Kauffman grant to the Uncommon Individual Foundation will help replicate successful mentoring program
Since 2002, the MIT Venture Mentor Service program has been helping seasoned entrepreneurs-turned-mentors work with MIT alumni and faculty to spin out new businesses.
The Kauffman Foundation and the Uncommon Individual Foundation (UIF) have joined forces to build systems and support models to replicate MIT’s mentoring program in other cities. UIF assists entrepreneurs in identifying individual and organizational venture projects with a potential for success and has experience in developing technology infrastructure for replicating such a program.
"The strength of MIT's mentoring program is in its access to mentors, so replicating the program requires attracting top-quality serial entrepreneurs to expedite the growth of early stage technology companies," says Richard Caruso, UIF founder. "With the right infrastructure in place, we now export the MIT model to help more entrepreneurs in more cities get their businesses off to a strong start."
For more information about the UIF, visit www.uif.org