endeavor in brief 2014
DESCRIPTION
The 2014 Endeavor in Brief Report features Endeavor’s Impact in Jordan, profiles of newly selected Endeavor Entrepreneurs, and highlights of key milestones from the past year.TRANSCRIPT
endeavorin brief
2014
CONTENT
1 WELCOME3 IMPACT & RESULTS4 THE NETWORK6 NEW TO THE NETWORK8 ENDEAVOR SEARCH & SELECTION MODEL10 MULTIPLYING IMPACT12 TIMELINE 14 HIGHLIGHTS, AWARDS & ACHIEVEMENTS16 UPCOMING EVENTS
1
WELCOME
Endeavor was introduced to me while attending the World Economic Forum in 2007. This was an organization that was built on the premise that the path to sustainable economic development and job creation lay clearly in supporting high-growth enterprises. What resonated with me the most is that it is the role of the private sector to lead such an initiative, and to support the younger generation of entrepreneurs in scaling their businesses and multiplying their success. Within a year, and with the support of like-minded individuals, we had established Endeavor Jordan and were operational by early 2009.
The timing could not have been better. As Jordan began to feel the ripple effects of the global financial crisis, catalyzing entrepreneurship had become an urgent necessity. At the time, Jordan’s entrepreneurial ecosystem was still nascent, and while star businesses were starting to emerge, they had limited support channels to tap into to achieve their full potential. We weren’t looking for just any business, we were instead focusing on those businesses that were game-changers, that were innovating and on a clear path to scale. At the helm of those businesses would be inspiring entrepreneurs with the leadership skills to execute their vision, and the potential to ignite others.
Six years on, our portfolio continues to expand and our companies, despite the general adverse economic conditions, are achieving double-digit growth, both in terms of revenues and number of jobs they are creating. The support of the mentor network has been paramount in achieving this, and I would like to take this opportunity to thank all the mentors and partner organizations that are helping Endeavor fulfill its mission.
The Endeavor journey has shown how much more we have to both give and learn in building high impact ventures in Jordan. I, for one, continue to enjoy working with the teams shaping tomorrow’s leading businesses, and can confidently claim that I am learning more from mentoring our inspiring entrepreneurs than I give back to them. I look forward to working with all of you in multiplying our impact further in 2015.
Ali Al-HusryChairman Endeavor Jordan
Entrepreneurship is increasingly seen as a plausible solution to today’s high unemployment levels. With youth unemployment proving a huge burden on the local economy, the need for home-grown role models is crucial to convince the younger generation that entrepreneurship is a viable option.
Endeavor has been cultivating entrepreneur role models in Jordan since 2009 and plays a key role in supporting them on their high-impact journey; by facilitating access to mentors and networks, talent, capital and markets. We are able to do this through the remarkable support of Endeavor’s local and global mentor network. In 2014, local business leaders devoted more than 180 hours to mentoring our high-impact entrepreneurs, with 13 network members serving on our portfolio companies’ advisory boards. In turn, the Endeavor companies have created 2,100 jobs, and generated USD 140 million in revenues in 2014.
This past year we released our first research report; “Multiplying Impact: Amman’s High-Growth ICT Industry.” The report shares four stories of scale-up entrepreneurs whose impact has stretched beyond the success of their own business and contributed to the growth of localized ecosystems through reinvesting their intellectual, social and financial capital into new companies. It is such entrepreneurs who are disproportionately higher drivers of jobs, growth, value and sustainability. It is such entrepreneurs that Endeavor is on a constant quest to identify, select and support.
All in all, Endeavor Jordan has screened 660 candidates, and selected 22 companies. With this year’s selection of 5 new entrepreneurs from 3 companies: ReserveOut, Madfoo3atCom and Alissar Flowers, our current active portfolio is made up of 24 entrepreneurs, representing 16 companies from diverse industries. You can learn more about our new entrepreneurs in this report.
Looking forward, we are excited to be hosting Endeavor’s 59th International Selection Panel in Amman in June 2015, and are keen to welcome new entrepreneurs into this group of innovative game-changers who are leaving a foot-print for younger entrepreneurs to follow.
Rasha MannaManaging DirectorEndeavor Jordan
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HumanCapital
24Jordanian High-Impact Entrepreneurs representing 16 companies from 7 industries
2100+people employed by Endeavor Entrepreneurs
14% average increase in jobs p.a.
27export markets
FinancialCapital
$140M+in revenues generated byEndeavor Entrepreneurs
41% average revenue growth p.a.
$7M+in equity capital raised since selection
SocialCapital
1000+ hours of mentoring provided by Endeavor Mentors since 2009
210+global connections and investor introductionssince 2009
50+ local & 3000+ global business leaders mentor Endeavor Entrepreneurs
5Endeavor Entrepreneur Advisory Boards
CulturalCapital
700+ attendees of Endeavor Jordan events
100+ media mentions of Endeavor and its Entrepreneurs
7500+followers of social media feeds
“Endeavor’s global movement is transforming economies, one entrepreneur at a time.” EDGAR BRONFMAN, JR.Chairman, Endeavor Global
Endeavor Jordan and its entrepreneurs enable significant impact by building four types of capital:HUMAN FINANCIAL SOCIAL & CULTURAL
IMPACT & RESULTS
BOARD OF DIRECTORS
Ali Al-HusryDirector, Hikma PharmaceuticalsEndeavor Jordan Chairman
Amjad AryanPresident & FounderPharmacy1
Fawaz Zu’biFounder & CEOAccelerator Technology Holdings
Ihab HinnawiCEOUmniah
Maher KaddouraAngel Investor & Management ConsultantEndeavor Jordan Vice Chairman
Nadia Al SaeedGeneral ManagerBank al Etihad
Peter B. KellnerFounder & Managing Partner, Richmond ManagementEndeavor Co-Founder,Endeavor Global Board Member
Randa AyoubiFounder & CEORubicon Group Holding
Safwan MasriExecutive Vice President forGlobal Centers & Global Development,Columbia University
Said DarwazahChairman & CEOHikma Pharmaceuticals
Tarik AwadCEOCapital Investments
Waddah BarkawiPartnerErnst and Young
Walid TahabsemPresident & CEOIntegrated Technology Group
THE NETWORK
ENTREPRENEURS
ENDEAVORIS AN ORGANIZATION
OF, BY, & FOR
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Jalil AllabadiAltibbi
Majdy Abo MathkoorFadi Bargouti Curl Stone
Ala’ Al SallalJamalon
Omar TabbaaEAT Restaurant Group
Zeena MajaliRamez KalisCrysTelCall
Khalil ShadidReserveOut
Nasser SalehMadfoo3atCom
Charif Mzayek Alissar Mzayek Ghassan MzayekAlissar Flowers
ENDEAVOR ENTREPRENEURSin order of selection
Mansour MansourJavna Amjad AryanPharmacy1
Amin AminASK
Yousef ShamounMohamad Haj HasanAkhtaboot
Omar KoudsiJeeran
Zafer YounisRamzi Halaby The Online Project
Firas Al-Otaibi Wael Attili Mohammed AsfourKharabeesh
Fadi Al-AtrashAPI
the challenge of unemployment
by driving innovation,strengthening value chains,
and pavingthe way for long-term
expansion.
Scale-ups address
Company: Madfoo3atComEntrepreneur: Nasser SalehIndustry: ePaymentsSelected: October 2014
Having gained 10 years of banking experience in the Gulf, Nasser recognized the opportunity for implementing an electronic system in Jordan. He wanted to create an alternative to the antiquated, lengthy, and inadequate bill payment process. Madfoo3atCom was launched in 2011, offering a real-time bill presentment and payment system that enables the billers’ clients to inquire about, and pay their bills, via convenient and secure electronic channels 24/7. In 2013, the company secured an eight-year exclusive contract with the Central Bank of Jordan, mandating that all 26 banks in the country process electronic payments through the company’s platform.
“With Endeavor’s support,I am confident that Madfoo3atCom will continue to deliver bigger and better things for the e-payment industry in the Kingdomand beyond.”
Nasser Saleh
Company: ReserveOutEntrepreneur: Khalil ShadidIndustry: SoftwareSelected: August 2014
Khalil has always been driven by passion; passion for technology, which he realized when he joined Cisco in New York as a Systems Engineer, and passion for good food and dining experiences, which he experienced living in the big city. When traveling back home to Amman, he realized the Middle East lacked an efficient local service that allowed people to make online reservations conveniently. Khalil identified an untapped opportunity to improve both customer service and restaurant operations and realized the huge potential. With the MENA restaurant market boasting more than 18,000 sit down restaurants, Khalil moved to Jordan and started ReserveOut in 2011; a platform that provides restaurants with software that helps to efficiently manage and record customer reservations, touchpoints, and preferences. Since launching the company, ReserveOut has successfully seated over 1.3 million diners, averaging 2,000 online reservations per month, and signed 280 restaurant clients in Abu Dhabi, Dubai, Amman, and Beirut with plans for further regional expansion in 2015.
“Being presented with the chance to meet and exchange insights with such remarkable entrepreneurial role models from around the world has been a valuable learning experience and privilege.”Khalil Shadid
NEW TO THE NETWORKSelected as Endeavor Entrepreneurs in 2014
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Company: Alissar FlowersEntrepreneurs:Charif, Alissar, Ghassan MzayekIndustry: Agriculture/ RetailSelected: December 2014
After fleeing the civil war in Lebanon and moving to Jordan, Hadi and Malvina Mzayek founded Alissar in Amman in 1979 as a small neighbourhood flower shop selling floral arrangements and indoor plants to the local market. Their three children Charif, Alissar, and Ghassan, grew up working in the shop after school, on weekends, and during summer breaks; learning about the floral industry and how to run the business. The three siblings set their eyes on the US$260 million commercial flower and plant market in the GCC and decided to join Alissar Flowers in the early 1990s. Since then, Alissar Flowers grew to become a market leader in Jordan and a significant regional player. They maintained Alissar’s floriculture core and expanded the product lines to include: growing their own flowers, providing total floral solutions to luxury hotels across the region, and distributing planting material world-wide. This led to increasing organizational efficiencies and expanding geographically. The company now operates four distinct businesses; B2B, B2C, Production, and Agribusiness and employs over 140 people.
“To have our hard work recognized by a leading global organization as Endeavor is a distincthonor and an invaluable opportunity for us.” Charif Mzayek
Six times a year, Endeavor selects the next class of entrepreneurs at International Selection Panels, where business leaders interview candidates before deciding whether or not these candidates become Endeavor Entrepreneurs.
ENDEAVOR SEARCH & SELECTION MODEL
Leadership Potential Leaders with the vision,energy and skills to take theirbusiness (and themselves) tothe next level.
BUSINESS
Scale and AccelerationCompanies with a significantrunway for growth; willbecome highest impactbusinesses as defined byrevenues, jobs, exits andinvestor appeal.
TIMING
Inflection PointBusiness at a key inflectionpoint in growth trajectory.
Ecosystem ImpactWill become role models bygiving back (both financiallyand with time) to bothEndeavor and the broaderentrepreneurial ecosystem.
SELECTION CRITERIA
ENTREPRENEUR
Through a rigorous, multi-step selection process, Endeavor annually screens thousands of entrepreneurs from around the world to identify the best talent. Candidates with the most innovative, high-growth ventures, and greatest promise to become future mentors and investors, are selected as Endeavor Entrepreneurs.
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SELECTION MODEL
SCALING UP ENDEAVOR’S HIGH-IMPACT ENTREPRENEURS
MULTIPLYING IMPACT
When successful founders establish new spin-off companies, mentor others, and act as early-stage investors, they increase the opportunities available to new generations of entrepreneurs.
In December 2014, Endeavor Jordan published a report, ‘Multiplying Impact: Amman’s High-Growth ICT Industry’ providing in-depth insights into Jordan’s dynamic ICT sector ecosystem, and demonstrating how scale-up entrepreneurs are disproportionately higher drivers of jobs, value and sustainability, through reinvesting their financial, social and intellectual capital into new companies.
Report Synopsis
The development of entrepreneurship ecosystems cannot be judged by the number of startups in each country, nor are startups the answer for the Middle East’s pressing job crisis. It is the scale-up entrepreneurs that overcome the initial start-up hurdles and manage to reach the challenging phase of actually scaling their businesses - while demonstrating the potential to be sustainable - that are the driving force of job creation.
Success Breeds Success
The report shares four stories of scale-up entrepreneurs whose impact has reached beyond the success of their own businesses, to the point of contributing to the organic growth of a high-impact technology sector in Jordan. These entrepreneurs have enabled the next-generation of entrepreneurs to succeed in building and scaling their companies and commercializing their products and services, in turn creating jobs, and expanding the economy’s productive potential.
The following diagram maps the ‘Multiplier Effect’ of the four companies researched on Amman’s tech ecosystem, through companies they have mentored, invested in or inspired.
MULTIPLYING IMPACT NETWORK MAP
MENTORSHIP
INVESTMENT
FORMER EMPLOYEE
FOUNDER
Legend:
COMPANY
IRISGUARD
IDEALSOFTWARE
NATHEALTH
MADFOO3ATCOM
WHEELSEXPRESS
MAKTOOB
WIZARDSPRODUCTION
GATE2PLAY
CASHU
TAHADI
ARABY.COM
ALTIBBI.COM
BLINK NIBRAS
JABBARINTERNET
GROUP
BRICK2CLICK
FOODIVE
GAMESXPSUKAR
ZAYTOUNEHARABIAWEATHER
MARKAVIP
NOQOUSHMOBILEMEDIAGROUP
SOUQ.COM
KHODARJI
AQARESTATE
ONEWORLDSOLUTIONS
JEERAN
ARABIA.COM
MILLENNIUMENERGYINDUSTRIES
CATALYSTMENA CLEANENERGY FUND
RAZORVIEW
D1G.COM
ASK
MASMOO3
EKEIF
FEESHEH.COM
TASMEEMME
NOTANOTHER
FRUIT PRODIGI
FELIXINTERACTIVE
3DMENA.COM
TICKYTACKY
MODERNMEDIA
DV8KIWI
SAJILNI
I3ZIF.COM
ECLOSET.ME
VIVAMENA.COM
TESHWEESH.COM
IFOOD.JO
THE ONLINEPROJECT
NETWORK MAP OF AMMAN TECH SECTOR
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MULTIPLYING IMPACT NETWORK MAPEntrepreneurship Acceleration Cycle
By following a specific pattern of mentorship, investment and serial entrepreneurship; entrepreneurs have helped produce localized ecosystems that are increasingly integrated with, and contribute to, the ever-developing global technology sector network.
Endeavor identifies this specific pattern as the ‘Entrepreneurship Acceleration Cycle’, one which has been observed in several successful ecosystems around the world, including Silicon Valley.
The cycle comprises of four distinct steps:
Step 1: Ambition - Entrepreneurs seek to build large, scalable businesses in their local communities.
Step 2: Growth - Ambitious founders achieve significant growth at their companies.
Step 3: Commitment - Successful founders choose to stay in the local area and share their resources with the next generation of entrepreneurs.
Step 4: Reinvestment - Successful founders reinvest in other entrepreneurs and businesses.
It is these kinds of high-impact entrepreneurs that Endeavor seeks to support, those with the potential to play a greater role in ecosystem development.
For the full report visit www.endeavorjordan.org
MENTORSHIP
INVESTMENT
FORMER EMPLOYEE
FOUNDER
Legend:
COMPANY
IRISGUARD
IDEALSOFTWARE
NATHEALTH
MADFOO3ATCOM
WHEELSEXPRESS
MAKTOOB
WIZARDSPRODUCTION
GATE2PLAY
CASHU
TAHADI
ARABY.COM
ALTIBBI.COM
BLINK NIBRAS
JABBARINTERNET
GROUP
BRICK2CLICK
FOODIVE
GAMESXPSUKAR
ZAYTOUNEHARABIAWEATHER
MARKAVIP
NOQOUSHMOBILEMEDIAGROUP
SOUQ.COM
KHODARJI
AQARESTATE
ONEWORLDSOLUTIONS
JEERAN
ARABIA.COM
MILLENNIUMENERGYINDUSTRIES
CATALYSTMENA CLEANENERGY FUND
RAZORVIEW
D1G.COM
ASK
MASMOO3
EKEIF
FEESHEH.COM
TASMEEMME
NOTANOTHER
FRUIT PRODIGI
FELIXINTERACTIVE
3DMENA.COM
TICKYTACKY
MODERNMEDIA
DV8KIWI
SAJILNI
I3ZIF.COM
ECLOSET.ME
VIVAMENA.COM
TESHWEESH.COM
IFOOD.JO
THE ONLINEPROJECT
NETWORK MAP OF AMMAN TECH SECTOR
3. CommitmentSuccessful Entrepreneurs
2. Growth
1. AmbitionNew Entrepreneurs
4. Reinvesment
NovemberCatalyzing Conversations– Nov 12 & 13A power breakfast featuring a series of motivational,intimate dialogues with some of the MENA region’s mostinnovative and dynamic tech entrepreneurs.
10th Local Selection Panel- Nov 26 & 27The third stage of the selection process, where networkmembers select candidates for the final selection stage.
Multiplying Impact– Nov 30 Endeavor Jordan releases research report that provides in-depth insights into Jordan’s dynamic ICT sectorecosystem, and demonstrates how scale-ups can transformeconomies through reinvesting their social, financial and intellectual capital into new companies.
January
July
FebruaryDealmakers’ Weekend- Feb 15 & 16Endeavor Jordan hosts an exclusive matchmakingevent, connecting leading regional & internationalinvestors with ICT entrepreneurs from MENA.The 1.5 day event was attended by 165 participants,including 40 investors from 10 countries.
March
April9th Local Selection Panel- April 3The third stage of the selection process,where network members select candidatesfor the final selection stage.
MayEducation - Youth Impact Advisory Session- May 15Endeavor held a Youth Impact Advisory Session in New Yorkfor Endeavor Entrepreneurs working in the Education sector.
JuneMentor Exchange- June 23A networking event for Endeavornetwork members to share best practices.
GE Ventures Partner Learning& Development– June 30 - July 2Endeavor Entrepreneurs participatedin a program addressing best practicesfor leadership and coaching with groupexercises and discussions, in New York.
August2014 Harvard Scaling Entrepreneurial Ventures Program– Aug 25 - 29Endeavor Entrepreneurs attend a course at HBS designed to help them scale,innovate and grow their businesses.
Endeavor 54th International Selection Panel– Aug 11The ISP is the culmination of Endeavor’s rigorous searchand selection process where Global business leaders interviewcandidates, deliberate and select the next class of EndeavorEntrepreneurs.
Khalil Shadid, Founder & CEO of ReserveOut, is selected tojoin the Endeavor Network at the New York ISP.
SeptembereMERGE- Sept 16 & 17 Endeavor Entrepreneurs participated in an interactive program in Dubai,to help them develop a strategic talent plan led by Sal Giambanco, Partnerat Omidyar Network from Silicon Valley.
OctoberEndeavor 55th International Selection Panel– Oct 24 Nasser Saleh, Founder & CEO of Madfoo3atCom, is selectedto join the Endeavor Network at the Istanbul ISP.
EY Vantage Program – advising Jamalon– Oct-NovAs part of a global partnership, EY Vantage Advisors leverageprofessional expertise to support Endeavor Entrepreneurs atno fee for six week projects.
DecemberEndeavor 56th International Selection Panel- Dec 10Charif, Alissar, and Ghassan Mzayek, of Alissar Flowers, are selected to join the Endeavor network at the Miami ISP.
Mentor Awards- Dec 16Networking reception celebrating 2014 achievementsand recognizing key network member.
TIMELINEThroughout the year, Endeavor helps entrepreneurs grow their businesses by delivering services through four key channels: mentoring, smart capital, partnerships, and events.
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NovemberCatalyzing Conversations– Nov 12 & 13A power breakfast featuring a series of motivational,intimate dialogues with some of the MENA region’s mostinnovative and dynamic tech entrepreneurs.
10th Local Selection Panel- Nov 26 & 27The third stage of the selection process, where networkmembers select candidates for the final selection stage.
Multiplying Impact– Nov 30 Endeavor Jordan releases research report that provides in-depth insights into Jordan’s dynamic ICT sectorecosystem, and demonstrates how scale-ups can transformeconomies through reinvesting their social, financial and intellectual capital into new companies.
January
July
FebruaryDealmakers’ Weekend- Feb 15 & 16Endeavor Jordan hosts an exclusive matchmakingevent, connecting leading regional & internationalinvestors with ICT entrepreneurs from MENA.The 1.5 day event was attended by 165 participants,including 40 investors from 10 countries.
March
April9th Local Selection Panel- April 3The third stage of the selection process,where network members select candidatesfor the final selection stage.
MayEducation - Youth Impact Advisory Session- May 15Endeavor held a Youth Impact Advisory Session in New Yorkfor Endeavor Entrepreneurs working in the Education sector.
JuneMentor Exchange- June 23A networking event for Endeavornetwork members to share best practices.
GE Ventures Partner Learning& Development– June 30 - July 2Endeavor Entrepreneurs participatedin a program addressing best practicesfor leadership and coaching with groupexercises and discussions, in New York.
August2014 Harvard Scaling Entrepreneurial Ventures Program– Aug 25 - 29Endeavor Entrepreneurs attend a course at HBS designed to help them scale,innovate and grow their businesses.
Endeavor 54th International Selection Panel– Aug 11The ISP is the culmination of Endeavor’s rigorous searchand selection process where Global business leaders interviewcandidates, deliberate and select the next class of EndeavorEntrepreneurs.
Khalil Shadid, Founder & CEO of ReserveOut, is selected tojoin the Endeavor Network at the New York ISP.
SeptembereMERGE- Sept 16 & 17 Endeavor Entrepreneurs participated in an interactive program in Dubai,to help them develop a strategic talent plan led by Sal Giambanco, Partnerat Omidyar Network from Silicon Valley.
OctoberEndeavor 55th International Selection Panel– Oct 24 Nasser Saleh, Founder & CEO of Madfoo3atCom, is selectedto join the Endeavor Network at the Istanbul ISP.
EY Vantage Program – advising Jamalon– Oct-NovAs part of a global partnership, EY Vantage Advisors leverageprofessional expertise to support Endeavor Entrepreneurs atno fee for six week projects.
DecemberEndeavor 56th International Selection Panel- Dec 10Charif, Alissar, and Ghassan Mzayek, of Alissar Flowers, are selected to join the Endeavor network at the Miami ISP.
Mentor Awards- Dec 16Networking reception celebrating 2014 achievementsand recognizing key network member.
HIGHLIGHTS, AWARDS & ACHIEVEMENTS 2014
EAT Restaurant Group launched their first branches in Bahrain and Palestine, and two new branches in Irbid – Jordan.
Forbes named entrepreneur Ala’ Alsallal, one of the “Three Entrepreneurs Capitalizing on the World’s Fastest-Growing e-Commerce Market”.
The Online Project were listed among the top 40 Social Media Agencies to work with globally, by international consulting firm R3.
Madfoo3atCom’s electronic bill presentment and payment system went live in 2014 with 22 banks,3 telecom companies, governmental entities and other organizations in Jordan.
Received m-Health Award by the World Summit Award Mobile (WSA-mobile).
Raised funds from strategic regional investors including Middle East Venture Partners (MEVP) and DASH Ventures.
Kharabeesh are the first multi-channel network in MENA to receive YouTube certification.
Reached 1 billion lifetime views on YouTube.
Awarded and completed 7 projects in UAE and Saudi Arabia, marking their first regional expansion.
Dr. Amin Amin attended the Education - Youth Impact Advisory Session in New York, and Harvard Scaling Entrepreneurial Ventures Program designed exclusively for Endeavor Entrepreneurs.
Organized the biggest job fair in Jordan for the 5th
consecutive year, as part of the Akhtaboot Cares Initiative.
Raised funds from twofour54 in Abu Dhabi to expand Akhtaboot’s presence there, and develop the ‘Pre-Post Hire Assessment Solutions’, a product that is tailor-made for the Middle East.
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Signed an agreement with Rotana Group Dubai to install the ReserveOut technology at all of their200 outlets within two years.
Increased production capacity three times by upgrading the existing production lines and installing a new one. Acquired the CE mark - a requirement for exporting to the European Economic Area - for 2 new products, reaching 5 in total.
Awarded “Best Service Assurance Program” for 2014 at Insights Middle East event held in Dubai, UAE.
Successfully delivered complete contact center premises and operations to Mobily KSA.
DealMakers’ W eekend
International Selection Panels
Endeavor Global Events
Endeavor Investor Network Events
Local Events
Local Selection Panels
UPCOMING EVENTS
JordanJune 9–11 • Amman
United StatesAugust 5–7 • SF Bay Area
MoroccoOctober 5–7 • Marrakech
MexicoDecember 2–4 • Mexico City
ChileApril 20–22 • Santiago
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ABOUT ENDEAVOREndeavor is leading the global high-impact entrepreneurship movement to catalyze long-term economic growth.
Since 1997, Endeavor has been selecting, mentoring and accelerating the best high-impact entrepreneurs around the world. Through the guidance that Endeavor offers, entrepreneurs can tangibly impact their communities, generate new job opportunities, bolster their countries’ national wealth, inspire others to innovate, and contribute to private sector development. Endeavor now supports 1,051 High-Impact Entrepreneurs from 666 companies across 22 countries.
Endeavor launched its operations in Jordan in 2009 and is leading the way in supporting high-impact entrepreneurship. Today, Endeavor Jordan supports 24 Endeavor Entrepreneurs representing 16 companies from varying industries that have generated over $140 million in revenues in 2014 and created over 2100 jobs. Endeavor continues to search for more high-impact Jordanian entrepreneurs to support through its local and international networks.