The Ewing Marion Kauffman Foundation will award a three-year challenge grant worth up to $1.435 million to Pipeline, an organization that works to groom entrepreneurs for building high-growth companies, the Kauffman Foundation announced today in a press release.
Pipeline, based in Kansas City, Kan., was founded in 2006. Each year, it selects 10 to 12 entrepreneurs for its yearlong fellowship, which focuses on mentorship, education and expanding entrepreneurs’ networks. The program started in Kansas, but it was able to expand to Missouri and Nebraska with the help of an $800,000 challenge grant from the Kansas City-based Kauffman Foundation three years ago.
The grant money from Kauffman will be matched, dollar-for-dollar, by private sector donors.
“This grant comes at an extremely pivotal time in Pipeline’s history,” said Joni Cobb, Pipeline’s president and CEO. “To now be able to put real muscle into the support we give our long-term members is the day we have all been waiting for. We can’t wait to get to work and find partners who are as excited as we are to play a part in our growth.”