New York University Stern School of Business has announced an $8 million endowment gift from alumnus Richard Ming-Hsing Tsai (MBA '81) to establish the Fubon Center for Technology, Business, and Innovation.
The center will serve as a hub that supports, facilitates, and enhances cross-disciplinary collaboration in the school's existing areas of technological innovation — including fintech, business analytics, and technology and entrepreneurship — and will serve to build and strengthen existing industry ties and shape coursework aligned with a rapidly evolving business landscape. As a nexus of innovation at the business school, the center also will help foster collaborations between Stern and National Taiwan University, where Tsai, now chair and CEO of Fubon Financial Holding Co. and Fubon Financial Holding Co., received his undergraduate degree.
"Technology demands that companies, regardless of industry, be nimble, adapt, and innovate at an unprecedented rate," said Stern School of Business dean Peter Henry. "Thanks to the generosity and inspiration of our alumnus Richard Tsai, we can help transform these challenges into exciting opportunities, staying as relevant to the new economy as we are to Wall Street."