At Endeavor’s 86th International Selection Panel (ISP) held in Cairo, Egypt, two high-impact Lebanese entrepreneurs were selected to join the global Endeavor network. Proximie, the innovative medical telehealth platform, and FOO, a growing B2B Fintech provider, were among the 12 new companies chosen in Cairo to join Endeavor’s network and receive local and international support.
Before becoming Endeavor Entrepreneurs, Proximie’s Co-founder and CEO Dr. Nadine Hachach-Haram, and FOO’s Co-founder and Managing Partner Elie Nasr, underwent a rigorous multi-step selection process. Once they were selected in Beirut at the Local Selection Panel, they joined the three-day ISP in Cairo where they were interviewed by industry professionals who assessed their potential impact on the local and global scale. A unanimous vote determined their Endeavor-readiness. The entrepreneurs received constructive feedback from experts, as well as networking and investment opportunities.
Endeavor Lebanon continues to look for ambitious, high-impact entrepreneurs with leadership potential to grow, create jobs and accelerate the country’s economic growth.
An overview of the two Lebanese companies chosen:
Entrepreneur: Elie Nasr
Company: FOO
Industry: Fintech
Mission: To become the go-to FinTech provider of digital wallets and payment technologies in MENA.
Description: 86% of adults in the Middle East are categorized as unbanked, yet, the region enjoys a 65% penetration rate. The founders of FOO identified an opportunity to innovate in the FinTech market. FOO is a B2B FinTech provider, enabling banks and startups to process their end customers’ peer-to-peer payments, overseas remittance payments, bill payments and loan applications. FOO also provides an online digital banking platform for any financial institution seeking digitization.
Read more on FOO
Entrepreneur: Dr. Nadine Hachach-Haram
Company: Proximie
Industry: Digital Health
Mission: To create a global surgical community where practitioners can crowdsource knowledge to serve patients better.
Description: Proximie is a telehealth platform for medical professionals, hospitals, universities, and surgical associations to share information through publications and live streams of surgeries. The medical associations and medical schools then purchase the platform through a SaaS, per-user, subscription model for surgical guidance, continued learning, sharing of best practices, and enhancing the surgical training experience for students and doctors alike. Proximie also sells its license to medical device companies that wish to train their customers on how to use the devices. Rather than conducting on-site training, the hospitals purchase the platform as part of the medical device training package to virtually train the end-user on using the device.
Read more on Proximie
Endeavor Entrepreneurs have a significant track record of impact, creating 1.5 million jobs, generating more than USD15 billion in revenues in 2018, and have helped build sustainable growth models in their home countries.
About Endeavor
Established in 1997, Endeavor is leading the global high-impact entrepreneurship movement and promoting economic growth and job creation by selecting, mentoring, and accelerating the best high-impact entrepreneurs around the world. To date, Endeavor has screened more than 70,000 entrepreneurs and selected more than 1,700 individuals leading over 1,100 high-growth companies.
With support from Endeavor’s worldwide mentor network, these high-impact entrepreneurs:
- Have created 1.5 million jobs
- Generated $15+ billion in revenues in 2018
- Inspire future generations to innovate and take risks
Headquartered in New York City, Endeavor currently operates in 33 markets throughout Europe, Latin America, North America, Africa, Asia and the Middle East. Lebanon is Endeavor’s eleventh country and fourth in the MENA region. Since its launch in 2011, the Endeavor Lebanon office has selected 39 high-impact entrepreneurs from 31 companies. Since selection, these entrepreneurs have received access to global mentors, decision makers and best-of-kind support programs.