SOURCE: Kauffman Foundation

Kauffman Foundation

February 19, 2009 09:00 ET

Kauffman Postdoctoral Fellowship Program Will Connect Research, Innovations to Entrepreneurship

Postdocs With Entrepreneurial Aspirations Can Now Apply Online

KANSAS CITY, MO--(Marketwire - February 19, 2009) - Twelve top-tier postdoctoral researchers will have the opportunity to turn their research and ideas into an entrepreneurial venture. The Ewing Marion Kauffman Foundation is now accepting applications for its new Entrepreneur Postdoctoral Fellowship program, which will train researchers with a penchant for entrepreneurship to commercialize their innovations into startup businesses.

The Kauffman Foundation is launching the Postdoctoral Fellowship program to harness the intellectual power of a dozen of the more than 48,000 postdoctoral researchers at U.S. institutions. Many of these PhDs are at the forefront of new discoveries, but few have developed the entrepreneurial skills necessary to move their innovations from the lab to the market and potentially establish the high-growth technology companies of tomorrow.

"As an essential component in our economy, scientists must be empowered with an understanding of the commercialization process and the relationship between innovation and entrepreneurship," said Lesa Mitchell, vice president of the Kauffman Foundation's Advancing Innovation initiative. "This Fellowship will propel selected researchers to advance their own innovations, which also will bring enormous benefits to society."

Applications can be submitted at www.kauffman.org/postdocs and must be completed by May 1, 2009. Applicants' Academic Advisor submissions must be received by May 15, 2009.

The 12 postdoctoral fellows will be selected in August, and the 2009-2010 program will kick off in October.

Postdoctoral participants will receive training on how to evaluate their research for marketplace potential, and they will learn the process of taking promising research forward for commercialization. Each Fellow will be matched with a business mentor who has a science background, will receive a customized internship experience and will be enrolled in intensive entrepreneurship workshops, where they will network with entrepreneurs and experts from the legal, business and financial communities. Fellows will also work with an academic advisor to understand specifically how to commercialize their innovations and research findings by starting a business.

About the Kauffman Foundation

The Ewing Marion Kauffman Foundation is a private nonpartisan foundation that works to harness the power of entrepreneurship and innovation to grow economies and improve human welfare. Through its research and other initiatives, the Kauffman Foundation aims to open young people's eyes to the possibility of entrepreneurship, promote entrepreneurship education, raise awareness of entrepreneurship-friendly policies, and find alternative pathways for the commercialization of new knowledge and technologies. It also works to prepare students to be innovators, entrepreneurs and skilled workers in the 21st century economy through initiatives designed to improve learning in math, engineering, science and technology. Founded by late entrepreneur and philanthropist Ewing Marion Kauffman, the Foundation is based in Kansas City, Mo. and has approximately $2 billion in assets.

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