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Kauffman Foundation Recognises Eight Organisation As Its Grant Recipients


Kauffman Foundation releases the names of eight selected organisations that will receive the grant for their significant work in helping entrepreneurs.

Kauffman Foundation Recognises Eight Organisation As Its Grant Recipients
Dailycsr.com – 30 October 2015 – In an announcement the “Ewing Marion Kauffman Foundation” informed that it has put given out a sum of “$3.8 million” to “eight organisations” that have built an “exceptional track record” with their supportive work towards entrepreneurs. The amount donated by Kauffman Foundation will be utilised in expanding the eight organisations.
As per BusinessWire, over a period of two years, the non-profit organisation will receive grants that will range between “$330,000 to $500,000”. This donation comes under “Kauffman Foundation's initiative to identify and invest in organizations” that managed to distinguish themselves by lending a helping hand to entrepreneur attempting to launch themselves or looking for scopes to expands their business opportunities. Kauffman Foundation’s president and the chief execute officer, Wendy Guillies stated:
“Our goal is to help the most effective programs grow so they can serve more entrepreneurs. We also want to develop a better understanding of what makes such programs effective so that other organizations can replicate their strategies and contribute to greater entrepreneurial success.”
The recipients of the grants were picked after scrutinising over three hundred proposals that came from the “leading entrepreneurship programme” located in the forty seven states. The select eight come from various sectors and deal with various “demographic groups” which ranges from “high-tech” ones to “low-income individuals and groups”. The eight recipient organisations listed by BusinessWire are:
  • Austin Technology Incubator, Austin, Texas. “This startup incubator at the University of Texas at Austin trains students and recent graduates to prepare their ventures to compete successfully in the capital markets”.
  • Idea Village, New Orleans, Louisiana. “Targeting under-served populations in New Orleans, Idea Village offers support to early-stage entrepreneurs. The program includes training, mentoring, peer-to-peer learning, coaching from investment professionals and access to pro bono lawyers, bankers and other experts”.
  • Interise, Boston, Massachusetts. “Interise stimulates economic revitalization in lower-income communities through its StreetWise™ MBA program, a 27-week certificate program that facilitates access to new markets, capital and knowledge through education, peer-to-peer learning, coaching and networking”.
  • MassChallenge, Boston, Massachusetts. “One of the world’s largest startup accelerators, MassChallenge supports high-impact, early-stage entrepreneurs with mentorship, office space, education, access to a vast network and other resources during four months of acceleration”.
  • Seed Spot, Phoenix, Arizona. “This organization supports early-stage entrepreneurs that are developing solutions to solve important societal problems. It uses a proprietary curriculum that emphasizes social impact and uses experts to teach core strategies that bring a venture to life”.
  • VentureWell, Hadley, Massachusetts. “VentureWell developed the Accelerating Startup Partnerships and Investment Readiness (ASPIRE) program to focus on manufactured products. The organization supports the development of hardware innovations and ventures that bring those products to market”.
  • Veteran Women Igniting the Spirit of Entrepreneurship, New York. “V-WISE provides a pathway into entrepreneurship for the under-served target audience of female veterans and military wives. It is led by the Institute for Veterans and Military Families at Syracuse University”.
  • Village Capital, Washington, D.C. “Village Capital finds and trains entrepreneurs who are working to solve different problems in a specific sector. The peers mentor one another and choose which among them will be funded”.
The said recipients were judged on the basis of how helpful they have been in helping the entrepreneurs in the areas mentioned below:
“...developing business models, obtaining funding and building management teams”.