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Endeavor Greece Celebrates Two Years and 3,500+ Jobs Created By Its Entrepreneurs

Endeavor Greece released an infographic and video to highlight the office’s impact during its two year anniversary. The team supports some of the region’s top high-impact entrepreneurs who continue to drive sustainable job creation and contribute to […]

December 18th, 2014 — by admin

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In Memory of Endeavor Mexico Board Member Bernardo Minkow

Bernardo Minkow, Endeavor Mexico Board Member and active contributor to the network, passed away earlier this month. Below, Endeavor Mexico’s Managing Director Pilar Aguilar shares her thoughts and memories of Bernardo’s support of Endeavor through the […]

September 19th, 2014 — by admin

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17 High-Impact Entrepreneurs Selected at Buenos Aires Panel: Endeavor Reaches 500th Company Milestone

Endeavor selected 17 High-Impact Entrepreneurs from 11 companies from Argentina, Brazil, Chile, Colombia, Greece, Mexico, South Africa and Uruguay at its 48th International Selection Panel. Endeavor now supports 801 High-Impact Entrepreneurs from 500 companies in 15 emerging and growth market countries. The entrepreneurs were chosen at a panel held from May 6-8 in Buenos Aires, Argentina.

“It’s exciting to have so many new companies join the Endeavor community,” said Endeavor Co-founder and CEO Linda Rottenberg. “And it’s very special to have an ISP held in the birthplace of Endeavor, where some of our greatest entrepreneurs have come from!”

The International Selection Panel (ISP) is the culmination of a rigorous multi-step selection process. At the ISP, top local and international business leaders interview candidates about their businesses and high-impact potential, and then vote on whether or not candidates become Endeavor Entrepreneurs. 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 three additional International Selection Panels this year: Johannesburg, August 2013; Palo Alto, CA, October 2013 and Dubai, UAE, December 2013.

 

Brief descriptions of the selected entrepreneurs and companies follow:

 

Argentina

Entreprenuer: Ariel Gesto

Company: InvGate (www.invgate.com)

Description: InvGate develops software for IT infrastructure management that allows medium-to-large enterprises to configure, monitor and manage all of their IT assets remotely, as well as centralize IT help requests. By incorporating the latest trends in Web 2.0, gamification and social networking, InvGate is able to deliver an innovative and user-friendly interface.

 

Entrepreneurs: Luis Robbio, Alejandro Robbio, Federico Robbio

Company: Belatrix Software SA (www.belatrixsf.com)

Description: Belatrix provides software innovation and quality assurance services to firms across multiple industries in North America and Europe. Belatrix is engaged by customers to co-innovate with them, ideate, design, and develop custom software products and to ensure that existing software products perform as expected. Belatrix hopes to lead the trend as IT outsourcing moves away from India: the company has operations in Argentina, Peru, and the US.

 

Brazil

Entrepreneur: Darci Schneid

Company: Sirtec (www.sirtec.com.br)

Description: SIRTEC builds and maintains electrical networks for power utilities in Brazil, ensuring that the electrical providers meet key performance indicators related to frequency and duration of energy disruptions. With 900 employees, SIRTEC currently services three large utilities in Rio Grande do Sul (RS), providing third party implementation, repair, and transmission services

 

Entrepreneur: Jamie de Paula

Company: Neoway (www.neoway.com.br)

Description: Neoway’s proprietary Market Intelligence Software (SIM) accesses and analyzes large, publicly available databases in Brazil, aggregating the relevant information for customers to generate business leads. Neoway’s software can isolate information across a variety of key market factors with intuitive data visualization outputs. Currently, Neoway’s core client base spans the healthcare, construction and oil and gas sectors.

 

Chile

Entrepreneur: Pablo Godoy

Company: Inzpiral (www.inzpiral.com)

Description: Inzpiral is a BI software solution company consisting of three product platforms, each compiling, consolidating and analyzing large data sets for the optimization of pricing and distribution strategies. Inzpiral’s solutions primarily apply to the Retail/CPG market, however, Pablo has also proven his platform’s value to mining and telecommunications customers. Operating solely in Chile, Inzpiral is set to expand to Peru in 2014 and has managed to maintain a 100% client retention rate with some of Chile’s largest retail and CPG companies.

 

Colombia

Entrepreneurs: Juan José Mesa, Andrés Angel

Company: Glüky Group (www.gluky.co)

Description: Glüky provides corporations with the technology, strategy, and operational capacity to design and implement incentives programs for employees, sales channel partners, and clients. Its new cloud-based platform, the Glüky Network, harnesses the power of social networking features to provide clients with a robust platform to recognize, reward, and effectively motivate their employees and partners.

 

Greece

Entrepreneur: Christos Papadimitriou

Company: Papadimitriou (www.papadim.com)

Description: Papadimitriou is a family business founded in 1939 in Kalamata to export currants from the Pelopponese region of Greece. In the late 1990’s, Papadimitriou transformed to become a producer of all-natural balsamic vinegars and mustards in unique Mediterranean flavors, all derived from currants. Today it sells these value-added products in major supermarkets in Greece, where it is the balsamic vinegar market leader, as well as in 28 export markets.

 

Mexico

Entrepreneur: Juan Carlos Guerra

Company: Eco-Klin (www.ek.com.mx)

Description: Eco-Klin offers Mexican auto shops nationwide an integrated, environmentally friendly solution for their waste management needs. This consists of auto parts washing machine service, used oil collection, and hazardous waste collection. Clients receive credits for each liter of used oil collected, which can be used to defray the cost of the other services. Eco-Klin then sells the collected oil to re-refineries at a significant profit.

 

Entrepreneurs: Alejandro Cuervo, Arturo Macip

Company: IPETH (www.ipeth.edu.mx)

Description: IPETH, a new university based in Puebla, Mexico, offers bachelors degrees in physical therapy and primarily targets low-income students who would not normally enroll in a four-year degree program. The university focuses on providing world class instruction and solid employment opportunities for alumni. IPETH is now expanding with a new campus in Mexico City and new undegraduate and post-graduate degree programs, and plans to rapidly scale its enrollments over the next few years.

 

South Africa

Entrepreneurs: Dennis Marketos, Paul Marketos

Company: Metrix Software Solutions (www.isometrix.com/index.php)

Description: In a global regulatory environment that is becoming increasingly standardized and stringent across industries, companies are at risk of irresponsible corporate practices and violating industry requirements for which they can be heavily fined. Metrix Software Solutions offers evaluation tools that review governance, risk management, and compliance (GRC) status in real-time and display it for company personnel in a user-friendly, fully-customizable dashboard. Metrix first launched its proprietary GRC software product, IsoMetrix, in the mining sector in South Africa, and has since expanded across industries and geographies.

 

Uruguay

Entrepreneurs: Sergio Fogel, Andrés Bzurovski

Company: AstroPay (www.astropay.com)

Description: AstroPay enables international ecommerce websites to accept local payments from Latin America. Through its innovative platform, AstroPay addresses the three fundamental problems facing the Latin American e-commerce consumer: it provides a payment method for those without an international credit card, protects against phishing and identity theft, and prevents purchases from being rejected because of the merchant company’s regulations.

 

President Obama meets with four Endeavor Mexico Entrepreneurs

Endeavor Mexico nominated four Endeavor Mexico Entrepreneurs to participate in a roundtable conversation on entrepreneurship with President Barack Obama during his visit to Mexico City in early May.

Over two days, President Obama met with President Peña Nieto on a range of issues that affect the nations’ relationship, including security, government reform, and the importance of job growth and entrepreneurship.  “I also want to work with the Mexican government,” President Obama said in a speech at the Anthropology Museum, “because I believe that the long-term solution to the challenge of illegal immigration is a growing and prosperous Mexico that creates more jobs and opportunities for young people here.”

During the roundtable conversation, Endeavor Mexico Entrepreneurs, Enrique Gómez Junco (Optima Energia), Alfredo Suárez (AliBio), Moís Cherem (Enova) and Gabriel Manjarrez (Micel) spoke with Obama and his team about the challenges and opportunities they face as entrepreneurs. They also praised the work Endeavor is doing to build support networks for entrepreneurs in Mexico and around the world.

“This event was really unique,” Enrique Gómez said. “It is the first time in our history that our governments focus their attentions in develop entrepreneurship as the main tool to help Mexico develop faster.”

 

May 2013 Newsletter

To view Endeavor’s May 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.

 

Endeavor Egypt Entrepreneur Launches Magazine

Endeavor Egypt entrepreneur Yasmine Shihata launched an Arabic version of her successful English-language lifestyle and business magazine, Enigma. The new regional magazine is called Enigma Star, and fittingly, a coterie of Arab movie stars – including TV satirist and talk show host Bassem Yousuf – gathered in Dubai for the launch party. At the party, Yasmine, who was selected by Endeavor last year, was recognized as one of the most active women in the Middle East.  

Enova CEO Wins Schwab Foundation Social Entrepreneur of the Year Award

Endeavor Mexico Entrepreneur Mois Cherem was one of three winners of the 2013 Schwab Foundation Latin America Social Entrepreneur of the Year Awards. He received the honor yesterday in Lima, Peru, at the World Economic Forum on Latin America – in the presence of President Ollanta Moises Humala Tasso of Peru; President Ricardo Martinelli of Panama and President Enrique Peña Nieto of Mexico.

Mois is one of three founders of ENOVA, which designs, builds and operates small, cost-effective digital learning centers in Mexico, known as RIA (Red de Innovacion y Aprendizaje). Because of ENOVA’s advanced technologies and well-trained facilitators, RIA is the biggest network of digital education centers in Mexico, where only 13% of students graduate from college. With 70 centers, ENOVA has approximately 235,000 registered members and 9,000 new students per month. Mois and ENOVA was also featured in our “Impact is Endeavor” video.

 

 

Endeavor Global Board Member Arif Naqvi Honored by Peace Organization

Arif Naqvi, Endeavor Global Board Member and Founder of The Abraaj Group, a leading private equity firm that invests in growth markets throughout Asia, Middle East, Africa, Turkey, Central Asia, and Latin America, was named the 2013 Oslo Business for Peace Honoree. The Oslo Business for Peace Award is the highest form of recognition given to individual business leaders for fostering peace and stability through creating shared value between business and society.

Naqvi’s work in promoting responsible business practices by looking at the stakeholder, rather than exclusively the shareholder, is pioneering in the private equity industry, and The Abraaj Group devotes the time of its employees and resources to mentoring social, cultural and economic entrepreneurs. Abraaj and its employees have developed an important partnership with Endeavor over the past three years supporting dozens of entrepreneurs as well as Endeavor’s affiliate expansion throughout MENA and Southeast Asia.

Celebrity John Leguizamo Praises Endeavor Colombia Company in WSJ

 

Bogota-born actor and comedian John Leguizamo recommended Endeavor Colombia company Mario Hernandez as a “must visit” in a full page story on Bogota in the Adventure & Travel section of The Wall Street Journal. According to the write-up, “the leather [of the products] is buttery and the linings are cool. It’s all really well constructed and made to last.”  Owner and Endeavor entrepreneur Mario Hernandez can now add this story to his collection of press featured on his website.  Mario Hernandez was selected by Endeavor in 2012 and continues to thrive.

 

 

Studies from Endeavor Partners Reveal Caution and Hope Among VCs

 

Endeavor partners Ernst & Young and MIT Sloan School of Management both conducted recent surveys on venture capital. The MIT study, which focuses solely on Brazil, highlighted some conditions in Brazil that make it an attractive place to invest, including the fact that there is a rapidly growing middle class with increased access to credit, as well as high digital engagement. After the U.S., Brazil has the highest number of Facebook and Twitter users.

Meanwhile, the Ernst & Young Annual Global VC Report describes 2012 as a challenging year for venture capital. Both the amounts raised and the number of rounds declined to their lowest point since 2009, and the market came under pressure from the ongoing tough exit environment. However, according to the report, as VCs moved toward investing in later-stage, high-growth ventures, there was a rise in involvement from angel investors and crowd-funding platforms that helped fund companies in the start-up stage.

Linda Rottenberg’s Day 1 Speech

Linda Rottenberg, CEO and Co-founder of Endeavor, delivered a speech in Rio de Janeiro at the Global Entrepreneur Congress (GEC) hosted by Endeavor Brazil. The speech was part of Endeavor Brazil’s “Day 1” series, where entrepreneurs talk about days that forever changed their entrepreneurial journeys.

Linda spoke before a packed audience about her “Day Ones,” including the day when, as an Ashoka fellow in Argentina in the late 90s, she had her “eureka moment” and first thought up the Endeavor model; the day when Argentina business tycoon Eduardo Elsztain agreed to fund the launch of Endeavor’s first office in Buenos Aires; the day when Endeavor Global Board Chairman Edgar Bronfman, Jr. pushed Linda to ratchet Endeavor’s global presence up to 25 countries by 2015; and finally, the day when she realized that in order for Endeavor to lead a global high-impact entrepreneurship movement, she needed to hire senior leaders, thereby  transforming her team from a rock star into a rock band.

Other Day 1 speakers included Brad Feld, Managing Director of Foundry Group, Luciano Huck, Brazilian TV star (and the first Brazilian to garner one million twitter followers), and Edivan Costa, Brazilian Endeavor Entrepreneur and Founder of business registration company, SEDI.

 

 

Harvard Professor Donates Proceeds of New Book to Endeavor

Endeavor recently received notice that Thomas Eisenmann, the Howard H. Stevenson Professor of Business Administration at Harvard Business School, will donate to Endeavor the proceeds of his new book, Managing Startups: Best Blogposts.

The book is a collection of blog posts about startup ventures, covering important topics such as: Funding Management, Business Models, Lean Startup, Customer Discovery and Validation, Branding, and Product Development. Managing Startups will be published on May 15th, but is available here for pre-order on Amazon. Eisenmann said he chose Endeavor because of our focus on entrepreneurship in emerging markets.

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