The Kauffman Foundation has launched a $10 million, five-year program to support research by leading legal and economic scholars on how best to shape the U.S. legal system so that it promotes innovation and growth.
KANSAS CITY, Mo.--(BUSINESS WIRE)--Continued economic growth spurred by innovation is essential to improve living standards. Growth, in turn, does not just happen — it must be supported by legal institutions and policies that reward entrepreneurial risk-taking and innovation.
Toward this end, the Kauffman Foundation has launched a $10 million, five-year program to support research by leading legal and economic scholars on how best to shape the U.S. legal system so that it promotes innovation and growth. The program builds on several decades of “law and economics” scholarship.
“We want our nation’s top legal scholars to devote their talents, experience and energy to furthering our understanding of how the legal system can best foster innovation and growth, both to aid policymakers and judges, and to help educate the next generation of lawyers,” said Robert E. Litan, vice president of Research and Policy at the Kauffman Foundation.
Kauffman’s “Law, Innovation and Growth” initiative will support wide-ranging legal research; legal fellowships for new faculty; and seminars at multiple law schools. The initiative includes:
About the Kauffman Foundation
The Ewing Marion Kauffman Foundation is a private nonpartisan foundation that works to harness the power of entrepreneurship and innovation to grow economies and improve human welfare. Through its research and other initiatives, the Kauffman Foundation aims to open young people's eyes to the possibility of entrepreneurship, promote entrepreneurship education, raise awareness of entrepreneurship-friendly policies, and find alternative pathways for the commercialization of new knowledge and technologies. It also works to prepare students to be innovators, entrepreneurs and skilled workers in the 21st century economy through initiatives designed to improve learning in math, engineering, science and technology. Founded by late entrepreneur and philanthropist Ewing Marion Kauffman, the Foundation is based in Kansas City, Mo. and has approximately $2 billion in assets. More information is available at www.kauffman.org.
