The Wall Street Journal recently profiled Endeavor Miami‘s work with local entrepreneurs in an article exploring the city’s rapidly growing entrepreneurship ecosystem. Driven in part by companies hoping to gain a foothold in Latin America, the city is now positioned as a major gateway into the region’s emerging markets. Launched in 2013, Endeavor Miami works to uncover the city’s potential by supporting the businesses that are demonstrating the most high-impact growth and innovation.
WSJ highlights examples of local tech entrepreneurs who are beginning to reinvest in the city’s ecosystem, having grown their own Miami-based businesses into multi-million dollar brands. The article calls out the work of Endeavor Miami Board Member and mentor Andres Moreno, whose Open English, an online English-language school platform, now employs over 2,000 people across seven offices.
Venture capital investments in Miami rose to $369 million in 2013 from $102 million in 2010, according to WSJ’s data, placing it among some of the country’s top startup markets. At the same time, Miami still faces key challenges in the market including a lack of local funding sources, talent access and mentors. With support from the Knight Foundation, Endeavor’s launch in Miami sought to tackle these challenges by finding and fostering high-impact entrepreneurs, having already selected five entrepreneurs from three companies into the network. In particular, the article mentions the efforts of Endeavor Entrepreneur Jesus Rodriguez, whose mobile software venture KidoZen has grown into a $5 million operation.
Read the full article in WSJ by clicking here.