High-Impact Entrepreneurship

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Entrepreneur Connections: Saudi Arabia’s Glowork and OTS Partner on Job Recruitment Service for Women

During a recent Endeavor KSA networking event, more than 30 board members, mentors and entrepreneurs from the local network convened to meet and discuss the impact of Endeavor. Attendees had the chance to meet casually over […]

January 29th, 2015 — by admin

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Lebanon’s Hind Hobeika, Founder of Instabeat, Honored on BBC’s 100 Women 2014 List

Lebanon entrepreneur Hind Hobeika, founder of wearable tech company Instabeat, was named to BBC’s 100 Women list this year which recognizes women who are leading industries and igniting change around the world. Instabeat produces a unique device that […]

October 29th, 2014 — by admin

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Endeavor Board Chairman Edgar Bronfman, Jr. Discusses the Impact of Entrepreneurship with Reuters


Reuters reporter Jennifer Rogers sits down with Endeavor Board Chairman and former Warner Music Group CEO Edgar Bronfman, Jr. for its “Wealth Effect” video series to discuss his passion for philanthropy and Endeavor’s mission. The series regularly features “in-depth conversations with CEOs, high-profile investors and celebrities about how they give back to the world around them.”

In the interview, Bronfman cites his family as inspiration for his charitable efforts, and describes his investment in Endeavor as “not just about creating jobs, but about changing perceptions.” He also highlights the example of Leila Velez, whose success after her selection as an Endeavor Entrepreneur in 2005 demonstrates the potential of high-impact entrepreneurs to transform their communities and local economies.

Watch the entire interview to learn more about Bronfman’s take on the selection process, what has surprised him most about the organization, and how he plans to pass on the spirit of philanthropy to his kids.


Endeavor Partners with GLG Research to Add Value for Scale-Up Entrepreneurs

GLG_LOGO_SOCIALIMPACT_RGB_300PPIGerson Lehrman Group (GLG), the world’s largest membership for professional learning and expertise, has partnered with Endeavor to offer select entrepreneurs in need of business advisement the opportunity to consult with its experts.  Endeavor is a 15-year old non-profit that provides mentoring support and expert advice to over 500 “high-impact” companies in 19 countries around the world.  While Endeavor has its own volunteer network of over 1,000 professionals around the world who are committed to mentorship, the partnership with GLG has enabled Endeavor to enhance its offering through access to GLG’s network of over 375,000 subject matter and functional experts.

“We are thrilled to have the opportunity to work with Endeavor on these high-impact projects,” said Jen Field, Director of Social Impact at GLG.  “Our mission and goals with respect to social entrepreneurship are most often in just the right alignment.”

“This partnership with GLG has allowed Endeavor to expand its range of high-impact services,” echoed David Wachtel, Endeavor’s SVP of Marketing, Communications and Partnerships. “These entrepreneurs were able to get additional advice tailored to their industries.”

Since 2012, GLG has supported Endeavor Entrepreneurs seeking expertise and insights related to specific areas of their businesses, from supply chain efficiencies to global expansion efforts.  One country where the partnership is proving very valuable is Egypt.  Endeavor has been operating in Egypt since 2008 but stepped up its operations after the events of the Arab Spring. Entrepreneurship is critical to Egypt’s economic future and, despite the current uncertainty, Endeavor has uncovered a number of promising companies with strong potential.  Endeavor turned to GLG for help identifying qualified experts that could offer custom insights to Endeavor businesses to enable them to grow and prosper amidst the challenging economic and political environment.

El Matbakh

imagesOne of a few select companies in Egypt providing full-service catering, El Matbakh evolved to focus exclusively on the corporate sector, where founders Tarek Khaddaj and Hiba Jammal saw a chance to offer personalized, turn-key food operations to the business class.  After their selection as Endeavor Entrepreneurs in 2010, Khaddaj and Jammal have seen steady growth in their industry and were in search of areas for expansion and operational improvement.  Earlier this year, Endeavor and GLG partnered to connect Khaddaj and Jammal with the CEO of a supply chain management consulting company and former Sodexo executive to discuss El Matbakh’s current and future needs.  The entrepreneurs sought counseling on methods of streamlining transportation, purchasing and vendor processes, as well as general advice on the global food service industry landscape and how they would be able to compete.

The GLG expert provided the El Matbakh team with a global perspective on their field along with objective feedback on their business and growth strategies that would allow them to adjust their long-term goals and diversify their client base going forward. “The insight was very helpful, and we are trying to apply some of the advice to our business model,” Khaddaj expressed in reference to their work with GLG.

The Bakery Shop (TBS)

untitledFounded in 2008, Tarek El NazerSameh El Sadat, and Basel Mashhour started TBS after recognizing an opportunity to offer fresh-baked European-style bread products to Egyptians in search of a more high-end bakery service. Serving a full range of items from baguettes to pastries, TBS operates independent retail stores as well as a B2B service for restaurants and sale stalls in supermarket chains. TBS has experienced rapid growth since its founding and, after selection as Endeavor Entrepreneurs in 2011, began developing expansion plans to open more locations and bring products to other regions.  Earlier this year, Endeavor and GLG connected TBS with a former director of bakeries at Kuwait Food Company with extensive experience in the regional food and manufacturing industries.  Seeking insight and advice on their business model as well as recommendations on broadening their product line, TBS worked with the GLG expert to clarify its goals and understand the best short- and long-term strategies for improving its offerings and expanding globally.  More recently, GLG connected TBS with the owner of a food and bakery industry consulting firm and independent consultant to fast food chain Pret-A-Manger.  The  consultant worked with TBS on methods for managing increased production demand and offered best practices for the establishment of a central production facility.

The sessions with GLG experts provided TBS’ entrepreneurs with customized advice to help streamline their business approach and customer base, as well as identify opportunities for product diversification, overhead reduction and supply chain improvement. With plans in progress to bring their brand to a wider audience, TBS’ founders acquired a more in-depth understanding of their strengths and areas for progress through access to GLG’s experts.

Learn more about GLG’s work by clicking here.

Endeavor Insight Releases “The 6-30 Report”, Spotlighting Scaleup Companies in Mexico

small__2061513637Endeavor Insight recently released “The 6-30 Report” with support from Omidyar Network, highlighting the contributions of scaleup companies towards job creation and economic growth in the country of Mexico. This is the third in a series of reports from Endeavor Insight that will focus on scaleup ecosystems worldwide and their significance in transforming emerging markets. The first two reports in the series focused on economies in Indonesia and Colombia.

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 the region. 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 and economy 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.

As a result, scaleup companies are critical to curating an environment for continued growth, addressing the challenge of unemployment by driving innovation, strengthening value chains, and paving the way for long-term economic expansion. As the largest job creators in the country, scaleups need access to the sort of services Endeavor works to provide, scaling  the right mix of talent, funding and networks to accelerate high-impact entrepreneurship that can transform a nation.

To read the full report and learn the methodology for these insights, click here.


December 2013 Newsletter

Dec2013NewsletterTo view Endeavor’s December newsletter, a recap of all the top news stories from the previous month, please CLICK HERE.

Reminder: To receive our monthly newsletters by email, please enter your email address in the sign-up box at the bottom of our homepage.

2013 Endeavor Entrepreneur Summit Video: Dave Goldberg and Wences Casares

From Endeavor’s invitation-only 2013 Endeavor Entrepreneur Summit in San Francisco (June 20, 2013).

Over their careers, Endeavor Entrepreneur and Lemon Wallet CEO and founder Wences Casares and SurveyMonkey CEO Dave Goldberg have been entrepreneurs, investors, founders and successful CEOs. In this frank fireside chat on leadership through a company’s — and an entrepreneur’s — life cycle, the two draw straight from their years of experience in the business and venture capital worlds. Casares reflects on his role as founding CEO of five companies and Goldberg describes both a founder’s and a CEO’s mentality as he took SurveyMonkey from a 14-person team to a $1 billion global business.

Watch the playlist of excerpts from their discussion:

Dave Goldberg & Wences Casares:

On Following Your Passion

On Being an Entrepreneur-In-Residence

On Venture Pitching and Investments

On Building SurveyMonkey Into a Billion Dollar Business

On Successful Managers and Emerging Markets

Endeavor Entrepreneur Company Conexia Gives Back Through Carbon Reduction Plan


Endeavor Entrepreneur company Conexia, a healthcare IT service that digitizes medical transactions, recently announced the purchase of a plot of forest land in La Fidelidad National Park in Argentina’s Gran Chaco region. Founded by Sebastian Letemendia and Luis Navas, Conexia has a plan to reduce its carbon footprint by 5% by 2014, and decided to purchase the plot of forest in order to mitigate the environmental impact of its first 25 years of business. As a certified ‘B Corporation’ by B Lab, an NGO that evaluates corporate social and environmental performance, Conexia’s announcement demonstrates how successful entrepreneurs can give-back to their communities as part of Endeavor’s network and model.

Spread across 150,000 hectares of land in the country’s northern region, La Fidelidad was established through the efforts of NGOs and environmental advocates seeking to protect the area’s rich biodiversity and wildlife. To fund the protection of the park, public donors are allowed to choose and contribute to specific areas of land they want to preserve.

Learn more about Conexia’s business:

McKinsey on Society’s “Entrepreneurship Without Boundaries” Series Features Insights from Members of the Endeavor Network


Consulting firm McKinsey & Co.’s McKinsey on Society feature offers insights on the people, organizations and ideas that are transforming the world. The current topic focuses on Entrepreneurship Without Boundaries  and explores how this generation’s entrepreneurs are making an impact across industries and nations. Endeavor supporters like network member Fadi Ghandour, 2013 Entrepreneur Summit speaker Chris Schroeder and 2013 Gala honoree Richard Branson have all offered their own insights for the series.

In his piece, Fadi Ghandour, founder and vice chairman of Aramex, discusses the concept of  ‘corporate entrepreneurship responsibility’, which is his take on the need for private sector firms to actively promote entrepreneurship and job creation beyond traditional CSR efforts. The future of international development, Ghandour explains, requires private sector companies to mentor, finance and market emerging entrepreneurs so that they can, in turn, spur economic and social growth. As an active member of the Endeavor network, Ghandour was honored at the 2011 Endeavor Gala for his work. Click here to continue to his full article.


Sir Richard Branson, Chris Schroeder and Fadi Ghandour

Chris Schroeder, a U.S.-based Internet entrepreneur, investor and author, offered his insights on the Arab world’s startup ecosystem, providing four ‘steps’ for Arab governments and communities to leverage the startup revolution in the region. Schroeder explains that political and economic progress will play an important role in the growth of the entrepreneurial community in the Middle East, particularly when it comes to transforming regulated regimes and trade restrictions. Schroeder was a keynote speaker at the 2013 Endeavor Summit in Palo Alto, CA. Click here to continue to his full article.

Founder of Virgin Group and serial entrepreneur Sir Richard Branson spotlights the need to support and invest in entrepreneurs at a young age in his article, telling the stories of budding entrepreneurs that have found support at his Branson Centre for Entrepreneurship. He discusses the ways in which various realms of authority can better support and encourage startup mentalities among young adults, including educational programming, increased government investment, and active corporate mentorship. Sir Branson was honored at the 2013 Endeavor Gala for his work. Click here to to continue to his full article.


Endeavor Affiliates Show Support for Global Entrepreneurship Week Around the World


Global Entrepreneurship Week (GEW) kicked off last Monday, November 18th with a slew of activities in celebration of the innovators and leaders who are transforming economies and promoting ecosystems of entrepreneurship worldwide. Taking place each November, GEW works with supporting organizations in dozens of countries to organize events for local entrepreneurial communities, fostering opportunities for collaboration, discussion and inspiration.

On social media, Endeavor Twitter handles globally participated in a campaign initiated by the Endeavor Turkey office, sharing dozens of insightful quotes from Endeavor Entrepreneurs with the hashtag #EndvrTale. See a selection of the top tweets from the campaign below or by clicking here. In addition, Endeavor co-founder and CEO Linda Rottenberg contributed her insights to CNBC’s special report on “The Global Entrepreneurial Revolution”, a media series created in partnership with GEW. Rottenberg explains why economic downturns are often optimal times for entrepreneurship in her full article here.

Below are highlights of Endeavor’s GEW activities in a selection of countries where the organization has an established or growing presence.

Endeavor Argentina hosted two main events during GEW which included a “Startup Camp” that convened over 4,000 participants for an online and digital program that offered educational and support services to participating startups. Another signature event led by Endeavor Argentina produced one of the largest gatherings to occur during GEW in Buenos Aires. The “Entrepreneurs Day” brought together over 5,300 registrants in a full day of activities supported by more than 30 partner organizations and featuring 60 activity sessions focused on entrepreneurial development.

Endeavor Brazil helped to organize and support GEW activities across the country, convening top policymakers, business leaders and influencers to inspire the entrepreneurial community in the region. Events in the cities of São Paulo and Minas Gerais featured prominent public officials, including the governors of each city, and drew top media outlets and hundreds of participants to celebrate the week’s kick off. A second flagship event brought together seven founders and CEOs from major Brazilian corporations to offer strategic advice to the 800 attendees and 27,000 online visitors looking to explore their own business development.

GEW Brazil 5

GEW in Brazil

This year, Endeavor Colombia was selected to chair the GEW articulating committee for the nation’s local events. The initiatives led by the articulating committee resulted in 60% more activities organized throughout the country compared to previous years. Endeavor Colombia’s efforts supported one event in particular entitled “Next Bank LatAm”, the first collaborative conference on innovation and disruption dedicated to technology startups developing financial solutions throughout Latin America. Taking place in Bogotá, the conference brought together business leaders and startups from across the region.

Endeavor Egypt supported a two-day summit entitled “RISEUP Egypt” during GEW, which showcased and celebrated Egyptian entrepreneurs as they shared success stories and networked with other members of the country’s entrepreneurial community. The event featured a mixture of keynotes, panels, roundtables and workshops, as well as a startup trade fair and a final celebratory party. In addition to the events, Endeavor Egypt launched a new “eNSPIRE” speaker series to promote the region’s entrepreneurial spirit through short TEDx-style talks given by Endeavor Entrepreneurs and mentors.

GEW Egypt 2

GEW in Egypt

For the third year, Endeavor Jordan partnered with INJAZ, a non-profit youth organization, and Endeavor Entrepreneur company Akhtaboot during GEW to organize workshops geared towards equipping young adults with entrepreneurial and managerial skills. This year’s workshop focused on providing participants with advice around successful interview tips and smart hiring choices. Hosted by Akhtaboot, the workshop is a part of the company’s social responsibility initiative which aims to conduct specialized training programs that help adults across the region develop work skills.

GEW Jordan

GEW in Jordan

Endeavor Lebanon hosted two activities at the American University of Beirut as a part of GEW. A main event invited four high-impact Endeavor Entrepreneurs including Marc Dfouni, Elie Habib, Brahms Chouity, and Jad Khoury to present inspirational talks on their businesses to students at the university, followed by a question and answer session and a networking cocktail reception.The goal of the session was to present an opportunity for students to gain practical insights about the entrepreneurship community in Lebanon through networking and dialogue.

With over 100 supporters organizing activities all across the country, highlights of Mexico’s GEW included signature events that took place at three universities in Mexico City, drawing nearly 1,100 attendees. These events included a keynote by the U.S. Ambassador to Mexico Anthony Wayne, who spoke on the U.S. support of Mexican entrepreneurs, followed by a feature on television network FOROtv. Activities in Mexico this year were organized around key themes including technology, women entrepreneurs, childcare, and student entrepreneurs.

GEW Tijuana 3

GEW in Mexico

South Africa
Endeavor South Africa hosted the local GEW with three key events across the country. In the city of Johannesburg, the office organized a “Getting Social” event to celebrate Venture Corps and Endeavor Entrepreneurs by convening marketing experts to discuss digital media strategies. A second event themed “Collaborate, Not Compete” brought together high-impact entrepreneurs and young African entrepreneurs to network and knowledge-share. In Cape Town, Endeavor South Africa hosted the “Guy Lundy Inspiration Breakfast”, which featured a keynote by the top South African strategy consultant. In addition, Endeavor South Africa supported over 40 other regional activities.

Working with multiple partner organizations to promote over 140 activities across the country, Endeavor Turkey served as the local host for the region by kicking off the week with an opening ceremony and press conference held at the Istanbul Stock Exchange. The office also organized the third annual Good Initiative Summit, featuring a workshop which convened 200 participants and four keynote speakers to explore the concept of high-impact entrepreneurship. In addition, Endeavor Turkey brought together the region’s entrepreneurs by organizing activities that include a training program for angel investors and a special panel for the Aspen Institute’s Partners for a New Beginning Summit. 

GEW Turkey 2

GEW in Turkey

Endeavor Uruguay organized two main events for the week. The “Más Emprendedoras” workshop focused on the topic of accessing smart capital and brought together experts, entrepreneurs and over a hundred attendees. The subsequent “Experiencia Endeavor Elevator Pitch” event convened five entrepreneurs to demonstrate best practices for business pitches followed by a networking session that allowed attendees to present their own ideas to Endeavor mentors. A networking reception following the event hosted Endeavor board members, mentors and entrepreneurs.

SAP Highlights Endeavor Partnership in Brazil

SAP logoEndeavor corporate partner SAP recently released a video introducing their Emerging Entrepreneurship Program, which seeks to support small and medium-sized businesses with social impact in emerging markets scale through mentoring and technology donations.  The program has initially focused on India and Brazil, where Endeavor Brazil has played an important operational role in getting the program off the ground.

To learn more about the program and SAP’s commitment to emerging markets, click on this link and see the video below.

eMBA 2013 Field Report: A Global Business Project Journey in Brazil

Each summer Endeavor sends a number of incoming and second-year MBA students, recruited from top schools, to work on-site with Endeavor Entrepreneurs on projects ranging from strategic planning to market expansion. The program is supported by a generous grant from Barclays. Following is a post from Tammy Wu, a member of the Cornell-Queen’s Executive MBA Class of 2014, who spent the summer working with Endeavor Entrepreneurs at Brazil’s MXT. For more photos of Tammy’s experience, click here.

The Global Business Project is the culminating project for our program.  It’s where we tie together concepts from across courses in a real international setting.  Each team is required to find its own management consulting project outside of North America, and to work with that client over many months.

Team Markham all set for the factory tour at MXT

Team Markham all set for the factory tour at MXT

Our team developed seven different project opportunities, ranging in location from India to Dubai to Brazil, with industries as different as import/export of foods, solar energy, and pharmaceuticals.  In the end, we selected a tracking technology company in Brazil called MXT.   We wanted a project where our client would be engaged at the senior management level, and where our inputs would be meaningful.  We wanted to ensure that our team, with its breadth of experience across functional areas, could add value by applying their career experience in a new environment.  We hoped to be involved in a project that provided social benefit, and on top of all that, we wanted to have fun!

Even with such high hopes, the project completely exceeded our expectations.  It was a highly rewarding experience to work on-site at MXT, and to interact with incredibly passionate people.  As part of the project engagement, our team led a workshop, and the level of involvement and interest that was displayed by MXT staff was simply phenomenal.   Moreover, our team was completely blown away by the extent of warmth and hospitality that was extended towards us.

Thanks to Endeavor Global and Endeavor Brasil for making the connection between our team and MXT.  Endeavor is a non-profit organization committed to developing high-impact entrepreneurship across the globe.  http://www.endeavor.org/

We are grateful to Gustavo Travassos, the founder of MXT, and the MXT senior management team, for this project experience.  Our team has learned much about the opportunities and challenges of doing business in Brazil, as well as the joys and trials of entrepreneurship.  We are back at home, inspired and excited for what lies ahead, both for MXT, and for our own business and career endeavors!

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