Monday, September 13, 2010

An Opportunity for Scientific and Medical Innovators to Turn New Ideas into New Companies

An Opportunity for Scientific and Medical Innovators to Turn New Ideas into New Companies

The Kauffman Foundation will select four elite technology inventors (MDs and PhDs are preferred) who hold high potential for creating jobs and advancing medical care as entrepreneurs. The individuals selected as Kauffman Entrepreneur Fellows will be paired with leading venture creation companies specializing in technology, science, and medicine, with the goal of grooming the Fellows to become founders of new, profitable companies by taking their ideas to market.

As a program of Kauffman Laboratories for Enterprise Creation, the Entrepreneur Fellows initiative is targeted at potential "scale entrepreneurs"—those with new technologies or business ideas that can generate high-growth, breakthrough companies.

Individuals who will receive strong consideration for the Fellowship must have a truly scalable, potentially breakthrough concept, as well as the desire, drive, and motivation to become a successful entrepreneur.

As the Foundation of Entrepreneurship, the Ewing Marion Kauffman Foundation has developed the Entrepreneur Fellows program. The program helps the nation's leading researchers and entrepreneurial-minded medical doctors turn their ideas into thriving businesses. The new initiative also will enable the Foundation to better understand the dynamics of the "science of startups."

Learn more about the Kauffman Entrepreneur Fellows Program here:

The Kauffman Foundation is partnering with the following venture creation companies as part of the Entrepreneur Fellows program:

ExploraMed, founded in 1995, is a venture-backed medical technology incubation company dedicated to the identification, creation, and development of new medical device businesses. ExploraMed provides expertise, intellectual property, and capital to new ideas that match certain key fundamental criteria and focuses on developing these opportunities in an efficient and timely manner. Partnered with New Enterprise Associates and several key business and clinical leaders from the medical technology industry, ExploraMed has the capability to leverage substantial financial and intellectual resources to accelerate the creation and establishment of new medical technologies, procedures, and companies. Visit for more information.

The Foundry is the premier medical device incubator, transforming early concepts into more than a dozen new companies in the past ten years. Led by a highly experienced team of technical and senior executives who have created medical device businesses generating more than $2.5 billion of value for their founders and investors, The Foundry is a full-capability incubator with resources spanning all functional areas and a fully equipped medical device development facility. For more information, visit

PureTech Ventures is a Boston-based venture creation firm specializing in translating breakthrough research from top-tier academic institutions into therapies that will impact human health. PureTech's Senior Partners include entrepreneurs and leaders from the top echelon of pharma, biotech, and academia including Dr. Ronald Cape (founder, Cetus), Dr. Robert Langer (renowned MIT professor), Dr. Frank Douglas (former chief scientific officer, Aventis), Dr. Bennett Shapiro (former EVP Worldwide Basic and External Research, Merck), Dr. John Zabriskie (former CEO Pharmacia & Upjohn), and Ms. Daphne Zohar (founder and managing partner of PureTech Ventures, Serial Entrepreneur). Visit for more information.

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