Endeavor Global Inc., generally referred to simply as “Endeavor”, was founded in 1997 and is currently headquartered in New York and promotes itself as the pioneer of a concept of “high-impact entrepreneurship” in emerging markets. Endeavor, which has grown to the point where it has 11 independently-operated country affiliates in Latin America (Argentina, Brazil, Chile, Colombia, Mexico and Uruguay), the Middle East (Egypt, Jordan, Lebanon and Turkey) and South Africa, uses what it calls a “mentor capitalist” model that begin with identifying high-potential entrepreneurs and then providing them with a wide range of support including mentorship, networks, strategic advice, talent, skills and access to “smart capital”. Endeavor seeks to partner with seasoned business leaders to assist entrepreneurs in emerging markets with overcoming barriers to entry, growth and success including lack of local role models, limited management experience, lack of contacts and limited access to needed human resources and risk capital.
Endeavor is an interesting illustration of a group that was organized around the fundamental principal that entrepreneurs who can be provided with requisite support and encouragement can be important factors in sustained economic growth in emerging markets in their roles as leaders of innovative, high-growth businesses that create jobs and generate revenues that can strength the local economies. As of the beginning of 2011 Endeavor claims to be serving more than 550 high-impact entrepreneurs representing more than 300 firms and that Endeavor-supported entrepreneurs created more than 130,000 jobs and generated $3.5 billion in revenues in 2009.