SOURCE: Ewing Marion Kauffman Foundation

Ewing Marion Kauffman Foundation

November 30, 2010 16:31 ET

Kauffman Labs for Enterprise Creation Launches Challenge to Illuminate Breakthrough Ideas From Female Scientists and Engineers

Competition Intends to Encourage a Growing Number of Highly Educated Women to Consider Starting Scalable Companies

KANSAS CITY, MO--(Marketwire - November 30, 2010) - Kauffman Labs for Enterprise Creation is looking for women scientists and engineers in the United States who have ideas that could change the world. To tap a growing pool of these highly educated women who have the potential to start scalable science- and engineering-related ventures, Kauffman Labs today launched its first Women in Science and Engineering Business Idea Competition, inviting them to share their visionary ideas for the chance to win an all-expenses-paid trip to TED 2011. TED is an annual conference that brings together the world's most fascinating thinkers and doers for conversation, learning and inspiration.

"We know that more women than ever are leading U.S. businesses and hold a nearly three-to-one majority in undergraduate and graduate education, but too few pursue the path of high-growth entrepreneurship," said Lesa Mitchell, vice president, Kauffman Foundation. "The Women in Science and Engineering Business Idea Competition is designed to illuminate world-changing concepts that have significant commercialization potential, and to escalate their visibility so that more female scientists and engineers are encouraged to pursue their entrepreneurial ideas."

The competition, hosted by Kauffman Labs and sponsored by Kauffman FastTrac and Astia, seeks entries from U.S.-based female scientists and engineers. A distinguished panel will judge the submitted ideas, which can range from very early stage to more-developed, based on their potential to transform an industry and significantly impact lives.

Competition entrants each must complete an application, which includes submitting a video, at http://kauffmanbusinessideapitch2011.istart.org/. Entries are due by Jan. 15, 2011, and winners will be announced in early February.

About Kauffman Labs for Enterprise Creation

Part school and part business accelerator, Kauffman Labs for Enterprise Creation is a new approach to developing the next generation of high-growth firms. Tapping the Kauffman Foundation's vast entrepreneurship knowledge and networks, the program seeks to accelerate the number and success of new firms by offering a new method for teaching and training entrepreneurs of dynamic, fast-growth, scalable businesses in a lab setting, while studying the "science of startups" in the process. For more information, visit www.kauffmanlabs.org.

About Kauffman FastTrac®

Kauffman FastTrac is the leading provider of learning curricula that equip aspiring and existing entrepreneurs with the business skills and insights, tools, resources and network to start and grow successful businesses. Kauffman FastTrac was created by the Ewing Marion Kauffman Foundation, the largest foundation in the United States devoted to entrepreneurship. For more information about Kauffman FastTrac, visit www.fasttrac.org.

About Astia

Astia is a global not-for-profit organization built on a community with a distinct focus and mission -- to propel women's full participation as entrepreneurs and leaders in high-growth businesses, fueling innovation and driving economic growth. Guided by a proven philosophy that gender diversity is an essential element of innovation, Astia works with start-ups around the world as they access capital, grow their businesses, and hone the leadership skills of their founding teams.

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