A profile of Linda Rottenberg and Endeavor appears in this weekend’s Wall Street Journal magazine. The article traces the origins of Endeavor, highlights several success stories of Endeavor Entrepreneurs, and features quotes from prominent network members. Check it out!
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Endeavor Catalyst recently joined the funding round for Uruguay’s Scanntech, a leading technology platform that connects retailers in emerging markets to consumer products companies, financial institutions and more. Marking Endeavor Catalyst’s sixteenth investment, the Scanntech news demonstrates how innovative […]
September 30th, 2014 — by adminRead more
In the news
Endeavor and Ernst & Young share best practices for corporate volunteers in Stanford Social Innovation Review
Endeavor CEO and Co-Founder Linda Rottenberg was published in the 10th Anniversary Issue of the Stanford Social Innovation Review. The article, focusing on best practices in corporate volunteer programs, was co-authored with Deborah K. Holmes, […]
March 10th, 2013 — by adminRead more
Latest Video(video) Endeavor Uruguay Gala Brings Together 750+ Network Members and Regional Influencers
September 6th, 2014
From November 15-21, Endeavor affiliates applied their ingenuity to the annual Global Entrepreneurship Week (GEW) — a program to inspire young people to become self-starters and innovators. For complete details on this year’s event, please visit local Endeavor websites, or view highlights below.
Click here to read a recap of GEW by Jonathan Ortmans (senior fellow, Kauffman Foundation).
Below are two videos Endeavor produced for the event:
Entrepreneurship: The Challenges
Entrepreneurs weigh in: “What’s the greatest barrier your business has ever faced?”
Highlights from GEW 2010:
Along with partners, Endeavor Argentina led the second annual “Buenos Aires Entrepreneur Day,” a full day of workshops, talks, and special performances attended by more than 3,000 people. Click here to watch a video.
Endeavor Brazil continued to lead the worldwide charge for Global Entrepreneurship Week Brazil which involved at least 400 partners and 3,000 activities, engaging more than 2.5 million participants. Endeavor made High-Impact Entrepreneurship part of the conversation. For instance, several Endeavor Entrepreneurs lectured and mentored youth in the Rio flavelas, and Endeavor Brazil also ran a TEDx in Sao Paolo to promote additional success stories. The office also ran five global activities: SNTG, Mentoring Madness, Imagine It, CTO, and Startup Weekend.
Along with several partners, Endeavor Chile sponsored “JumpStart Chile!” on November 19. JumpStart joined together 1,500 students, 200 teachers, and various political leaders to celebrate the close of “Aprendimiento,” a pilot entrepreneurship education program that was implemented over the past year and a half in seven vocational Puerto Montt high schools. Endeavor Entrepreneurs Tito Loizeau, Fernanda Maturana, and Francisco Seguel inspired the students by sharing their personal success stories. Learn more by viewing the Aprendimiento video.
Together with partners, Endeavor Chile also organized a day-long event on November 18 which included nine thematic workshops and brought together over 1,200 people. Endeavor Entrepreneurs Leila Velez, Julie McPherson, Pilar Marambio, and Michelle Boisier participated as speakers and workshop leaders. View the video to learn more.
Endeavor Egypt held a kick-off GEW event called “How I See It: Experiences Shared,” which launched the LIFT-OFF initiative aimed to foster a culture of entrepreneurship among youth across North Africa. Activities included a virtual “IdeaLab,” high school and university competitions, capacity building and training at youth centers, and the launch of an Entrepreneurial Leadership Program for university students.
Six Endeavor Entrepreneur companies participated in GEW events as partners and supporters–IrisGuard, Pharmacy1, Akhtaboot, Modern Media, Think Arabia, and CADER. Together they reached 50,000 students; through an Entrepreneurial Skills Campaign, CADER also trained 700 school teachers about entrepreneurial education.
In 2010, GEW Turkey quadrupled in size, with almost 200 partners running over 200 events in 40 provinces. As one component of the week, Endeavor Entrepreneurs and university experts helped judge a Business Plan Competition for students at Özyeğin University.
Another highlight of the week was Speednetworking and Mentor Madness, featuring skills workshops and sector trends panels for 250 students from 20 universities in the Marmara region and 70 volunteers from various businesses, NGOs, and corporate partners. Check out a GEW blog post by Jonathan Ortmans for future insight into the local entrepreneurial landscape.
Two Endeavor companies from Chile, Aguamarina (Pamela Chavez-Crooker) and Woodtech (Michael Yorston, Olivier Paccot) will be among the presenters at “Chile SME Investment Opportunities,” an event to take place on Wednesday, December 8 in New York City. To RSVP, email email@example.com.
This will be the first of a series of events organized by ProChile, Trade Commission of Chile, designed to spotlight various successful Chilean SMEs to the US investor community.
The event will take place at Puro Chile (161 Grand Street) in New York City. Following registration (4:45-5 pm), the CEOs of five companies will present (5-6 pm). An hour of networking will follow, including traditional Chilean hors d’oeuvres and wines.
Aguamarina, selected in 2010 by Endeavor, is a biotech and biomining company with a technology that allows mines to extract more copper per ton than other traditional methods, with clients such as BHP Billiton.
Woodtech, selected by Endeavor in 2007, provides raw material measurement services with a flagship product, the Logmeter® 4000, which uses cutting-edge 3D laser technology to automatically measure volume–with a range of global clients.
Two other IT companies will also present, Gled and Wiseconn, along with the medical device company Surikat.
Endeavor invited 15 High-Impact Entrepreneurs from South Africa, Colombia, and Mexico to join its network at its 37th International Selection Panel held in Cape Town, South Africa November 17-19. Endeavor now supports 555 High-Impact Entrepreneurs from 358 companies.
The newest Entrepreneurs were selected by top business leaders from the United States, Europe, and South Africa. In addition to the selection panel, on November 17th participants attended the 2nd annual Global Entrepreneurship Week summit “The State of Entrepreneurship in South Africa.”
This was Endeavor’s sixth selection panel in South Africa since establishing the office in 2004. Endeavor South Africa brought 11 candidates from six companies, out of which six Entrepreneurs were selected. The affiliate’s increased search and selection capabilities, particularly among entrepreneurs from previously disadvantaged groups, have been supported in part by a grant from the Citi Foundation. Citi has also provided support for 2010/2011 Endeavor search and selection activities in Egypt and Turkey. Learn more about the Search & Selection process here.
The companies/Entrepreneurs selected are:
Entrepreneurs: Andrés Angulo, Alvaro Hoffmann, Hugo Fernando Novoa
Campoalto is an education company that operates 16 career certification programs at five “campus” locations in Bogotá. Programs cover offerings in the Health Care sector and, more recently, Hotel Management and Food Services.
Cibecs (South Africa)
Entrepreneur: Richard Dewing
Founded in 2004, Cibecs provides enterprise-wide, centrally managed, automated and secure data protection and recovery services for desktops and notebooks. Its product, Cibecs Continuity, allows clients to easily and quickly recover lost data, reducing infrastructure utilization and optimizing bandwidth and storage usage.
Entrepreneurs: Roberto Quintero Vega & José Irigoyen Palacios
Cinemagic builds and manages high-tech, modern movie complexes in regional Mexican cities with populations of 50,000-150,000.
Integr8 (South Africa)
Entrepreneurs: Lance Fanaroff and Rob Sussman
Integr8 IT is now the largest privately owned Information, Communications and Technology (ICT) Company on the African continent. It currently supports and regulates the ICT environment of many of South Africa’s leading organizations including Microsoft South Africa, Ernst & Young and Nedbank.
Masana (South Africa)
Entrepreneur: Cynthia Mkhombo
Masana Hygiene Services provides office cleaning programs for clients in a full range of corporate, retail and commercial sectors. In six years, Masana has grown from 7 to over 750 employees, the majority of whom are women.
Neve Gelato (Mexico)
Entrepreneur: Francisco Xavier Briseno Sanchez
Founded in 1999 as Mexico’s first Italian-style ice cream chain, Neve Gelato has built its brand name and retail presence in Mexico City, currently operating 26 shops, and has plans for major expansion throughout the country.
Entrepreneur: Enrique Antonio Ramon Eisenring
Puebla-based Pabisan produces specialty bakery products such as low-sugar and gluten-free bread. Its business lines now span several markets to include a high-end retail bakery franchise, wholesale production for leading domestic supermarkets and exports to American supermarkets.
Entrepreneurs: Jose Fernando Velez and Martin Schrimpff
PagosOnline has become a domestic industry leader, capturing 80% of the transactions of the Colombian e-commerce market. The company specializes in integrating local forms of payment—such as cash or bank transfers—into their online payment platform.
SYNAQ (South Africa)
Entrepreneurs: Yossi Hasson and David Jacobson.
SYNAQ offers email and internet security products based on the Linux open-source software to both large enterprise and SME clients.
On November 11th, more than 560 people gathered in New York City at 583 Park Avenue for the 2010 Endeavor Gala, which raised over $2 million. Business leaders from 14 countries, top entrepreneurs, and venture capitalists wined, dined, and schmoozed with the greater Endeavor network at this annual event, co-chaired by Clarissa & Edgar Bronfman, Jr. and Nicholas Beim.
Honored as High-Impact Entrepreneurs of the Year, the founding team of Gilt Groupe participated in a panel where they discussed working at a startup, trends in e-commerce, and building a world-recognized brand. Hailed by Vogue as “the online shopping phenomenon,” Gilt provides access to high-fashion and luxury goods at discounted prices.
A live performance by rising star Bruno Mars ended the evening on a high note, with attendees out of their chairs and dancing.
Panel discussion with Gilt Groupe, moderated by Nick Beim
Endeavor CEO and Co-Founder Linda Rottenberg discusses the organization’s impact, direction, and role in the Middle East
Andy Freire, Endeavor Entrepreneur and Endeavor Argentina Board Chairman, tells his story
In a landmark initiative to stimulate entrepreneurship and increase financial support for SMEs, the Bank of Chile signed a strategic alliance with Endeavor. Learn more about the program here.
Under the agreement, the bank’s SME division earmarked a US$42 million credit fund to alleviate the financial needs of select high-growth entrepreneurs (including Endeavor Entrepreneurs) who will be screened by Endeavor as part of the alliance.
The president of the Bank of Chile’s SME division, Rodrigo Tonda, remarked, “considering that SMEs account for almost 80% of the country’s welfare and are driving the national company, the Bank of Chile viewed this partnership as a vital tool to promote the development and scale of Chilean SMEs.”
Alan Farcas, Managing Director of Endeavor Chile, contributed that “the initiative is revolutionary and unprecedented as it opens up a significant amount of resources to SMEs who have always wanted to take the next step but traditionally had limited finance options.”
The program is in many ways similar to Endeavor Turkey’s partnership with Akbank, announced last May.
This week, Endeavor announced an alliance with Abraaj Capital, the largest private equity group in the Middle East, North Africa, and South Asia (MENASA), to accelerate Endeavor’s expansion in the region and provide expanded services. Click here for the full press release.
The alliance was announced during “Celebration of Entrepreneurship” (November 8-9) in Dubai, a landmark gathering of 2,400+ entrepreneurs, business leaders, and youth in the region. Hosted by Abraaj Capital, this free-of-charge “unconference” featured a full program containing hundreds of keynotes, roundtables, and interactive sessions. Participants, who dressed casually (“Suits and ties are not allowed”) to reflect the unconventional and relaxed atmosphere, had dozens of program options at any given time, and used wireless Spotme devices to navigate session info, locate fellow participants, and trade business cards virtually.
The event featured numerous announcements including the launch of Abraaj’s own Riyada Enterprise Development (RED), a $500 million SME investment fund, and its new online portal Wamda, designed to be the region’s definitive online portal and social hub for all things entrepreneurship.
The Abraaj-Endeavor alliance announcement was made on the main stage, following a joint interview with Endeavor co-founders Linda Rottenberg and Peter Kellner. Numerous Endeavor board members, VentureCorps mentors, staff, and Entrepreneurs attended and played prominent speaking and organizational roles in the Celebration event, including Naguib Sawiris (Chairman, Endeavor Egypt), Fadi Ghandour (Founding board member, Endeavor Jordan), and Gregory Ericksen (Global Advisory Board member).
Endeavor also hosted two “Passion Corners.” One session featured Mohamad Haj Hasan (Jordan), Ahmed Metwally (Egypt), Ali Özgün (Turkey), and Melih Ödemis (Turkey). Another session of Turkish Entrepreneurs featured Bedriye Hülya, Firat Isbecer, Başar Akpınar, and Yunus Güvenen,
moderated by Selçuk Yorgancıoğlu from Abraaj Turkey.
Please stay tuned for photos and additional multimedia from the Celebration.
Official press release pasted below:
- Endeavor regional headquarters to be established in Dubai, hosted by Abraaj Capital
– Will offer opportunities for early stage businesses to access mentors, advisory boards and top business networks
Dubai, UAE; November 8, 2010: Abraaj Capital and Endeavor announced today a strategic alliance to combine the expertise of the region’s largest private equity firm with Endeavor, a non-profit organization that transforms emerging markets by establishing high-impact entrepreneurship as the leading force for economic development.
The joint venture will include the founding of an Endeavor regional hub for the Middle East, North Africa and South Asia (MENASA) region, which will be hosted by Abraaj Capital and headquartered in Dubai. This will become a base for the organisation to grow its capabilities in the Arabian Gulf and beyond, offering the opportunity for early stage businesses to access the mentorship and networks required for them to flourish. The Dubai office will allow Endeavor to promote its expansion to new countries in the region and to provide expanded services to its country affiliates in Egypt, Jordan, Lebanon and Turkey, all of which will continue to operate independently.
Proof of the value that Endeavor’s high-impact entrepreneurship growth can bring can be found across the globe. In Latin America, businesses assisted by Endeavor have created over 100,000 jobs and generated over $3 billion in annual revenues. With the United Nations Development Program estimating that Arab countries alone will need to create more than 50 million new jobs by 2020, the fostering of entrepreneurship is critical in meeting this need.
Abraaj Capital is already a champion of entrepreneurship in the MENASA region, hosting the landmark Celebration of Entrepreneurship, which will bring together the many elements of the entrepreneurial ecosystem. At the event, Abraaj Capital will also announce further details of its Riyada Enterprise Development investment platform, a $500m fund that will invest in SMEs throughout the region, providing much needed capital and support to a broad range of businesses.
Arif Naqvi, CEO and Founder, Abraaj Capital said: “The growth of entrepreneurship is a commitment shared by both Abraaj Capital and Endeavor. Through their focus on high-impact entrepreneurship they have demonstrated how fostering SMEs can contribute positively to job and wealth creation. The partnership is a natural union of two like-minded institutions.”
Linda Rottenberg, Co-founder and CEO of Endeavor said: “I am incredibly passionate about the prospects for growing high-impact entrepreneurship in this region, which has an amazing amount of talent and energy. Endeavor will dramatically increase its presence in countries across the MENASA region over the next five years to ensure we are doing our part.”
About Abraaj Capital:
Abraaj Capital is the biggest private equity group in the Middle East, North Africa and South Asia (MENASA). Since inception in 2002, it has raised close to US$ 7 billion and distributed almost US$ 3 billion to its investors. Headquartered in Dubai, the Abraaj Group operates eight offices in the region including in Istanbul, Cairo and Riyadh. Funds managed by the Abraaj Group or its predecessor entities have made 36 investments in 11 countries and achieved more than 20 exits.
More than 75 world-class investment professionals work for Abraaj Capital, which manages seven funds; four buyout funds; Riyada Enterprise Development Fund, a Fund dedicated to small and medium enterprises; ASAS, an income-generating, sale-and-leaseback Fund; and a real estate Fund. Assets under management at the end of 2009 were US$ 6.1 billion. Funds managed by the Abraaj Group have holdings in about two dozen companies in the region including Air Arabia, the region’s biggest low-cost carrier; Acibadem Healthcare Group, Turkey’s largest privately owned hospital operator; and Al Borg Laboratories, the Middle East’s biggest privately owned medical-testing laboratory company.
Abraaj Capital has won many regional and international awards, including five consecutive years as ‘Middle Eastern Private Equity Firm of the Year’ from London-based Private Equity International. Abraaj Capital Ltd., a member of the Abraaj Group, is licensed by the Dubai Financial Services Authority. The group is also an associate member of the European Venture Capital Association.
Shaun Young, from the Endeavor Center for High-Impact Entrepreneurship, has just published an article in EXECUTIVE magazine on entrepreneurial innovation and Endeavor’s role in the Middle East. Check it out!
Recently, Mike Yorston, the co-founder of Woodtech Measurement Solutions and the founders of Jeeran.com, Omar Koudsi and Laith Zraikat were interviewed on Bloomberg Venture about the ways that their companies are influencing the changes in the existing marketplace.
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