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Endeavor and Linda Rottenberg Profiled in The Christian Science Monitor

The Christian Science Monitor, a U.S.-based international news publication, recently profiled Endeavor CEO Linda Rottenberg and the story of Endeavor, spotlighting the organization’s journey and its rapidly growing global impact. In particular, the article calls […]

April 16th, 2014 — by admin

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Endeavor Staff Featured at the 2014 Global Entrepreneurship Congress in Moscow

The 2014 Global Entrepreneurship Congress  took place in Moscow, Russia this year from March 17th – 20th, convening industry leaders, top entrepreneurs and policymakers in an annual event that promotes ecosystems of entrepreneurship and innovation […]

March 30th, 2014 — by admin

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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!

Endeavor Entrepreneur Company Enova Honored at the 2013 Tech Awards

Enova

Enova, an Endeavor Entrepreneur company, was honored with the Microsoft Education Award at the 2013 Tech Awards  this month in San Jose, CA. Founded by Endeavor Entrepreneurs Jorge CamilMois Cherem Arana and Raúl Maldonado, Enova brings technology-based learning to disadvantaged communities throughout Mexico by designing, building and operating small, cost-effective educational centers called the Red de Innovación y Aprendizaje (Learning and Education Network). By providing e-learning courses to children and adults in a wide range of subjects and skills, the organization seeks to transform the lives of low-income Mexicans with digital education.

The Tech Awards program was developed in 2000 by the  The Tech Museum of Innovation, recognizing ten international organizations each year that are leveraging technology to address pressing urban and social issues across the categories of education, environment, health, economic development, and young innovation.

Endeavor has supported Enova and its founders with a variety of  business development activities since their selection in 2011, including consultations with education experts, mentoring sessions with business leaders and participation in the Endeavor eMBA Programamong other activities. Watch a video of the Enova’s work below.

StudentUniverse Acquisition of WeHostels, an Endeavor Entrepreneur Company, Highlights the Impact of Endeavor

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StudentUniverse recently announced the acquisition of WeHostels, a popular mobile app that enables travelers to book value accommodations around the world. Founded by Endeavor Entrepreneur Diego Saez-Gil in 2011, the vision for the company was to revolutionize the travel experience for young, budget-conscious and social-minded users. Touted as the first global social-web company built from Latin America for the world, WeHostels has seen steady success since its founding, with mentions across media outlets including TechCrunch, BBC News, and TheNextWeb among other accolades. With support for seven languages and activity across 800 cities, WeHostels reports 200,000 monthly active users with 80,000 hostels and hotels available for booking in its roster.

Its new parent company, the Boston-based StudentUniverse, provides travel services targeted at students and serves a reported eight million students a year. With the acquisition of WeHostels, StudentUniverse is looking to make headway in the mobile space, taking advantage of the unique platform and social media integration that has set the app offering apart from its competition. While WeHostels will remain a standalone product, Diego will also lead mobile development for StudentUniverse moving forward. WeHostels’ current employees, based across New York and Colombia, will also be joining the StudentUniverse family under the deal.

Diego

This announcement is exciting news for the Endeavor network, as it stands as a testament to the opportunities that are created when entrepreneurs like Diego are given access to the right mix of mentors, business networks and strategic advice to help scale their businesses to the next stage. After being selected as an Endeavor Entrepreneur in 2012, Diego has been an active participant in many key learning and support activities provided by Endeavor, including networking events, branding tours, and mentoring sessions.

Earlier in 2013, Endeavor facilitated a day-long event that convened branding experts from MBLM, a global marketing agency, for a brand innovation workshop tailored to WeHostels. Read more about the workshop here and watch a recap video below. In addition, Endeavor provided Diego the opportunity to meet with key investor and industry leaders through events organized by the Endeavor Investor Network, including sessions with influencers like Richard Harris (Travelocity), David Kidder (BionicSolution), and Wences Casares (Lemon.com), among others. Read more about the acquisition on WeHostels’ blog here, including a special thanks to Endeavor “for opening countless doors of opportunity”.

Endeavor Entrepreneur Company ADVENIO Launches Kinedu, A Mobile App for New Parents

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Endeavor Mexico entrepreneurs Luis Garza Sada and René Lankenau founded ADVENIO, a network of corporate daycare centers, with the goal of helping employers in Mexico attract and retain talent by providing working parents with convenient childcare services. The first service of its kind in Mexico, the company is now looking to make a mark in the mobile space with its recently launched Kinedu app, a ” personalized developmental roadmap” tool for parents to record the progress of their children through early phases of growth and learning.

Based on the company’s specialized education program known as the Kinedu System, the app offers users an intuitive interface of instructional videos and tips to help new parents boost the cognitive, social, linguistic, emotional and physical progress of their babies in the critical stage of early development. With this launch, ADVENIO is looking to become a leader in the childcare sector by harnessing the insights of its experienced experts and encouraging parental engagement early on. The app is now available to download in the iTunes store here.

KineduApp

Endeavor’s U.S. Expansion Profiled in Entrepreneur Magazine

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Endeavor was recently profiled in an article in Entrepreneur Magazine, highlighting the organization’s first U.S. office in Miami which opened its doors earlier in September 2013. The article discusses Endeavor’s vision for the U.S. and the shift to including homegrown entrepreneurs with the 800+ that the organization already supports in emerging markets worldwide.

CEO Linda Rottenberg explains the decision to make the move into U.S. markets: “There are pockets of the United States where people are really suffering as well, and where high-growth, high-impact entrepreneurs can make a difference.”

To read the full article, click here.

Endeavor Insight Releases “The 8-45 Report” Focused on Scaleup Companies in Colombia

BogotaEndeavor Insight has released “The 8-45 Report” with support from Omidyar Network, spotlighting the contributions of scaleup companies towards economic growth in the country of Colombia. This is the second in a series of reports from Endeavor Insight that will focus on scaleup ecosystems worldwide and their significance in transforming emerging markets. The first report in the series focused on the Indonesian economy, and is available here.

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 job creation and development in Colombia. The report found that these businesses represent just 8% of Colombia’s total number of firms but created 45% of net new jobs in the past three years. This is particularly significant for Colombia, which has a projected workforce growth of one million people by 2020, but currently has more than 1.1 million unemployed young adults between the ages of 14 and 28.

As the demand for new jobs continues to climb, scaleup companies are helping to foster an environment for steady 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 within Colombia, 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 the region.

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

2013 Impact Report

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The 2012-2013 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 the digital report by clicking HERE and learn more about the ways in which high-impact entrepreneurship is transforming emerging markets, supporting local economies and innovating for future generations. To download a PDF version of the report, click HERE.

A special thanks to Open for their great design work on this year’s report.

 

 

 

2013 Endeavor Gala Honoring Sir Richard Branson Spotlights the Magic of Endeavor

On Friday, November 8th, the 2013 Endeavor Gala brought together over 600 entrepreneurs, business leaders, Endeavor Board members and supporters to celebrate the magic of Endeavor at Cipriani 42nd Street in New York City. As Endeavor’s only annual fundraising event, the Gala is held in support of the organization’s mission to select, support and scale high-impact entrepreneurs in emerging markets worldwide. This year, the record number of attendees included 30 Endeavor Entrepreneurs from 12 countries and 31 Endeavor board members from 15 countries, representing a total of 18 Endeavor affiliates.

This year’s event honored Sir Richard Branson – business magnate, serial entrepreneur and founder of Virgin Group – and featured a Q&A session between Branson and Endeavor Board Chairman Edgar Bronfman, Jr. During the Q&A, Branson emphasized the the importance of having the right support system and network for emerging entrepreneurs hoping to take their ideas to the next level.

“The feedback I get from entrepreneurs I’ve met who come in contact with Endeavor is great. Having mentors who can really give you advice is so important, and I suspect a lot of us in this room wouldn’t be where we are today without those mentors. To have an organization that’s going into countries all around the world and doing that is fantastic.”

Watch the live Q&A:

Co-founder and CEO Linda Rottenberg highlighted the ‘magic’ of Endeavor, and the ways in which the organization has transformed the notion of entrepreneurship, looking beyond the traditional startup towards creating sustainable ecosystems and economies worldwide.

“What we call magic is actually the spark that emerges between the performer and the audience. They create the magic together. The same applies to Endeavor. After 16 years, we know how to find the best entrepreneurial talent even in the unlikeliest places, but that’s only half of the equation. If we really want to create that spark, we need all of you to join with us. Become a mentor, support Endeavor Catalyst, help us build this organization of entrepreneurial game-changers who are creating the future. It’s together that we create the magic of Endeavor.”

Watch Linda’s speech:

The program ended with a performance by Atlantic Records recording artist Lauriana Mae. After dinner, attendees enjoyed the annual after-party with special guest DJ Hannah Bronfman. View photos from the Gala cocktail and dinner program here, and for all of the photos from our photobooth click here.

Learn more about the magic of Endeavor:

 

Endeavor Insight Releases “The 16-52 Report”, Highlighting Scaleup Companies and Job Growth in Indonesia

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Endeavor’s research arm, Endeavor Insight, with support from Omidyar Network, recently released “The 16-52 Report”, highlighting the importance of scaleup companies to job creation and economic growth in Indonesia. This is the first in a series of reports from Endeavor Insight that will focus on scaleup ecosystems worldwide, and their significance in transforming emerging markets.

Scaleup companies, defined as companies more than three years old with a minimum of 20% average annual employment growth, are becoming increasingly critical to the Indonesian economy. The report found that these businesses represent just 16% of the nation’s firms but created 52% of net new jobs over the past three years. For Indonesia in particular, the need for new employment opportunities has never been greater, with research from the International Labor Organization estimating that over four million young Indonesians in the labor force are currently out of work.

As the country’s young population continues to increase, the demand for new jobs will only skyrocket. As a result, scaleup companies have become a critical component in helping to  tackle the challenge of unemployment throughout the region. As the largest job creators for the country, scaleups will require access to the right mix of talent, funding and networks to help them accelerate growth, progress job creation, and foster the type of high-impact entrepreneurship Endeavor looks to support worldwide.

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

 

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