2015_Endeavor_Hero

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

m2m Introduces House Resolution

by | May 10, 2012 | Female Empowerment, Health, m2m

Here at the Kravis Prize, we’re proud to say that our winners effect change and actively contribute to solving the leading issues in today’s society. Case in point: Today, mothers2mothers, along with the Elizabeth Glaser Pediatric AIDS Foundation, Representatives Trent Franks, R-Ariz., Barbara Lee, D-Calif., and James McDermott, D-Wash., are announcing a new bipartisan House resolution: “Recognizing the Potential for the Virtual Elimination of Pediatric HIV and AIDS and Keeping HIV Positive Mothers Alive.” Even greater news, you can get involved! Take the step towards eliminating pediatric AIDS by 2015 and saving mothers in honor of Mother’s Day! Find out more here and take action to support the...

Landesa’s barefoot lawyers

by | May 4, 2012 | Community Development, Landesa, Roy Prosterman

In the mid-1960s, 2006 Kravis Prize winner Roy Prosterman founded Landesa, using his knowledge and expertise to fight global poverty. Armed with his background as an attorney, he set out to tackle one of the root causes of poverty – rural landlessness. The organization’s work spans across the globe, including India. In fact, Landesa has partnered with India’s Andhra Pradesh government for a legal aid program. Through the program, young people can be trained as paralegals and spread their knowledge to help others understand their rights and secure title, or “patta,” to their land. Reuters shared one individual’s story: “My father-in-law pawned the land for food,” said Kowasalya Thati. “When he returned the grain later, the land owners refused to give it back. They claimed it and we had no document to prove otherwise. For 28 years, we had to work on the land we once owned. Without land, we had nothing … not even enough food. It’s a miracle we got it back.” Landesa says there are plans to bring these barefoot lawyers to other states in the country, further expanding the organization’s impact and reach. Landesa’s India country director Gregory Rake says, “The community-based paralegal model has emerged globally as a cost-effective solution to the problem of access to justice for rural communities.” In fact, a similar scheme is already running in India’s impoverished state of Orissa and will aim to provide half a million poor families with security over their land. “FEATURE-Barefoot lawyers bring food security to India’s tribes” [Reuters, May 2,...

FAWE-Packard Foundation Initiative

by | Apr 27, 2012 | FAWE, Female Empowerment, Health

Here at the Kravis Prize, we’re proud to say our winners are at the forefront of their field and exemplary leaders in the nonprofit world. Forum for African Women Educationalists (FAWE), for example, is constantly innovating and implementing new programs that tackle the multi-faceted problems in education. FAWE partnered with the David and Lucile Packard Foundation to develop a three-year program focusing on adolescent sexual and reproductive health and rights (ASRHR). Launched in 2010, the initiative aims to ensure that by 2013, some 10,800 adolescent girls from a total of 30 schools and close to 10,000 individuals, including teachers, in surrounding communities will have improved knowledge and skills in regards adolescent girls’ sexual and reproductive health and better access to reliable information and services on reproduction and sexuality. The program was introduced in Ethiopia, Ghana, Kenya, Rwanda, Uganda and Zambia. FAWE’s latest newsletter revealed the progress they’ve made: “To date, 600 girls have received scholarships and support to remain in school and are scheduled to complete secondary school by the end of the project in 2013. … To date, 150 teachers and 125 community facilitators have been trained in ASRHR and are in turn training other teachers and community members in the target schools and communities. At school level, community members and schoolgirls are being trained in the production of reusable sanitary towels.” Find out more about the program here. You can also read more about FAWE and their work on our...