Northwestern University professor Scott Stern has been awarded a prize for his “distinguished research in entrepreneurship” by the Kauffman Foundation. The foundation awards $50,000 every other year to a scholar under age 40 who has done research on entrepreneurship.
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Stern is an associate professor of management and strategy at Northwestern’s Kellogg School of Management. He did research into the “idea marketplace,” which will help firms develop new approaches to transforming their intellectual property into market offerings.
“My research concentrates on how technology entrepreneurs confront the challenges associated with turning an `idea’ into a competitive advantage,” Stern said. “Technology entrepreneurship thrives when start-up innovators are able to simultaneously protect their ideas and create a foundation for future innovation.”