Forbes Middle East, the regional outlet for Forbes business and finance news, recently released a ranking of Saudi Arabia’s top movers and shakers. Four Endeavor Entrepreneurs made the the list of sixty for their work as self-starters who have grown their businesses into high-impact ventures.
The entrepreneurs who made the list include Naif Alqahtani of LSS, Loai Naseem of Lomar, Abdulmohsin Al-Rabiah of Shawarmer and Amr Al Madani and Saeed Saeed of TalentS. The ranking, officially titled “Leaders Inspiring A Kingdom in the Business World” had the goal of putting together a list of “individuals and visionary self-starters who have the power to initiate change and contribute to the Saudi Arabia of tomorrow.” The Saudi Arabian entrepreneurs named have started ventures in fields ranging from supply chain logistics (LSS) and STEM education (TalentS), to fashion apparel (Lomar) and fast food (Shawarmer). Together, these entrepreneurs and their companies are growing an ecosystem of entrepreneurship that continues to mark the Middle East as a globally competitive economy.
Launched in 2012, Endeavor Saudi Arabia is one of seven Endeavor affiliates in the MENA region, which includes Egypt, Lebanon, Morocco, Turkey, Jordan and the UAE. Read the full ranking by clicking here.
In the News January 17th, 2014 — admin
Emirates 24/7, a United Arab Emirates’ (UAE) online news outlet, recently profiled the Endeavor affiliate office in Dubai, which was announced in October of 2013.
The official launch of the UAE affiliate was marked by the 51st Endeavor ISP which took place December 10th – 12th, 2013 in Dubai, where the country’s first entrepreneurs, Duplays and PropertyFinder, were selected after a rigorous round of interviews and deliberations with some of the region’s top investors and business leaders. As Endeavor’s seventh affiliate in the Middle East, the organization’s growing presence in the region recognizes the thriving community of entrepreneurs that has made it a key global market.
Noor Shawwa was named Managing Director of the office, and will oversee a team on-the-ground in Dubai. See a list of the founding board members, which includes top local Endeavor Entrepreneurs and investors, by clicking here.
“We’re thrilled to include the UAE as a member of the Endeavor network,” said Endeavor co-founder and CEO Linda Rottenberg. “This is one of the world’s fastest growing economies and we hope that we can help bring a number of locally based businesses to scale and play a role in fostering entrepreneurship here.”
Read the full Emirates 24/7 feature by clicking here.
El Economista and Forbes Mexico, two of Mexico’s top finance and business news outlets, recently featured Endeavor Insight’s “The 6-30 Report“, which highlights the contributions of scaleup companies to the nation’s economy. Part of a series from Endeavor Insight focused on scaleup ecosystems worldwide, the first two reports examine Indonesia and Colombia and spotlight the importance of supporting businesses in this crucial high-growth stage.
Scaleup companies, defined as companies more than three years old with a minimum of 20% average annual employment growth, are becoming a critical component of economic and social development in Mexico and throughout Latin America. The report found that these businesses represent just 6% of the country’s total number of firms but created 30% of net new jobs over the past three years. For a market like Mexico, with an estimated workforce growth of more than 7.9 million people by 2020, the demand for new jobs for young adults has never been higher. A reported 900,000 Mexicans between the ages of 15 and 24 are currently unemployed. This is the point where companies in the scaleup stage, with the right support network behind them, can contribute the most in terms of job creation, human capital and economic development.
Media coverage of research like “The 6-30 Report” makes it evident that the business community in Mexico and beyond is beginning to recognize the importance of scaleups in driving innovation and job creation in emerging economies. A survey of over 900 entrepreneurial leaders from around the world found that, in order for these companies to see continued success, steady access to global markets, talent, funding and support systems is critical. As Endeavor continues to study and promote these types of ecosystems worldwide, increased awareness among business leaders, investors and policymakers could help ensure that future entrepreneurs have the resources they need to make the biggest impact.
Read the full El Economista article in Spanish by clicking here and the full Forbes Mexico article in Spanish by clicking here. Read “The 6-30 Report” below:
Entrepreneurs, candidates and staff from Endeavor’s affiliate offices in Latin America, including Mexico, Colombia, Uruguay and Chile, visited the Endeavor offices in New York City for a networking reception with Global staff members. The visitors were participating in Columbia University’s Entrepreneurship and Competitiveness in Latin America (ECLA) program, a 13-month intensive program focused on providing participants with the skills and direction necessary to implement and lead change within their organizations through a combination of classroom training, distance learning and project-based education.
“The professors and classes have been very interesting so far, and the project immersion aspect is important to entrepreneurship courses like this,” said Guillermo Zedan who works with Endeavor Entrepreneurs David Basulto and David Assael at ArchDaily, “We also get to learn about parts of our businesses we don’t always know about.”
The group stopped by the Endeavor offices after a day of courses to meet with members of the Global entrepreneur services team over cocktails and food. Entrepreneurs from Cinemagic, IQS, LiSim, and IPETH were also in attendance.
Learn more about the ECLA program by clicking here.
Events January 12th, 2014 — admin
The Entrepreneurs’ Organization (EO), a global business network of over 9,500 business owners across 40 countries, will be convening nearly 400 entrepreneurs from around the world at its 2014 E3 Summit this March. Founded in 1987 by a group of young entrepreneurs, EO enables small and large business owners to connect and learn from each other, with the mission to create a globally influential entrepreneur community.
The 2014 E3 Summit, with the theme “Experience the Entrepreneurial Energy”, will provide a platform for participants to discuss business and industry development through conferences, workshops, discussion panels, and more. Endeavor Global President Fernando Fabre will be among the keynote speakers at this year’s event alongside other top business leaders and entrepreneurs.
To learn more about the Summit, including registration details, click here.
Highlights January 7th, 2014 — admin
To view Endeavor’s January newsletter, a recap of all the top news stories from the previous month, please CLICK HERE.
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From Endeavor’s invitation-only 2013 Endeavor Entrepreneur Summit in San Francisco (June 20, 2013).
In this fireside chat, Alex Asseily, STATE Founder & Executive Chairman and Jawbone Co-Founder, talks with Fadi Ghandour, Founder of Aramex and Endeavor board member, about the relationship between and intersection of revolution and entrepreneurship — both across industries and geographies.
Looking to transform the consumer electronics industry with Jawbone, Alex Asseily’s company became a leader in the mobile lifestyle field with products like the Jawbone Icon & Era headsets, the Jambox wireless speaker line and UP personal health solutions. In addition to his role as Jawbone Chairman, he has also been lauded for his work with the software company STATE, a global opinion network, and with organizations like General Assembly.
One of the Middle East’s leading businessmen and entrepreneurs, Fadi Ghandour founded Aramex, the region’s premiere logistics and transportation company, and served for over 30 years as the company’s CEO. As both an active supporter of the Endeavor network and a well-recognized investor, he has become a noted figure in the world of entrepreneurship and social innovation.
Watch the playlist of excerpts from their discussion:
The UAE news outlet The National recently profiled Endeavor’s work in the region, including the formation of the Endeavor UAE affiliate in 2013.
In the article, contributor Neil Parmar highlights the growing interest in scale-up entrepreneurship in the Middle East, evidenced by some of the region’s top business leaders and investors volunteering to join the governing board of Endeavor UAE. Given the success of the Endeavor model in Latin America, many saw an opportunity to expand the concept in the Middle East where the ecosystem of entrepreneurship is not only helping to bring stability and change, but also showcasing regional talent to the world.
The article also discusses the 51st Endeavor International Selection Panel which took place in Dubai in December 2013 and highlights Duplays and PropertyFinder, the first UAE entrepreneurs to be selected at the panel. Other Endeavor Entrepreneurs mentioned include Anghami from Lebanon, TalentS from Saudi Arabia, and Konut Kredisi and Pozitron from Turkey.
Endeavor currently operates affiliates across the region in Egypt, Jordan, Lebanon, Saudi Arabia, Turkey and the UAE. Read the full article from The National by clicking here.
Endeavor Uruguay Entrepreneurs Silvina Leibenberg and María Noel Ache were both featured on CNN en Español for their work as successful female entrepreneurs.
Silvina Leibenberg appeared on the channel’s “America Latina: Fuerza En Movimiento” series, which spotlights successful business leaders and entrepreneurs across Latin America. Silvina and her husband and partner Michel Cohen have grown Lolita, their Uruguay-based women’s apparel company, from a small family store to a multi-national retailer operating across 17 countries. In the interview, Silvina offers insight on the company’s success thus far and why Latin America is proving to be a vital market and economy.
Selected in 2002, Silvina and Michel have been active entrepreneurs in the Endeavor network, utilizing Endeavor programs like G-Lab and eMBA to support expansion, management, and product organization efforts.
Watch Silvina’s Spanish interview:
María Noel Ache was featured as the founder of AIVA, a company that provides technology and outsourcing business services to investment and insurance companies in the Latin American, Caribbean and Pacific Rim regions.
In the interview, María acknowledges Endeavor’s role in supporting the growth and success of AIVA and the need to foster a larger entrepreneurial network within the region. As the first female entrepreneur selected by Endeavor Uruguay, she also explains that being a woman has not been an obstacle; rather, it has allowed her a unique perspective on the business world that she hopes to share with other female entrepreneurs. Since their selection in 2007, María and her son Frederico Cella have been active supporters of Endeavor’s network and events, including participation in the Ernst & Young Fellows program.
Watch Maria’s Spanish interview:
Entrepreneurs December 21st, 2013 — admin
Endeavor Entrepreneur Company Cinemagic recently announced plans to begin a four-year expansion of its theaters throughout Mexico. The Puebla-based chain was founded in 2005 by Endeavor Entrepreneurs Jose Ignacio Irigoyen and Roberto Quintero with the aim of bringing high-tech, modern movie complexes to smaller cities with populations of 50,000 to 150,000 throughout Mexico. Discovering that the small city demographic often lacked access to the same entertainment facilities as their larger urban counterparts, Jose and Roberto sought to bring affordable entertainment options and democratize the movie experience for all Mexicans.
With 70 theaters currently in operation and plans to expand to 200 screens over the next four years, Cinemagic’s growth strategy was announced on the heels of a capital injection by Agersa Group, a Mexico-based real estate development operation. In addition, the company is moving towards digitizing all of its movie screens, becoming the second exhibition company in the country to achieve this status.
After their selection by Endeavor in 2010, Jose and Roberto have been active participants in a number of networking and mentoring events within the Endeavor network, including work with the Endeavor eMBA Program.