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Colombia’s Bodytech Named EY Entrepreneur of the Year in Colombia

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 […]

October 29th, 2014 — by admin

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Argentina’s Socialmetrix Expands Presence to the U.S. with Miami Office

Socialmetrix, founded by Argentine entrepreneurs Gustavo Arjones and Martin Enriquez, recently announced that the company will expand its operations to the U.S. with a team in Miami, FL. With this expansion, the growing social media analytics and monitoring […]

September 23rd, 2014 — by admin

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Endeavor Insight Releases “City Hubs for Entrepreneurship” Report on Miami

endeavor_insightEndeavor Insight, with support from the Knight Foundation, recently released the first publication in its “City Hubs for Entrepreneurship Series”, explaining the results of an analysis on the opportunities and obstacles to Miami’s growing entrepreneurship ecosystem. The analysis was based on data collected from more than 100 early-stage and growth-stage companies, as well as interviews and focus groups with entrepreneurs, investors and policymakers. The report found a clear and demonstrable need for Endeavor’s work in the region where entrepreneurship is quickly on the rise but still facing many critical challenges. As Endeavor’s first U.S. affiliate, the Miami office was established in September 2013 with support from the Knight Foundation and a managing board composed of some of the city’s top investors and business leaders.

In the report, Endeavor found that that the central challenge for local entrepreneurship was that many companies were starting up, but very few were growing to become medium or large firms. A recent report from the Ewing Marion Kauffman Foundation demonstrated that Miami had the highest rate of new business formation among the 15 largest U.S. metropolitan areas in 2012. However, since 2000, the number of large businesses in the area has declined by more than 20 percent. Endeavor’s own research found that the city’s entrepreneurial community reported a variety of strengths to working in Miami, including a high quality of life, vibrant culture, and an accessible customer base. The challenges to scalable growth however, including a lack of expert talent, mentorship and opportunities for capital, are where Endeavor’s work looks to add the most value. The success of the Miami affiliate thus far has led to the selection of its first entrepreneurs, Roger Duarte and Sam Gorenstein of My Ceviche and Jesus Rodriguez of KidoZen, at the 51st International Selection Panel in Dubai.

Read more coverage on the Miami report from the Knight Foundation by clicking here and also in the Miami Herald by clicking here.


 

Endeavor and SAP Partner to Host a ‘Design Thinking’ Session for Entrepreneurs in Dubai

sapSAP, a global corporate partner of Endeavor, worked closely with Endeavor staff during the 51st International Selection Panel in Dubai to offer candidates the opportunity to brainstorm and share business development strategies in a day-long ‘design thinking’ session.

Led by SAP VP Sameer Areff, the goal of the session was to provide a forum for the entrepreneurs to uncover and address key business challenges by applying a collaborative, user-centered design approach. With the help of a graphic illustrator who transcribed the conversations, advisers from SAP and Endeavor staff worked with the entrepreneurs to identify issues that touched on a range of external and internal challenges, from customer service to  product development. The resulting ‘roadmap’ provided a  case study of issues and approaches for every entrepreneur to relate to their own business model.

“Design thinking is a powerful tool that helps entrepreneurs take a step back from the day-to-day to drill down on a topic or business challenge in a diverse team,” said Nicolette Van Exel, SAP’s Global Director of Corporate Social Responsibility. “SAP uses this internally and with our customers to address critical technology and business questions. By providing this offering to entrepreneurs we hope to help the next generation of business leaders accelerate and innovate.”

Previously, Endeavor worked with SAP to host similar ‘design thinking’ workshops during the 2013 Endeavor Summit, offering an innovative and interactive session to participants. Read more about the Summit event by clicking here.

Watch a recap video of the Dubai session courtesy of SAP:

Endeavor Entrepreneur Fatma Ghaly Featured on Egyptian TV Series “El Mashrou3″

Azza FahmyEndeavor Entrepreneur Fatma Ghaly, managing director of Azza Fahmy Jewellery, was recently featured as a guest judge on the Egyptian reality show El Mashrou3, a series that  spotlights young social entrepreneurs as they compete in team challenges that test and improve their real-world business skills. The goal of the series is to not only raise awareness of the culture of entrepreneurship in Egypt, but also  provoke discussion of important social causes in the region.

In the episode, Fatma judges the contestants after they are challenged to create a home decor piece from recycled products within a small budget. She evaluated the contestants on creativity, pricing, and feasibility, while also giving advice on project planning. Working with Endeavor’s Egypt affiliate, El Mashrou3 has also featured a number of Endeavor mentors as guests.

Since Azza Fahmy’s selection in 2008, Fatma and the company has been active members of the Endeavor network, receiving introductions to designers and potential partners as well as strategic business advice through the G-Lab Program.

Watch the entire episode in Arabic below:

Latin American Entrepreneur Companies Globant, Tecsis and Imagen Dental Profiled in Spain’s El Pais

Máster-de-periodismo-de-El-PaisA recent article in Spain’s El Pais featured Endeavor Entrepreneurs Guibert EnglebienneBento Koike, and Ricardo Villarreal as well as Endeavor President Fernando Fabre as they discussed economic growth, innovation and competitiveness in the Latin American region.

The article highlights entrepreneurship in Latin America and the challenges the market faces against a rising Asian economy, particularly in terms of manufacturing and production. Despite studies that claim that innovation in the region is lagging behind its global competitors, companies like Guibert’s Globant, Bento’s Tecsis and Ricardo’s Imagen Dental demonstrate that high-impact businesses are steadily attracting top talent and investing in products that are growing whole sectors of the region’s economy.

Based in Argentina, Globant is one of the fastest growing software product development companies in the country, aiming to provide clients with solutions that are both design-minded, scalable and efficient. The founders’ goal is to put Argentina on the radar of the global marketplace with an offshore IT services alternative, and to continue attracting top clients from around the world. Since Guibert’s selection in 2005, Globant has expanded rapidly and stands as an Endeavor success story, acquiring fellow Endeavor Entrepreneur company OpenWare and participating in programs like Endeavor Catalyst and the EY Vantage Program among other activities.

The Brazil-based Tecsis is a leading energy company specializing in the manufacturing of components for wind turbines and serves as one of the world’s largest producers of turbine blades. As a leading exporter in Brazil, Tecsis has seen rapid growth in the U.S. and Europe, and cites a number of global corporations as clients. Since Tecsis’ selection in 2002, Bento has received ongoing support from Endeavor’s services, including participation in the eMBA Program and G-Lab Program, and has also given back by serving as an Endeavor mentor.

In Mexico, Imagen Dental is transforming dental, vision and hearing care for middle-class Mexicans with specialized and affordable service options. In a country where public healthcare is undergoing much change, founders Ricardo and Patricio seek to provide quality and well-trained professionals who can offer Mexicans basic and necessary services. Since their selection in 2006, the entrepreneurs have participated in Endeavor services like the eMBA Program as well as numerous Immersion Tours and an Endeavor Entrepreneur Summit.

Read the entire El Pais article in Spanish for more views on innovation in Latin America and how the region is competing globally.

Saudi Arabian Entrepreneurs Featured on Forbes List of Inspirational Leaders

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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 LSSLoai Naseem of LomarAbdulmohsin 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.

 

Launch of Endeavor’s UAE Affiliate Featured in Emirates 24/7

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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 Profile “The 6-30 Report” by Endeavor Insight

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ForbesMX

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:

Endeavor Entrepreneurs and Staff Members from Latin America Visit the Endeavor Global Offices

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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.

Endeavor Global President Fernando Fabre to Keynote EOE3 Summit

EO_primary_CMYKThe 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.

January 2014 Newsletter

Jan2014 NewsletterTo view Endeavor’s January newsletter, a recap of all the top news stories from the previous month, please CLICK HERE.

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