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Stanford Graduate School of Business Launches Institute to Alleviate Poverty with $150 Million Gift

The Stanford Graduate School of Business has established the Stanford Institute for Innovation in Developing Economies with a $150 million gift from Dorothy and Robert King, MBA ’60. The gift is among the largest ever to Stanford University. The Institute’s aim is to stimulate, develop, and disseminate research and innovations that enable entrepreneurs, managers, and leaders to alleviate poverty in developing economies. The Institute’s work is based on the belief that a critical route for economic growth is through the creation of new entrepreneurial ventures and by scaling existing enterprises. “Entrepreneurship, innovation, and improved management are powerful ways to help alleviate poverty,” said Stanford University President John L. Hennessy. “With tremendous foresight and compassion, the Kings have made a seminal gift that leverages Stanford’s knowledge, resources, and human capital to make a real difference in the world for many years to come.”More here

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