Endeavor Philippines, an affiliate of non-profit group Endeavor Global, is targeting to bring six “high-impact entrepreneurs” into the organisation’s global network in 2017 with a view to helping them scale up their businesses.
“For the Philippines in 2017, we want six more companies on-boarded to put our portfolio at 12—they in turn will mentor more,” said Endeavor Philippines managing director Manny Ayala.
High-impact entrepreneurs, a term coined by Endeavor founder Linda Rottenberg, refers to entrepreneurs with the ability to create large, successful businesses that disrupt their industries and that have the desire to “pay it forward” by nurturing other entrepreneurs.
Endeavor helps entrepreneurs grow their businesses by connecting them to a global network of over 3,000 business leaders who have volunteered to provide mentoring and connections focused on access to markets, capital and talent.
Ayala said Endeavor’s global pool of 1,336 entrepreneurs generated up to $8.1 billion in revenues and helped create over 600,000 jobs last year.
Endeavor Philippines is Endeavor’s third affiliate office in Southeast Asia launched in 2015 and since then has helped eight entrepreneurs from six organizations in various industries to scale and positively impact their respective networks and value-chains.
At present, the local portfolio includes Xurpas, PSG Global Solutions, Bo’s Coffee, Adobo Connection, mClinica, also Christopher Reiter and Kenneth Cobonpue.
Endeavor Philippines has so far built a network of 40 mentors that include business leaders such as Billy Valtos of ICCP, David Guerrero of BBDO Guerrero, Ginbee Go of BPI Family, and Hans Sicat of the Philippine Stock Exchange.
The local board consists of Bobbit Panlilio, Jaime Augusto Zobel de Ayala, Gabby Lopez, Anton Huang, Jun Sy, Bong Consing and Injap Sia.
“Regardless of the economic and geopolitical climate, if we stick to our mandate of mentoring high-impact entrepreneurs who are driven to pay it forward, the multiplier effect will continue,” Ayala said, sharing what he learned from Endeavor Global’s 20 years as connector for promising startups and founders.
Endeavor Philippines since January of 2015 selects entrepreneurs through a rigorous screening process involving local and global mentors.
Upon selection, entrepreneurs receive support from global and local business mentors, access to professional services, and growth capital. Endeavor Philippines is supported by generous donors including JP Morgan.