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Wake Forest researcher wins international award


January 25, 2007

Betsy Gatewood, director of Wake Forest University’s Office of Entrepreneurship and Liberal Arts, and four research partners, are winners of the 2007 FSF-NUTEK Award, a prestigious international award given annually in recognition of outstanding entrepreneurship and small business research.

Award sponsors NUTEK, the Swedish Business Development Agency, and FSF, the Swedish Foundation for Small Business Research, made the announcement Jan. 25. Gatewood and her colleagues will receive and share the $50,000 award May 21 during a ceremony in Stockholm, Sweden.

In 1999, Gatewood and her research colleagues founded the Diana Project, a research group dedicated to the study of women entrepreneurs and their businesses.

The other members of the Diana Project are Candida Brush, entrepreneurship division chair and Paul T. Babson Chair in Entrepreneurship at Babson College; Nancy Carter, Richard M. Schulze Chair of Entrepreneurship at the University of St. Thomas and vice president of research at Catalyst, Inc.; Patricia Greene, Babson College provost; and Myra Hart, professor of management practice at Harvard Business School and visiting scholar for the Center for Women’s Leadership at Babson.

NUTEK and FSF cite Brush, Carter, Gatewood, Greene and Hart for making significant contributions to entrepreneurship and small business research as individuals and as partners of the Diana Project.  According to a joint statement issued by members of the Diana Project, policy makers, practitioners, investors and educators have used Diana Project findings to develop programs and initiatives that have enhanced women entrepreneurs’ access to and attainment of growth capital.  The project is funded by the Ewing Marion Kauffman Foundation, the U.S. Small Business Administration and the U.S. National Women’s Business Counsel.

In order to enhance the impact of its research, the Diana Project team partnered with the Entrepreneurship and Small Business Research Institute, Sweden (ESBRI), to organize international gatherings of scholars to develop a global plan for the advancement of women’s entrepreneurship.  During the last three years, more than 35 researchers from 20 countries have met to present research to help establish and implement policy, training and resources that help improve the practice of women entrepreneurs.

In addition to the cash award, members of the Diana Project will receive a miniature copy of “The Hand of God,” a sculpture by the late Swedish sculptor Carl Milles.

Press Contacts:

Maggie Barrett
(336) 758-5237


Kevin Cox
(336) 758-5237


Dr. Elizabeth Gatewood, Director of the Wake Forest Office of Entrepreneurship and the Liberal Arts, and a Research Professor in the Wayne Calloway School of Business and Accountancy.
Dr. Elizabeth Gatewood, Director of the Wake Forest Office of Entrepreneurship and the Liberal Arts, and a Research Professor in the Wayne Calloway School of Business and Accountancy.
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