The University of Wisconsin – Milwaukee has announced a $10 million gift from alumni Sheldon and Marianne Lubar to establish a center for entrepreneurship.
The Lubar Center for Entrepreneurship will incorporate and support activities within and among UWM's schools and colleges, including interdisciplinary and social entrepreneurship programs that build on existing activities at the Lubar School of Business, the College of Engineering & Applied Science, the School of Information Studies, the School of Freshwater Sciences, the Peck School of the Arts, and the UWM Research Foundation. Among other things, the center will lead an effort to expand "ideas challenge" courses that pair entrepreneurship activities with existing curricula and will develop educational programming to support entrepreneurial learning and skills building.
The Lubars' previous support for UWM includes a $10 million gift in 2006 to endow professorships and student scholarships at what is now the Lubar School of Business as well as gifts in support of the Peck School of the Arts and the university's Golda Meir Library. The founder of investment firm Lubar & Co., Sheldon Lubar has served as assistant secretary of the U.S. Department of Housing and Urban Development, commissioner of the Federal Housing Administration, and president of the University of Wisconsin System Board of Regents.
"Today we're talking about intelligent entrepreneurship that will enhance our community and our economy beyond anyone's fondest hope," said Lubar. "The objective of the Lubar Center for Entrepreneurship is to teach and motivate students, as well as business people in large and small companies, to take advantage of the opportunity that ownership brings. Simply said, you can be an owner of a business if you know how to think and act like an owner."