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Endeavor eMERGE Dubai Convenes 40+ Entrepreneurs and Network Members to Highlight Human Capital

Endeavor hosted an Endeavor eMERGE event in Dubai this month, bringing together top members of the network from the MENA region for two days of networking, workshops and discussion. With a particular focus on the development […]

September 25th, 2014 — by admin

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Endeavor Uruguay Gala Brings Together 750+ Network Members and Regional Influencers

Endeavor Uruguay‘s annual Gala brought together more than 750 of the local network’s top stakeholders, including entrepreneurs, business leaders, investors, policy makers and more. With over 100 local and international companies represented,  the event also received coverage in a […]

September 6th, 2014 — by admin

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Endeavor Saudi Arabia Celebrates the Impact of Endeavor, Convenes 200+ Influencers

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Endeavor Entrepreneurs from Saudi Arabia honored at the event

In May, Endeavor Saudia Arabia brought together more than 200 entrepreneurs, business leaders and policymakers in a gala event that celebrated the official launch of the affiliate, which was announced in 2012. The event took place in Riyadh, the nation’s capital, with key public officials including Dr. Tawfiq Al-Rabiah, Minister of Commerce and Industry, and Dr. Mohammad Al-Jasser, Minister of Economy and Planning, in attendance. Kicking off with an introduction to the magic of Endeavor, local board chairman Rami Al-Turki discussed the impact of scale-up entrepreneurship on the region’s development.

“Endeavor helps entrepreneurs to unleash their potential in several ways, including introductions to local and international business mentors and volunteers from Fortune 500 consulting firms,” Rami explained during the ceremony. 

Managing Director Rakan Al-Eidi highlighted key data and facts about Endeavor’s growth and stressed the importance of supporting local role models and promoting entrepreneurship for future generations, particularly in the Middle East’s growing markets. All eight of Endeavor Saudi Arabia’s current entrepreneurs were honored at the event and discussed Endeavor’s role in helping them grow and transform their businesses. Endeavor mentor Dave McClure, founder of 500 Startups, also took the stage to underline the importance of investing in entrepreneurship in emerging economies.

Announced in 2012, Endeavor Saudi Arabia became the fifth Endeavor affiliate in the MENA region, which now includes Turkey, Jordan, Lebanon, Egypt and the UAE. Read additional coverage of the event in Arab News by clicking here

Mexico’s Naranya Labs Partners with NXTP Labs to Form New Latin America-Focused Seed Fund

naranyaMexico-based seed fund and accelerator Naranya Labs, founded by Endeavor Entrepreneur Arturo Galvan, recently announced a partnership with accelerator NXTP Labs to form a new early-stage capital fund that will invest at least $8 million in Mexico’s startup ecosystem. Both firms are aiming to broaden their reach across Latin America and this new fund, supported by a grant from Mexico’s National Entrepreneur Institute, serves as a critical step. The $8 million is expected to be used to invest in 48 startups in the country while also covering follow-on investments over a period of four years. Currently, the fund’s portfolio includes more than 150 companies and aims to support up to 300 startups across the region.

With a $50 million investment target,  the fund’s fundraising stage is expected to be completed by the end of 2014. The collaboration will also ensure that the firms will have full coverage in key Latin American markets including Argentina, Brazil, Chile, Colombia, Mexico and Uruguay.

“The support of the Mexican government is essential to promote the talent of innovative Mexican startups throughout the region. It sets an example to be followed by other countries in Latin America,” said Arturo in a statement.

Since his selection by Endeavor in 2011, Arturo and his team have been active members of the network. Arturo has served as both an ISP panelist and recommended potential entrepreneurs into the Endeavor pipeline. In addition, Naranya has participated in top Investor Network events and received custom advisory sessions with global mentors.

Read more about the partnership announcement in NXTP Labs’ press release, The Next Web, and The Miami Herald.

Endeavor and Entrepreneurs’ Organization Collaborate to Further Support for Entrepreneurs Worldwide

EO_primary_CMYKEndeavor President Fernando Fabre and Entrepreneurs’ Organization’s (EO) SVP of Global Membership Brian Costanzo recently announced that the two organizations are teaming up to advance their support of high-impact entrepreneurs around the world. EO is a global non-profit business network that aims to “engage leading entrepreneurs to learn and grow”  with more than 120 chapters across 41  countries. Offering everything from educational programming to healthcare services, the membership-based organization helps entrepreneurs thrive by providing access to a number of resources focused on personal growth.

As EO expands its chapters and network, Endeavor plans to work with the organization to uncover areas for mutual growth and mission alignment in order to advance entrepreneurship ecosystems in the markets that need it the most. Endeavor’s country affiliates and EO’s chapters have already begun working together to support entrepreneurial development in nations like Mexico, Greece, Brazil, Saudi Arabia and the UAE. EO’s reach will provide valuable insight to Endeavor as it aims to expand to 25 countries by 2015.

Endeavor Entrepreneurs also expressed their support for the collaboration.

“Endeavor has helped me think big in terms of my business; EO has helped me understand that one has to be okay with oneself in order to grow a business,” said Arturo Merino of financial services firm Arccanto. “Endeavor and EO together are an explosive combination.”

“Working with both organizations has helped me enjoy growing with a wonderful and unbeatable network,” echoed Hugo Hernández Basulto, founder of Mexico-based manufacturer Lindes.

Learn more about EO by clicking here.

Barclays Advisory Session and Tour Spotlights Education-Focused Endeavor Entrepreneurs

BarclaysLogoOn May 15th, Endeavor held a Youth Impact Advisory Session & Education Tour, a day-long event in New York sponsored by Barclays and geared towards Endeavor Entrepreneurs working in the education sector. Representatives from five Endeavor Entrepreneur companies participated, including ASK for Human Capacity Building, Campoalto, Enova, IPETH, and LumniWith a focus on youth and underprivileged communities, the work of these entrepreneurs provides a range of training and educational services. Combined, their businesses employ over 650 people and serve nearly 200,000 individuals across Latin America, the U.S. and the Middle East.

The day began at Barclays’ offices in Times Square with the inaugural Barclays-Endeavor Youth Impact Advisory Session. Each Endeavor company was paired with a team of 4-6 senior executives from Barclays who provided strategic advice and guidance to address each company’s specific challenges in strategy, finance, operations and processes. In the afternoon, the entrepreneurs participated in networking sessions and discussions with one another, finding ways to foster collaboration and improve their own business operations.

Guest speaker Jeremy Johnson, Chief Strategy Officer at 2Uoffered insight into how online programs and technologies are changing the education space in both the U.S. and abroad. Carlos Dominguez, the Senior Vice President, Office of the Chairman and CEO at Cisco Systems, also stopped by to discuss innovation, organizational culture, and methods for adapting to the rapidly changing conditions of the industry. In addition, Endeavor partnered with a team from the Concordia Summit during the day to co-host a live Twitter conversation with Carlos, which engaged Endeavor Entrepreneurs and Twitter users around the world to address key issues facing the education sector. View highlights of the digital conversation by clicking here.

“It was an amazing and insightful day, the discussions in the morning with Barclays and afterwards with Jeremy and Carlos,” said entrepreneur Amin Amin of ASK. “Many thanks to the Endeavor team for all of the hard work in making this happen and for providing these amazing opportunities to all of us.”

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Endeavor Entrepreneurs from Campoalto meet with Barclays advisors

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The entrepreneurs who attended represent a range of educational services and products. Learn more about their companies below:

Founded by Amin Amin, the Jordan-based ASK (Attitude, Skills and Knowledge) for Human Capacity Building develops innovative programming and offers consulting services with a special focus on education. Realizing that the biggest challenge to development in the region was the lack of human capacity, Amin’s focus on bridging the missing link between education and employment has made his organization a pioneer in the sector. With the support of a USAID-funded Education Reform Support Program (ERSP), the company is responsible for implementing the Jordan Schools Program (JSP) with operations continuing to expand throughout the Middle East. Since joining Endeavor in 2009, Amin has been active in the network, notably participating in Endeavor Summit and Investor Network events.

campoaltoColombia’s Campoalto, founded by Hugo Fernando Novoa, Alvaro Hoffmann, and Andrés Angulo, focuses on providing training in various professions to low-income students, particularly disadvantaged women. The company operates campuses across Colombia, including a fully-equipped clinical facility, and offers flexible schedules and an affordable pay-as-you-go model. The company’s team has expanded to over 16 different training programs, becoming the first institution in Colombia to be accredited in a new sector of government-regulated education. After joining Endeavor in 2010, the entrepreneurs have received custom advisory sessions from local mentors as well as support from Endeavor’s G-Lab program.

Enova

Enova is a social enterprise in Mexico that designs innovative educational models and spaces, with the mission of bringing accessible technology to low-income communities in order to close the digital divide. The organization designs, builds and operates cost-effective and sustainable educational centers called the “RIA” which provides populations in marginalized neighborhoods with access to community spaces where they can take courses, use computers and more. Enova’s e-learning courses have been made available to both children and adults and teach a wide range of subjects and skills. Founders Jorge CamilRaúl Maldonado and Mois Cherem Arana joined the Endeavor network in 2011 and have participated in custom mentoring sessions while also receiving support from Endeavor’s eMBA and EY Vantage programs.

IPETH

 IPETH, founded by Arturo Macip and Alejandro Cuervo Guevara, is a university based in Puebla, Mexico that offers bachelors degrees in physical therapy and primarily targets low-income students who would not normally be able to enroll in four-year degree programs. The university focuses on providing world class instruction and solid employment opportunities for alumni, expanding to campuses in Mexico City and developing programs at undergraduate and post-graduate degree levels. Since the entrepreneurs were selected in 2011, the company has connected with advisory board members and received introductions to top mentors, receiving strategic guidance on their expansion plans.

logo_lumni_verticalA venture capital fund that invests directly in human capital, Lumni finances education for students in exchange for a small fixed percentage of their future income over a pre-set time period. Founded by Colombian entrepreneur Felipe Vergara, the firm currently operates in Colombia, Chile, Mexico, Peru and the U.S. Since joining Endeavor, Felipe has grown Lumni to support thousands of students, with significantly low dropout and default rates. Lumni’s investors include individuals and corporations, with current and forthcoming capital funds totaling in the millions of dollars. A Wharton MBA and former consultant who has long been passionate about reducing the education gap, Felipe has grown Lumni’s innovative model since his selection in 2009 with the support of a team of local mentors and network members.

Endeavor Marketing Retreat Convenes Staff from 16 Countries in New York City

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Marketing staff members from 16 countries at the Global office

Marketing and communications staff from 16 of Endeavor’s countries spent three days in the Global offices in New York City for the organization’s first worldwide marketing retreat, which was comprised of  of workshops, speaker sessions, site visits and networking events.

Speakers with expertise in areas ranging from event planning to social media provided staff with strategic insight into their respective industries. On the first day, Ari Kuschnir of creative production company m ss ng p eces and Susan McPherson of social good consultancy McPherson Strategies addressed the topics of storytelling, brand awareness and digital marketing. With a focus on content creation and social media, the second day featured a visit to digital agency Barbarian Group and presentations from Drew Train, Business Director of brand agency OBERLAND, and Katrina Craigwell, Head of Global Digital Programming for General ElectricThe final day brought in Patricia Meier, former U.S. CEO of HSM, founded by Endeavor Entrepreneurs Eduardo Bruchou and Nelson Duboscqto discuss her experiences planning large-scale events. 

Ultimately, the retreat promoted internal discussion around global branding, content and event strategies in order to better serve Endeavor’s mission as the leading supporter of high-impact entrepreneurship worldwide. One key discussion item revolved around the usage of the Endeavor Entrepreneur seal, a logo designed to allow entrepreneurs to showcase their Endeavor distinction online or in print. For entrepreneurs interested in receiving a high-resolution version of the seal, please contact your local offices.  

Linda Rottenberg Discusses Lessons in Entrepreneurship for Stanford’s eCorner Series

In this talk for Stanford’s Entrepreneurship Corner, Linda Rottenberg shares smart lessons for cutting an entrepreneurial path in a turbulent world. Touching on elements from her upcoming book, Crazy is a Compliment, Rottenberg unpacks insights from her personal journey and explores Endeavor’s work driving high-impact entrepreneurship in growing markets worldwide.

Watch the full video below and by clicking here.

Mexico’s Tatiana Bilbao Profiled in The New York Times’ T Magazine

TMagazineMexico-based architect and Endeavor Entrepreneur Tatiana Bilbao, founder of her own eponymous design firmwas recently profiled in T Magazine, The New York Times‘ style publication. The article highlights Tatiana’s growing prominence in the architecture world and her distinct design style that the magazine identifies as “eco-Brutalism”, referencing a modern approach to the aesthetic of 1960s and ’70s design. 

With a focus on transforming underused, neglected and remote spaces across Mexico’s urban and rural areas, Bilbao’s portfolio of work includes everything from churches to public housing to academic research centers. In addition, the firm’s designs emphasize sustainability in water and waste management and energy usage. Building upon her growing success and recognition, Tatiana aims to turn her firm’s model into a scalable business that could provide similar environmental and socially conscious creations worldwide.

Since joining the Endeavor network in 2010, Tatiana has received tailored guidance on her firm’s growth and expansion plans from a team of local mentors. In addition to the T Magazine feature, Tatiana’s work was highlighted in a Wall Street Journal article in March about open-source blueprint platform Paperhouses.

View the full T Magazine article by clicking here.

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May 2014 Newsletter

MayNewsletterTo 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 Insight’s “The 13-32 Report” Examines Scaleup Companies in Peru

LimaPeruEndeavor Insight‘s “The 13-32 Report“, released with support from Omidyar Network, spotlights the contributions of scaleup companies towards job creation and economic growth in the country of Peru. This is the third in a series of reports from Endeavor Insight that focuses 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 Peru. The report found that these businesses represent just 13% of the country’s total number of firms but created 32% of net new jobs in the past three years. For a nation like Peru in particular, where the workforce is projected to grow by more than 2.5 million people by 2020, the demand for new jobs has never been higher. A reported 400,000 young people in Peru are currently unemployed, making up two-thirds of the national rate.

With the demand for new jobs continuing to climb, scaleup companies are critical to creating an environment for continued growth, addressing the challenge of unemployment by driving innovation, strengthening value chains, and paving the way for long-term expansion. As the largest job creators in the country, scaleups need access to the sort of services Endeavor works to provide, promoting the right mix of talent, funding and networks to accelerate high-impact entrepreneurship that can transform the region.

Endeavor officially launched its Endeavor Peru affiliate in 2014. To read the full report and learn more about the research, click here.

 

2013 Endeavor Entrepreneur Summit Video: Roy Gilbert & Gina Bianchini

This video was filmed during Endeavor’s invitation-only 2013 Endeavor Entrepreneur Summit in San Francisco (June 2013).

Entrepreneurs rarely examine any one issue in isolation, and this fireside chat is no different: recruiting, investors, growth, product-market-fit, more growth, shifting products, inspiring the team successfully and more will be covered in this session. Join Gina Bianchini, CEO and founder of community platform Mightybell (and Ning before it) and Roy Gilbert, CEO of online social learning company Grockit and former head of Google’s Global User Operations as they dive deep into these topics.

GINA BIANCHINI is the Founder and CEO of Mightybell, the first community platform built to support networks of groups. Before Mightybell, Bianchini and Marc Andreessen co-founded Ning, the largest social platform for communities of interests and passions online. She served as CEO of Ning from its inception in 2004 to March of 2010, at which time Ning had 90 million monthly unique visitors, 46 million registered users and 300,000 monthly active communities across entertainment, politics, education and interests. Gina and Mightybell have been featured in Fast Company, Bloomberg Business Week, The New York Times and The Wall Street Journal.

ROY GILBERT is Grockit’s CEO. Prior to joining Grockit, Roy was the Director of User Operations and Policy for Google, and launched and led Google’s operations in India. Before moving to India, Roy was the business operations manager for the launch of Gmail. Roy began his career as an officer in the United States Navy, where he served onboard the attack submarine USS MIAMI (SSN-755) for several classified missions. Roy graduated with a BS in computer science from the US Naval Academy as well as an MBA from Stanford.

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