August 6, 2010
The Kauffman Foundation recently launched Kauffman Labs, a new program aimed at helping to seed fund and mentor business founders with the goal of putting them on the fast track to startup success. The first phase of the program is searching for aspiring entrepreneurs looking to start a high-growth, scalable education business.
I recently spoke with Bo Fishback, vice president for Entrepreneurship at Kauffman Foundation – he was very excited about the program and hopes to really help entrepreneurs. He also had this to say:
“This program is the opportunity of a lifetime for high-potential entrepreneurs who don’t have the resources to quit their day jobs and take the leap of faith to start their businesses – businesses that they think will grow fast and transform education in a powerful way.”
Part school and part business accelerator, the Education Ventures Program will assist founders with the time, resources and skills to take their ideas from thought to implementation.
Selected founders will receive six months of mentoring and training on every aspect of running a business to bring their ideas to market and competitive compensation to focus full-time on their ventures. The program will mentor the founders by helping them to establish a brand, develop negotiation and presentation skills, go to scale, build financial models, validate the market, perform customer diligence, find funding, build a management team and develop a board of directors.
This sounds like a pretty amazing program and we are excited to share the news of it with you. The application deadline is September 20, 2010 and you can apply here.
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