Endeavor Egypt’s 24th Local Selection Panel
Author: Zeina Foda, Communications and Development Analyst
Endeavor Egypt is happy to announce that seven candidate entrepreneurs representing five companies have successfully passed Endeavor’s 24th Local Selection Panel (LSP) hosted on March 9th at Urban Station. The candidate entrepreneurs, representing NGage Consulting, RP Minerals, Al Mouneer, Taskty and WellSpring, are now one step closer to the becoming Endeavor Entrepreneurs. The Local Selection Panel is an integral piece of Endeavor’s selection process; helping identifying the next generation of high-impact entrepreneurs who are dedicated to support our mission of promoting sustainable economic development across Egypt.
Local Selection Panels represent the stage in Endeavor’s selection process leading up to the International Selection Panel, the final milestone before joining the Endeavor network. Throughout the Local Selection Panel, candidates pitch their businesses and future growth strategies, and are interviewed by three different pairs of panelists about their growth and leadership potential. Going through those rigorous interviews also gives candidates the opportunity to get valuable feedback directly from the Endeavor network mentors. After all interviews have been completed, panelists convene to deliberate and unanimously vote on who will move on to the International Selection Panel – if selected.
Endeavor Entrepreneurs gain exclusive access to Endeavor’s network of 4,000+ global business leaders, industry experts and peer entrepreneurs across the 26 countries where Endeavor has presence. Additionally, Endeavor Entrepreneurs get access to talent, mentorship and smart capital programs designed to help scale their businesses.
Stay tuned for more updates on the upcoming Local Selection Panel of May 22nd, 2017, Endeavor Egypt’s 25th.
Learn more about on our candidate entrepreneurs who passed the 24th LSP:
Company: NGage Consulting
Entrepreneurs: Karim Refaat and Mohamed Bahaa
Description: With NGage Consulting, complying with government regulations has never been easier in Egypt. Karim Refaat and Mohamed Bahaa, the founders of NGage Consulting, are easing the cost of doing business in Egypt by helping multinationals and large local firms navigate the tangled web of bureaucracy that has defined the Egyptian state for decades. Government lobbying in Egypt is a foreign concept, presenting NGage Consulting with a local untapped market potentially worth upwards of US$100M.
Company: RP Minerals
Entrepreneur: Yasser Rasheed
Description: RP Minerals is specialized in the production of minerals and chemicals in which it mines, selects and processes minerals to serve various sectors such as Oil and Gas drilling, water drilling, tunneling and much more. The company’s production facility in Egypt serves not only the Egyptian Market, but also caters to markets in the Middle East, Europe, South East Asia, North West and East Africa, Australia, North America and South America. RP Minerals aims to achieve 30% growth by 2017 and holds a 70% market share of Barite supplies to Egypt’s oilfield industry.
Company: Al Mouneer
Entrepreneurs: Noha Khater and Rania Kadry
Description: Al-Mounir is the first electronic, paper free Diabetic Retina Center in Egypt with the goal to create a link between diabetes and retinal problems. It is specialized in early detection as well as the protection of eyes of patients suffering from diabetes. Al-Mounir addresses about 10%-15% of the current treatable market share of diabetic patients with ocular problems and has seen a 50% increase in revenues within the first two years. With three branches and 34 employees, Al-Mounir caters to a diverse client portfolio of insurance companies, government agencies and banks.
Entrepreneur: Ahmed Galal
Description:Taskty acts as an organizational tool that helps customers book various home services and allows suppliers to deliver a safer and more reliable service through its online marketplace. Taskty also provides technicians soft skills training for smooth communication with customers in order to encourage professionalism and a better customer experience. With about 350 orders per month between 2015 and 2016, Taskty’s revenue in that year increased by 90%. Finally, Taskty plans to expand outside of Cairo into other cities in Egypt.
Entrepreneur: Maged Fawzy
Description: After 20 years of experience in the camp industry, Maged Fawzy founded WellSpring with the aim to empower youth and underprivileged children through leadership development, education and character building. Through its customizable camps, WellSpring offers education, training and fun for all family members, school teachers, coaches and athletic teams. WellSpring bolsters a customer base of 28 internationals schools, corporations such as Microsoft and Orange and has worked with 87,000 children through corporate camps in 2016 alone. As the company continues to grow, Fawzy plans on expanding into three new markets in 2017.