Countries
Mexico
Key impact
$321M in revenues generated by Endeavor Entrepreneurs in 2009“If 70 small and medium size companies become big companies, México GDP will increase 1%. Imagine the impact if we transform 700 companies; this is Endeavor’s challenge to make a true impact.”
- Launched
- 2002
- Entrepreneurs
- 78
- Website
- Endeavor Mexico
Country Snapshot
Mexico boasts one of the largest economies in the world. At almost a trillion dollars, Mexican GDP is about equal to India’s while its population is roughly a 12th of India’s size, and its GDP is only slightly smaller than Brazil’s with half the population. In fact, of the emerging markets, Mexico is the most developed economy compared to the BRIC countries (Brazil, Russia, India, and China), as a recent report by Goldman Sachs states: “…only Mexico, and perhaps Korea, have the potential to rival BRICs – economies that we excluded initially [from the BRIC term] because we view them as already more developed.”
Despite those impressive facts, Mexico’s GDP growth rate has been lagging the BRICs, and the recent crisis has reduced GDP by almost 6%. Its status as a higher developed nation among emerging economies could fall fast. One reason why Mexico has not been able to grow its GDP at the same rates as China, India, and even Brazil, is that on a given year, a very small number of large firms are created, while a large number of micro businesses are opened. Nearly 75% of Mexico´s GDP is accounted for by private formal establishments (firms); while 34% of GDP comes from the 2,665 large firms in the country, only 6% of GDP comes from the 2.69 million micro firms. This means that only a small number of medium sized firms make it to the next level, and while it’s something to be worried about, it’s also a great opportunity for Endeavor.
If only 50 large firms were created every year in Mexico, GDP would increase annually by 1%. Endeavor Mexico is therefore actively seeking to meet this goal.
One optimistic sign is that Venture Capital is growing by leaps and bounds in Mexico. In 2008, there were only two funds with $40 million in capital commitments. Today, 25 funds in Mexico control over $1 billion in capital commitments, representing a huge opportunity for high-impact businesses.
The endeavor effect
Endeavor Mexico was founded in 2002 with a single office in Mexico City. To date, business leaders have provided more than 20,000 hours of mentoring to Entrepreneurs, who in turn have created more than 8,600 high-value jobs. Roughly nine in ten Entrepreneurs state that Endeavor has had a significant effect on their businesses. Currently, 50% of Entrepreneurs have patents or are in the process of applying.
Endeavor Mexico has rolled out an innovative franchising strategy in an attempt to better reach promising entrepreneurs in all parts of Mexico, partnering with top universities and local businessmen in seven states to launch regional offices. Each office reports to Endeavor Mexico, feeding candidates it recognized with a regional seal of approval to Endeavor’s main pipeline. These entrepreneurs are closely watched for the potential to become Endeavor Entrepreneurs. To date, Endeavor Mexico has opened nine regional offices: Puebla, Baja California, Monterrey, Chiapas, Guanajuato, Aguascalientes, Guadalajara, Yucatán, and Sinaloa.
Entrepreneurs
Board of directors
Marcos Achar Levy
Comex-Comercial Mexicana de Pinturas S.A. de C.V., CEOMartha Aguilar Trejo
Universidad de Celaya, RectoraSalvador Alcalá Jiménez
Grupo LP, DueñoSalvador Alva
ITESM (TEC) Monterrey, Rector del SistemaFrancisco Alvarado Nazar
A & N Consultores,Sebastián Arana Escobar
Meprosa, Director GeneralFernando Ariza de la Fuente
Grupo Ventariz, PresidenteJosé Arteaga Niepmann
La Huerta, CEO / IngenieroPedro Aspe
Protego Asesores S.A., Director GeneralPedro Aspe Bernal
Grupo Proyecta, Director ComercialEmilio Azcarraga Jean
Televisa, Chairman, President, CEO and President of the Executive CommitteeShahab Bahador Aminpur
Central de Gas, Socio / IngenieroRamón Horacio Barba Orozco
Grupo Costructor PEASA, Dueño, Director General / IngenieroHumberto Blancarte Alvarado
Proactiva Medio Ambiente CAASA, Director General / IngÓscar Blanco Torres
Construcredito, Director GeneralFrancisco Javier Buenrostro Gándara
PRODUCTORA CLINIMEX INDUSTRIAL SA, Director General / LicenciadoAlejandro Bustamante Gutierrez
PLAMEX, Presidente y DirectorElías Cababie Daniel
GICSA, ChairmanSarahi Carrera Laurean
Seiton de México, Directora de OperacionesJuan Ignacio Casanueva
Grupo CP, Chairman & CEO (Interproteccion)Raúl Casares G. Cantón
Grupo Porcícola Mexicano, FundadorEugenio Clariond Reyes Retana
Cuprum,Jose Maria Coello
Megapixel,Agustin Coppel
Coppel, Presidente del Consejo de AdministraciónJavier Coronel Piña
Grupo Capistrano Alimentari, Dirección GeneralMiguel Angel Dávila
Cinemex, FounderRogelio De los Santos
Alta Ventures, Director GeneralGerardo de Nicolás Gutiérrez
Homex, Director GeneralHéctor Del Villar Martínez
RAVSA, Director General / Sr.Martin E. Torres
Quimical, CEOSergio Esquer Peiro
Agricola Chaparral, Director GeneralCarlos Fernández González
Grupo Modelo, S.A. De C.V., Chairman & CEOJose Galicot Behar
BBG Comunicacion, SocioMario Garcia
Deloitte Baja California, SocioMario Garcia Franco
Fabrica de Papel San Francisco, CEOEugenio Garza Herrera
Xignux, Chairman & CEOEduardo Garza T
Frisa, Director GeneralAndrés Gómez
Grupo AXO, Co-ChairmanCarlos Gómez Andonaegui
Grupo Martí, Director General EjecutivoCarlos Gómez Andonaegui
Grupo Marti, CEOJose Eduardo Gonzalez
Estrategias Empresariales,Jose Gonzalez Cobian Rodriguez
Industrias Cobitel, Director GeneralGuillermo González Guajardo
M & A Fusiones Y Adquisiciones, DirectorSalomón Gutierrez
Central de Gas, Contador PúblicoEmilio Gutierrez Borbolla
Deloitte Guadalajara, Socio Regional Bajio OccidenteEmilio Gutierrez Borbolla
Deloitte Guadalajara,Pedro Guadalupe Gutiérrez Romo
Central de Gas, Director General / DRKurt Honold
Btel, Socio directorAlberto Kuri Chedraui
Baby Mink, Director GeneralJorge Kuri Rojo
El Trompo, Consejero CoordinadorJavier Lizárraga Mercado
Café El Marino S.A. de C.V., Director GeneralRicardo Lona
Grupo Mega, ConsejeroRodrigo Lopez
CONINTE, Director de Estructuras MetálicasEnrique López Vázquez
La Huerta, Director de Operaciones y PlaneaciónJose Ramon Lozano Torres
RYC Alimentos, Vicepresidente Consejo de AdministracionAscan Lutteroth
Muhl Hausen, Socio directorRodolfo Gerardo Madero Rodríguez
Grupo Alerta, Presidente de Grupo AlertaHugo Martinez
Inmobiliaria Cumbres de Nuevo Leon,Eduardo Martínez Bolio
Marbol, Director GeneralNicolás Martínez Lara
TEQUILA EL CHARRO, Dueño, Director General/ Sr.Eduardo Martinez Palomera
PIMSA, DirectorPablo Mastretta Zaldivar
Grupo CIPSA, Director ComercialFrancisco Mayorga Castañeda
Industrias Melder, Presidente & CEOLuis Medina Cantillo
ProviPurina / Sociedad en Movimiento, DirectorJosé Medina Mora
Compusoluciones, Presidente & CEORamón Medrano Ibarra
Frio Express, Dueño, Director General / IngenieroJosé Lauro Meléndrez Parra
Farmacon,Armando Millet Molina
Royal Resorts, DirectorBernardo Minkow
Bernardo Minkow, IndependienteFrancisco Moncayo
Vialux, Director de Finanzas y AdministraciónRodolfo Nelson Luken
Grupo Nelson, Director generalRamiro Ochoa Ochoa
IPADE Guadalajara, Director GeneralOscar Peimbert Terrones
PAVYMAQ, Director General / IngJuan Manuel Ponce Díaz
Bepensa, Director GeneralRicardo Ponce Gutierrez
Inmotrade, DirectorGabriel Posada Cueto
Grupo Proyecta, Director AdministrativoRafael Posada Cueto
Grupo Proyecta, CEOMiguel Quiros Magallanes
Grupo Proyecta, DirectorAlfredo Rivas Godoy
Radio Grupo, Director General / INGJaime Roberts Vildósola
Grupo IAMSA, DirectorGuillermo Romo
Grupo Mega, Chairman & CEOGuillermo Romo de la Peña
Grupo Mega, ConsejeroGuillermo Romo Romero
Grupo Mega, Presidente del Consejo y CEOGuillermo Romo Romero
Grupo Mega, PresidenteAlexis Rovzar (Deceased)
White & Case, PartnerCarlos Sales Sarrapy
Cuasar Capital, Managing DirectorJosé Luis Sánchez de Alba
Farmacia Sánchez, Director GeneralAlfredo Suarez
Empacadora San Marcos, PresidenteSergio Tagliapietra Nassri
IVEMSA, DirectorRicardo Thompson
Serport, DirectorFernando Topete
ACR Capital, PresidenteFernando Topete Dávila
ACR Capital, Presidente & CEOAlberto Torrado
Alsea, Chairman & CEOMartin Torres
MTP Quimical, DirectorBlanca Treviño
Softtek, Presidenta del Consejo y Directora GeneralHéctor Vega
Vega Franco y Asociados, ContadorRicardo Villarreal Zambrano
Imagen Dental, Director GeneralAntonio Walker Olvera
Metal Tec, Director-Vicepresidente CoparmexRafael Zaga Kalach
Vicky Form, Accionista (primo de Pepe)endeavor impact
130,000+high-quality jobs created by Endeavor Entrepreneurs (3/4 created from growth post-engagement)
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Endeavor transforms the economies of emerging markets by identifying and supporting high-impact entrepreneurs
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