SINGAPORE \u2013 AI start-up founder Lenard Tan needed additional resources and guidance when he was thinking of expanding his business to the US this year.<\/p>\n
His Singapore-based software company Ailytics, which was founded in 2021 and develops AI models to enhance existing security camera infrastructure, was already in more than 10 countries.<\/p>\n
Tan had mostly relied on a clutch of founders and contacts to establish his company\u2019s presence overseas, with most of its markets in Asia.<\/p>\n
But expanding to the US, one of the largest markets in the world, was a whole different ball game. Tan needed people who understood the landscape well and could point him to the right contacts for business opportunities.<\/p>\n
Fortunately, Tan could lean on members of the Endeavor global network of entrepreneurs.<\/p>\n
Referrals from these founders opened many doors in a short span of time, which would not have been possible if he had tried to navigate the US landscape on his own, he said.<\/p>\n
Tan likened Endeavor to Silicon Valley start-up accelerator Y Combinator, saying referrals from its members gave his US expansion plans credibility and made industry players there more willing to help.<\/p>\n
Founders in the network also answered many of his questions about their experience growing their own companies. \u201cIt felt more like an active network rather than a passive one. The willingness to help one another felt innate in the ecosystem,\u201d Tan said. He added it was the first network he joined where he felt founders were truly authentic and honest with one another in a safe community.<\/p>\n
Endeavor was co-founded in 1997 by American entrepreneur Linda Rottenberg and the late American investor-philanthropist Peter Kellner. The non-profit organisation aims to help high-growth scale-ups based in markets overlooked by venture capital, outside of Silicon Valley and China, scale their businesses beyond their home countries and to establish thriving entrepreneurial ecosystems in places where talent is abundant but access is not.<\/p>\n
Endeavor\u2019s fifth global hub was launched in Singapore on July 22. The other global hubs are in London, New York, San Francisco and Dubai.<\/p>\n
Founders like Tan will be able to tap Endeavor\u2019s network of over 3,000 entrepreneurs across more than 50 countries for mentorship, strategic introductions and growth opportunities to scale their businesses beyond Singapore.<\/p>\n
Programmes and platforms focused on fund raising and investor access will provide members with tailored support as their companies grow, while industry-specific engagements will provide market insights and sectoral expertise.<\/p>\n
Companies in the network generate over US$100 billion (S$129 billion) in annual revenue collectively and employ over four million people. Members include the leaders behind unicorn companies such as fintech and payments firm Revolut, AI text-to-speech software developer ElevenLabs and Indonesian e-commerce company Bukalapak.<\/p>\n
These successful entrepreneurs can also go on to serve as role models to founders, especially in places with few entrepreneurs or where oligopolistic families dominate, said Endeavor board chairman Edgar Bronfman Jr in an interview with The Straits Times.<\/p>\n
A key differentiator of Endeavor compared with other entrepreneur networks is its focus on founders paying it forward. As they receive guidance from Endeavor\u2019s network, they are also encouraged to mentor and invest in the next generation of entrepreneurs, creating what it terms a \u201cmultiplier effect\u201d.<\/p>\n
The network is highly exclusive due to its rigorous selection criteria. An international selection panel of business experts evaluates applicants, who are admitted only if they receive a unanimous vote. Only 1 to 2 per cent of those who apply to join the network are selected.<\/p>\n
Before the global hub in Singapore, Endeavor had a presence here with around 40 entrepreneurs.<\/p>\n
Singapore-based entrepreneurs who have already\u00a0benefited\u00a0from the network include Peter De Caluwe, founder of cross-border payments company Thunes, who joined in 2021, and Shopback\u2019s co-founder Henry Chan, who joined Endeavor in February 2026.<\/p>\n
The ambition to scale is a\u00a0prerequisite\u00a0for any company that wishes to join the network, said Bronfman Jr, who was chief executive of Warner Music Group from 2004 to 2011 and its chairman from 2011 to 2012. Rather than focusing on early-stage start-ups, the organisation prioritises companies with a proven product-market fit and that have reached an inflection point for significant scaling.<\/p>\n
\u201cWe look at the quality of the entrepreneur and the business, as well as the timing of the ambition to scale. When we get involved, we want to be able to help that entrepreneur scale the company multiple times from there,\u201d he said.<\/p>\n
Ailytics was one of eight companies selected for the global hub\u2019s inaugural cohort of its Dare to Scale programme, which will begin in August. The other companies span a diverse range of sectors including fintech, agrifood and enterprise software.<\/p>\n
Endeavor will also roll out other flagship programmes like Unicorn Builder, which helps high-growth companies scale into billion-dollar global companies through mentorship, networking and fundraising support.<\/p>\n
Another is Endeavor Next, an invitation-based community meant to support serial entrepreneurs and repeat founders who are building their next global venture from Singapore.<\/p>\n
Singapore was chosen for Endeavor\u2019s fifth global hub as it is regarded as \u201cthe capital of South-east Asia\u201d, and its pro-business policies attract entrepreneurs from all over the world to do business in the region, said Bronfman Jr.<\/p>\n
He said the global network will be appealing to founders not just from Singapore but also South-east Asia looking to set up base in the Republic and expand further. \u201cWe want to be able to introduce them to people, companies, markets and opportunities, and Singapore was the obvious place to set up this hub to serve our entrepreneurs and help them find whatever they are looking for in Asia.\u201d<\/p>\n
The hub, which does not have a physical space yet, was launched in partnership with the Economic Development Board (EDB) and Enterprise Singapore. The latter will play a role in recommending suitable start-ups to join the network, as it did with Ailytics.<\/p>\n
Speaking at Endeavor\u2019s launch event held at Jewel, outgoing Minister of State for Trade and Industry Alvin Tan, who will be assuming a new post at the Ministry of Foreign Affairs, said Endeavor and Singapore will also collaborate \u201cin a really elegant way\u201d to build a strong ecosystem for start-ups.<\/p>\n
Tiger Fang, chief executive of Indonesian logistics company Kargo Technologies, said Singapore was the natural choice for his business\u2019 expansion because of its stable economy and political environment, and because many banks and multinational companies have their regional headquarters here.<\/p>\n
Since being selected as Endeavor Entrepreneur in 2021, Fang said it had already been very helpful in connecting him to the biggest vehicle leasing operators and logistics-focused funds to help expand his electric truck fleet in Singapore.<\/p>\n
Enterprise Singapore\u2019s executive director Sophia Ng told ST that the partnership with Endeavor took less than a year to formalise, and both the network and the Government were aligned on their values and how they envisioned the start-up landscape to grow.<\/p>\n
\u201cThe ability to help a start-up go overseas and tell them that you have their back along their journey \u2013 that is very powerful.\u201d<\/p>\n
Correction note: In an earlier version of the story, we said that Singapore was Endeavor\u2019s fourth global hub, and that Tiger Fang was recently accepted into the Endeavor network. These have been corrected.<\/p>\n","protected":false},"excerpt":{"rendered":"SINGAPORE \u2013 AI start-up founder Lenard Tan needed additional resources and guidance when he was thinking of expanding…\n","protected":false},"author":2,"featured_media":541793,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[138,336,111,139,69],"class_list":["post-541792","post","type-post","status-publish","format-standard","has-post-thumbnail","category-entrepreneurship","tag-business","tag-entrepreneurship","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/541792","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=541792"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/541792\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/541793"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=541792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=541792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=541792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}