New CMU center will support entrepreneurial activities

PITTSBURGH — The Swartz Center for Entrepreneurship will be established at Carnegie Mellon University. The center will support university-wide entrepreneurial activities at the Pittsburgh campus.

CMU alum James R. Swartz, donated $31 million to support the school’s efforts to bring together cross-university initiatives. Swartz is founding partner of the global venture capital firm Accel Partners and one of the most successful venture capitalists in the world.

The gift includes $13 million in permanent university endowment that will help support Presidential Scholarships and Fellowships for students, a faculty chair, entrepreneurs-in-residence and an executive director and staff for the center. An additional $18 million will fund programmatic and infrastructure projects over the next four years.

The investment comes as the university builds momentum as a leader in innovation, artistic creativity, learning technologies and transformational discoveries at the crossroads of different academic fields and disciplines. Startup activity among the university’s faculty, students and alumni has been robust, with more than 138 companies created since 2009. CMU is poised to create a new innovation corridor with global impact in research, invention and commercialization.

Source: Carnegie Mellon University press release

Source: Keystone Edge

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Delores Jackson

Delores Jackson was Director of Corporate Learning for Oklahoma City Community College for eight years, consulting with business leaders to determine the training and develop needs of their employees, designing the programs, and managing a staff of professional trainers. ...