Endeavor Sets to Further Strengthen Entrepreneur Communities with Philippines Multiplier Map
Over the
past couple of years, the world has been tested and challenged by the
unprecedented spread of COVID-19. Though there are some countries who were able
to mitigate and lessen the economic impact of this pandemic, many have suffered
and still enduring the effects of this global catastrophe.
For the leading global community of, by, and for high
impact entrepreneurs – ENDEAVOR – the pandemic the sense of community aimed to
build exactly eight years ago. Since the community established in 2014, have been
redefining the entrepreneurial ecosystem globally.
Believing that
job creation, innovation and overall prosperity flourish where there is robust
support for high-impact entrepreneurs, Endeavor recently unveiled the Philippine Multiplier Map to show how
Endeavor Entrepreneurs have reshaped the industry.
The Philippine
Multiplier Map
A month shy from the end of 2022, Endeavor Entrepreneurs revealed that they have already generated over PHP30 billion in revenues, and have created about 30,000 jobs. Committed to guiding and motivating the next generation, Endeavor Entrepreneurs are reinvesting profits, expertise, and time to multiply the positive impact their individual enterprises have achieved.
A month shy from the end of 2022, Endeavor Entrepreneurs revealed that they have already generated over PHP30 billion in revenues, and have created about 30,000 jobs. Committed to guiding and motivating the next generation, Endeavor Entrepreneurs are reinvesting profits, expertise, and time to multiply the positive impact their individual enterprises have achieved.
Manny Ayala, Endeavor Philippines Managing Director |
The reports highlights (1) The Philippine entrepreneurial ecosystem has grown, in part, due to the Multiplier Effect, as successful entrepreneurs pay it forward to the next generation. They have inspired countless other entrepreneurs. They have mentored and shared their networks with them. And they have re-invested their financial gains in them; (2) Endeavor's first entrepreneurs have emerged as Big Bubbles, having an outsized influence in the ecosystem, serving as key mentors, investors, and advisors for early-stage companies locally and internationally. Endeavor's latest entrepreneurs are already making their mark, primed to become the next generation of Big Bubbles, mentoring as early as now; and (3) Endeavor has selected 33 entrepreneurs from 27 companies who continue to make their mark in the country, generating $513M in revenue in 2022 and creating over 29,000 jobs over the course of 8 years.
Meanwhile, next generation Endeavor Entrepreneurs who are already making their mark and primed as the next Big Bubbles in the Philippines' startup ecosystem include Roland Ros and Rexy Dorado, Cofounders of Kumu; and Steve Sy, CEO of Great Deals E-Commerce Corp.
"Endeavor is able to create a multiplier effect because we are committed to inspiring high-growth founders to dream bigger, supporting and investing in them to scale faster, and providing a platform to pay it forward--thereby compounding their individual impact," Ayala adds.
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