Endeavors position and the problem S&S solves
• The Search and Selection team’s role is to identify innovative, high-growth businesses; that will create jobs and wealth.
• There are a range of other entrepreneur support agencies out there such as microfinance lenders, bottom of the pyramid investors and government agencies, and international private equity and venture capitalists.
• Endeavors Search and Selection teams’ goal is to indentify entrepreneurs that experience the lack of support for the “missing” stage between your companies being successfully established and operating efficiently in the market and achieving your strategic growth objectives and international expansion.
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Entrepreneur Supporter
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Type of business supported
in emerging market
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Microfinance |
Small Businesses that
lift the owner above poverty-level
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Social Entrepreneurship NGOs & Bottom
of the Pyramid Investors |
Businesses that provide
solutions to aid dissadvantaged
population
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Innovative, high-growth
businesses that will create jobs
and wealth
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Private Equity / Venture Capital |
Business that are well on their way to
success
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Selection Criteria
• Entrepreneurs are indentified through our network of nominating partners (such as SME Toolkit, IDF, FNB, SAB Miller Foundation (can we put their logo’s on the website?)) and our network of VentureCrops members who are high-level South African and international executives.
• Entrepreneurs can also self-nominate themselves if they think it is appropriate.
• You and your business have to match a predefined set of selection criteria to get into either of the two Endeavor South Africa portfolios: see table below
- Excelerator Local
- Endeavor Global
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The Entrepreneur
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- An Innovator, thinks outside the box
- Has role model potential
- Willing to learn
- Ambitious and wants to grow the business
- Passionate
- Impecable Ethics
- Has experience / expertise in the industry
- Alligned to the Endeavor Vision
- Works full time in the business
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Excelerator
(Local portfolio)
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Excelerator
(Global portfolio)
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- At least 6 months in operation
- Innovation or potential to innovate
- Patents
- Proprietary processes
- Price premium
- Niche market
- Scalable or potential to grow
- Has started to generate an income
- Less than R15 million p/a in revenue
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- At least 12 months in operation
- Innovation or potential to innovate
- Patents
- Proprietary processes
- Price premium
- Niche market
- Scalable or potential to grow
- Has started to generate an income
- At least R15 million p/a in revenue
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•
By participating in the Endeavor Search and Selection Process you and your company will also be measured against the 5 key objectives we hope to achieve at Endeavor South Africa:
- Cultural Capital
- Financial Capital
- Human Capital
- Intellectual Capital
- Social Capital
Selection Process
• The Endeavor Search & Selection process is very robust:
- Over 20,000 candidates screened
- Only 555 entrepreneurs selected
- 94% of Endeavor companies still operational
• The selection process consists of 5/6 steps:
- FOR – first opinion review
- SOR – second opinion review
- Local Selection Panel
- Final Review
- Local or International Selection Panels
