The commitment will help fund construction of a new Engineering and Polytechnic Gateway Complex, a $140 million, 255,000-square-foot facility that will house schools associated with the College of Engineering and Purdue Polytechnic Institute, as well as project-based instructional labs, design studios, collaborative workspaces, and the Hoosier Hot Corner, an incubator space where startups and companies can collaborate with faculty researchers, hire students as interns, and identify future employees. To date, the State of Indiana has committed $60 million to the project, while the gift from the endowment includes $10 million to match additional gifts.
A longtime supporter of the university, the endowment awarded grants of $26 million in 2001 and $25 million in 2005 to develop Discovery Park, a network of research and academic centers focused on strengthening multidisciplinary innovation and collaboration by students, professors, and research scholars. And a $40 million grant announced by the endowment in 2015 funded construction and renovation of research facilities and laboratories, classrooms, and workspaces that are further supporting collaboration between the College of Engineering and the Polytechnic Institute.
"The need for world-class engineers, technologists, and other STEM leaders has never been greater as the State of Indiana and the nation prepare for the jobs of tomorrow," said Lilly Endowment chair, president, and CEO N. Clay Robbins. "Purdue has achieved significant impact through earlier grants to launch Discovery Park and enhance the College of Engineering and the Polytechnic Institute. The intellectual and entrepreneurial energy on campus is magnetic. We are pleased to help build on this momentum by supporting Purdue's efforts to prepare more graduates for promising careers in which they will help innovative companies thrive in Indiana and throughout the world."
(Photo credit: Purdue University)