Countries
Mexico
Key impact
$321M in revenues generated by Endeavor Entrepreneurs in 2009“If 70 small and medium size companies become big companies, México GDP will increase 1%. Imagine the impact if we transform 700 companies; this is Endeavor’s challenge to make a true impact.”
- Launched
- 2002
- Entrepreneurs
- 103
- Website
- Endeavor Mexico
- Managing Director
- Pilar Aguilar
Country Snapshot
Mexico boasts one of the largest economies in the world. At almost a trillion dollars, Mexican GDP is about equal to India’s while its population is roughly a 12th of India’s size, and its GDP is only slightly smaller than Brazil’s with half the population. In fact, of the emerging markets, Mexico is the most developed economy compared to the BRIC countries (Brazil, Russia, India, and China), as a recent report by Goldman Sachs states: “…only Mexico, and perhaps Korea, have the potential to rival BRICs – economies that we excluded initially [from the BRIC term] because we view them as already more developed.”
Despite those impressive facts, Mexico’s GDP growth rate has been lagging the BRICs, and the recent crisis has reduced GDP by almost 6%. Its status as a higher developed nation among emerging economies could fall fast. One reason why Mexico has not been able to grow its GDP at the same rates as China, India, and even Brazil, is that on a given year, a very small number of large firms are created, while a large number of micro businesses are opened. Nearly 75% of Mexico´s GDP is accounted for by private formal establishments (firms); while 34% of GDP comes from the 2,665 large firms in the country, only 6% of GDP comes from the 2.69 million micro firms. This means that only a small number of medium sized firms make it to the next level, and while it’s something to be worried about, it’s also a great opportunity for Endeavor.
If only 50 large firms were created every year in Mexico, GDP would increase annually by 1%. Endeavor Mexico is therefore actively seeking to meet this goal.
One optimistic sign is that Venture Capital is growing by leaps and bounds in Mexico. In 2008, there were only two funds with $40 million in capital commitments. Today, 25 funds in Mexico control over $1 billion in capital commitments, representing a huge opportunity for high-impact businesses.
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ENDEAVOR MEXICO COUNCIL
Emilio Azcárraga Jean (Grupo Televisa)
Alberto Torrado (Alsea)
Andrés Gómez (Grupo AXO)
Carlos Fernández González (Grupo Modelo)
Pedro Aspe (Evercore)
Elías Cababié Daniel (GICSA)
Miguel Angel Dávila (Latin Idea VC Fund)
Carlos Gómez Andonaegui (Cascada Ventures)
Juan Ignacio Casanueva (Grupo CP)
Guillermo González Guajardo (Taller de Empresa)
Carlos Sales Sarrapy (Cuasar Capital)
Bernardo Minkow Wengerman (Bernardo Minkow)
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REGIONAL COUNCIL PRESIDENTS
Agustín Coppel (Coppel/Sinaloa)
Guillermo Romo Romero (Grupo Mega/Jalisco)
Rafael Posada Cueto (Grupo Proyecta/Puebla)
Eduardo Garza T (Frisa/Nuevo León)
Pedro Gutiérrez (Central de Gas/Aguascalientes)
Ricardo Ponce (Inmotrade/Yucatán)
The endeavor effect
Endeavor Mexico was founded in 2002 with a single office in Mexico City. To date, business leaders have provided more than 20,000 hours of mentoring to Entrepreneurs, who in turn have created more than 8,600 high-value jobs. Roughly nine in ten Entrepreneurs state that Endeavor has had a significant effect on their businesses. Currently, 50% of Entrepreneurs have patents or are in the process of applying.
Endeavor Mexico has rolled out an innovative franchising strategy in an attempt to better reach promising entrepreneurs in all parts of Mexico, partnering with top universities and local businessmen in seven states to launch regional offices. Each office reports to Endeavor Mexico, feeding candidates it recognized with a regional seal of approval to Endeavor’s main pipeline. These entrepreneurs are closely watched for the potential to become Endeavor Entrepreneurs. To date, Endeavor Mexico has opened nine regional offices: Puebla, Baja California, Monterrey, Chiapas, Guanajuato, Aguascalientes, Guadalajara, Yucatán, and Sinaloa.
Entrepreneurs
Board of directors
Martha Aguilar Trejo
Universidad de Celaya, RectoraSalvador Alcalá Jiménez
Grupo LP, DueñoSalvador Alva
ITESM (TEC) Monterrey, Rector del SistemaFrancisco Alvarado Nazar
A&N Consultores,Sebastián Arana Escobar
Meprosa, Director GeneralJosé Arteaga Niepmann
La Huerta, CEO / IngenieroPedro Aspe
Protego Asesores S.A., Director GeneralPedro Aspe Bernal
Grupo Proyecta, Director ComercialEmilio Azcarraga Jean
Televisa, Chairman, President, and CEOShahab Bahador Aminpur
Central de Gas, Socio / IngenieroRamón Horacio Barba Orozco
Grupo Costructor PEASA, Dueño, Director General / IngenieroHumberto Blancarte Alvarado
Proactiva Medio Ambiente CAASA, Director General / IngÓscar Blanco Torres
Concrédito, Director GeneralFrancisco Javier Buenrostro Gándara
PRODUCTORA CLINIMEX INDUSTRIAL SA, Director General / LicenciadoAlejandro Bustamante Gutierrez
PLAMEX, Presidente y DirectorElías Cababie Daniel
GICSA, Chairman & CEOJuan Ignacio Casanueva
Grupo CP, Chairman & CEO (Interproteccion)Raúl Casares G. Cantón
Grupo Porcícola Mexicano, FundadorOscar Castañon
Oscar Castañon, VicepresidenteMiguel Angel Cisneros Mejia
Automotriz Farrera, Gerente GeneralEugenio Clariond Reyes Retana
Cuprum,Jose Maria Coello
Megapixel,Agustin Coppel
Coppel, Presidente del Consejo de AdministraciónFrancisco Cordova
Xel-Há,Javier Coronel Piña
Grupo Capistrano Alimentari, Dirección GeneralMiguel Angel Dávila
Cinemex, FounderMiguel Angel Dávila
Latin Idea Ventures,Javier De Gyves
Grupo Tapachula,Sergio De la Vega
Glencore,Rogelio De los Santos
Alta Ventures Mexico, Director GeneralGerardo de Nicolás Gutiérrez
Homex, Director GeneralHéctor Del Villar Martínez
RAVSA, Director General / Sr.Sergio Esquer Peiro
Agricola Chaparral, Director GeneralRuben Esquivar Constantino
Farmacias Esquivar S.A de C.V.,Carlos Fernández González
Grupo Modelo, S.A. De C.V., Chairman & CEOJose Baraquiel Fimbres
Calimax,Gustavo Flores
GCI Constructora Tu casa,Mario Garcia
Deloitte Baja California, SocioEduardo Garza T
Frisa, Chairman y FundadorAndrés Gómez
Grupo AXO, Co-ChairmanCarlos Gómez Andonaegui
Grupo Martí, Director General EjecutivoEnrique Gomez Junco
Optima Energia, Director GeneralBernardo Gonzalez
Eximcaribe,Jose Eduardo Gonzalez
Estrategias Empresariales, Director GeneralGuillermo González Guajardo
M & A Fusiones Y Adquisiciones, DirectorEduardo Graniello
Intellego, Director GeneralOctavio Gutierrez
Mercantil del Constructor, Director de sucursalesEmilio Gutierrez Borbolla
Deloitte Guadalajara, Socio Regional Bajio OccidenteEmilio Gutierrez Borbolla
Deloitte Guadalajara, Socio Director RegionalAlejandro Gutierrez Chapa
COMERCIALIZADORA DEL TACANA, PRESIDENTEPedro Guadalupe Gutiérrez Romo
Central de Gas, Director General / DRKurt Honold
Btel, Socio directorHumberto Jaramillo
CDT Consejo de Desarrollo Económico de Tijuana, PresidenteGilberto Jimenez
Pesa Sacos, Director GeneralJorge Kuri Rojo
JORWA, DirectorOscar Lievano Moreno
Operadora de Gas Chiapas S.A de C.V,Javier Lizárraga Mercado
Café El Marino S.A. de C.V., Director GeneralRicardo Antonio Lona y Portugal
Grupo Mega, ConsejeroRodrigo Lopez
CONINTE, DirectorEnrique López Vázquez
La Huerta, Director de Operaciones y PlaneaciónGaston Luken Aguilar
Sempra Energy, RetiradoRodolfo Gerardo Madero Rodríguez
Grupo Alerta, Presidente de Grupo AlertaRicardo Maldonado Yáñez
Mijares Angoitia Cortes y Fuentes, SocioEduardo Martínez Bolio
Marbol, Director GeneralAlfredo Martinez de la Torre
UNACH, Director CEUNENicolás Martínez Lara
TEQUILA EL CHARRO, Dueño, Director General/ Sr.Hugo Martinez Treviño
Inmobiliaria Cumbres de Nuevo Leon, Fundador y Director GeneralPablo Mastretta
Grupo CIPSA, Director ComercialJose Matanzo
Warlo Inmobiliaria S.A. de C.V., Director GeneralFrancisco Javier Mayorga Castañeda
Industrias Melder, Presidente & CEOLuis Medina Cantillo
ProviPurina, DirectorJosé Medina Mora
Compusoluciones, Presidente & CEORamón Medrano Ibarra
Frio Express, Dueño, Director General / IngenieroJosé Lauro Meléndrez Parra
Farmacon, Director/FundadorArmando Millet Molina
Royal Resorts, DirectorBernard Minkow Wengerman
Bernardo Minkow, IndependienteFrancisco Moncayo
Vialux, Director de Finanzas y AdministraciónAlejandro Moreno
Moreno Silva Talamantes & Lona Abogados, Notario PúblicoJorge Navarro
Porsche,Rodolfo Nelson Luken
Grupo Nelson, Director generalRamiro Ochoa Ochoa
IPADE Guadalajara, Director GeneralJuan Manuel Ponce Díaz
Bepensa, Director GeneralRicardo Ponce Gutierrez
Inmotrade, DirectorGabriel Posada Cueto
Grupo Proyecta, Director AdministrativoRafael Posada Cueto
Grupo Proyecta, CEORoberto Postlethwaite
Cajas Agricolas,Alfredo Rivas Godoy
Radio Grupo, Director General / INGJaime Roberts Vildósola
Grupo IAMSA, DirectorCarlos Robles
Alternativa del Sur, Notario PúblicoErik Romero
GCI Constructora Tu casa,Guillermo Romo de la Peña
Grupo Mega, ConsejeroGuillermo Romo Romero
Grupo Mega, Chairman & CEOCarlos Sales Sarrapy
Cuasar Capital, Managing DirectorJosé Luis Sánchez de Alba
Farmacia Sánchez, Director GeneralAlfredo Suarez
Empacadora San Marcos, PresidenteFernando Topete Dávila
ACR Capital, Presidente & CEOAlberto Torrado
Alsea, Chairman & CEOBlanca Treviño
Softtek, Presidenta del Consejo y Directora GeneralFernando Vazquez
Automotriz Farrera, Director DivisionalHéctor Vega
Vega Franco y Asociados, ContadorRicardo Villarreal Zambrano
Imagen Dental, Director GeneralAntonio Walker Olvera
Metal Tec, Director-Vicepresidente CoparmexSupport the cause
Endeavor transforms the economies of emerging markets by identifying and supporting high-impact entrepreneurs
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