“$8 Million Gift”

Last week, Michael Polsky, Chicago energy entrepreneur, announced that he’d be donating an $8 million gift to the Michael P. Polsky Center for Entrepreneurship, a research center established in 2002 after his initial $7 million donation. The gift will support Chicago Booth’s growing innovation initiatives by creating new programs and providing space and resources for interdisciplinary, cross-campus collaborative teams in new venture development.

Polsky, who graduated from Chicago Booth in 1987, is the founder and CEO of Invenergy, North America’s largest global clean-energy company.

Entrepreneurship is currently one of the top concentrations at Booth, and Booth’s Edward L. Kaplan New Venture Challenge has become one of the b-school’s most popular competitions.

“Entrepreneurs lead the way in innovation and job creation, which in turn benefits our entire society,” says Polsky. “I am proud that we are investing further in our efforts to foster and celebrate the entrepreneurial spirit among the entire University of Chicago community.”

(Source: Michael P. Polsky Center for Entrepreneurship expands venture creation across UChicago)

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