What is Endeavor?
Endeavor is the leading supporter of high-impact entrepreneurship in emerging markets. High-impact entrepreneurship creates jobs, generates wealth, inspires individuals to take on entrepreneurship and contributes to the economic and social development of emerging-market countries.
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What is the "multiplier effect"?
Through their success, Endeavor Entrepreneurs inspire others in their community to start businesses. This is Endeavor's "multiplier effect" which is expected to inspire a culture of entrepreneurship and generate hundreds and thousands of additional value-added jobs.
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What is high-impact entrepreneurship?
High-impact entrepreneurs are those with the biggest ideas and most ambitious plans for scalable, high-growth businesses. Unlike micro-credit recipients who aim for self-sufficiency, high-impact entrepreneurs create companies that employ hundreds - even thousands - of people and generate millions in wages and revenue, encouraging social mobility. They develop innovations that transform industries and communities, improving quality of life.
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Why Endeavor?
Traditional means of promoting international development have not catalyzed high-growth entrepreneurship. Microfinance recipients and small business owners are at square one: starting a business to gain control of their own income. At the other end of the spectrum are private equity investors focused on large companies with revenues exceeding US$50 million. A gap exists. Endeavor bridges this gap.
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Why entrepreneurship?
Entrepreneurship has been essential to the development and growth of the world's strongest economics. New ventures create jobs, spread wealth, expand opportunity and increase social mobility.
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Where does Endeavor operate?
Endeavor has offices in Argentina, Brazil, Chile, Colombia, South Africa, Turkey and Uruguay - and has a bold plan for expansion into Asia, Africa and the Middle East.
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How does this model work?
Endeavor scours emerging markets for the best undiscovered talent, investing the due-diligence and high search costs that others do not. We then connect these innovative individuals to a global network of cutting-edge business leaders to support and mentor entrepreneurs selected through our rigorous Search & Selection process. Our network helps Endeavor Entrepreneurs accelerate the spread of innovations while improving the quality of life in the developing world.
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Does Endeavor offer funds?
Endeavor is not a fund. Rather, our model is based on a network of business leaders, investors, academics, and government officials who mentor and offer support to aspiring entrepreneurs in emerging-market countries. Endeavor connects Entrepreneurs with provides the network for its entrepreneurs to find the funds to scale their business plans.
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What is Endeavor's "venture catalyst" model?
Endeavor has applied an award-winning model to address the problem of global development by turning promising emerging-market entrepreneurs into high-impact entrepreneurs who create value-added jobs and opportunity in emerging-markets. Endeavor's "venture catalyst" model directly works to overcome these obstacles by identifying individuals with big ideas and connecting them to a network of successful business people and investors with the resources and skills to help take their business ideas to scale. Endeavor does this by engaging prominent local business leaders to commit financial, strategic and networking support to local entrepreneurs.
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What is the Search & Selection process?
At the heart of Endeavor is a group of extraordinary emerging-market entrepreneurs who have the potential to transform their industries, their communities, and even their countries. Endeavor's rigorous screening process analyzes hundreds of entrepreneurs every six-months in search of the best emerging-market role models, and provides a certification of the Entrepreneurs' business to the global investor community. We select individuals of all ages, ethnicities and educational backgrounds, delivering a meritocratic message to citizens of the developing world: through hard work, creativity and values-driven leadership, individuals living anywhere, from any background, can turn an entrepreneurial idea into a world-class venture. For more details please click here.
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