The University of Chicago is establishing a new, unified center that will increase opportunities for entrepreneurship education, venture creation and research commercialization, bringing additional economic and social benefits for the Chicago region.

The center is supported by a $50 million commitment from University Trustee Michael Polsky, MBA’87, founder and CEO of Invenergy and an alumnus of the University of Chicago Booth School of Business.

The Polsky Center for Entrepreneurship and Innovation will combine and expand entrepreneurial efforts that are separate at most universities, including UChicago’s nationally recognized programs in venture creation and education, technology commercialization, and business incubation. This will streamline access to venture support resources for faculty, students, staff, alumni, community entrepreneurs and corporate partners. The center also will create new programs, such as fellowships to train founding chief executive officers and increased support for alumni entrepreneurs.

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Source: UChicago News