Stanford receives $150M gift to alleviate poverty

Not sure how we missed this last month, but the Stanford Graduate School of Business has received a $150 million gift to launch the Stanford Institute for Innovation in Developing Economies, known as “SEED.” The new Institute seeks “to stimulate, develop, and disseminate research and innovations that enable entrepreneurs, managers, and leaders to alleviate poverty in developing economies. SEED’s work is based on the belief that a critical route for economic growth is through the creation of entrepreneurial ventures and by scaling existing enterprises.”

Design is referenced numerous times in Stanford’s November 4 press release. The Business School is also co-host of the d.School (aka: Hasso Plattner Institute of Design), though it’s unclear as of yet how the new Institute will tie into the d.School.

Click here to read the press release and learn more.