Kent Lanum, CEO of the Ogle Foundation, accidentally let the cat out of the bag this morning at Open Coffee — but the website is already up, so we’re going to share: Louisville is set to become the third city to launch a U.S.-based Endeavor affiliate.
Endeavor is a nonprofit program that focuses on high-impact entrepreneurs around the world and provides them with a global mentoring network. A regional board of directors for the program selects and fosters local entrepreneurs who will “drive innovation, produce role models, and maximize wealth and job creation,” according to the website.
These entrepreneurs go through a rigorous vetting process, which includes, at the final stages, being interviewed by a managing director from a different region. The last step is to appear at an International Endeavor Selection Panel where a class of Endeavor Entrepreneurs will be selected by unanimous vote.
We’re still waiting on more details, but Endeavor has put together a local board of directors that Lanum said was very impressive.
Miami was the first U.S. city to launch an Endeavor program in 2013. A program was launched in Detroit last year.
Endeavor is headquartered in New York City. Thomas Friedman of The New York Times heralded the program as “the best anti-poverty program of all.” It operates in 22 countries in South America, the Middle East, Africa, Southeast Asia and Europe. To date, Endeavor has vetted more than 40,000 entrepreneurs and selected more than 1,000 individuals leading over 650 high-impact companies. In 2013 alone, these companies generated $6.8 billion in revenues.
More as we know more.