It’s Official ! Endeavor expands to Lebanon!

16May11

   We hope to select an impressive array of entrepreneurs who are running companies that will not only change industries, but also create value-added jobs that are necessary for growing our country’s economy.

Endeavor announced from New York that it will launch a new affiliate office in Beyrouth, Lebanon, expanding its efforts to select and service high-impact entrepreneurs in the Middle East.

This will be Endeavor’s fourth regional affiliate, following successful launches over the past five years in Turkey, Egypt and Jordan as mentioned last monthEndeavor has already selected 65 entrepreneurs representing 41 companies in the region and provides a range of services including mentoring, providing access to key networks and introductions to sources of smart capital.

All Endeavor affiliates are spearheaded by a local board of leading businesspeople each of whom  share the organization’s vision for screening and selecting entrepreneurs and then providing them guidance to scale their businesses.

The Endeavor Lebanon founding board will be chaired by Fares I. Fares, Chairman and CEO of Wedge Alternatives.  He will be joined on the board by Charles El-Hage, retired senior partner of Booz & Company, Selim Ghorayeb, Chairman and CEO of Algorithm, Marwan Kheireddine, Managing Director of Al-Mawarid Bank, Sami Khouri, CEO of Teeba Holding and Azmi Mikati, CEO of the M1 Group. The office will be headed by Managing Director, Tarek Sadi. He will be aided by Desiree El-Chebeir, as Manager of Entrepreneur Services.

   I speak for the whole board in saying that we are very excited about this effort to expand opportunities for entrepreneurs & entrepreneurship in Lebanon,” said Mr. Fares.  “We hope to select an impressive array of entrepreneurs who are running companies that will not only change industries, but also create value-added jobs that are necessary for growing our country’s economy.

Endeavor’s job is to identify the most promising entrepreneurs in emerging markets and help them scale their businesses. Through our work with high-impact entrepreneurs in the MENA region, we hope to inspire a culture of entrepreneurship, leading to innovation and wealth generation.” said Endeavor Co-founder & CEO Linda Rottenberg.  “We’re very excited to be starting work in Lebanon.”

Update (24/05/2011): Endeavor invited 23 High-Impact Entrepreneurs representing 13 companies from Argentina, Brazil, Egypt, Jordan,Lebanon, Mexico, Turkey and Uruguay to join the organization at our 39th International Selection Panel, which was held from May 17th-19th in London, England. Endeavor now supports 603 High-Impact Entrepreneurs from 385 companies in 11 emerging market countries.

East & East (Nada Debs)
Entrepreneur: Nada Debs
Description: Manufactured by a network of 150 artisans in Lebanon, Nada Debs’ furniture is displayed in top stores worldwide, including in London, New York, Dubai and Cairo. Custom clients have included the World Economic Forum, the Jordanian royal family and the Ritz-Carlton in Bahrain.

Eastline Marketing (ELM)
Entrepreneurs: Marc Dfouni and Nemr Nicolas Badine
Description: ELM provides digital marketing services to regional clients in the Middle East (including Bank Audi, DHL, Kimberly-Clark and Toyota) using a proprietary database of insights into customer segments that cuts across regional geographies and industries.

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