Endeavor Insight, supported by Omidyar Network, released a report studying high-impact entrepreneurs in Southeast Asia. Using data from the World Bank Enterprise Survey, Endeavor Insight looked at more than 4,200 companies and found that in a number of Southeast Asian countries, scaleups are creating the majority of new jobs. The report also revealed that scaleups – companies growing at more than 20% per year over the past three years – represent only 14% of total companies but created 77% of net new jobs.
To understand the dynamics that allow these companies to create jobs and value for their economies, Endeavor Insight also interviewed ten of the top Southeast Asian entrepreneurs both in and outside of the Endeavor network. Coming from companies as diverse as a Filipino cut flower business to an Indonesian payments firm, these entrepreneurs share a common drive to succeed and passion for their business and product offerings. The interviews also revealed a number of recurring challenges among the region’s scaleups, including issues of talent sourcing and access to customers and markets.
Read the full report, including detailed case studies of each entrepreneur interviewed, by clicking here.