Stanford Professor Wins Kauffman Prize Medal for Entrepreneurship

Nicholas Bloom, professor of economics at Stanford University, was awarded the Kauffman Prize Medal for Distinguished Research in Entrepreneurship for his exploration of management practices, firm organization, innovation and technology and uncertainty.

The Kauffman Foundation presented the award, which is awarded annually to recognize scholars under the age of 40 whose for his or her contribution to entrepreneurship research, at the Allied Social Science Associations' annual meeting in Philadelphia on January 4. The award carries a $50,000 prize.

"Professor Bloom has made great contributions to our understanding of the performance of entrepreneurial firms," said Robert J. Strom, director of research and policy at the Foundation. "His work has focused on measuring and explaining those practices that relate to firm success and the dynamics of the entry and exit of entrepreneurial firms."

Bloom also is co-director of the Productivity, Innovation and Entrepreneurship program at the National Bureau of Economic Research. He is a Fellow of the American Academy of Arts and Sciences, and the recipient of an Alfred Sloan Fellowship, a National Science Foundation Career Award, the Bernacer Prize and the Frisch Medal.

As a tribute to Ewing Marion Kauffman and his entrepreneurial work, the Kauffman Foundation established the Ewing Marion Kauffman Prize Medal for Distinguished Research in Entrepreneurship in 2005 to inspire young scholars to contribute new insight into the field of entrepreneurship.

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