$150 million gift will promote entrepreneurship and innovation to fight poverty
- “More than a billion people live on less than $1.25 a day. That’s just not right.” Robert E. King, Stanford MBA ‘60
- “Entrepreneurship, innovation, and improved management are powerful ways to help alleviate poverty,” said Stanford University President John L. Hennessy.
- “Many people are doing relief or aid operations, but at the institute (Stanford Institute for Innovation in Developing Economies) we will be asking how we can stimulate entrepreneurs and business ideas so that the people receiving aid today can become self-sufficient so they won’t need aid in the future,” Professor Hau Lee, Stanford