Economies of emerging markets have huge potential for investors. One organization in particular has tapped into this sector through supporting high-impact entrepreneurs. Endeavor is a truely inspiring organization that focuses on entrepreneurship in Argentina, Brazil, Chile, Colombia, Mexico, South Africa, Turkey and Uruguay. It is seeking to expand to 25 more countries in the next ten years. Heres some information on their organization:
Throughout history, entrepreneurs have created innovations that disrupt the status quo and fuel new growth. From Toyota to Southwest Airlines, FedEx to CNN, Nokia to Google, a group of high-impact entrepreneurs with big ideas have transformed the world around them and improved all of our lives.
The development sector is witnessing a similar disruption. Recent decades have seen the rise of micro-lending that provides financing opportunities to the poorest of the poor, and the rise of social entrepreneurship that inspires people to use business skills to solve social problems. Today, a new disruption is occurring in the developing world. Endeavor, a leading global nonprofit, is transforming the economies of emerging markets by identifying and supporting high-impact entrepreneurs.
High-impact entrepreneurs have the biggest ideas and most ambitious plans. They have the potential to create thriving companies that employ hundreds, even thousands of people, and generate millions in wages and revenues. And they have the power to inspire countless others. Endeavor targets only entrepreneurs with high-impact potential. We scour a country for these entrepreneurs, help them break down a society's barriers to success, offer world-class strategic advice, and open doors to capital. With Endeavor's guidance, they become role models, encourage others to innovate and take risks, and create sustainable economic growth.
Established in 1997, Endeavor currently operates in Argentina, Brazil, Chile, Colombia, Mexico, South Africa, Turkey and Uruguay. The organization is embarking on an ambitious expansion plan with the goal of reaching 25 emerging markets - including countries in Asia, Africa and the Middle East - in the next decade.
As of December 2005, 198 Endeavor Entrepreneurs from 140 companies have been certified through Endeavor's rigorous Search & Selection process, screened from a pool of 14,044 applicants. Endeavor Entrepreneurs have created 38,418 jobs paying on average 10x the national minimum wage, generated US$1.375 billion in revenues during 2005 alone, and with Endeavor's support secured approximately US$871.3 million in financing. Today, 96% of Endeavor Entrepreneurs' companies are still operating in countries where the vast majority of entrepreneurial ventures typically close within 42 months.
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