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Endeavor South Africa, in association with the Johannesburg Stock Exchange (JSE), demonstrated the success of its Endeavor Excelerator Program with a graduation event for participating entrepreneurs. Selected into the program in 2012, these early-stage entrepreneurs were given access to critical mentorship and investment advice that helped propel them to higher growth.
The Excelerator Program was born out of a goal to support earlier-stage black entrepreneurs as they push their businesses to the next level. Endeavor SA hoped to replicate the success achieved globally with the Endeavor model to support entrepreneurs who have not yet reached the high-growth phase of the typical Endeavor Entrepreneur. The program applies Endeavor’s global best practices to help these companies with challenges to scale within a defined timeframe. In turn, they have an opportunity to become prominent role models in South Africa’s entrepreneurial ecosystem and potential candidates for the Endeavor pipeline.
“We believe that developing high-impact entrepreneurs is the best way to promote an economy in South Africa that is sustainable and creates jobs,” says Catherine Townshend, MD of Endeavor SA . Over the course of two years, the participants were provided with a business road map, an advisory board, legal advice, and access to investment advice. The graduates of the program have shown significant growth in their businesses and employment numbers since joining.
Mohlakoana Mokoena of Drift Brands, Ashley and Tania Mulligan of Kushesh, and Tsakani Mashaba of Michael Mikiala Men were all declared Endeavor Excelerator Alumni at the graduation event. Mashaba said in a press release: “Being part of Endeavor is the best thing that entrepreneurs can do because it sharpens your business acumen. You also get to meet other entrepreneurs, so you do not feel alone.”
JSE host and sponsor Donna Oosthuyse welcomed all the guests while Catherine Townshend and Clive Butkow, an Endeavor Mentor, provided a look at the determination and effort the honorees put into the program. Endeavor SA also helped to formally open the exchange for the day. Citi, an Endeavor Global sponsor, provided support for the office and program as well.
Read more about the news in VentureBurn and by clicking here. Watch a video of the event at JSE below.
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