The Ewing Marion Kauffman Foundation has announced grants totaling $3.8 million in support of efforts to grow eight organizations with a record of supporting entrepreneurs.
Each nonprofit will receive a grant ranging between $330,000 and $500,000 over two years as part of a foundations initiative to identify and invest in organizations that have distinguished themselves in helping entrepreneurs launch and grow their businesses. Grant recipients include the Austin Technology Incubator, which trains students at and recent graduates of the University of Texas at Austin to prepare their ventures to compete successfully in the capital markets; Idea Village, which provides support to early-stage entrepreneurs from underserved populations in New Orleans; Interise in Boston, which stimulates economic revitalization and development in lower-income communities through a certificate program that facilitates access to new markets, peer-to-peer learning, coaching, and networking; and Boston-based MassChallenge, which supports early-stage entrepreneurs with mentorship, office space, education, and other resources.
Other recipients include Seed Spot in Phoenix, which supports early-stage entrepreneurs working to develop solutions to pressing societal problems; VentureWell in Hadley, Massachusetts, which supports the development of hardware innovations and ventures that bring those products to market; Women Veterans Igniting the Spirit of Entrepreneurship in Syracuse, New York, which provides a pathway to entrepreneurship for the underserved target audience of female veterans and military wives; and Village Capital in Washington, D.C., which finds and trains entrepreneurs who are working to solve different problems in a specific sector.
"Our goal is to help the most effective programs grow so they can serve more entrepreneurs," said Kauffman Foundation president and CEO Wendy Guillies. "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."