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2014 Global Entrepreneurship Summit in Morocco Spotlights the Endeavor Network

GES2014The 5th Annual Global Entrepreneurship Summit took place in Marrakech, Morocco this year, serving as one of the world’s largest celebrations of entrepreneurs who bring ideas to life by creating enterprises, driving economic growth and expanding human welfare. The event attracted over 3,000 participants to Morocco, including top entrepreneurs, high-level government officials, corporate leaders, students, and innovators from all over the world. The event was supported by Endeavor Morocco and featured key members of the local network.

As a knowledge partner of the GES, Endeavor Morocco produced a learning track on “Scale-Up Experiences” during which high-impact entrepreneurs shared stories of the challenges they faced while scaling their companies and multiplying their impact. Rhett Morris, Director of Endeavor Insight, also participated in a plenary session on “transforming the speed and scale of entrepreneurship” and presented the preliminary results of a research initiative on Casablanca’s entrepreneurship ecosystem. Watch Rhett’s address below.

Endeavor Entrepreneur Youssef Chaqor, founder of Kilimanjaro, had the opportunity to meet and participate in a roundtable discussion with U.S. Vice President Joe Biden. Youssef was cited by the U.S. Administrator for small businesses, Maria Contreras-Sweet, during the GES closing speech and was highlighted as an inspiring high-impact entrepreneur who is helping to support the next generation of entrepreneurs.

“Youssef pioneered a method to transform waste into energy by recycling used cooking oil into biofuel that reduces carbon emission by 70% compared to petroleum,” said Contreras-Sweet in her speech. “It’s an amazing advancement in science, but that’s not where Youssef’s story ends. Youssef is now creating a network of young entrepreneurs in charge of collecting oil from households to help improve the air that we breath. By 2020, Youssef hopes to create thousands of new jobs through this collection program. One entrepreneurs’ work holds the potential to create thousands of micro-entrepreneurs. You don’t have to be a brilliant scientist to change the world. We all have a role to play.” Watch the full speech below.

Endeavor Morocco was also present in the Innovation Village, where the team organized a booth to present the organization’s model and impact both in Morocco and on a global scale.

View video recaps of the entire Summit by clicking here.

Endeavor Celebrates Global Entrepreneurship Week Around the World; Focuses on the Impact of Scale-Ups

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Global Entrepreneurship Week (GEW) 2014 took place from November 17th – 23rd with a number of activities in celebration of the innovators and leaders that are transforming economies and promoting ecosystems of entrepreneurship worldwide. This year, more than a dozen Endeavor offices around the world hosted events during the week, joining 150 countries and more than 25,000 global activities and competitions. Each November, GEW works with supporting organizations to foster opportunities for collaboration, discussion and inspiration.

On social media, Endeavor Twitter handles globally participated in a campaign focused on the impact of scale-ups and their impact on economies and job creation. This campaign took the form of visuals highlighting the numbers of jobs created by Endeavor Entrepreneurs in all 20 of the markets the organization operates in, from Argentina to South Africa. In addition, Endeavor hosted a Twitter conversation with top entrepreneurship influencers focused on the #ScaleUpImpact of high-growth entrepreneurial ventures, inspired by The Global Scale Up Declaration. View highlights from the chat by clicking here.

 

Below are highlights of Endeavor’s GEW activities in a selection of countries where the organization has an established or growing presence.

Argentina

Endeavor Argentina organized an Experiencia Endeavor event in the city of Mendoza to highlight the development of the local entrepreneurial ecosystem, promoting Endeavor’s mission and entrepreneurs’ success stories. Endeavor Argentina also announced the expansion of its offices to Patagonia and Mendoza, both of which will be operating by 2015.

Brazil

In addition to leading the movement in Brazil by mobilizing partners, defining the national campaign and organizing key activities, Endeavor Brazil hosted  eight official “opening” events across its local offices. All of these events explored the theme of this year’s national campaign under the brand “Don’t Let Any Obstacle Be Greater Than Your Dream”, which brought together experts and entrepreneurs to discuss the challenges facing local ecosystems. Endeavor Brazil also participated in events organized by its partners, including a discussion on legislation related to entrepreneurial education hosted by the Chamber of Deputies and a competition for the best education initiatives conceived by the GEW National Board.

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Endeavor Brazil MD Juliano Seabra spoke at a national GEW event

Chile

Endeavor Chile promoted and hosted several large scale events across the country, including Endeavor Experiencia Patagonia which was one of the largest national events put on during GEW. Experiencias are high-impact events hosted by Latin American offices which seek to contribute to the development of local entrepreneurial ecosystems through workshops, presentations, discussions and more. Startup Day Chile closed GEW week with support from Endeavor Chile. Startup Day  is an event series of lectures and conferences for entrepreneurs with the goal of motivating and inspiring the 300 participants. Several GEW Chile program events took place all around the country, including a celebration of Women’s Entrepreneurship Day – it was the the first “Girls in Tech” event in Viña del Mar that aimed to kickstart a local community of women in technology.

Colombia

Endeavor Colombia was a major player in its local GEW events, helping to support a marked increase in participation nationwide – nearly 100,000 people attended Colombian events this year compared to only 2,200 in 2012. More than 420 activities were held throughout the country and Colombia stood out for its proactive and innovative initiatives. In Latin America, Colombia was recognized for organizing the most events and placed fifth globally behind the UK, the U.S., Algeria and Canada.

Egypt

Endeavor Egypt worked closely with the U.S. Middle East Partnership Initiative (MEPI) and the Embassy of the United States in Cairo to organize a half-day event titled “Entrepreneurship: From Start Up to Scale Up”. The event took place on November 19th during Women’s Entrepreneurship Day and all the talks and presentations were given by influential women in the entrepreneurship ecosystem. Endeavor Egypt Managing Director Heba Gamal gave the keynote speech, addressing Endeavor’s role in the ecosystem as well as the Endeavor multiplier effect.

Jordan

For the fourth year, Endeavor Jordan partnered with INJAZ, a non-profit youth organization, to host an educational event for INJAZ students during GEW. This year, Endeavor Entrepreneur company The Online Project led a two-hour workshop on “Social Media for Start-Ups: How to Accelerate Your Business”. The workshop was held at INJAZ’s headquarters and attended by students from the Company Start-Up Program (part of INJAZ’s Entrepreneurship and Employment unit). Participants received a comprehensive introduction on the value of social media for marketing their businesses, as well as tips and advice on effectively promoting new products and services online.

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Endeavor Jordan hosted a workshop focused on social media

Lebanon

As part of GEW in Lebanon, dozens of SMEs and industry leaders gathered on November 19th at Beirut Digital District (BDD) for IGNITE, a first-of-its-kind event where entrepreneurs pitched their products and discussed commercial deals with C-suite representatives from large corporations. Organized by Endeavor Lebanon and Beirut Digital District, the event united suppliers and buyers from the best Lebanese startups and leading companies in the real estate and finance sectors. Through a series of 15-minute discussions with each of the participating corporations, every attending entrepreneur got the chance to showcase their products and hear honest expert feedback, in a speed dating format. The entrepreneurs’ one-on-one meetings with decision makers and industry veterans offered much-needed market feedback on the proposed products. The speed dating sessions were followed by a networking event.

Peru

Endeavor Peru showed its support for various organizations that propel the regional ecosystem by being a part of a number of GEW events. The team was also involved in a number of conferences about entrepreneurship, including Start-Up APEC, an event that promotes innovative businesses and entrepreneurship in Asian-Pacific economies. Endeavor Peru was also represented at an entrepreneurship conference in Universidad San Ignacio de Loyol and as a judge in a business project competition at IPAE School of Business.

Kingdom of Saudi Arabia

Endeavor KSA participated in a number of GEW activities across the country. For the first time in Gizan, Endeavor KSA joined the First Innovation and Entrepreneurship Forum, which was attended by students, entrepreneurs and entrepreneurship-supporting organizations. Endeavor KSA Managing Director Rakan Al Eidi and Endeavor KSA entrepreneur Loai Neseem, founder of Lomar, got on stage and shared their stories and the impact of Endeavor to inspire youth in the region. The Asharqia Young Businessmen Council in the eastern side of the Kingdom organized its GEW event at the Asharqia Chamber hosting Rakan and Naif Alqahtani, LSS founder, to discuss the impact of Endeavor. Outside of the country, entrepreneur Lateefa Alwaalan, founder of Yatooq, joined the fifth Global Entrepreneurship Summit in Morocco, which highlighted the impact of technology on modern entrepreneurship. Lateefa served on a panel about promoting women’s entrepreneurship along with other recognized female entrepreneurs.

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The Global Entrepreneurship Summit in Morocco featured entrepreneurs from Endeavor KSA

South Africa

Endeavor South Africa hosted one GEW event at the Johannesburg office. The guest speaker was Jenali Skuse, Employer Branding Consultant at Universum, who addressed a gathering of over a dozen people in this closed event. Skuse highlighted the importance of attracting and retaining the best talent as a key determinant of business success. She also delivered an informative and inspirational session on the basics of employer branding, talent attraction and retention. This was followed by a breakfast and an opportunity to network. In addition, Endeavor South Africa supported over 120 regional activities.

Spain

Endeavor Spain Managing Director Adrian Garcia-Aranyos spoke at a GEW event with thought leaders like Jerome Engel and Pedro Nueno, where the board of GEW gave an elevator pitch on the challenges of entrepreneurship. Endeavor Spain also took part in an ANDE (Aspen Institute) event on entrepreneurship in the Mediterranean region.

Turkey

Endeavor Turkey’s reach during GEW has expanded to 252 events with 239 partners in 48 cities. The office created a movie screening roadshow for the Alibaba.com movie ‘Crocodile in the Yangtze’, with the VIP attendance of the movie director and former Alibaba VP Porter Erisman. It was screened in seven universities in two cities (Istanbul & Ankara) and  at two VIP events, one of which was an annual signature event titled the Good Initiative Summit. Endeavor Turkey also partnered with the Istanbul Stock Exchange for the third year for the opening ceremony of GEW Turkey. They formally launched their new Private Market Platform in this kickoff event. With more than 200 attendees, Endeavor Turkey Managing Director Didem Altop curated an investors panel, where Turkey’s investment environment was spotlighted.

Uruguay

Endeavor Uruguay participated in 21 events hosted by 15 organizations across the country with over 4,300 attendees. The office also hosted an Experiencia event with over 200 participants focused on the importance of mentorship for entrepreneurs. A “Mas Emprendedoras” seminar convened female entrepreneurs from across the region, bringing together over 350 women to listen to the stories of key female Endeavor Entrepreneurs in the network. Endeavor Uruguay also supported a number of competitions, incubators, presentations and events providing advice to entrepreneurs and forums for discussion.

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Endeavor Uruguay hosted an event for female entrepreneurs

South Africa’s Silulo Ulutho Technologies Honored by Junior Chamber International for Entrepreneurial Accomplishment

siluloSouth African entrepreneur Luvuyo Rani, who co-founded Silulo Ulutho Technologies with his brother Lonwabo Rani, was honored by Junior Chamber International (JCI) as a top “Ten Outstanding Young Persons of the World”  in the business, economic and entrepreneurial accomplishment sector. Silulo Ulutho is a leading regional IT solutions firm that encompasses computer training courses, internet cafés, business centers and IT retail and repair services.

Luvuyo represented South Africa at the JCI World Congress in November in Leipzig, Germany as one of only two Africans nominated for the award. The JCI Ten Outstanding Young Persons of the World program honors 10 outstanding young people under the age of 40 each year. These individuals exemplify the spirit of the JCI mission to serve their communities and provide extraordinary service to their regions. Whether through service, innovation, determination or revolutionary thinking, they create positive impact on a local and global level. These ten exceptional individuals were honored at the 2014 JCI Awards Ceremony on November 28th during the World Congress event.

Growing up in a small town in South Africa, Luvuyo received an education in technical skills and business administration. After teaching accounting and entrepreneurship at the high school level, Rani decided to change his career path and focus on increasing access to technology in his hometown. He started by opening an Internet café that also offered computer training and IT support for local citizens. Expanding his services from the Internet café to a full-scale business, Rani and his brother started Silulo Ulutho, selling refurbished computers, providing IT training and writing business profiles and plans for local businesses. Their work addresses the IT skills gap faced in their community with a specific goal to reduce unemployment by creating sustainable job opportunities.

Selected in 2011, Silulo continues to expand with the help of Endeavor’s network. The Rani brothers were set up with an Advisory Board and were provided  introductions to local business leaders with expertise in everything from IT services to restaurant management. Endeavor also connected Luvuyo and Lonwabo to mentors from top partners like EY, which provided the team with strategic financial guidance.

Learn more about the JCI awards by clicking here.

MercadoLibre’s Marcos Galperin Joins Board of Argentina Entrepreneur Company Onapsis

OnapsisMercadoLibre CEO Marcos Galperin, a board member of Endeavor Argentina and one of Endeavor’s first entrepreneurs, joined the Board of Directors of Onapsis. Founded by Endeavor Entrepreneurs Mariano Nuñez and Victor Montero, Onapsis is a leading business security solutions provider to top technology firms like SAP and Oracle. This news demonstrates the power of Endeavor’s model and the importance of entrepreneurs who give back to their local ecosystems.

Onapsis gives organizations the adaptive advantage to succeed in securing business-critical applications by combining technology, research and analytics. Onapsis enables every security and compliance team an adaptive approach to focus on the factors that matter most to their business– critical applications that house vital data and run business processes including SAP Business Suite, SAP HANA and SAP Mobile deployments.

“I understand, first-hand, the importance of securing complex and critical business systems,” said Mr. Galperin. “The data and information that is held within applications such as enterprise resource planning, supply chain and business intelligence is critical to the running of a large business. With the rise of security breaches, enterprises are quickly realizing the importance of securing these critical applications. Onapsis has a strong vision, talented and committed entrepreneurs and founders, and a relevant set of solutions that combine technology and expert knowledge. It was a sound investment, and I am excited to join the Board of Directors to further support the rapid growth of the business.”

Selected in 1999 and most recognized for co-founding MercadoLibre, the largest e-commerce ecosystem in Latin America, Galperin is considered to be a top internet entrepreneur. MercadoLibre has over 3,000 employees, operates in 13 countries and delivers a robust online trading environment with over 80 million transactions conducted in the last 12 months. The company and its three founders have become Endeavor success stories and champions of the organization and its entrepreneurs worldwide. Prior to being appointed, Galperin had also invested in Onapsis.

“Mr. Galperin’s vast experience in building and maintaining a robust business- with technology that has scaled to 13 countries and to over 110 million registered users – is an incredible asset to Onapsis,” said Mariano Nuñez, CEO of Onapsis. “We look forward to benefiting from his insight and counsel. He has been a supporter of Onapsis, our mission and the need to secure business applications since the beginning. Having him join our Board is a great endorsement to our team and the execution of our mission.”

Since joining the Endeavor network in 2011, Mariano and Victor have received tailored mentorship and strategic advising through Endeavor’s global network. In addition, the team has made a number of investor connections with the help of the Endeavor Investor Network while regularly participating in global tours and conferences.

Read more about the news in Onapsis’ press release by clicking here.

Turkey’s Yemeksepeti Expands to Eight Countries with Majority Acquisition of Jordan’s ifood.jo

Yemeksepeti

Yemeksepeti, a leading Turkish food ordering website founded by Endeavor Entrepreneurs Nevzat Aydın, Melih Ödemiş and Cem Nufusi , has announced its acquisition of a majority stake in the Jordanian site ifood.jo. The company has expanded its operations to eight countries with this latest acquisition as it looks to become the top service of its kind in the MENA region.

The Jordanian brand becomes the fourth brand to join Yemeksepeti’s expanding portfolio, alongside Yemeksepeti.com, foodonclick.com, and clickdelivery.gr. In total Yemeksepeti serves over 3.5 million registered users and takes over 100,000 orders per day. ifood.jo, which launched in January 2012, is a market leader in Jordan, serving 25,000 registered users per year and an average of 500 orders per day. It is partnered with over 200 restaurants in Jordan, according to the company’s website.

“Jordan’s startup ecosystem is in its blossom period,” said Yemeksepeti’s CEO Nevzat Aydin. “It has a young and early adapter demographic, mindful entrepreneurs who want to make a difference, and local and international investors who are keen on the regional opportunities.”

It is just over a year since Yemeksepeti’s expansion into Saudi Arabia and Lebanon with FoodOnClick. Before that, in 2012, it was the injection of a funding round from New York’s General Atlantic that helped them launch into the MENA region.

In order to continue to grow their reach, which also extends to Russia, Aydin said in a statement that “understanding the dynamics of the emerging markets is major to our motivational and tactical force. We believe that with this know-how, we will succeed also in Jordan and help ifood.jo to reach its milestones and potential. Meanwhile, we plan to continue our global expansion with similar investments.”

Selected by Endeavor in 2007, Yemeksepeti’s founders have received strategic guidance from and introductions to Endeavor mentors, and have attended and participated in a number of Endeavor events around the world. Endeavor Catalyst also participated in Yemeksepeti’s 2012 $44 million funding round, led by General Atlantic Partners.

Read more about the acquisition news in Wamda by clicking here.

Our Current Impact Report

Screen Shot 2014-11-12 at 2.56.28 PMThe 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

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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.

Key takeaways:

– 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.

Highlights:

– 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.

The report has also received media coverage in outlets including The AtlanticAM New York, NY Business Journal, The Huffington Post and Crain’s. Read the full report at www.nyctechmap.com and below.

 

2014 Endeavor Gala Honoring The Abraaj Group’s Arif M. Naqvi Brings Together 400+ Members of the Global Network

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On Friday, November 7, 2014, the Endeavor Gala brought together over 400 entrepreneurs, business leaders, Endeavor Board members and supporters in New York City to celebrate the power of Endeavor’s network. As Endeavor’s only annual fundraising event, the Gala is held in support of the organization’s mission to select, support and scale high-impact entrepreneurs in markets worldwide.

This year, the number of attendees included 18 Endeavor Entrepreneurs from seven countries and over 40 Endeavor board members from 15 countries, representing a total of 16 Endeavor affiliates. The event highlighted the power of Endeavor to transform global economies, with a particular focus on the connections made between cities, countries and regions. Endeavor now operates in 22 markets around the world with a goal of expanding to 25 countries by 2015.

The Gala honored Arif M. Naqvi  – founder and Group Chief Executive of The Abraaj Group – as the 2014 High-Impact Entrepreneur of the Year. A visionary entrepreneur, Mr. Naqvi founded The Abraaj Group in 2002. The firm has since emerged as a leading investor in growth markets with US$ 7.5 billion in assets under management. Employing over 300 people, the Group has 25 country offices spread across six regional hubs in Dubai, Istanbul, Mexico City, Mumbai, Nairobi and Singapore. Mr. Naqvi and The Abraaj Group have developed an important partnership with Endeavor over the past four years, supporting dozens of entrepreneurs and playing a critical role in Endeavor’s affiliate expansion throughout the Middle East, North Africa and Southeast Asia.

During the event, Endeavor co-founder and CEO Linda Rottenberg and Global Board Chairman Edgar Bronfman, Jr. addressed the growth of the organization over the past 17 years and the high-impact entrepreneurs that have become inspirations across the network, from Argentina to Saudi Arabia. This year’s gala video featured one such success story, following the journey of Argentine entrepreneur company Globant from the team’s selection in 2005 to their IPO on the NYSE in 2014.

“The road is long, lonely and full of potholes,” Rottenberg said in her address. “Endeavor is where dreamers and do-ers come to get unstuck.”

Mr. Naqvi then took the stage to discuss the importance of supporting leaders and visionaries in growing markets, where a young generation of entrepreneurs are shaping the  global economy.

“I’ve grown up in growth markets and I’ve had the privilege of building my business in those markets – in economies that are being heralded all around the world as the drivers of global growth,” Mr. Naqvi said in his speech. “All of these changes are driven by young, aspiring business leaders that inhabit these worlds…these people are the ones that will change the world of tomorrow.”

The program ended with a performance by Atlantic Records recording artist Max Frost. After dinner, attendees enjoyed the annual after-party with special guest DJ Hannah Bronfman.

View social media highlights from the event below, watch all of the speeches on Endeavor’s YouTube channel, and see photographs from the night on Endeavor’s Facebook.

 

A special thanks goes to Sarah Merians Photography & Video for capturing the celebrations.
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Colombia’s Bodytech Named EY Entrepreneur of the Year in Colombia

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Nicolas Loaiza Galeano and Gigliola Aycardi Batista, Colombian entrepreneurs and founders of Bodytech, were recently named EY Entrepreneurs of the Year in Colombia, recognizing the company’s innovative business model and impact on the region’s economy. The chain of health and fitness centers has grown to include locations in Chile and Peru and currently employs over 3,500 people.

 

Based in Bogotá, Bodytech  recently announced plans for expansion in five Latin American countries as the business prepares to become a publicly listed company. By integrating health and fitness services, BodyTech is more than just a gym – the health club has grown to offer multiple solutions in the medical arena as well. After realizing the potential in Latin America’s health sector to create a tailored chain of clubs, the pair took a risk on the idea and turned their graduate school thesis into Bodytech.
 
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.

 

EY, an Endeavor global partner, has been hosting the EoY Program for over two decades, expanding it to more than 50 countries with awards presented annually to over 900 of the world’s most successful and innovative entrepreneurs.

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.

Read more about Bodytech’s EY honor in El Tiempo.

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Gigliola and Nicolas at the EY EoY Awards event

Lebanon’s Hind Hobeika, Founder of Instabeat, Honored on BBC’s 100 Women 2014 List

_78541700_100_women_branding_2014Lebanon entrepreneur Hind Hobeika, founder of wearable tech company Instabeat, was named to BBC’s 100 Women list this year which recognizes women who are leading industries and igniting change around the world. Instabeat produces a unique device that allows swimmers to monitor their heart rate and other metrics through a real-time display.

Instabeat’s wearable gadget provides on-demand data for swimmers on a color coded screen on the interior of swimming goggles. The device is small, creates minimal friction with water, and provides key information without having the swimmer lose focus. Hind expects that the technology could be applicable to sports and athletes beyond the swimming world and plans to launch a triathlon version to market in the next few years. Estimated to reach $50 billion by 2018, the global wearable tech industry has gained popularity in recent years with top names like Google and Apple making forays into the field. Hind and her team are already beginning to find a niche in the market and are inspiring other entrepreneurs in the region to do the same.

After joining Endeavor at the 54th ISP in 2014, Hind has been set up with a local board of advisors and industry experts who will help her refine Instabeat’s products and business model.

View the full BBC list by clicking here.

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Hind Hobeika presenting at the INK2014 Conference

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