CHARLOTTESVILLE, Va., Nov. 4, 2015 /PRNewswire-USNewswire/ -- The University of Virginia Darden School of Business Batten Institute for Entrepreneurship and Innovation today celebrates and honors the memory of the first director of the W.L. Lyons Brown III i.Lab Incubator program, Kathryne (Kathy) Carr, by announcing the Kathryne Carr Award for Entrepreneurial Excellence. The award will recognize and reward the i.Lab Incubator founder or founders who best represent the values, strength and determination embodied in Kathy's incomparable approach to creating and growing new ventures.
The award was officially introduced during a special announcement by W.L. Lyons Brown III (MBA '87) at the Batten Institute's 15th Anniversary celebration at the i.Lab on 4 November.
Throughout her career, Kathy applied her natural ability to envision how the collaborative sum of talent and ideas can improve the success of all entrepreneurs. She provided this insight with great humor and optimism. Her guidance was underscored by pragmatism and real-world experience of measurable impact to the i.Lab community, as well as innumerable other founders across the globe whose ventures she helped build over the course of her lifetime.
"The i.Lab Incubator required an exceptional leader to unlock the enormous potential of the program, and we found that leader in Kathy Carr," said W.L. Lyons Brown III (MBA '87), founder of Altamar Brands. "Kathy gave selflessly of her spirit and experience, held a high expectation of integrity, and shared her boundless faith in those who innovate. Darden established this award to carry on the work she began, and to recognize the impact of an extraordinary leader in the UVA and broader entrepreneurial community."
The primary objectives of The Kathryne Carr Award for Entrepreneurial Excellence are to inspire excellence and to encourage the creation of new i.Lab ventures. The goal is to provide an incentive and an encouragement to "carry on" as per Kathy's example. This endowed award will be considered annually and will grant no less than $25,000 to the chosen recipients in its inaugural year, and it shall not exceed $100,000 in any given year thereafter. It will be awarded for the first time in 2016. More information on the award is available here.
"Kathy spent her final years in service to her family, which included her Darden i.Lab family," said Philippe Sommer, director of the i.Lab and the Center for Entrepreneurial Leadership at the Darden School of Business. "Though we lost a great colleague and friend, Kathy set the bar for the type of program the School wanted to establish, a program characterized by the highest degree of integrity, an unapologetic pursuit of excellence and a ton of moxie. We are incredibly grateful for the example Kathy provided, and we are pleased to join with her family to celebrate her legacy today and in the years ahead."
About the University of Virginia Darden School of Business
The University of Virginia Darden School of Business delivers the world's best business education experience to prepare entrepreneurial, global and responsible leaders through its MBA, Ph.D. and Executive Education programs. Darden's top-ranked faculty is renowned for teaching excellence and advances practical business knowledge through research. Darden was established in 1955 at the University of Virginia, a top public university founded by Thomas Jefferson in 1819 in Charlottesville, Virginia.
About the Batten Institute
The Batten Institute at the Darden School of Business improves the world through entrepreneurship and innovation. The institute's academic research center advances knowledge that addresses real-world challenges and shapes Darden's curriculum, and the Center for Entrepreneurial Leadership offers one of the world's top entrepreneurship programs. The Batten Institute was established with gifts now totaling over $100 million from U.Va. alumnus Frank Batten Sr., a media pioneer, visionary and founder of The Weather Channel.
SOURCE University of Virginia Darden School Foundation