Endeavor Indonesia Holds "ScaleUp Growth Program"

Aiming to support the founder and entrepreneur who have passed the phase product-market fit to be able scale-up pass inflection points their next one, Endeavor Indonesia held the "Endeavor Indonesia ScaleUp Growth Program".

Those who have headquartered in Indonesia, have been in business for more than two years, have received over $2 million in funding or those who have generated more than $2 million in annual revenue in 2020, have the opportunity register in this program.

This is the first time Endeavor Indonesia has held an accelerator program.

To DailySocial, Entrepreneur Search and Growth Endeavor Indonesia, Zakia Syifa, revealed that this program is a non-dilutive accelerator, so Endeavor will not invest in the selected companies. This also keeps Endeavor from upholding the first and foremost principle, namely "Entrepreneur First" by providing neutral support through mentors, so that they can determine the best course of action for their business.

"This program is entirely designed to be a place for entrepreneurs to grow, find clarity and validation about their business and strategy, as well as answers to the biggest challenges in the process. scaling up. In addition, participants can also develop their business from the commercial side through the Endeavor network that they get through this program, and can accelerate the funding process for those who are actively seeking."

To support existing activities, the ScaleUp Program will also utilize a number of existing Endeavor mentors. Overall, Endeavor Indonesia currently has around 80 mentors from businessmen and professionals with more than 15 years of experience in their respective fields.

"Through this program Endeavor wants to do more to prepare the entrepreneur to enter the phase scale-up and become an Endeavor Entrepreneur, so that in the future you can immediately receive the full benefits of Endeavor as an organization that focuses on providing support for the company scale-up."

Support entrepreneur area

Has been present since 2012, the Endeavor Indonesia program which focuses on selecting and helping high-impact entrepreneur already have some plans and targets which will be launched this year. One of them is to help more entrepreneur areas that until now still lack opportunities, such as entrepreneurs who live in big cities.

“We want to find more startups that come from the region, have a unique background but have impact the big one. It could be that those who come from the middle to lower classes and have a concern for the environment will be our priority in the future," said Endeavor Indonesia 2020 Chairman Arif P. Rachmat.

So far Endeavor Indonesia has helped entrepreneur influential people accelerate their business growth by introducing them to local and global industry experts who become their mentors. Endeavor Indonesia also provides comprehensive access to markets, capital and talent. One of entrepreneur The influential people supported by Endeavor Indonesia are the CEO and Co-Founder eFisheries Gibran Huzaifah.