Entrepreneur accelerator created 4,500 jobs in SA over two years - Alison Collier

There are many people with good or even genius ideas, but to transform that idea into a successful venture takes more than a couple of scribbles on a napkin. Even if one has built a prototype spaceship in their back yard, there's no guarantee that it will turn into a successful business. Only two of every ten venture capital firms turn into star companies. Most entrepreneurs battled in the early years to commercialise their ideas and to find financial backers. And this is where the entrepreneur incubator, Endeavour comes in, to help entrepreneurs turn their Big Ideas into viable businesses, which can also help to transform economies around the world. Endeavour Global was started in 1997 in the US and its South African branch was established in 2004. Managing Director Alison Collier spoke to Biznews editor-in-chief Alec Hogg. - Linda van Tilburg