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Mexico’s Intellego Named a World Economic Forum Global Growth Company in Latin America

Intellego

Founded by Endeavor Entrepreneurs Felipe Labbé and Vicente Perez, Mexico-based Intellego was recently named by the World Economic Forum as a Global Growth Company (GGC) of 2014, which highlights 16 of the region’s most innovative  and high-impact companies. GGCs are fast-growing ventures with the potential to become economic leaders based on factors such as their business models, growth record, leadership and the markets they serve, having experienced  growth rates above their industry averages over the past three years. The Forum’s GGC community has now grown to over 360 companies representing more than 65 countries.

After realizing that Mexican businesses needed a better way of storing large amounts of information without relying on external databases, Felipe and Vicente founded Intellego to offer solutions for information, processes, and IT management for medium and large clients. The company’s model delivers affordable solutions that utilize clients’ existing technology infrastructure, now expanding its service offerings across a range of sectors including advanced analytics, management consulting, supply chain management, IT outsourcing and more. With over a thousand professionals in its network, Intellego operates in six countries in Latin America and has also expanded operations into the U.S.

Since joining the Endeavor network in 2010, the entrepreneurs have sought strategic advice from Endeavor’s network of mentors on the company’s international expansion strategy and talent recruitment goals. Felipe and Vicente have also become active panelists, attended the 2013 Endeavor Gala and Summit, and are active in sourcing future entrepreneurs into the Endeavor pipeline.

Read more about this year’s GGCs of Latin America by clicking here.

Mexico’s Carrot Raises $2 Million In New Funding Round, Aims to Lead Car-Sharing Market

Carrot-car-450x300Mexico-based Carrot, founded by Endeavor Entrepreneurs Diego Solorzano and Jimena Pardo, recently raised $2 million in a series B funding round led by Venture Partners. With participation from Auria Capital  and previous backer Mexico Ventures, the company’s total funding has reached $3.5 million.

The car-sharing model, similar to the popular U.S.-based service Zipcar, is looking to lead the car-share industry in the region, offering an alternative to vehicle ownership and rentals in the emerging Mexican market. Over the next two years, the Carrot team aims to expand to 10,000 members in 15 cities and add more than 300 cars to its fleet. Following the acquisition of competitor Ubicar in 2012, Carrot currently operates in Mexico’s three largest metro areas. The investment will help the team continue to drive plans for national expansion while also exploring other markets in the region.

Since joining Endeavor at the 44th Endeavor ISP in London in 2012, Diego and Jimena are demonstrating their high-impact potential by becoming active members of the network, receiving custom advising from local Endeavor mentors and participating in Endeavor Investor Network events.

Read more about Carrot’s funding news in TechCrunch.

Colombia’s Ecoflora Featured in WIPO Case Study Highlighting Advancements in R&D

LogoEcoflora2Colombia-based Ecoflora, founded by Endeavor Entrepreneur Nicolás Cock Duque, was recently profiled in a case study by the World Intellectual Property Organization, a global forum for IP services, policy and cooperation, created as part of the United Nations and including more than 180 member states. The group’s mission is to lead the development of an international intellectual property system that enables and protects innovation and creativity rights. Ecoflora’s patent and trademark progress in the biotechnology space caught WIPO’s attention, leading to an in-depth study on how the company leverages its assets, fosters private-public sector collaboration, and pioneered an industry in an unexpected market.

A biotech and natural products company that provides a range of alternative ingredients for use in agriculture, food and personal care products, Ecoflora has transformed the region’s industry and demonstrated potential for high-impact, global growth. With over 15 products and 30 applications developed over the past decade, Ecoflora is a testament to the potential of emerging markets to drive innovation despite challenging economic factors, having already filed for nearly a dozen patents on an international scale.

Originally a family-owned flower business established in 1998, Ecoflora presented Nicolás - a civil engineer by trade – with the opportunity to develop commercial and sustainable products for the horticultural industry. By 2012, the company had over 15 major products in its portfolio, ranging from EdiBlue, a food and beverage colorant, to Myrica Waxm, a berry extract that can be used as a base in cosmetics and soaps. Having struck partnerships with universities, government institutions and laboratories to develop its products and promote agricultural research, Ecoflora is uniquely positioned to bridge barriers to scale in the region and take its niche market to a global stage.

Now with over 40 employees in his Medellin headquarters alone and over 20 R&D laboratories in his network, Nicolás has demonstrated how access to mentorship, capital and talent can enable emerging market entrepreneurs to become high-impact leaders. Since being selected as an Endeavor Entrepreneur in  2007, Nicolás has been an active network member, receiving  local publicity support and mentorship while also participating in the eMBA and G-Lab programs, the 2013 Endeavor Summit, and more.

“Endeavor helped us refine our global strategy and business model as well as understand our opportunities for scale,” Nicolás said in an interview. “With our intellectual property in particular, Endeavor mentors offered invaluable advice that will help guide our international expansion strategy and show that Colombia is a cradle of sustainable innovation and talent.”

Read the entire WIPO case study by clicking here.

Endeavor and the SAP Social Sabbatical Program Featured in Stanford Social Innovation Review

SSIR_Logo_2013The Stanford Social Innovation Review recently profiled the Social Sabbatical program at SAP, an Endeavor sponsor, and the software giant’s efforts to transform emerging market economies by leveraging the expertise of its employees. Developed in partnership with  PYXERA Global, the program offers high-performing employees the chance to work with emerging market organizations and entrepreneurs in order to gain critical leadership and cross-industry skills.

Co-authored by Alexandra van der Ploeg, interim head of global CSR at SAP, and Deirdre White, CEO of PYXERA, the article emphasizes the need for corporations to better equip their talent base with knowledge of emerging markets, while also giving employees the opportunity to pursue socially-conscious causes. Launched in 2012, the Social Sabbatical program is SAP’s initiative to address these understandings, allowing employees to participate in short-term pro-bono assignments with growing organizations around the world.

In particular, a global group of 12 SAP employees, including marketing managers, software engineers, quality controllers and more, traveled to Johannesburg in October 2013 to spend a month advising four organizations, including the team at Endeavor South Africa. In order to address the challenges of growing a network of mentors and potential investors, three SAP employees worked with the local office to design an implementation strategy for an Investor Network event, research prospective markets and investors, and craft an internal and external marketing strategy. Learn more about Endeavor South Africa’s work with the program by clicking here.

Earlier in 2013, the Review also highlighted Endeavor’s partnership with EY on the Americas Corporate Responsibility (CR) Fellows Program (now the EY Vantage Program), which also places high-performing employees on short-term assignments with emerging market companies. In the piece, Endeavor CEO Linda Rottenberg and Deborah K. Holmes, EY Americas Director of Corporate Responsibility, presented essential tips for designing successful CSR programs. Since 2006, EY Fellows have donated nearly 30,000 hours to working with Endeavor Entrepreneurs in the Americas.

View the full SSIR piece by clicking here.

Endeavor Catalyst Invests in Argentina’s GoIntegro and Brazil’s ToLife Following New Rounds of Funding

Endeavor-Catalyst-LogoEndeavor Catalyst recently announced co-investments in Argentina’s GoIntegro and Brazil’s ToLife following new rounds of financing raised by both companies. Led by Riverwood Capital and Kaszek Ventures, GoIntegro’s $5 million Series B round will help the growing software firm continue its expansion efforts in Latin America. Similarly, ToLife’s Series B round led by Vox Capital will support the healthcare technology firm’s plans to serve more health centers and patients throughout Brazil.

gointegroFounded by Endeavor Entrepreneurs Germán Dyzenchauz and Gaston Lejtman in 2002, GoIntegro is a leading SaaS social engagement platform for companies in Latin America, offering a suite of software applications to manage internal communications, corporate benefits, recognition programs and incentives. With presences in Argentina, Brazil, Chile, Colombia, Peru, Uruguay and Ecuador, the company boasts more than 300 corporate clients and reaches upwards of one million daily users with revenue growth of 30% in 2013. As a result of this latest investment, GoIntegro aims to further its expansion efforts in Latin America, specifically in the Mexican and Brazilian markets. Riverwood and Kaszek also led the company’s Series A round in 2012, and this latest announcement reaffirms investor faith in the entrepreneurs’ high-impact business model.

Since joining the Endeavor network in 2011, Germán and Gaston have received custom mentoring and strategic advising from Endeavor’s network along with connections through Endeavor Investor Network events, culminating in Endeavor Catalyst’s participation in this latest round.

“Being selected by Endeavor as high-impact entrepreneurs was incredibly helpful in allowing us to achieve our growing goals, close investment rounds and share experiences with an extensive network of mentors and entrepreneurs,” said Germán in a statement. “We feel part of a community around the world with common problems and challenges, and Endeavor is the epicenter of it all.”

TolifeBased in Belo Horizonte, Brazil, ToLife was founded by Endeavor Entrepreneur Leonardo Lima de Carvalho in 2009 with the goal of innovating Brazil’s healthcare system, which has been plagued by inefficiencies and lagging patient wait times. ToLife is a system that automates the patient screening process based on individual risk ratings, leveraging internationally recognized health protocols. The system manages the flow of patient care in emergency units and monitors the capacity of other care centers in the surrounding area with its three-part software, hardware and service bundle. Since its founding, the company has worked to cut both the risk of mortality caused by cardiovascular complications and the average patient wait time in half, having implemented more than 5,000 healthcare units across 850 Brazilian cities.

Since joining the Endeavor network in 2012, Leonardo has received local advisory services from Endeavor mentors and participated in global events like the Endeavor Summit and Endeavor Investor Network sessions. It was at a June 2012 Investor Network event in London that Leonardo made a connection with Kelly Michel, the UK-based co-founder of Potencia Ventures and Vox Capital. This introduction ultimately led to Vox Capital’s Brazil team becoming the lead investor on this recent round and Endeavor Catalyst’s ability to participate.

About Endeavor Catalyst

Endeavor Catalyst is a passive co-investment vehicle that allows Endeavor Global to invest in Endeavor Entrepreneurs in a neutral, unbiased way. The main goal of this program is to use the returns of the investment to support Endeavor’s operations. The fund also contributes to Endeavor’s mission as it promotes professional third-party angel and venture capital investors to take a stronger interest in emerging market investment opportunities. Learn more about Endeavor Catalyst by clicking here.

Endeavor Research Featured in Top Outlets Including The Atlantic, Inc. Magazine and The New York Times

IncNYTAtlanticRecent research released by the Endeavor network was featured in top news publications including The Atlantic, Inc. Magazine and The New York Times, highlighting a growing public interest in global entrepreneurship and the efforts of high-impact entrepreneurs.

Inc. Magazine, The Atlantic and The Atlantic Cities profiled Endeavor Insight’s findings on what entrepreneurs look for in a city and the qualities that prove most attractive to founders. Read a recap of the articles by clicking here.

In addition, research from Endeavor Greece on the country’s entrepreneurship and investment opportunities was mentioned in a piece in The New York Times and spotlighted in a BloombergTV interview with Endeavor Greece Managing Director Haris Makryniotis. Read about the research and view the interview by clicking here.

Endeavor Staff Featured at the 2014 Global Entrepreneurship Congress in Moscow

GEC2014The 2014 Global Entrepreneurship Congress  took place in Moscow, Russia this year from March 17th – 20th, convening industry leaders, top entrepreneurs and policymakers in an annual event that promotes ecosystems of entrepreneurship and innovation worldwide. The main planning event for Global Entrepreneurship Week, an Endeavor partner, this year’s GEC was also co-hosted by the Moscow City Government and the Kauffman Foundation. Eleven members of Endeavor’s staff attended representing offices in Argentina, Brazil, Chile, Colombia, Mexico, Turkey, Uruguay, and the U.S.

With over 7,000 participants from more than 150 countries, the four day conference highlighted themes ranging from ecosystem development to startup financing, featuring an agenda of over 80 events taking the form of interactive workshops, keynotes and speaker sessions. Notable speakers this year included Peter Vesterbacka, CMO of Rovio Entertainment, Kathleen D. Kennedy, Chief Strategy Officer of MIT Technology Review, Boris Titov, Russian Federation Presidential Commissioner for Entrepreneurs’ Rights, Karim Rashid,  industrial designer and architect, and Ingrid Vanderveldt, Entrepreneur-in-Residence at Dell.

From the Endeavor network, five staff members had the opportunity to speak at this year’s events, demonstrating the organization’s growing role in the global entrepreneurship landscape. Below are highlights of Endeavor’s participation this year.

Endeavor Insight Director Rhett Morris spoke on a panel focused on “Moving Towards Evidence-Based Policy-Making”, which highlighted the disparity between entrepreneurship policy and the actual needs of entrepreneurs and small business owners. During the panel, Rhett pointed to a recent Endeavor Insight report on Miami’s entrepreneurship ecosystem, which revealed that what entrepreneurs viewed as their biggest challenges differed from the views of policymakers, reinforcing the need for local leaders to craft programming and agendas based on more research and direct feedback from entrepreneurs. In addition, Rhett moderated a panel on “Mapping Entrepreneurship Ecosystems”, which highlighted an emerging field of data visualization that focuses on trends in entrepreneurship and seeks to better identify and understand global ecosystems. In particular, the panel discussed the need for organizations to share research and data and involve entrepreneurial communities in the process of mapping, which has the potential to reveal significant patterns and insights to business leaders, policymakers and the general public.

Endeavor Global’s Marissa Carberry, a Manager on the Marketing & Communications team, participated in a “Social Media 101″ panel session tailored to GEW Lead Hosts, with the goal of identifying best practices for managing social media campaigns and maximizing engagement during GEW. Marissa and Endeavor Turkey‘s Senior  Marketing Associate Alev Ertem discussed a joint Endeavor social media campaign entitled #EndvrTale conducted during GEW 2013, highlighting Endeavor Entrepreneurs and taking advantage of the week-long social conversation occurring around global entrepreneurship. Read more about Endeavor’s efforts during GEW 2013, including highlights from Twitter, by clicking here. Alev also made note of Endeavor Turkey’s partnership with Endeavor Entrepreneur company Youthholding, founded by Aslı Caner and Emrah Kayawhich has helped the office improve its digital and social presence across multiple channels with a particular focus on engaging younger generations of entrepreneurs in the region.

Managing Director of Endeavor Argentina Gabriela Macagni participated in a session of presentations entitled “Pitches and New Ideas”, which allowed various organizations to present innovative developments in their programming or events. Gabriela introduced the Startup Camp Latin America program, a series of digital events hosted by Argentina during GEW 2013 that convened over 4,000 Latin American entrepreneurs online for educational and support programming focused on startups. Finally, Pamella Goncalves from Endeavor Brazil‘s Entrepreneur Services team spoke on a panel session focused on “Metrics, Impact & Funding”, detailing methods for measuring and gauging the impact of entrepreneurship-focused organizations.

Endeavor has a been an active supporter of the GEC since it launched in 2009, even co-hosting the 2013 GEC in Rio de Janeiro which also featured many members of the Endeavor network, including staff, mentors and entrepreneurs. To learn more about this year’s conference, including summaries of the events and video highlights, click here.

Two Mexico Entrepreneurs Named Schwab Foundation Social Entrepreneurs of the Year for 2014

schwab foundationThe  Schwab Foundation Social Entrepreneur of the Year Awards is an annual list of the top innovators driving global, regional and industry agendas to improve the state of the world. The 2014 list of 30 entrepreneurs includes two Endeavor Entrepreneurs from Mexico - Javier Lozano, co-founder of Clinicas del Azucar, and Patrick Struebi, founder of Fairtrasa. This honor demonstrates the impact of Endeavor Entrepreneurs in the social sector and the increasing global recognition of entrepreneurs working to transform under-served communities.

Javier co-founded Clinicas del Azucar (“Sugar Clinics”) with fellow entrepreneur Fernanda Zorrilla in order to serve diabetes patients in Mexico, where the disease claims the lives of tens of thousands each year. The chain of low-cost diabetes management clinics aims to address issues of prevention, treatment and awareness in low-income communities where proper care is often lacking. The Clinicas have reduced patients’ annual costs by 70% and lowered diabetes complication rates by 60%, addressing a critical socioeconomic issue with an innovative healthcare model. Since joining the Endeavor network at the 50th ISP in 2013, the entrepreneurs have been active in sessions with Endeavor mentors, developing a strategy to improve and expand upon their business model.

Patrick left the corporate sector after almost a decade in order to start Fairtrasa, a fair trade and organic produce company based in Michoacan, Mexico. Fairtrasa works with hundreds of small farmers in Mexico and other emerging economies in Latin America to produce and distribute high-quality organic and fair trade fruits, wine, and spices in international markets at reasonable prices. The social enterprise aims to help small farmers out of poverty while opening the global market to local goods, equipping its network with financial capital, training programs and technical support. Since his selection at the 39th ISP in 2011, Patrick has received custom advisory from Endeavor’s Venture Corps network while also regularly participating in leadership and fundraising events.

Other Endeavor Entrepreneurs who have been honored by the Foundation in past years include Mois Cherem of Mexico’s ENOVA, Felipe Vergara of Colombia’s Lumni, and Bedriye Hülya of Turkey’s B-Fit. View the full list of 2014 Awardees by clicking here.

Watch the Awards ceremony at the World Economic Forum on Latin America (April 1st – 3rd) in Panama City:

Colombia’s Bodytech Plans Expansion in Latin America, Profiled in El Espectador

bodytechColombia-based Bodytech, founded by Endeavor Entrepreneurs Nicolas Loaiza Galeano and Gigliola Aycardi Batista, recently announced plans for expansion in five Latin American countries as the business prepares to become a publicly listed company. Bodytech’s steady success led to a recent profile in El Espectador, a leading national Colombian newspaper, which highlighted the brand’s recent growth and acquisitions.

Now with 58 Colombian locations spanning major metropolitan areas including Bogota, Medellin and Cartagena, Bodytech also maintains 39 locations in Chile and 10 in Peru and is looking to enter Ecuador, Costa Rica and Panama by 2015. Projecting to grow to over 200,000 members and 150 fitness centers in the next few years, the company has also set its sights on revenue goals of $150 million as it builds upon its membership and expands the 3,500 jobs it has created since 1997.

With access to the right resources, Nicolas and Gigliola are a testament to the high-impact potential of emerging market entrepreneurs and have been active members of the Endeavor network since their selection in 2007. The team has received expert advice and support from Endeavor’s eMBA, G-Lab and ECLA programs, with specific guidance given on the strategic planning and execution of the brand’s fitness training institutions. In addition, the entrepreneurs have attended Endeavor Summits and received local-level access to mentoring and networking opportunities. In fulfillment of Endeavor’s model, Nicolas and Gigliola have also become mentors, panelists and active recommenders for future generations of potential Endeavor Entrepreneurs.

Read more about Bodytech’s news in El Espectador and El Colombiano.

Endeavor Greece Research Spotlights Local Entrepreneurship Scene; Featured in The New York Times and BloombergTV

endeavor-greece-logo-454280Endeavor Greece recently released findings in an infographic highlighting  the nation’s burgeoning entrepreneurship scene, the rise in local startups, and the influx of both domestic and foreign investment capital. With ventures in the ICT sector dominating, Greece is steadily making waves in the tech and innovation space as entrepreneurs lead the way for the region’s economic recovery. Between 2012 and 2013, the number of startups in the country more than doubled according to Endeavor Greece’s research, which was also mentioned in a recent New York Times article profiling the nation’s expanding ecosystem. In addition, Managing Director of Endeavor Greece Haris Makryniotis talked with BloombergTV about the nation’s “startup movement” and the potential for local entrepreneurs to become high-impact job creators, citing  the research and his own experiences with Endeavor’s Entrepreneurs.  View the full interview below or by clicking here.

When it was announced in  late 2012, the launch of Endeavor Greece made headlines in the midst of the country’s political and economic turmoil. Endeavor, however, saw a prime opportunity to bring its model to a struggling region and support high-impact, high-growth entrepreneurs that could create jobs and transform industries. Watch Linda Rottenberg discuss the the decision to enter Greece in this 2012 CNBC interview.


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