July 21, 2021 – Miami, FL – Following three successful cohorts, Endeavor Miami announces the continuation of its ScaleUp Program. For Cohort Four, this selective program will choose up to ten startups for a four-month acceleration program designed to support leading early-stage companies with strong impact potential in the Florida ecosystem to scale.
Scale-ups – companies at least three years old with a minimum of 20% CAGR – are important to the development of an economy because once they hit moderate scale or greater, they have the potential to generate 80% of jobs in Miami. However, Endeavor Insight research shows that 99% of startups in Miami die before reaching 5 years of operation. Thus, Endeavor Miami decided to offer their services and community to bridge the gap between startups and scale ups with support that actually helps companies scale. The ScaleUp Program leverages Endeavor’s methodology through mentorship, peer-to-peer support and expertise in scale ups in order to help more entrepreneurs prepare for organized growth.
The selected companies will have access to individual mentoring, group modules made up by guest speakers and roundtable discussions, legal pro-bono support, storytelling training, media exposure, talent recruiting, investor introductions and other services. Notably, the program provides access to Endeavor’s invaluable network through which they can learn from other founders’ experiences in scaling up high-growth companies, developing meaningful personal networks and business relationships.
The ScaleUp Program has supported 26 companies over the past three years, including notable local success stories such as Caribu founded by Max Tuchman and Alvaro Sabido, Cargobot founded by Catalina Machado, Fernando Correa and Gustavo Medina, and Skyloom founded by Marcos Franceschini and Santiago Tempone.
“I was really impressed with all of the presentations,” said Guillermo Younger, Founder & CEO of CIELO “The Q&A sessions were fantastic. The speakers were very knowledgeable, and I got a lot of value from the insights shared”, he added.
“Endeavor’s framework for pitch prep was an excellent tool to streamline the ideas and structure the pitch. The team activities were very helpful, showing us the power of analyzing different points of view within the cohort.” Leonardo Gannio, Founder & CEO, MAGIIS.
Applications are open from July 19 through August 8. Eligibility criteria, more information, and applications are available at https://mailchi.mp/endeavor/miamiscaleupprogram.
Endeavor is the world’s leading community of high-impact entrepreneurs. Founded in 1997, Endeavor is a global organization with a mission to unlock the transformational power of entrepreneurship by selecting, supporting, and investing in the world’s top founders. Today, Endeavor’s network spans nearly 40 countries and supports more than 2,000 entrepreneurs, whose companies generate combined revenues of over $28 billion US, have created more than 3.9 million jobs, and, in 2020, raised over $4 billion US in capital. Endeavor’s unique entrepreneur-first model and network of trust provide a platform for founders to dream big, scale up, and pay it forward to the next generation of entrepreneurs.
Endeavor Miami was established in 2013, with the support of the John S. and James L. Knight Foundation as the first U.S. affiliate of the Endeavor Global network. Endeavor Miami’s entrepreneurs generated close to $340M in revenues and over 3,000 jobs in South Florida in 2020 alone. With the addition of its newest companies, the affiliate currently supports 26 companies and 46 entrepreneurs, such as Nearpod, Cameo, NovoPayment and Wyncode.
For media inquiries, or to request an interview with Endeavor Miami and its entrepreneurs, please contact:
Laura Ginebra at [email protected]