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Endeavor eMERGE Dubai Convenes 40+ Entrepreneurs and Network Members to Highlight Human Capital

Endeavor hosted an Endeavor eMERGE event in Dubai this month, bringing together top members of the network from the MENA region for two days of networking, workshops and discussion. With a particular focus on the development […]

September 25th, 2014 — by admin

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Argentina’s Globant Raises $59 Million on NYSE; Second-Ever U.S. IPO for an Endeavor Company

Argentina’s Globant, founded by Endeavor Entrepreneurs Martin Migoya, Guibert Englebienne, Néstor Nocetti and Martin Umaran, had its U.S. IPO on July 18th, raising nearly $59 million. The Buenos Aires-based software development giant has become one […]

July 21st, 2014 — by admin

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March 2014 Newsletter

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To view Endeavor’s March newsletter, a recap of all the top news stories from the previous month, please CLICK HERE.

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Endeavor and the EY Corporate Responsibility Fellows Program Receive Media Coverage Across the U.S.

ey_logo_detail copyEndeavor has worked with corporate partner EY to provide tailored business services to Endeavor Entrepreneurs through the  EY Corporate Responsibility Fellows Program, which recently welcomed back its 2013 class from their time abroad. Through the program, EY dedicates the talents and resources of its employees to working alongside Endeavor Entrepreneurs throughout the Americas.  In 2014, the CR Fellows Program was integrated into the EY Vantage Program, which will provide enhanced services through its new classes of EY Vantage Advisors.

Last year’s Fellows spent seven weeks assisting their entrepreneurs and working with them to identify and address key business challenges, at no cost to the businesses served. In its ninth year, the program’s 2013 class of 15 Fellows returned from their assignments in Brazil, Mexico, Argentina, Chile and Colombia after providing more than 4,400 hours, or more than $500,000, worth of services. Since completing the program, the 2013 class continues to gain media attention for their innovative work with Endeavor’s emerging market entrepreneurs. To learn more, read EY’s full press release by clicking here.

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Members of the 2013 Class of EY CR Fellows

AccountingWeb, a website that provides accounting industry news, and the Pittsburgh Post-Gazzette  highlighted  the work of Fellow Elise Saur during her seven-week fellowship in Brazil with Endeavor Entrepreneur company Tecverde, founded by entrepreneurs Caio BonattoBeto Justus and Lucas Maceno.  Saur  leveraged her expertise to advise on the specific business needs of Tecverde, which offers eco-friendly building and construction solutions, while also gaining experience across an international market.

“EY offers an opportunity to help entrepreneurs at the most important time in their growth and I really wanted to be a part of that,” Saur said on her decision to join the program. Read the full AccountingWeb  article by clicking here and the Pittsburgh Post-Gazzette feature by clicking here. Elise’s story was also covered by CPA Practice Advisor, Lakeland, FL’s The Ledger and Knoxville, TN’s News Sentinel.

Accounting Today another accounting industry news site,  featured EY Senior Manager Karen Correa’s work as a Fellow with Mexico-based Endeavor Entrepreneur company Gruindag, founded by Armando Tortoledo and Pedro Zarur Ménez. In the article, Correa applauds Endeavor and EY’s partnership for allowing entrepreneurs the opportunity to access professional services free-of-charge while also providing Fellows with the chance to gain hands-on field experience. With Gruindag in particular, a chemical products company, Correa helped to create a system for tracking growth while also helping to streamline its strategic business approach. 

“As I look back at the program, I realize that I had a very limited understanding of the impact of the entrepreneurial community on the economies and growth of emerging countries,” Correa reflects. “The entrepreneurs work with tremendous integrity and passion, fueled by love for what they do, their people and their country.” Read the full post on Accounting Today by clicking here.

Culver City, CA’s local news outlet, the Culver City Newsprofiled the work of Fellow and local resident Priyanka Garg while also highlighting the over 30,000 hours donated by Fellows to entrepreneurs in the Endeavor network since 2005. Garg, an advisory manager at EY, worked with Chile-based Endeavor Entrepreneur company Inzpiral, founded by Pablo Godoyto develop a sales strategy and define a value proposition for the growing software business.

In reference to Endeavor and EY’s corporate partnership, Endeavor CEO Linda Rottenberg said: “Together, EY and Endeavor help unleash the tremendous social and economic value of high-impact entrepreneurs, particularly in creating jobs and generating significant revenues.”

Endeavor Malaysia Marks Milestones with First Entrepreneur Selection and Global Grant

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Endeavor Malaysia, officially launched in October of 2013, recently achieved a few milestones as Endeavor’s second country office in Southeast Asia, illustrating the organization’s rapidly growing presence in the region. Highlights include the selection of Malaysia’s first entrepreneur into the Endeavor network, a grant from the JPMorgan Chase Foundation to support global and local development effortsand news of the sale of Board Member Mark Chang’s JobStreet.com.

GridMarkets

As the country’s first Endeavor Entrepreneur, Hakim Karim, founder of GridMarkets, was among 16 high-impact entrepreneurs selected at the 52nd International Selection Panel in Jakarta. Launched in 2013, GridMarkets is a B2B exchange that allows companies with large in-house data centers to recover costs from servers that sit idle during off-peak periods by “renting” them out to other businesses. As an alternative to the traditional data marketplace, GridMarkets aims to help clients eliminate waste and maximize efficiency by allowing them to buy and sell server capacity on an as-needed basis. With the demand for data storage skyrocketing worldwide, GridMarkets’ model presents an innovative exchange solution for clients while also spotlighting the region’s emerging tech industry.

JP Morgan

A recent grant for Endeavor Global from the JPMorgan Chase Foundation will help accelerate the impact of Endeavor in Malaysia, focusing the efforts of both the global and local offices in screening and selecting top candidate entrepreneurs. With this support, global staff will be able to maximize their work with Malaysia’s team to continue expanding Endeavor’s presence in the region. In addition, there will be an effort to recruit more local mentors into the VentureCorps network – a critical component of the Endeavor model.

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Further highlighting the growing entrepreneurial culture in Malaysia, local Board Member Mark Chang recently announced the acquisition of his company JobStreet.com, the largest online employment site in the region, for $524 million by the Australia-based Seek.com. One of the largest Internet deals in the region, the acquisition demonstrates a mounting interest among global corporations to claim a stake in Asia’s emerging markets. Read full coverage of the acquisition news in the Wall Street Journal by clicking here.

Colombia’s Refinancia Announces Majority Acquisition By Encore Capital; Plans Expansion in Latin America

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Refinancia, founded by Endeavor Entrepreneur and Colombian Board Member Kenneth Mendiwelson, recently announced news that the California-based Encore Capital Group has purchased a 51% stake in the company. An entrepreneur success story in Colombia, Refinancia’s announcement demonstrates the growing interest in emerging Latin American markets and the role of entrepreneurs in attracting global investments to the region. Refinancia, a specialty loan servicer that provides alternatives to consumers in need of specialized credit solutions, has supported over a million clients facing issues of financial re-entry and credit access.

An international, publicly-traded specialty finance company, Encore Capital has operations spanning seven countries working to provide debt recovery solutions for consumers and property owners across a broad range of assets. With the purchase of a stake in Refinancia, the Group is looking to consolidate its operations in Latin America while also expanding its reach into the region’s growing economies. Refinancia will gain the analytic and operational expertise of Encore as it continues to maintain its customer focus and strengthen its range of financial services.

Since his selection as an entrepreneur in 2008, Kenneth has been a testament to Endeavor’s model, scaling Refinancia into a multi-national company and multiplying his impact by becoming a board member and mentor for future generations of Endeavor Entrepreneurs. He has also been active in recommending entrepreneurs into the search-and-selection pipeline, serving as a panelist at ISPs, and working with MBA students through the eMBA Program.

Read the full press release of the news by clicking here.

Members of the Endeavor Network to Participate in GigaOM’s Structure Data 2014 Event

Structure Data

From March 19-20th in New York City, GigaOM, a top technology-focused media outlet, will convene 900+ big data practitioners, technologists and executives at its Structure Data 2014 event. This year’s event will include  a session on “Analytics Without Limits” moderated by Endeavor Global Board Member Nick Beim. Egyptian Endeavor Entrepreneur Amr Shady of TA Telecom will be interviewed by Endeavor’s Director of Network & Business Development Shaun Young on big data’s growing role in the African market. In addition, GigaOM CEO Paul Walborsky, an active Endeavor Mentor, will be opening and closing the conference.

A prominent annual industry event, Structure Data provides participants with a forum to  examine how big data can drive business development and success. Experts from tech, healthcare, media and financial services and more will gather to discuss how the world’s biggest and most innovative companies are using data to make better products, build bigger profits and change the world. Speakers this year represent top brands like LinkedIn, Uber, Airbnb, Ford, Guess and Amazon, and include Dennis Crowlery (Foursquare), Ari Gesher (Palantir Technologies) and Julie Brill (FTC).

Register here today to claim discounted tickets through Endeavor.

Argentina’s Belatrix Software Partners with Silicon Valley-Based kernel; Highlights Endeavor’s Multiplier Effect

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Endeavor Entrepreneur company Belatrix Software, founded by entrepreneurs Alex, Luis and Federico Robbio, was recently named a Co-Innovation Partner for kernel, a Silicon Valley-based software venture co-founded by Endeavor Mentor Avikk Ghose. This unique partnership is a testament to Endeavor’s model, both in terms of the mentor-entrepreneur connections that were formed and the “Multiplier Effect” of inspiring collaboration among members of the Endeavor network.

When it was first released in February 2013, Avikk’s kernel – a mobile web application that improves communications processes for companies – engaged the Endeavor network by enlisting the help of entrepreneurs Wilter du Toit and Antonio Carlos Soares for beta testing. Shortly after, Avikk was introduced to Alex, Luis and Federico at the 48th Endeavor ISP in Buenos Aires,  where the then-candidates quickly stood out with their expertise in software development and product architecture.

After the Belatrix founders were selected as Endeavor Entrepreneurs, Avikk saw an exciting opportunity to work with the company, which helps clients turn product concepts into high-quality releasable software, and accelerate the development of kernel’s offerings. With the support of Belatrix’s expert team, kernel was able to act on the feedback provided during the beta testing phase.

“We were seeking a software innovation firm which could supplement our front-end development efforts,” Avikk said of the partnership. “Once we met Alex, Luis and the Belatrix team, we knew immediately we had found the right partner. With Belatrix, we can design and develop kernel faster.”

“Belatrix has a fast paced, idea-sharing culture,” echoed Alex. “At times, the sheer magnitude of information can feel like drinking from a fire hydrant. We saw immediate value in kernel’s approach of delivering communications with a high signal-to-noise ratio. Our executive team now uses kernel to access information and insights, so we can make better decisions and faster progress.”

As a result of the partnership, kernel released a subsequent version of its application in November 2013, ahead of schedule, and now operates with customers in Argentina, Egypt, Jordan, Mexico and South Africa, including Endeavor Entrepreneurs Gabriel Manjarrez of MiMoni and  Amr Shady of TA Telecom.

“The spirit of Endeavor is one of fostering relationships that can positively impact our entrepreneurs and mentors, and this is a great example,” said Bianca Martelli, Endeavor VP of Latin America and Southern Europe.

Learn more about the news on Belatrix’s Software Blog by clicking here.

Miami’s KidoZen and My Ceviche Profiled in The Miami Herald; Discuss Plans for Growth

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Endeavor Entrepreneur companies KidoZen, founded by Jesus Rodriguez, and My Ceviche, founded by Roger Duarte and Sam Gorenstein, were recently featured in The Miami Herald’s Business Monday section, highlighting the growing presence of both companies in the region and the impact of being named Endeavor Entrepreneurs. As the first companies from Miami to join the Endeavor network at the 51st International Selection Panel in Dubai, these founders are transforming their local industries and demonstrating potential for high-impact growth.

KidozenKidoZen, an enterprise mobile platform that provides a secure and scalable software solution for companies, has witnessed stunning success in just the past year – the company opened its service to the public in 2013 and has already served 80 clients globally. The biggest challenge for the company now, as explained by the Herald, is keeping up with the rapid growth both in terms of acquiring talent and expanding its software offerings.

“Building the team that matches the culture of the company is our main task for the next six months,” Jesus said in the article. “We’re very committed to building in Miami so we are committed to finding talent in Miami, but we have a very high bar for talent, so it is taking time.” Read the full Miami Herald feature on KidoZen by clicking here.

My Ceviche

My Ceviche, a chain of fast-food restaurants looking to bring traditional Latin cuisine to the masses,  already has over 30 employees and is expecting to open two additional Miami-area locations within the year. With a unique offering and business model, Roger and Sam have set their sights on national expansion and on growing a line of food and beverage products, all the while maintaining a fresh approach to their ceviche staple.

“We’re both hungry and we both know there is a lot to learn and we listen,” Roger told the Herald. “We believe in Endeavor and how they can help take a business at a certain inflection point to a $100 million business.” Read the full Miami Herald feature on My Ceviche by clicking here.

Baydöner Honored with EY Entrepreneur of the Year Award in Turkey

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Fast-food kebab chain Baydönerfounded by Endeavor Entrepreneurs Levent Yılmaz and Feridun Tunçerwas recently named EY’s Entrepreneur of the Year (EoY) in Turkey, recognizing the company’s innovative business model and impact on the region’s economy.

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. In Turkey, the awards are currently in its ninth year and brought together five high-impact companies in the final round of judging for 2014.  With the support of the Hürriyet Daily News, CNN Türk and Endeavor Turkey,  the event convened some of the country’s leading businessmen and women, including Endeavor Board Member and Hürriyet Chairwoman Vuslat Doğan Sabancı who served as part of the jury panel. After earning the local EoY honor, Baydöner will represent Turkey at the EY World Entrepreneur of the Year Awards taking place in June 2014 in Monte Carlo, Monaco where over 60 entrepreneurs will vie for this year’s global title.

Baydöner, which operates its chain of restaurants in more than 30 Turkish cities, has been an active member of the Endeavor network since their selection in 2012, including participation in branding workshops and tailored mentorship sessions. The entrepreneurs’ success  also led them to be profiled in the 2013 Endeavor Impact Report, which can be viewed here.

Read full coverage of the awards ceremony in the Hürriyet Daily News by clicking here.

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Baydoner founders and Endeavor Entrepreneurs Levent Yılmaz and Feridun Tunçer

16 High-Impact Entrepreneurs from 7 Countries Join the Endeavor Network

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Jakarta, Indonesia- February 21, 2014 – Endeavor selected 16 high-impact entrepreneurs leading 11 companies in Egypt, Indonesia, Lebanon, Malaysia, Mexico, Saudi Arabia, and the UAE at its 52nd International Selection Panel.

Endeavor now supports 888 High-Impact Entrepreneurs from 569 companies in 19 countries. The entrepreneurs were chosen at a panel held from February 19 – 21 in Jakarta.

The International Selection Panel (ISP) is the culmination of a rigorous multi-step selection process. At the Jakarta ISP, business leaders from nine countries interviewed candidates about their businesses and high-impact potential, and then voted on whether or not candidates should become Endeavor Entrepreneurs.

“I want to welcome all of the new Endeavor Entrepreneurs to our network,” said Endeavor co-founder and CEO Linda Rottenberg. “I particularly want to congratulate our affiliates in Southeast Asia. Endeavor Indonesia organized and hosted this flawless ISP – the first to be held in Southeast Asia – and Endeavor Malaysia successfully selected its first entrepreneur.”

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 four additional International Selection Panels in 2014. Locations will be Florianopolis, Brazil; New York, NY; Istanbul, Turkey and Miami, FL.

Brief descriptions of the selected entrepreneurs and companies follow.

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Members of the Endeavor network during an ISP dinner

EGYPT

Entrepreneurs: Mohamed Abdel Moneem Mostafa Abdel Moneem

Company: Al Sagheer Group (www.mohamedalsagheer.com)

Description: Al Sagheer Group operates 19 beauty services centers in Egypt, two in Dubai, UAE and one in Doha, Qatar. The centers provide an expansive offering of services, including hair, beauty, and spa treatments for men, women, and children of all ages. Al Sagheer Group also imports beauty products from premium brands like Guarani, Chanel, and Dior. The company sells directly to customers in its high-end, in-salon boutiques and also distributes them to other salons, pharmacies, and specialty boutiques in Egypt.

INDONESIA

Entrepreneur: Arief Widhiyasa

Company: Agate Studio (www.agatestudio.com)

Description: With over 120 developed games and partnerships with premier Japanese studios, Agate Studio is one of Indonesia’s leading game development studios. Agate Studio creates a wide array of B2C games available on mobile apps and online, including the popular and award-winning Football Saga 2. Agate Studio also creates advertising and learning games for companies seeking innovative methods to market themselves and provides instruction in a fun, unique way.

Entrepreneur: Grace Judio-Kahl

Company: Shape Up Indonesia (www.shape-indonesia.com)

Description: As the first medically-supervised health care service focusing on obesity and weight loss in Indonesia, Shape Up is helping countless women and men through treatments combining medical, psychological, and cosmetic therapies. The clinics offer patients a comprehensive selection of drug regimens, quick fat-reduction treatments, group therapy programs, sessions with personal trainers, and healthy meal plans.

LEBANON

Entrepreneur: Jean-Marc Ingea

Company: Elcir (www.elcir.com)

Description: Elcir manufactures and installs furniture and woodwork for luxury hotels, high-end residential units, and corporate offices. After rebuilding his father’s company following the Lebanese Civil War, CEO Jean-Marc expanded Elcir’s services worldwide, from the Atlantis Resort in the Bahamas to the presidential palace in Turkmenistan.

Entrepreneur: Jamil Corbani

Company: Green Studios (www.greenstudios.net)

Description: Green Studios designs and builds green walls and roofs, and provides its own independent landscape architecture services. Using its proprietary technology, which pumps water through a synthetic “skin” on which the plants grow, Green Studios’ builds walls that require three times less water than competitors. Green Studios has already worked with prominent Lebanese real estate developers and has secured projects in Dubai and Egypt to be completed in 2014.

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Entrepreneurs during the ISP Candidate’s Day

MALAYSIA

Entrepreneur:  Hakim Karim

Company: GridMarkets (www.gridmarkets.com)

Description: Launched in 2013, GridMarkets’ B2B exchange provides firms that use a fraction of their in-house data centers with the ability to recover costs from servers that sit idle during off-peak periods. For firms with variable and project-based needs, GridMarkets offers a flexible and low-cost server solution. Unlike the primary market, which charges for a pre-set amount of capacity regardless of usage, GridMarkets allows its clients to buy and sell server capacity on a “pay-per-use” basis with no minimum commitments.

MEXICO

Entrepreneurs:  Juan Carlos Feregrino & José Antonio Feregrino

Company: Grupo Delicias

Description: Since taking over the reins of their family-owned dairy farm in 2000, Juan Carlos and José Antonio Feregrino have expanded their original product offering from milk and dairy byproducts, using proprietary technology to develop cost-effective, value-added cattle feed to sell to dairy farmers and feed lots. Compared to traditional feed, Grupo Delicias’s alternative solution costs about 12% less and, with up to 100% more protein, provides the nutrition needed for efficient meat and milk production.

Entrepreneurs:  Gonzalo Abascal, Javier Solano & Armando Rasgado

Company: Linko (www.linko.mx)

Description: Linko is an IT consultancy and software developer that improves customer experiences at financial institutions, such as banks and insurance companies. It customizes an array of TIBCO and Pitney Bowes software that allows financial institutions to analyze customer transactions, communicate with customers effectively, and manage their customer service efficiently. Linko also develops its own software, ranging from white-label apps for banks to software platforms, to further enhance the customer experience.

Entrepreneurs: Pablo Pedrejón & Toby Clarence-Smith

Company: Petsy (www.petsy.mx)

Description: In the dog-eat-dog world of Mexican ecommerce, Petsy has become the leading online provider of pet supplies. Launched in June 2013, Petsy offers the widest and best selection of premium food, accessories, and care & maintenance products in Mexico. A fast, convenient, and affordable way to shop, Petsy ensures that pets receive the best care through its wide selection of competitively-priced pet supplies.

SAUDI ARABIA

Entrepreneur: Ebrahim Aljassim

Company: HungerStation (www.hungerstation.com)

Description: HungerStation is the hottest new method for ordering food in Saudi Arabia. Its website and mobile app facilitate online food ordering, tracking and delivery. Those who cannot cook or drive, or do not have the time for either, can select the perfect meal from the countless restaurants available through HungerStation. The company provides access to restaurants without existing delivery services, which has helped expand options for restaurants and customers alike.

UAE

Entrepreneur:  Mona Ataya

Company: Mumzworld (www.mumzworld.com)

Description: Mumzworld is the leading e-commerce retailer in MENA focused exclusively on products for expectant mothers and their babies, infants, and young children. Since its launch in 2011, Mumzworld has developed the largest online inventory available in the Gulf Corporation Council. By offering customers free returns, quick delivery, and a best price guarantee, Mumzworld maintains a high customer satisfaction rate. In addition to its customer facing e-commerce platform, Mumzworld provides businesses with advertising opportunities, discounted corporate sales, targeted sample distribution, and online storefronts for traditional retail stores.

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Global Chairman Edgar Bronfman, Jr. at the ISP’s closing gala

Mexico’s Mastretta Cars Opens First Global Dealership; Plans Expansion into the U.S.

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Mastretta  Cars, founded by Endeavor Entrepreneur Carlos Mastretta Guzmánrecently unveiled its flagship global car dealership in Toluca, Mexico on the heels  of an announcement that the company is planning a larger expansion into Mexico and the U.S. The plan includes anticipated openings in the Mexican cities of Monterrey, Guadalajara and Mexico City as part of a marketing strategy that will allow their customer base more direct access to their high-end line of sports vehicles. With growth expected to be in the double digits in 2014, Mastretta is working with the British Racing Group to open its first U.S. dealership in Philadelphia, which will help the company explore additional distribution points in the Americas.

Since its founding in 1987, Mastretta has set out to be one of a few Mexican automotive companies designing and building sports cars domestically. Selected as an entrepreneur in 2010, Carlos has received a number of services from Endeavor, including business and marketing guidance from a local advisory board and investment from Endeavor Catalyst.

Read media coverage of Mastretta’s expansion in national Spanish-language outlets including El Economista, El Financerio  and Vanguardia.

 

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