View photos from the Gala cocktail and dinner program here, and for all of the photos from our photobooth click here.
Learn more about the magic of Endeavor:
Reuters reporter Jennifer Rogers sits down with Endeavor Board Chairman and former Warner Music Group CEO Edgar Bronfman, Jr. for its “Wealth Effect” video series to discuss his passion for philanthropy and Endeavor’s mission. The series regularly features “in-depth conversations with CEOs, high-profile investors and celebrities about how they give back to the world around them.”
In the interview, Bronfman cites his family as inspiration for his charitable efforts, and describes his investment in Endeavor as “not just about creating jobs, but about changing perceptions.” He also highlights the example of Leila Velez, whose success after her selection as an Endeavor Entrepreneur in 2005 demonstrates the potential of high-impact entrepreneurs to transform their communities and local economies.
Watch the entire interview to learn more about Bronfman’s take on the selection process, what has surprised him most about the organization, and how he plans to pass on the spirit of philanthropy to his kids.
Endeavor announced this month that it will add to its presence in Asia with the launch of its 2nd Asian affiliate in Malaysia. The launch is supported by some of Malaysia’s most influential entrepreneurs and corporate heads and was announced during the 4th Annual Global Entrepreneurship Summit, hosted this year by the Malaysian government in Kuala Lumpur October 11 – 12.
With a population of 27 million, one of the smallest in the region, Malaysian entrepreneurs with significant growth potential must look outside their home country for growth opportunities. Operating in 18 countries around the world, Endeavor is poised to assist Malaysian entrepreneurs get the world class support they need to scale their businesses globally.
Recent trends show signs of optimism from entrepreneurs. Malaysia’s rate of early-stage entrepreneurial activity, while still one of the lowest among efficiency-driven economies, has grown from 4 to 7% (2009-2012). According to the Global Entrepreneurship Monitor, the fear of failure rate has fallen from 65% to 36% in the same time period. Under the ‘New Economic Model’ (NEM) for Malaysia, the Prime Minister has made entrepreneurship the key driver of the economy for the next 10 years with special emphasis on innovation and the entrepreneurial drive of its citizens.
“We are excited to build on the existing positive momentum from the private & public sectors by focusing on what we do best,” said Endeavor co-founder and CEO Linda Rottenberg. “Endeavor helps unleash the tremendous social and economic value of High-Impact Entrepreneurs.”
Founded in 1997, Endeavor selects and supports high-impact entrepreneurs who have the potential to scale from promising SMEs into companies that create hundreds, if not thousands, of jobs and generate significant revenues. Once selected, Endeavor Entrepreneurs are given world-class strategic mentoring advice, access to key networks and other tools and talent programs that will catapult them to success.
In the past 16 years Endeavor has selected 844 high-impact entrepreneurs from 15 countries around the world in Latin America, Africa, the Middle East, Turkey, and Southeast Asia. In 2012, these entrepreneurs generated US $6.0BN in revenue and had created 250,000 jobs.
All Endeavor affiliates are spearheaded by a local board of leading business people; each of whom believes that high-impact entrepreneurship can transform economies. The Endeavor Malaysia founding board will be chaired by Afzal Abdul Rahim, CEO of TIME. He will be joined by Mark Chang, Founder & CEO of Jobstreet.com; Tony Fernandes, Founder of Tune Group; Nazir Razak, Managing Director & CEO of CIMB Group; Shahril Shamsuddin, President & CEO of SapuraKencana Petroleum; Brahmal Vasudevan, Founder & CEO of Creador; Wong Thean Soon, Co-founder & Managing Director of My EG Services.
“As an entrepreneur, I know how important mentorship can be,” said Board Chairman Rahim. “Endeavor can provide valuable support to Malaysia’s next generation of high impact entrepreneurs.”
The board has nominated Zaman Ahmad as Managing Director, overseeing the successful launch of Endeavor Malaysia. Mr. Ahmad previously served as an executive at Air Asia Bhd. He will lead the day-to-day operations of the Endeavor office in Kuala Lumpur and will be involved in screening the first entrepreneur candidates for consideration.
Endeavor Hosts 50th ISP: 26 High-Impact Entrepreneurs from Argentina, Brazil, Chile, Colombia, Egypt, Lebanon, Mexico, Saudi Arabia and Turkey Join the Endeavor Network
Palo Alto, CA – October 11, 2013 – Endeavor selected 26 High-Impact Entrepreneurs at 16 companies from Argentina, Brazil, Chile, Colombia, Egypt, Lebanon, Mexico, Saudi Arabia and Turkey at its 50th International Selection Panel. Endeavor now supports 844 High-Impact Entrepreneurs from 538 companies in 16 emerging and growth market countries. The entrepreneurs were chosen at a panel held from October 7 – 9 on the campus of the Stanford Graduate School of Business in Palo Alto. Panelists ranged from Silicon Valley venture capital executives to business leaders from 10 countries drawn from Endeavor’s extensive global network.
“We originally started Endeavor to bring some of the Silicon Valley magic to the far corners of the world,” said Endeavor co-founder and CEO Linda Rottenberg. “It’s gratifying to bring some of the entrepreneurial magic we have discovered in those regions back to the Valley for a special sort of mash up.”
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 its final 2013 Selection Panel in Dubai, UAE, December 10 – 12, 2013.
Brief descriptions of the selected entrepreneurs and companies follow.
FROM LATIN AMERICA:
Entrepreneur: Vanesa Duran
Company: Vanesa Duran Joyas (www.vanesaduran.com)
Description: Over the past ten years, Vanesa Duran has built a multi-million dollar jewelry company that takes advantage of a powerful, direct selling model to empower women and provide middle and lower income consumers throughout Argentina with access to quality jewelry. The company offers two product lines: The hallmark brand, Vanesa Duran Joyas, and a more affordable alternative for daily use, Oversize Markets.
Entrepreneur: Joaquim Caracas
Company: Impacto Protensao (www.impactoprotensao.com.br)
Description: Impacto is laying the groundwork for a greener Brazil by developing reusable, sustainable, and easily-assembled construction products. Using an innovative technique called “post-tensioning,” Impacto fuses recycled plastic concrete slabs into flooring and uses 85% less wood than traditional methods in the process. Since its founding in 1996, Impacto has signed industry-leading Odebrecht and ArcelorMittal as clients and has registered 17 patents. Looking ahead, Joaquim plans to expand the company’s use of recycled plastic to new construction challenges.
Entrepreneur: Leonardo Simão
Company: Bebê Store (www.bebestore.com.br)
Description: The largest baby e-commerce retailer in Brazil, Bebê Store offers parents a unique online shopping experience by guaranteeing a wide selection of high quality products, terrific customer service, affordable shipping, and a flexible return policy. With industry leading revenues, customer service, and product selection, Bebê Store is on track to become the largest and most efficient online retailer of baby products in South America.
Entrepreneur: Eduardo Cretier
Company: International Quality Systems
Description: International Quality System (IQS) saves industrial companies time and money by diagnosing and eliminating static equipment failures in large-scale production processes predominantly in the pulp and paper industry. This not only allows for improved operational reliability, but also minimizes industrial plant “down time” through nontoxic diagnostic x-ray machines that can run while plant workers are present. Their proprietary software reduces overall maintenance costs by identifying future maintenance needs to avoid emergency plant shutdowns, factors which greatly improve client production and profitability. IQS counts some of Chile’s largest cellulose companies as clients.
Entrepreneurs: Javier Sainz, John Alarcon
Company: Prodalysa (www.prodalysa.cl)
Description: Prodalysa’s groundbreaking technology extracts a 100% natural sugar alternative from stevia plants. The company sells two core stevia products: a pure stevia extract that can be adapted for industrial use and a pre-mixed blend stevia extract for commercial products. Prodalysa has already captured 80% of Chile’s stevia market and has pioneered the extract’s usage in new industries, like dairy. Javier and John are in the process of developing a private label option in sachet, tablet, and bottle form.
Entrepreneurs: Alex Torrenegra, Tania Zapata
Company: Bunny Inc. (www.voicebunny.com; www.voice123.com)
Description: Bunny Inc. is making a lot of noise in the voice casting market, disrupting the way voice actors and buyers connect. Before, the process of finding voice actors for a project took weeks and could cost thousands of dollars. Today, thanks to Bunny Inc’s VoiceBunny and Voice123 online platforms, buyers anywhere in the world can find professional voices in less than ten minutes. By dramatically lowering the cost and time to acquire a voice, Bunny Inc. is opening the market to many new applications for professional voices.
Entrepreneurs: Ricardo Ortiz, David Ortiz
Company: SIIGO (www.siigo.com)
Description: No business is too small for SIIGO, an Endeavor Colombia company looking out for the little guys. SIIGO’s financial, accounting and management software enables small businesses to better manage their financial information and increase efficiencies while minimizing costs. The company offers competitive pricing while promising agile product innovation capabilities through iSiigo, its integrated cloud based business management solution.
Entrepreneurs: Javier Lozano, Fernanda Zorrilla
Company: Clínicas del Azúcar (www.clinicasdelazucar.com)
Description: Diabetes has reached epidemic proportions in Mexico, with 70,000 deaths attributable to the disease each year. Clínicas del Azúcar (Sugar Clinics) seeks to turn these alarming statistics around, offering specialized, affordable diabetes care to low to middle income patients who otherwise would go under- or untreated. With its one-stop shop model, Clínicas has reduced patients’ annual costs by 75%, lowered their diabetes complication rates by 60%, and increased adherence to treatment by 1300%.
Entrepreneurs: José Akle, Sebastían Barrios
Company: Yaxi (www.yaxi.mx)
Description: Yaxi is a taxi hailing app for iPhone and Android that instantly connects passengers in Mexico City with taxis that are screened for quality, tracked for safety, and technically equipped for optimal route and payment efficiency. By working with ordinary taxis and charging passengers a low $1 commission fee, Yaxi brings quality, safety, and convenience to the masses at less than half the cost of black car hailing services, while significantly increasing driver earnings. Yaxi is already the #1 taxi hailing app in Mexico City, and is positioned to extend its lead across the region.
Entrepreneur: Carlos M. Anaya Rodríguez
Company: Parquimóvil (www.Parquimovil.com)
Description: The traditional parking meter- an outdated 73-year old machine- is calling for a new solution. Parquimóvil is rejuvenating this outdated infrastructure by providing a virtual parking registration system distributed through mobile phones and authorized retailers. Parquimóvil enables municipalities to avoid the installation and operational costs of parking meter infrastructure while simultaneously collecting data to improve public safety and urban planning. With Mexico ranking top on the “commuter pain” index, Parquimóvil removes commuter frustration associated with locating and paying for a parking spot.
Entrepreneur: José de Jesús González Macín
Company: Barared (www.barared.mx)
Description: Founded in 2006, Barared caters to the underserved market and in doing so is reinventing micro-commerce in Mexico. Barared offers the base of the pyramid population in Mexico access to essential services ranging from mobile phone top-ups to bank transactions in a convenient and affordable manner. The company has installed over 1,000 kiosks in “mom and pop” shops across Mexico City where customers can perform transactions without visiting banks and other government offices which are often located at a great distance from the customer.
Entrepreneur: Jose (Pepe) Islas, Jose Bezaury, and Antonio Vilches
Company: Grupo Archipielago (http://www.archipielagocorp.com/)
Description: Before 2009, entertainment options for hip young professionals in Mexico City were limited to large, crowded, and expensive clubs that delivered a single, formulaic experience. Today, trendsetters can be found scattered across a series of cutting-edge “islands” – venues distinct in concept but united by the creative vision of Grupo Archipielago. Grupo Archipielago offers unique, alternative experiences across a portfolio of restaurants and bars.
FROM THE MENA REGION:
Entrepreneur: Amr El Tayeb
Company: Smart Care Medical Services (http://smart-medicalservices.com/services.html)
Description: Smart Care offers corporate clients customized and discounted health care plans with access to over 400 health care providers (hospitals, clinics etc.). Smart Care educates clients’ employees about the plan, manages the revision process, and provides extensive customer service to beneficiaries, clients, and providers alike. For those not on a corporate healthcare plan, Smart Care provides discount medical cards.
Entrepreneurs: Eddy Maroun & Elie Habib
Company: Anghami (www.anghami.com)
Description: Anghami is a music streaming mobile application that offers music enthusiasts the opportunity to listen to a wide variety of Arabic and English tracks from the convenience of a mobile phone. Anghami’s music library features licensed content from leading Arabic labels such as Rotana and Mazzika, as well as from major international labels including Sony, Warner, and Universal. With the music streaming market valued at US$1 billion and growing, Anghami is well poised to capitalize on the trend in the underserved MENA market.
Entrepreneurs: Amr S. Al Madani, Saeed Atef Saeed
Company: TalentS (www.talents.edu.sa)
Description: TalentS is working to improve the quality of science, technology, engineering, and math (STEM) education throughout Saudi Arabia. TalentS has developed creative, hands-on, and engaging methods for teaching STEM at robotics competitions and science fairs. The entrepreneurs are now applying their expertise to additional STEM-related learning opportunities, including managing STEM museums, designing exhibits, organizing corporate social responsibility events, and training teachers and students.
Entrepreneurs: Ömer Paksoy, Onur Tekinturhan
Company: Konut Kredisi (www.konutkredisi.com.tr)
Description: Konutkredisi.com.tr (Turkish for “home loan”) is the country’s first online loan brokerage platform, offering both mortgage and unsecured personal loan products from 16 of Turkey’s 21 major banks. Konutkredisi has become an important partner for borrowers and lenders alike. As Turkey’s home loan market is still emerging, Konutkredisi’s platform seeks to educate consumers in addition to allowing them to transparently compare products. At the same time, Konutkredisi has helped banks improve conversion rates and find new customers.
Jenn Lim is the CEO and Chief Happiness Officer of Delivering Happiness, a company she and Tony Hsieh (CEO of Zappos.com) co-founded to inspire science based happiness, passion and purpose at work, home and everyday life. In 2010, Jenn led the launch and management of Tony’s first book (Delivering Happiness) which has sold over 460,000 copies worldwide. Today, she’s dedicated to growing the Delivering Happiness movement so we can all pay happiness forward — knowing if we create happier companies/communities/cities, we can make this a happier world.
0:04 On What Creates Happiness for our Lives
5:22 What Would You Do Without the Fear of Failure?
7:21 Priorities at Zappos: Company Culture and Customer Service
10:55 Lessons from Zappos: Commitment, Core Values, Transparency, Vision, Relationships, Building the Right Team
18:07 Employing the Science of Happiness at Zappos
22:37 Delivering Happiness in Action
On Friday, November 8th, join 500+ entrepreneurs, business leaders, and Endeavor board and network members in the heart of Manhattan for an unforgettable party: the 2013 Endeavor Global Gala honoring Sir Richard Branson, Founder, Virgin Group. To ask a question, become a sponsor, purchase a ticket or table, or make a donation, email email@example.com. All Gala proceeds support Endeavor’s work with high-impact entrepreneurs, as well as its efforts to expand to 25 markets by 2015.
The Gala will celebrate 16 years of high-impact entrepreneurship and honor Sir Richard with the High-Impact Entrepreneur of the Year Award. The program includes a cocktail hour and dinner, an onstage Q&A with Sir Richard, a musical performance by Atlantic Records recording artist Lauriana Mae, and a not-to-be-missed after-party.
Make a donation in support of the Gala or in honor of Sir Richard here.
Make a donation in support of the Gala or in honor of Sir Richard here.
In the news
- December 3rd, 2013
- November 25th, 2013
- November 21st, 2013
- November 20th, 2013
- View All