Chicago Booth Receives $5 Million for Entrepreneurship Program

Chicago Booth Receives $5 Million for Entrepreneurship Program

The University of Chicago has announced a $5 million gift from alumnus Rattan L. Khosa in support of a new entrepreneurship program at the Chicago Booth School of Business.

Part of the University of Chicago Campaign: Inquiry and Impact effort, the gift will establish the Rattan L. Khosa Student Entrepreneurs Program at the Booth School's Polsky Center for Entrepreneurship and Innovation. The new program will have four components: the Rattan L. Khosa First-Place Prize for the Edward L. Kaplan, '71, New Venture Challenge; the Rattan L. Khosa Entrepreneurial Fellowships, which will be awarded to two graduating Booth students who are dedicated to building their ventures full-time; the Rattan L. Khosa Entrepreneurial Interns program, which will provide financial support to three students so they can work for either a startup company or on their own startup; and the Rattan L. Khosa "Against All Odds" Student Award, which will be awarded to a graduating student who has overcome significant hurdles to launch a business.

A 1979 graduate of Chicago Booth, Khosa is president and CEO of AMSYSCO, Inc., which he started in 1981 in the basement of his home and, over nearly four decades, built into a highly profitable company that provides post-tensioning systems for commercial structures. Over the past decade, Khosa has provided financial support to the Polsky Center and serves on its advisory board.

"Entrepreneurship is now the number one concentration at Chicago Booth, and the Rattan L. Khosa Student Entrepreneurs Program will support our most promising entrepreneurial students. In addition, Rattan's leadership, generosity, and success will serve as an inspirational example to them," said Madhav Rajan, dean of the Booth School and the George Pratt Shultz Professor of Accounting. "This transformational commitment will greatly support the school's mission to influence and educate current and future leaders."