The Diana Group
Candida G. Brush, Nancy M. Carter, Elizabeth J. Gatewood, Patricia G. Greene and Myra M. Hart
For having investigated the supply- and demand-side of venture capital for women entrepreneurs. By studying women entrepreneurs who want to grow their businesses, they demonstrate the positive potential of female entrepreneurship.
The Award is for the first time given to a group of women. The American based Diana group has among other things proven that women do not have the same possibilities as men when it comes to venture capital.
Five prominent entrepreneurship research scholars have pooled their competencies to create a research team examining women's entrepreneurship. Important contributions lie in the identification of growth-oriented women entrepreneurs, and issues of access to and usage of resources.
They suggest women encounter supply-side barriers that include structural factors that preclude their access to equity finance. On the demand-side, their work has shown that women choose not to seek this type of investment and often start businesses in sectors or locations that do not match lender preferences. The Diana Project’s theoretical contribution has important widespread implications for policy makers and practitioners.
Titles, dates and places given above refer to the time of the Award.
The Diana group after receiving the Prize, Folkets Hus Stockholm May 2007.
Patricia G. Greene giving her Prize Lecture, Folkets Hus Stockholm May 2007.
Elisabeth J. Gatewood giving her Prize Lecture, Folkets Hus Stockholm May 2007.
Myra M. Hart, Paul D. Reynolds and Nancy M. Carter in front of the origianal statue "The Hand of God" in Eskilstuna, Sweden.
Candida G. Brush
Nancy M. Carter
University of St. Thomas
Elizabeth J. Gatewood
Wake Forest University
Patricia G. Greene
Myra M. Hart
Harvard Business School