Our Entrepreneurs

Michael Yorston

UDD

Michael Yorston Michael Yorston

Impact metric

329% growth in revenues since selection
“I saw an opportunity to provide a fast and novel way to weigh raw materials.”
Country
Chile
Industry
Non-Profit & Gov.
Employees
70
Website

Company Snapshot

Michael and Olivier are the pioneers behind Woodtech, a technology company that offers services to the forestry industry. Their flagship product, Logmeter 4000, is a laser that automatically measures the volume of wood loaded on moving trucks (in as little as 45 seconds), allowing clients to save millions of dollars every year and improve their efficiency. Woodtech provides both the equipment and the software, and then signs a long-term monthly service contract with each client.

A relatively new company, Woodtech already has facilities in Brazil, Chile, Argentina and Germany, and is presently setting up a pilot unit in Alabama (US). The pair aims to make Woodtech the world leader in providing technological measurement solutions to a variety of raw material industries.

In October 2010, Bloomberg Venture ran a video feature about Woodtech: Part 1, Part 2, Part 3, Part 4.

Endeavor and UDD

Since selection, the Entrepreneurs have worked with Endeavor Chile, Endeavor Brazil and VCs from the Endeavor network on two key areas: transforming their product into a service, and international expansion. In addition to local workshops, the Entrepreneurs have benefited from the global Ernst & Young Fellows and ECLA programs, Immersion Tour, and Entrepreneur Summit.

From the Entrepreneurship Blog

Events

Endeavor Hosts Retail, Food & Beverage Tour for Endeavor Entrepreneurs, Features Presentations from Top Industry Brands

November 19th, 2014 — by admin

Endeavor hosted a Retail, Food & Beverage Industry Tour for select entrepreneurs in its network, providing them with a rare look into the operations of  some top global brands in each industry. Th…

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In the news

Our Current Impact Report

November 12th, 2014 — by admin

The 2013-2014 Endeavor Global Impact Report is now available. This year's report features updated profiles on the global offices, vibrant new visuals of Endeavor's impact, and highlights of key milest…

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