At EY‘s first pan-Mediterranean Strategic Growth Forum in Rome, nearly 600 business executives, government leaders and entrepreneurs from across the globe came together to discuss the region’s business and investment potential. The two-day event included panel discussions with Endeavor Entrepreneurs Mostafa […]
The 2013-2014 Endeavor Global Impact Report is now available. This year’s report features updated profiles on the global offices, vibrant new visuals of Endeavor’s impact, and highlights of key milestones from the past year. View […]
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.”
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.
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.
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.
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.
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, 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.
Endeavor recently received notice that Thomas Eisenmann, the Howard H. Stevenson Professor of Business Administrationat 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.
Last week, Endeavor Mexico company, Fairtrasa, which produces and distributes high-quality organic and fair trade fruits and vegetables, acquired an established organic trading company in Holland to increase its sales in Europe.
With this acquisition, Fairtrasa is becoming a leading organic and fair trade fruit supplier in the European market. This will enable it to keep growing its farmer network and increase its economic and social impact. The company will now be called Fairtrasa Holland B.V.