Miami’s start-up community will soon have another resource to help local entrepreneurs grow their businesses.
Endeavor, a nonprofit that builds communities of high-impact entrepreneurs and innovators, will open its first U.S. affiliate in Miami with support from the John S. and James L. Knight Foundation.
In late 2013, Miami innovators can apply to become Endeavor entrepreneurs, connecting them to a global network of volunteer mentors and advisors who can help scale their ventures, according to a news release.
The Knight Foundation is providing Endeavor with $2 million for its Miami affiliate.
“There is great momentum in Miami’s startup community, but it is still harder than it should be for entrepreneurs to build their ideas here,” said Matt Haggman, Miami program director for the Knight Foundation, in a statement. “Endeavor will address this challenge, bringing an unprecedented level of support, learning opportunities and connections for Miami’s diverse group of entrepreneurs. This is a cornerstone of our effort to make Miami more of a place where ideas are built.”
Entrepreneurs are selected to receive Endeavor assistance based on their ability to drive innovation, produce role models and maximize wealth and job creation, according to a news release.
Following selection, Endeavor entrepreneurs receive access to mentors and a volunteer advisory board of local business leaders; access to international networks from Silicon Valley to affiliate offices on five continents; interns from top business schools and professional service firms including Ernst & Young; and invitations to exclusive educational programs including a specialized course at Stanford’s Graduate School of Business.
Knight Foundation supports transformational ideas that promote quality journalism, advance media innovation, engage communities and foster the arts. We believe that democracy thrives when people and communities are informed and engaged. For more, visit www.knightfoundation.org.