ix cohorts of the EndeavorLAB and ScaleUp programs are planned for the year – including a climate tech-focused initiative in partnership with Future of Cities
MIAMI, FL – January 18, 2022 – Endeavor Miami, an affiliate of the global Endeavor organization supporting entrepreneurship, announced today that it is accepting applications for all 2022 cohorts of its accelerated growth programs, ScaleUp Program and EndeavorLAB.
ScaleUp Program is a four-month acceleration program designed to support startups with high-impact potential in the Miami ecosystem to create a path for scale. Selection criteria include 2 full-time employees, being based in Florida, having product-market-fit and generating between $800K and $2.5M in annual revenues. The ScaleUp Program Spring Cohort will run between March 15th and June 23rd. The deadline to apply is Sunday, February 20th. Founders participating in this program pay a fixed fee and do not give up any equity. For more details and to apply, visit https://mailchi.mp/endeavor/miamiscaleupprogram.
EndeavorLAB is a two-month, audience-specific, accelerated growth program designed to support local early-stage companies in establishing their business foundations post-revenue generation. Selection criteria include being based in Florida, having product-market-fit and generating between $50K and $500K in annual revenues. Founders participating in this program receive a scholarship sponsored by the partner.
The first EndeavorLAB of the year will be powered by Future of Cities, a mission-driven organization and consortium dedicated to transforming communities through sustainable development. The program will focus on assisting minority-led climate tech companies creating innovative solutions to help improve our resilience to climate change or reduce our carbon footprint. Running between March 8th and May 5th, with an application deadline on February 13th. This initiative is the result of fundraising efforts at the “Venture into Nature retreat,” held at ChoZen, and the support of Silicon Valley Bank. For more details and to apply, visit https://mailchi.mp/endeavor/endeavorlabprogram.
Since their inception, Endeavor Miami’s Programs have gone to accelerate 75 companies, which together have generated over $50 million in annual revenues, employed 651 people and raised $68 million to date. In addition, the Programs hold an approval rate of 94%, consistently deliver over 60 hours of curated content to each company (program dependent) and leverage the expertise of 30+ Endeavor network members for the benefit of participating entrepreneurs.
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 generate 80% of jobs in Miami. However, Endeavor Insight research shows that 99% of startups in Miami die before reaching 5 years of operation. In 2019, Endeavor Miami launched its accelerator programs – ScaleUp Program and EndeavorLAB – to bridge the gap between startup to scale-up with support that actually helps companies scale.
“I made very interesting connections that I will take outside of the program, which is a testament of the success of EndeavorLAB – you bring people together and your impact echoes past the end of the program. I can’t express enough gratitude for the impact the program has had on our work,” said Olivia Ramos, Founder of Deepblocks.
“The program was incredibly successful. It puts an entrepreneur in the right mindset, surrounding them with super smart subject experts. It upped my game, and I’m significantly more conscious and organized post this program, more than I expected,” said Marc Billings, Founder and CEO of Blackdove.
“Founders are choosing more and more South Florida as their home to build up their companies,” said Claudia Duran, Managing Director of Endeavor Miami. “We are pleased to offer programs like these to help keep local companies strong and thriving.”
See below the other programs to be run in 2022. Entrepreneurs can apply to all six cohorts today.
- ScaleUp Program, Fall Cohort: August 30 – December 8, 2022
- EndeavorLAB, TBA: May 18th – July 14th, 2022
- EndeavorLAB for Black Founders, powered by Dell for Startups: June 28th – August 25th, 2022
- EndeavorLAB, TBA: Sept 28th – Nov 22nd, 2022
For more details on upcoming cohorts and to apply, click https://mailchi.mp/endeavor/miami-programs.
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. Learn more about Endeavor at https://endeavor.org/.
About Endeavor Miami
The Endeavor Miami affiliate was established in 2013, with the support of the John S. and James L. Knight Foundation as the first U.S. affiliate of Endeavor Global. Endeavor Miami’s entrepreneurs generated close to $340M in revenues and over 3,000 jobs in South Florida in 2020. With the addition of its newest companies, the affiliate currently supports 26 companies and 46 entrepreneurs, such as Nearpod, Cameo, NovoPayment and Wyncode. Learn more about Endeavor Miami at https://endeavormiami.org/.
About Future of Cities
As the challenges cities face mount, the Future of Cities was created to reimagine how we live, work, play and learn. Future of Cities is a mission-driven consortium invested in transforming the built environment by adopting environmental, social and governance (ESG) strategies to improve the quality of urban living across the globe. With a goal to impact 1 billion people through a new sustainable urban design logic and the co-creation of regenerative cities of the future, Future of Cities is a multi-pronged platform that includes: real estate investment and development, a venture ecosystem and public advocacy. The organization is composed of global advisors, subject matter experts, technology partners, investors, policymakers, local municipalities and governments, leaders of nonprofit organizations, businesses and corporations that have committed to adopting strategies and a regenerative development framework that will accelerate the transition to a more sustainable urban future. To learn more about the Future of Cities, visit FOCities.com.