Despite the passion and good ideas of their founders, many new businesses fail within the first few years. Often that’s because, despite their zeal, entrepreneurs lack the knowledge, tools, and financing required for successfully starting and running a business. Early next year, entrepreneurs in North Mississippi will be able to participate in a program that will dramatically increase their chances for success: the Kauffman Foundation’s FastTrac® NewVenture™ program. This program will begin in January 2011 at the Renasant Center for IDEAs, the Tupelo/Lee County Regional Business Incubator. The program has been carefully developed to help:• university-based researchers who want to commercialize their products • those working on ventures that need outside investment capital • those who have started businesses that need help reaching profitability. Sessions will be led by trained facilitators and business coaches who make entrepreneurship come alive by sharing real-world expertise, practical tips, and success stories. Participants will use what they learn to develop their own business ventures throughout the program, which consists of 11 weekly sessions. “Last year seven companies participated, and four of those successfully competed in the Mississippi New Venture Challenge, the business plan competition hosted by the Mississippi Technology Alliance, and brought home several thousand dollars in prize money,” said Renasant Center for IDEAs director Wayne Averett. FastTrac® is a program of the Ewing Marion Kauffman Foundation, the largest organization in the nation solely focused on entrepreneurship. For more information on participating in the program, please call Wayne Averett at 662.823.4335 or e-mail firstname.lastname@example.org .