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Medellin, Colombia – November 1, 2016 – Endeavor selected 30 high-impact entrepreneurs representing 16 companies and nine countries at its 67th International Selection Panel (ISP) held October 26-28 in Medellin, Colombia. In total, Endeavor now supports 1,366 entrepreneurs leading 855 companies in 25 growth markets around the world. Panelists at the event, hosted by the Endeavor Colombia office, included top global business leaders and investors who were drawn from Endeavor’s extensive network of mentors and supporters.
The ISP is the culmination of a rigorous multi-step selection process to identify innovative and driven entrepreneurs who are committed to advancing an ecosystem of entrepreneurship.
At the event, panelists from around the world interviewed entrepreneur candidates about their businesses, evaluating them on their potential for high-impact growth, and then deliberated on which candidates should be selected to become Endeavor Entrepreneurs. Once selected, Endeavor Entrepreneurs gain access to comprehensive customized services, including introductions to local and international business mentors and volunteers from Fortune 500 consulting firms who will help them address key needs.
Endeavor Entrepreneurs have had a significant track record of creating hundreds of thousands of jobs, generating billions of dollars in revenues, and building sustainable growth models in their home countries.
“The Medellin ISP truly embodied the heart of Endeavor’s model, bringing together our global network of business leaders, board members, current Endeavor Entrepreneurs and staff under one roof to select new high-impact founders into our network,” said Endeavor CEO Linda Rottenberg. “Thanks to Endeavor Colombia for organizing this fantastic event, and a warm welcome to our newest Endeavor Entrepreneurs.”
Endeavor will host its final remaining ISP in 2016 in Palo Alto, California (December 7–9). Endeavor has also announced 2017 ISPs in Kuala Lumpur, Malaysia (February 20-22), Rio de Janeiro, Brazil (March 15-17), London, United Kingdom (May 15-17), Lima, Peru (June 28-30), Beirut, Lebanon (24-26), New York City, United States (September 13-15), Istanbul, Turkey (October 23-25) and Miami, United States (December 11-13).
Brief descriptions of the selected entrepreneurs and companies follow.
Entrepreneurs: Martin Ferrari & Bruno Ferrari
Company: 123 Seguro
Description: 123Seguro is an online auto insurance broker that provides car owners with a transparent, user-friendly, and efficient policy purchasing experience. Consumers can compare listings from 20 insurance companies and purchase policies directly on the platform. Because insurance companies struggle with customer service, 123Seguro personally closes every policy purchase by phone or web and provides all post-sales service.
Entrepreneurs: Cecilia Retegui & Mariana Sorribes
Description: Zolvers is Latin America’s leading online marketplace for domestic worker and handyman referrals, connecting clients to 12,500 pre-screened service professionals in five major cities. Traditionally, these informal jobs often entailed lengthy commutes, minimal benefits or flexibility, and a lack of market price transparency. Thanks to Zolvers’ proprietary algorithm, contractors are matched with clients based on availability, location, rating, and frequency of use, increasing flexibility and convenience on both ends. All contractors pass through rigorous background checks and training, which guarantee 100% customer satisfaction.
Entrepreneurs: Xavier Urturbey & Pablo Felgaer
Description: Does anyone enjoy going to the doctor’s? AccuHealth sure doesn’t. One-third of the world’s population has a chronic disease, but relying on crowded clinics or hospitals to manage these illnesses is inefficient and costly to patients, doctors, and insurers. AccuHealth provides a telemonitoring healthcare service that allows medical teams to remotely monitor and interact with patients, improving patient health and quality of life, and freeing up resources for medical providers. Dramatically reducing the costs associated with treating chronic disease complications, AccuHealth’s services have been adopted by six of Chile’s largest insurance providers. While some competitors offer telemonitoring hardware and others the backend software, AccuHealth is the only solution on the Latin American market that combines the two with an in-house medical staff to provide personalized, proactive care.
Entrepreneurs: Raimundo Martinez & Alejandro Perez
Description: Shopex has become a leading e-commerce and shipping solutions provider thanks to its highly-differentiated technology platform and extensive and diversified network of logistics partners, offering lower shipping rates and faster transit times to its clients. With a strong presence in the US and Latin America, Shopex connects small and medium-sized merchants to customers in over 200 countries around the world, alleviating the long waits, inefficiencies, and excessive costs that traditionally plague cross-border trade.
Entrepreneurs: Sebastián Arancibia, Diego Martínez & Fabián Martínez
Description: What’s worse than studying for a test? Paying to study for a test. In Chile, the standardized college admissions test, la Prueba de Selección Universitaria, accounts for 80% of a university’s admissions criteria. Yet, specialized test prep classes are geographically and financially inaccessible to 70% of students, and teachers lack an organized way to gauge student progress and customize class curriculum. Through its online website, PuntajeNacional.com, OGR provides students with free access to standardized test preparation and teachers with a centralized platform that tracks students’ growth and personalizes test materials accordingly.
Entrepreneurs: Sebastián Jasminoy & Juan David Ramírez
Description: A trusted referral is the holy grail of advertising. Today, marketers are turning to more cost-effective digital techniques, including “Influencer Marketing,” which leverages the reputation of connected individuals over potential buyers to market products. Here to help brands navigate this unchartered territory is Fluvip. Fluvip’s platform matches brands with influencers through extensive search capabilities and automates campaign launches and optimization. With seven offices and 100K+ influencers on its platform, Fluvip hope to capitalize on the growing US$5.1B digital marketing opportunity in Latin America and the US.
Entrepreneurs: Juan Carlos París
Company: Grupo Spira
Description: Grupo Spira is a Colombian professional services firm offering tailored employee training programs focused on performance improvement rather than knowledge acquisition. Designed, developed and implemented to target the improvement of KPIs and company metrics, Grupo Spira’s programs help companies of more than 500 employees train and track employee development through various services. The “BPO” (business process outsourcing) line lets employers outsource all training and development duties to Grupo Spira. For employers looking to train employees to achieve certain credentials, “Institutos” provide dedicated programs that certify each participant in a specific skillset. The last service, “Ennlace,” is an e-learning platform that offers tech training solutions for larger groups of employees.
Entrepreneurs: Sean O’Leary
Company: Edj Analytics
Description: Edj Analytics wants to give your company an edge over the competition. Edj Analytics develops customized algorithms for clients who want to use their internal data to help inform decision-making. The company uses a game-based approach, meaning they turn business problems into easily solvable games that customers can understand and decipher on their own. Over the next 5 years, the company hopes to dedicate 15% of its portfolio to pro bono work serving the Louisville community.
Entrepreneurs: Eduardo Porta & Alejandro Morales
Description: Econduce is a sustainable urban transportation company that leverages collaborative consumption, mobile technology and low-carbon infrastructure. Located in Mexico City, Econduce allows commuters to pay for electric scooters in 30-minute intervals and choose between two service levels with varying monthly and 30 minute costs. Econduce also offers convenient services like scooter pickup or all-day and overnight rentals for an additional charge. With a growing customer base of 1,700 active monthly users, Econduce is reducing Mexico City’s pollution and helping commuters navigate the over-congested city.
Entrepreneurs: Diego Olcese
Description: Crehana is a project-based learning community where freelancers in creative, design, or digital industries refine real-world skills through short courses designed by global industry experts. Online platform users learn in their native language and create projects to share among peers. Launched in April 2015 with offices in Peru and the UK, Crehana has 130,000 registered users across 15 countries worldwide, 300 published courses, and 135 content creators. Targeting a US$14B market, Crehana seeks to become the leading learning platform for creative entrepreneurs in nascent LatAm markets.
Entrepreneurs: Ariana Ferraro, Alexia Cook & Thais Maggiolo
Description: In the heart of the financial district of Lima, Peru, it’s not easy to find a quick and nutritious meal with a home-cooked feel. Quinoa opened the first chain of healthy food restaurants in Lima, breaking the paradigm that healthy food is not tasty. Customers looking for variety and nutrition without returning home for lunch can visit any of Quinoa’s three conveniently located restaurants situated in busy enterprise areas. The chain has attracted a fast-growing and extremely loyal customer base in a market that is steadily growing over 3% each year, and plans to expand to 14 restaurants by 2020 — and ultimately across the region.
Entrepreneurs: Ernesto De Olazával & Thait Chang-Say
Company: Comunal Coworking
Description: Finding an office, setting it up and managing it can be time-consuming and costly for companies. Comunal Coworking eliminates the burden of finding, equipping, and maintaining an office by providing companies with high-end, flexible, cost-efficient workspaces and office services that allow them to focus on pursuing growth. Targeting a US$400M Peruvian market, Comunal is leading the workplace evolution in Peru by hosting more than 506 individuals from 76 companies. With four established coworking spaces, the company plans to launch seven additional locations in Lima within the next three years.
Entrepreneurs: Pablo Pantaleoni
Description: Medtep is a Barcelona-based digital health company bridging the gap between prescription and treatment by connecting healthcare professionals and patients. By aggregating patient data (user-generated through apps and wearables), the platform works as a feedback loop to enable healthcare professionals to create personalized prevention and treatment programs. This resulting increase in patient treatment adherence leads to significant cost savings for insurance companies and an increase in medication compliance for pharmaceutical companies – making them Medtep’s main customer segments. With over 25 contracts with key players in the industry as clients, and access to 130,000 users, Medtep is on track to make healthcare delivery effective and efficient around the world.
Entrepreneurs: Lucia & Mercedes Iborra
Description: VisualNACert has developed an all-in-one farm management software powered by geospatial mapping intelligence that digitally visualizes land so as to better manage it. More than 2,500 users currently use Visual’s patented, cloud-based platform to oversee nearly two million acres of farmland. Aiming to become the Google Maps of agriculture, Visual has already opened offices and secured clients across Europe, Latin America, Australia and the U.S., with plans to further expand its footprint within the US$10 billion smart agriculture market.
Entrepreneurs: Stacey Brewer & Ryan Harrison
Company: SPARK Schools
Description: The public education system in South Africa would get an “F” for failing. Despite the country spending over 21% of the national budget on education (2013), research shows that students leaving the third grade only have a rudimentary grasp of reading, forcing parents to enroll their children in costly private schools for high-level education. SPARK Schools is a network of eight affordable, private schools that reduces the costs of education by utilizing a “blended learning” model — a combination of teacher instruction and computer-aided learning at the same per child cost as South Africa’s public schools. SPARK Schools hopes to operate 64 schools by 2023 to serve approximately 64,000 students in the country before expanding throughout Africa and internationally.
Entrepreneurs: Ahmed Fraz & Tobias Bessone
Description: Wavetec optimizes physical spaces through technology, including mobile ticketing apps, ticket dispenser kiosks, digital signage, voice announcement systems, and more, with over two million users across 70 countries daily. Wavetec also produces LED financial information displays, which are used by 27 leading financial houses around the world. With technical staff in eight offices around the globe, Wavetec is able to provide high-quality solutions and customer support around the clock to its clients. Within the year, Wavetec plans to separate the business units into distinct divisions in order to focus marketing and sales efforts as it enters new markets across the Americas, Europe, and Africa.
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