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”. 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:
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”.
References:
www.businesswire.com