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$25M Alumni Gift Establishes Entrepreneurship Center in Detroit

October 16, 2014

James A. Anderson, the founder and CEO of Detroit-based retail consulting firm Urban Science, and his wife donated $25 million last week to support the entrepreneurial efforts of Wayne State University’s engineering and computer science faculty and students. The donation will establish The James and Patricia Anderson Engineering Ventures Institute, embedded within the university’s College of Engineering, a center to encourage faculty to commercialize new technologies, secure patents, and establish startup companies, while also providing mentors to young entrepreneurs and teaching best practices in innovation, tech transfer, and commercialization. Crain’s Detroit Business also reports the grant will fund five endowed chairs and several graduate scholarships, with an office set to be open and staffed by the end of the year. The family’s gift is part of Wayne State University’s Pivotal Moments fundraising campaign, which has now received more than half of its $750 million goal amount.

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Michiganhigher ed