Emory University receives $10 million for health innovation, business

Emory University receives $10 million for health innovation, business

Emory University in Atlanta has announced a $10 million gift from John and Rosemary Brown in support of human health innovation and greater representation of women in business.

A portion of the gift will establish the John and Rosemary Brown Family Innovation to Market Fund within the Emory School of Medicine, an initiative aimed at producing foundational information for medical technology development, providing grant funding for de-risking investments, and offering industry expertise, ecosystem connectivity, and non-dilutive funding to help speed projects to market. The fund also will work to expand project funding opportunities through Biolocity, a program designed to accelerate the commercialization of early-stage medical technologies.

In addition, the gift will support the launch of the Rosemary and John Brown Family Scholars Program at the Goizueta Business School, with a focus on providing continued learning and networking opportunities to women in business. The program will be open to alumnae of Spelman College and Agnes Scott College.

"Rosemary and I are excited to see the opportunity for the disciplines of engineering and medicine to collaborate with a common goal," said John Brown. "This focus will accelerate innovation that allows clinical needs to move forward more quickly to license, start-up, and commercialization."

"Goizueta is proud to launch this exciting initiative to increase representation of women in business," said Karen Sedatole, interim John H. Harland Dean of Emory Goizueta Business School. "Women and minorities often are underrepresented in graduate business programs. This imbalance negatively affects students, business schools, and the larger business community. This generous endowment allows Goizueta to execute its bold vision to meet tomorrow's challenges and reimagine what business education could and should be."

(Photo credit: Emory University)