Endeavor Malaysia launches new program to develop high impact entrepreneurs – ScaleUp Endeavor
By Digital News Asia September 2, 2019
- 12 entrepreneurs chosen for 12-month program with access to Endeavor’s panel of experts
- Help entrepreneurs obtain clarity on how to build strong foundation for scaling up business
The Malaysian arm of Endeavor, an entrepreneur support organisation that works with growth stage businesses in 34 markets around the world, is excited to announce the launch of ‘ScaleUp Endeavor’- a new program targeted at helping Malaysia’s high potential companies that are at the startup phase.
ScaleUp Endeavor is in addition to its current track of helping larger high growth companies.
With TIME dotcom, whose commander in chief, Afzal Abdul Rahim (pic) is Endeavor Malaysia chairman, as the main program partner, ScaleUp Endeavor will select 12 entrepreneurs for a 12-month program that will provide them with access to Endeavor’s panel of business experts, investors and service partners to guide founders in their entrepreneur journey and help refine their businesses.
The 12 selected entrepreneurs will receive customized mentorship in a structured format via a series of workshops and an assigned mentor to journey with them through the program period. In line with the Endeavor’s model of paying it forward for the next generation of entrepreneurs, the ScaleUp Endeavor program will be supported by mentors like Afzal, Khairil Abdullah (chief executive officer of Axiata Digital), Endeavor entrepreneurs Lee Ching Wei (cofounder of iMoney), Fadzarudin Anuar and Vivy Yusof (cofounders of FashionValet), See Wai Hun (Cofounder and chief executive officer of Juris Tech), Eric Cheng (Cofounder and chief executive officer of Carsome) and many more.
“We believe high impact entrepreneurs play an important part in driving economic growth. ScaleUp Endeavor is an additional program that we developed to guide high potential companies from the startup phase to obtain clarity on how they should build a strong foundation in preparation for them to scale their company. We hope that successful companies from this program will subsequently be further supported with our existing Endeavor Entrepreneur track that focuses on growing large high growth companies,” said Arthur Chan, managing director of Endeavor Malaysia.
For this program, Scaleup Endeavor is looking for entrepreneurs who dream big and are looking to scale their businesses quickly. These entrepreneurs should be leading scalable and innovative Malaysian-based businesses with more than US$237,000 (RM1 million) in revenues and have been in operation from more than 18 months.
Established in 1997, Endeavor is leading the global high-impact entrepreneurship movement to drive economic growth and job creation by selecting, mentoring, and accelerating the best high-impact entrepreneurs around the world. Headquartered in New York City, Endeavor currently operates in 34 growth markets throughout Africa, Asia, Europe, Latin America, the Middle East, and North America. Globally, Endeavor Entrepreneurs have created over 3 million jobs, generate more than US$20 billion (RM84.2 billion) in revenue each year, and inspire future generations to innovate and take risks, building strong entrepreneurship ecosystems in growth markets.
Endeavor Malaysia runs two tracks for entrepreneurs:
Endeavor Entrepreneur Track: Global support for high growth scaleups through Endeavor’s worldwide mentor, investor and service partner network. Currently supporting 21 companies which include the likes of The Holstein Milk Company (Farm Fresh Milk), Photobook, Carsome, FashionValet and Common Ground that cumulatively generated US$308 million (RM1.3 billion) in revenues in 2018.
ScaleUp Endeavor Track: Local support for high-growth startups through the Malaysian network of mentors and regional support of investors and service partners.