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Kauffman Starts Competition to Find 50 Most Promising Startups

Kaufmann Foundation is accepting applicants for its second annual Startup Open competition at Global Entrepreneur Week. Last year's winner received networking sessions with Richard Branson on his private Necker Island.

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Winner of last year's Startup Open received networking sessions with Richard Branson on Necker Island.The Kauffman Foundation is launching its search of the world's most promising new companies for its second annual Startup Open competition. The competition, which pins startups with high-growth potential against each other, is a featured event of Global Entrepreneurship Week, Nov. 14-20.

The search for the 50 most promising new companies is a global expedition spearheaded by the Kauffman Foundation, which founded Global Entrepreneurs Week and sponsors several initiatives to propel new companies from their "startup moment" to great growth and global recognition. The GEW 50 will be announced on Oct. 15, then continue on to compete for top honors and prizes.

Global Entrepreneurship Week will take place around the nation and in more than 100 countries, where nearly 20 million people will participate in activities to promote investment, collaboration and mentoring opportunities. "Economic growth and job creation is directly tied to young businesses with the potential to become part of tomorrow's Fortune 500, so recognizing and rewarding those most promising startups on the path to success may inspire others to follow their examples," said Carl Schramm, president and CEO of the Kauffman Foundation.

Last year's Startup Open winner, Olivier Ceberio, founder of Resolute Marine Energy, received a trip to Necker Island, the private resort and island of AOL Board of Directors member Richard Branson, where he engaged in networking sessions with Branson and even raced him around the island in a sailboat.

This year's potential contestants have until Sept. 15 to enter their "startup moment" into the competition. Applicants can register here.

Tags: Global Entrepreneurship Week, Kaufmann Foundation, News, Olivier Ceberio, Resolute Marine Energy, Richard Branson

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