Strong year for Endeavor UAE highlights growth of entrepreneurship and innovation in region
Endeavor UAE has ended 2016 with the addition of 10 new high impact entrepreneurs from five companies to its portfolio, in the past 12 months, highlighting the development of the entrepreneurial landscape in the UAE and the value of mentorship to business growth, and now has a total of 25 entrepreneurs from 17 companies in its programme.
Among the 2016 intake for Endeavor are: SouqAlMal’s Ambareen Musa; RightBite’s Nathalie Haddad; BMB Group’s Mohamad Ballout, Bilal Ballout and Mohamad Khachab; Panache International’s Vishal Shah; Wavetec’s Ahmed Fraz and Tobias Bessone; as well as RAW Coffee Company’s Kim Thompson and Matt Toogood. The range of companies shows the diversity of opportunity for business success.
Applying a proven ‘mentor capitalist’ model, Endeavor board members and mentors help selected entrepreneurs overcome barriers to growth by providing mentorship; networks; strategic advice; talent; skills; access to smart capital; and inspiration.
“There is no doubt the UAE is a fertile breeding ground for budding entrepreneurs and innovation across a diverse range of sectors. People are highly educated; the region is resource rich, logistically advanced and well located; and the leaders are committed to the development and diversification of economic growth. But more importantly, we are seeing a direct correlation between business growth and mentorship in the region, as well as the ancillary benefits of having someone to lean on professionally, and we are doing everything possible to amplify this for the benefit of the region” said Noor Shawwa, Managing Director, Endeavor UAE. These are brilliant leaders and passionate professionals, and I have no doubt that Endeavor UAE is helping to develop the next generation innovators who will drive the Middle East’s economy.
Endeavor UAE also held its first Scale-Up UAE event in the first quarter of 2016, which brought together a network of highly experienced entrepreneurs, mentors and investors from the UAE and abroad, and confirmed regional appetite for expert-led interactive panel discussions on issues faced by entrepreneurs at every stage of scaling their business.
In little over three years since its formation, the UAE affiliate has grown to encompass an impressive network of internationally recognised entrepreneurs and some of the region’s most prominent business leaders.
Globally, the Endeavor organisation now has 25 affiliate chapters around the world and has selected over 1,403 entrepreneurs from 875 companies, and provided over 30,000 hours of counsel and mentorship to selected entrepreneurs from 2015-2016. The UAE affiliate was established in 2013.