Lacey Graverson, Kauffman Foundation, 816-932-1116, email@example.com
Marc Nager, Startup Weekend, 206-661-0419, firstname.lastname@example.org
Grant to expand organization's successful model
(KANSAS CITY, Mo.) Sept. 29, 2010—The Ewing Marion Kauffman Foundation today announced a grant to Startup Weekend, a nonprofit organization focused on educating entrepreneurs through community building, innovation and education. The Kauffman grant supports the development and expansion of the Startup Weekend platform, which hosts 54-hour events that educate aspiring entrepreneurs by immersing them in the process of moving an idea to market.
To date, Startup Weekend has helped educate more than 17,000 entrepreneurs at over 120 events worldwide, and has facilitated the launch of over 560 new startup ventures around the globe. Startup Weekend is a signature event during Global Entrepreneurship Week, Nov. 15-21, 2010, a Kauffman Foundation-founded initiative that annually introduces millions of young people around the world to entrepreneurship.
"Startup Weekend educates, inspires and accelerates entrepreneurs," said Bo Fishback, vice president of entrepreneurship at the Kauffman Foundation. "These events give entrepreneurs the motivation and networking they need to take the next step in creating a successful startup."
Startup Weekend will allocate Kauffman Foundation grant money to invest in the infrastructure, systems and processes that will make the organization more efficient and better positioned to scale once new cities, domestic and international, are added to the network. Attention will be given to researching the science behind the proven success of the model in an effort to further improve the entrepreneurial ecosystem.
The grant will allow Startup Weekend to educate thousands more entrepreneurs who will, in turn, launch more startups. Additional resources will allow Startup Weekend to develop relationships and programs designed to increase the resources and support available to entrepreneurs both before and after weekend events.
"We are honored to be working with the Kauffman Foundation," said Marc Nager, director, Startup Weekend. "This partnership will allow us to harness the potential of our dream and passion that has become Startup Weekend. We hope to become one of their most well-known and high-impact partnerships in the early stage startup ecosystem."
About Startup Weekend
A non-profit organization based out of Seattle, Wash., Startup Weekend's primary mission is to provide unparalleled experiential education opportunities for aspiring entrepreneurs around the globe. Its model is event-based, community-focused, interactive and results-driven entrepreneurial development. As a result, Startup Weekend has become one of the leading catalysts for startup creation and entrepreneurship education in startup ecosystems around the world. Startup Weekend is currently represented in over 100 cities in more than 25 countries.