Shane Barker: This is great news for the local aspiring entrepreneurs!

For immediate release

November 8, 2011

The University of California, Davis, is launching a new interdisciplinary institute devoted to education, research and outreach in innovation and entrepreneurship, with the help of a $5 million commitment from alumni Mike and Renée Child.

The institute, named The Child Family Institute for Innovation and Entrepreneurship, will help to integrate innovative and entrepreneurial thinking and actions across the university, and strengthen UC Davis’ role as a vital player in catalyzing economic development in the region, state and beyond.

“The Child Family Institute for Innovation and Entrepreneurship will help UC Davis assume a global leadership role in entrepreneurship and innovation, building on our already strong foundation in these areas,” said Chancellor Linda P.B. Katehi. “We are grateful to the Childs for making this possible.”

The institute, which launches today, builds on the success and experience of the UC Davis Center for Entrepreneurship, which since 2006 has helped researchers and students move their innovations and ideas into the marketplace. The center’s founding director, Professor Andrew Hargadon, is now serving as the institute’s faculty director.

“UC Davis is committed to improving society by bringing breakthrough technologies out of the university and into the world and by preparing our students to be entrepreneurial leaders, regardless of their academic field,” said Steven Currall, the dean of the Graduate School of Management, which will house the new interdisciplinary institute.

The institute will strengthen the coordination of entrepreneurship and innovation activities across UC Davis’ colleges, schools, centers and organized research units, becoming the university’s unifying structure for these pursuits.

Integrate innovation and entrepreneurship courses alongside and within existing academic degree programs.

Promote the study of innovation and entrepreneurship by management, social science, humanities and legal researchers across the university.

Develop opportunities for innovation and entrepreneurship for undergraduate students across the university, including those in social sciences and humanities.

Further programs to build networks that connect campus entrepreneurs with mentors and investors to accelerate commercialization.

Reach out to business and government to inform the adoption of innovative technologies.

The Childs’ $5 million commitment will be invested in an endowment, ensuring ongoing financial support for the institute and its important work into the future.

The Childs have also recently made several other generous gifts to UC Davis, to support other areas of great interest to them. These gifts include:

About UC Davis
For more than 100 years, UC Davis has engaged in teaching, research and public service that matter to California and transform the world. Located close to the state capital, UC Davis has more than 32,000 students, more than 2,500 faculty and more than 21,000 staff, an annual research budget that exceeds $684 million, a comprehensive health system and 13 specialized research centers. The university offers interdisciplinary graduate study and more than 100 undergraduate majors in four colleges — Agricultural and Environmental Sciences, Biological Sciences, Engineering, and Letters and Science. It also houses six professional schools — Education, Law, Management, Medicine, Veterinary Medicine and the Betty Irene Moore School of Nursing.

Original Press Release Here

Posted by: Shane Barker