Koch Foundation Awards $5.9 Million for Entrepreneurship Institute

Koch Foundation Awards $5.9 Million for Entrepreneurship Institute

The Kelley School of Business at Indiana University has announced a $5.9 million gift from the Charles Koch Foundation to launch an Institute for Entrepreneurship and Competitive Enterprise.

The gift, which will be combined with $19 million from other donors aligned with the center's mission, will provide support for faculty and program staff, student and faculty research, and graduate student fellowships at the institute, which will be housed within the Johnson Center for Entrepreneurship and Innovation. When fully operational, the institute will offer seminars and a speaker series; provide faculty and graduate students with summer fellowships designed to foster multidisciplinary collaborations in research, education, course development, and teaching opportunities; and support the translation of innovative ideas into startup enterprises that create employment opportunities and retain top talent in the state.

"The Kelley School is one of the most important venues for entrepreneurship education and research in the country," said Ryan Stowers, executive vice president of the Charles Koch Foundation. "We're excited to support the school's plans to build on the success of its leading program and to provide additional resources and opportunities for students who are interested in studying how innovation and entrepreneurship can improve society for the benefit of all."

"IU's Kelley School of Business Establishes Entrepreneurship Institute." Indiana University Kelley School of Business Press Release 07/02/2019.