Tel: +961 1 780200 Fax: +961 1 780206 P.O. Box 113-6194
Hamra, Beirut 1103 2100 Lebanon
Contact: Ms. Eva Dirany [email protected]
Mr. Tarek SadiManaging DirectorEndeavor Lebanon
Lebanon Economic ForumSession IV – Supporting SMEs and Entrepreneurs
An Introduction to Endeavor
Endeavor Overview: The Role of High-Impact Entrepreneurs
Our Mission
Our Results
Today in 17 countries with 10 more by 2015
Identifying High-Impact Entrepreneurs in the small and medium enterprise (SME) space
Our programs address the challenges entrepreneurs face around the world to provide access to
So, does it work?COMPANY KEY METRICS THE ENDEAVOR EFFECT
AirTies (Turkey)Provides wireless solutions for residential and small business markets
466% growth in revenue and 473% growth in jobs since selection
• Facilitated strategic partnerships in Egypt and Greece• Helped AirTies secure major financing from angel
investors• Linked entrepreneur to Inc. Magazine, which subsequently
wrote an extensive feature on the company
Patagon (Argentina)Argentina’s first online broker
27,000% growth in revenue and 9,275% growth in jobs since 1998 selection
• Patagon needed US$100K in financing and was turned down by 30 investors; through Endeavor connections, the company attracted US$4 million
• One year later, the entrepreneur sold a majority stake in Patagon to Banco Santander at a US$750 million valuation.
Spoleto (Brazil)High-end fast food franchise
6,039% growth in revenue and 3,221% growth in jobs since 2003 selection
• eMBA helped with expansion strategy; Spoleto now has 250 branches in Brazil, 23 in Mexico, and 3 in Spain
• Has received tens of hours of mentoring on issues ranging from ownership restructuring, operations, and legal issues
Jeeran (Jordan)Local reviews website
8 million unique visitors a month
• Endeavor took Jeeran to Silicon Valley where they met David McClure, the founder of 500 Startups
• 9 months later, 500 Startups invested in Jeeran, marking its first investment in the MENA region
What does this mean for Lebanon?
New Microen-terprises
New SMEs SMEs growing to become large
companies
12,144
1,20499
To grow the Lebanese GDP by 1%, we would need to support
New Microen-terprises
New SMEs SMEs growing to become large com-
panies
77,320
4,340 148
To create 100,000 new jobs in Lebanon, we would need to
support
Endeavor Analysis: Regression based on OECD data and definitions
The End Game: The Multiplier Effect
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