Endeavor Jordan on Tuesday has announced the selection of 15 High-Potential Growth Companies (HPGCs) to join the first cohort of SURGE – Scale-up Roadmap for Growing Enterprises, a three-year program co-funded by the European Union’s “Innovation for Enterprise Growth and Jobs” program “Innovate Jordan”.
The selection came after a multi-step selection process, ending with a virtual pitch event to panelists representing all implementing partners, according to an Endeavor Jordan statement.
The selected HPGCs will benefit from a wide range of custom-tailored services aimed at improving core business functions and enhancing access to finance and markets. This support will follow a 9–12-month roadmap “uniquely devised” for each HPGC based on their imminent needs to support their growth and market expansion efforts.
The services will tackle a variety of business challenges and will include mentorship, one-on-one coaching, training, advisory, and in-house consulting delivered by local and international subject matter experts.
This support will be extended to the founder(s) and the core management team of each HPGC to maximize growth potential, the statement said.
Additionally, and by leveraging Endeavor’s global network, SURGE will support the entrepreneurs’ efforts towards achieving their goals of market expansion and access to capital, according to the statement.
SURGE mandates that HPGCs are selected from wide-ranging sectors. Also, about 10-20 percent need to have operations outside Amman, and 20 percent should be women-owned or focused on creating women-friendly jobs.
This cohort has companies spanning six sectors including agriculture; commerce: retail and consumer tech; education; enterprise software and services; fintech; and healthcare. As for geographical presence, 10 percent of the selected companies have operations outside the capital Amman, specifically in Irbid and Jerash, read the statement.
Moreover, 40 percent of HPGCs in this cohort are either women-owned or are focused on creating women-friendly jobs, significantly surpassing the 20 percent requirement, according to the statement.
15 Companies Selected to Join the 1st Cohort of Endeavor Jordan’s SURGE
The selected companies are Medmac, Sager, Aumet, Repzo, Tamatem Games, CertaCure, Maqsam, Little Thinking Minds, Amina’s Natural Skincare, Whyise, Eon Dental, Qistas, Jobedu, POSRocket, and Yousef Afandi.
SURGE, which is implemented by a consortium led by Endeavor Jordan and includes Oasis500 and BeyondCapital, aims to foster the demand-driven growth and scaling of 45 HPGCs, 15 companies per year, throughout the three years. It will focus on strengthening their core business functions and assisting them to identify and seize new market opportunities, according to the statement.
Endeavor is leading the global high-impact entrepreneurship movement to drive economic growth and job creation by selecting, mentoring, and accelerating the best high-impact entrepreneurs around the world. To date, Endeavor has screened more than 60,000 individuals and selected more than 2,000 founders leading over 1,200 scale-up companies.
Endeavor launched its operations in Jordan in 2009, and is leading the way in supporting high-impact entrepreneurship. Today, Endeavor Jordan supports 43 Endeavor Entrepreneurs, representing 28 companies, from varying industries.