Our Entrepreneurs

Francisco Martínez de Velasco

Neology

Francisco Martínez de Velasco Francisco Martínez de Velasco

Impact metric

285% growth in jobs since selection
“I saw an opportunity to pioneer a new type of high-tech chip technology.”
Country
Mexico
Industry
Technology
Employees
70
Year selected
2004
Website

Company Snapshot

Neology is one of only three companies in the world pioneering ultra-high radio frequency identification (RFID) chip technology. Neology is the only company with a patented “cloaking” technology that enables devices to read multiple chips simultaneously and to minimize radio frequency interference by shutting chips off after they are read. While most competitors are focused on the supply chain business, Neology’s novel strategy combines chip sales with implementation and integration services, helping them to secure coveted, high-value clients, including the US Navy and Mexican Border Patrol. With production facilities in Mexico City and San Diego, California, as well as sales offices stretching from Shanghai to Cairo, Neology—which holds more than 20 patents – with over 200 in the works.

Today, Neology has top corporations such as Delta Airlines as clients as well as the U.S. Navy, the governments of the UAE and Pakistan. They’ve completed projects on the US-Mexico boarder, Honduras National Arms Registry Project, Panama’s Toll Control Program and Pakistan’s National Vehicle registration.

Neology has grown in just a few short years from a successful Mexican tech start-up into a global star.

Since selection by Endeavor, company revenues have grown by +182%.

Endeavor and Neology

The Entrepreneurs were able to raise significant financing through Endeavor contacts, and have implemented a sales strategy developed by an eMBA. They have participated in numerous Immersion Tours and Entrepreneur Summits, along with investor road shows.

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From the Entrepreneurship Blog

Events

Endeavor Convenes Managing Directors from 20 Countries for Leadership Retreat

August 17th, 2014 — by admin

During the  54th Endeavor International Selection Panel in New York, Endeavor convened managing directors from all 20 of its affiliate offices for an annual MD Retreat. The aim of the program was to f…

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South Africa’s Vinny Lingham Announces Acquisition of Gyft, His Third Venture, By First Data

August 1st, 2014 — by admin

Mobile gift card provider Gyft, founded by Endeavor Entrepreneur Vinny Lingham, recently announced its acquisition by First Data, a payment technology solutions provider. Based in San Francisco, Gyft …

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