The Ewing Marion Kauffman Foundation is beefing up its training for entrepreneurs.
The well-known foundation for entrepreneurship has received a $600,000 gift from a foundation formed by Arthur Ciocca, the founder of Wine Inc. It will use that gift to boost its Kauffman Labs for Enterprise Creation initiative. Kauffman will be able to double the number of participants in the program, the Kansas City Business Journal reports.
The business journal reports:
The program grooms would-be entrepreneurs who have the potential to create billion-dollar companies. Participants were chosen through a competitive recruitment process in the fall; they start the intensive training and mentoring program in February.
Last month, Kauffman released a white paper that established a link between the creation of billion-dollar companies with the pace of expansion of the U.S. gross domestic product.
