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About Endeavor

Founded in 1997, Endeavor fosters economic growth in countries worldwide by selecting, mentoring, and accelerating high-impact entrepreneurs. Endeavor’s entrepreneurs lead fast-growing businesses that generate jobs in Latin America, the Middle East, Asia, Africa, Europe, and North America. Endeavor provides its entrepreneurs with a network of seasoned business leaders who provide key ingredients to entrepreneurial success: mentorship, networks, strategic advice, and inspiration. Over the past 17 years, Endeavor Entrepreneurs have created more than 400,000 high quality jobs, directly reaching more than two million people across the world. Endeavor has achieved tangible results, with individuals working for Endeavor companies doubling their income over baseline or previous jobs, and Endeavor companies growing revenue 2.4 times faster than comparable firms over three years.

Current Operations of Endeavor

Endeavor is dedicated to high-impact entrepreneurship. Its main operations focus on identifying and supporting the continued growth of a select group of entrepreneurs, creating jobs, and adding revenues to foster entrepreneurship in those societies. Endeavor currently works in 21 countries across the world. In recent years, Endeavor’s operations have expanded into several countries; Endeavor launched in Indonesia, Saudi Arabia, and Greece in 2012, Miami (US), Malaysia, and Morocco in 2013, and Peru and Spain in 2014.In 2011, Endeavor launched Endeavor Catalyst, a passive co-investment pool that uses donated funds to support Endeavor Entrepreneurs’ professional funding rounds and to provide funding for Endeavor’s growth and financial sustainability. Endeavor Catalyst has raised approximately $15 million to date and has made its first nine investments.

Approach and Distinguishing Features

Endeavor is an organization of, by, and for entrepreneurs. Endeavor believes that entrepreneurship is vital to economic growth and job creation, and recognizes the reality that entrepreneurs in growth markets face obstacles that inhibit successful scaling of businesses, such as limited management expertise, lack of role models, contacts, investors, etc. To this end, Endeavor provides immense support to rising entrepreneurs and acts as a springboard to catalyze their success with business establishment and job creation. Over 80% of Endeavor’s entrepreneurs give back to their local affiliates and commit to mentoring the next generation of entrepreneurs.

Endeavor’s entrepreneurs lead fast-growing, typically for-profit businesses that generate jobs and create revenues in growth markets. Endeavor looks for businesses with the potential to scale and become world-class ventures and industry leaders. Endeavor is distinct from many other organizations in its focus on high-growth, high-impact, for-profit companies that can scale. Academic research demonstrates that high-impact entrepreneurs generate a disproportionate number of jobs over other entrepreneurs.

2015 Kravis Prize

Endeavor

Endeavor fosters economic advancement in growth markets by launching high-impact entrepreneurs.

FAST FACTS

400,000+

high-quality jobs created by Endeavor companies

2 million

people impacted directly by Endeavor companies

97%

of Endeavor companies are still in operation, compared to most entrepreneurial ventures in the same markets, which close within 42 months

INJAZ Al-Arab: Inspiring a new generation of entrepreneurs

by | Sep 14, 2012 | Education, Entrepreneurship, INJAZ Al-Arab

2012 Kravis Prize winner Soraya Salti’s INJAZ Al-Arab aims to inspire and cultivate entrepreneurial aspirations in a new generation of Arab youth. In doing so, the organization has implemented many different initiatives to train and equip young students with the skills they need. For example, in 2009, INJAZ-UAE partnered with HSBC Bank Middle East to pilot the Junior Achievement More than Money program in the United Arab Emirates. Through the program, HSBC staff teaches young students about earning, sharing, saving and conscientious spending of money as well as about businesses they can start or jobs they can consider for their future. Sheikh Khaled Bin Zayed Al-Nehayan, vice chairman of INJAZ Al-Arab and chairman of INJAZ-UAE, discussed the program: “It will have a positive impact on [youth’s] behavior as future professionals and conscious consumers. It can also help students apply their mathematical teachings to everyday life, resulting in more comprehensive and practical learning experience.” To find out more about Soraya Salti and INJAZ-Al Arab’s great work, go to our page. “HSBC and Injaz-UAE ‘More than Money’ teach financial skills to 6th and 7th graders” [AMEinfo, May, 14,...

m2m: Harnessing the voice of one to help many

by | Sep 6, 2012 | Community Development, Education, Female Empowerment, Health, m2m

Although Kravis Prize winners are tackling different social problems in today’s world, they all share the same mission: Make an impact. For example, mothers2mothers harnesses the power of individuals – their mentor mothers – to empower, educate and foster a community that provides HIV-positive women with the support they need. The Huffington Post published the story of Patience Hlengiwe Kweyama, an HIV-positive mother of five and an m2m mentor mother, who discussed her own experiences: “I saw an ad for a Mentor Mother position for mothers2mothers, an NGO that helps prevent mother-to-child transmission through peer mentoring and education, and I decided to apply as I felt that providing support and education to other women going through similar experiences to me was something I could do. I wanted to help these women so that they could understand what medication is available and how they can have healthy babies. Most importantly, I didn’t want them to live with the same fear I did for almost ten years. Through the training I received, I am now able to live my life positively, living the mothers2mothers vision of saving babies and their mothers.” In addition, Kweyama emphasized the many roles that m2m plays in supporting HIV-positive mothers and pregnant women: “Mentor Mothers motivate pregnant women with HIV to adhere to their medicines. We provide a network of support for all mothers in the community. Challenges such as stigma and health worker shortages are addressed as well. Mentor Mothers are powerful agents against the stigma of HIV that causes women to live in fear and prevents them from seeking care. Mentor Mothers work alongside...

BRAC: Reinventing microfinance

by | Aug 30, 2012 | BRAC, Fazle Abed, Poverty Reduction, Sustainable Development

Kravis Prize winners are always innovating to help solve pressing problems in today’s world. For example, BRAC, founded by 2007 Kravis Prize winner Sir Fazle Abed, has reworked microfinance to create a new “graduation model.” The groundbreaking model was featured in Live Mint: “The model targets the ultra-poor and initiates a multi-pronged intervention with them, typically comprising mandatory savings, a subsistence allowance, transfer of a productive asset (usually livestock), health and livelihood trainings, etc. The basic idea is to provide the ultra-poor a safety net and an opportunity to start thinking of savings and investment in some form of productive livelihood activities.” Since BRAC introduced this program, the graduation pilots have been replicated in multiple sites around the world, “as an intervention to reach out to the poorest of the poor with a time-bound investment aimed at providing a social safety net and building their productive capacities.” The model has been adapted and implemented in eight countries: Ethiopia, Ghana, Haiti, Honduras, Pakistan, Peru, Yemen and India. Through continuous evaluation, researchers are monitoring the impact of the graduation pilots. In fact, researchers studying the pilot in West Bengal found that per capita food consumption increased 15 percent; per capita income increased 20 percent, while income from livestock and agriculture also showed significant gains. According to the research, there is an impressive 27 percent rate of return on the program investments! To learn more about the amazing work of Sir Fazle Abed and BRAC, go to our page. “The ‘graduation model’ in microfinance.” [Live Mint, August 14,...