- Donation will expand entrepreneurship education, school says
- New commitment brings Polsky’s contributions to $50 million
Michael Polsky, founder of energy developer Invenergy LLC, is giving $35 million to the University of Chicago to expand the entrepreneurial education program at the business school.
The gift will expand the Polsky Center for Entrepreneurship and Innovation at the school’s Booth School of Business and streamline access to venture support resources for faculty, students, alumni, community entrepreneurs and corporate partners, the school said in a statement Monday.
The center also will create new programs, such as fellowships, to train founding chief executive officers and increased support for alumni entrepreneurs. Including the new amount, Polsky has committed $50 million to Booth, the school said.
“For b-school to remain essential and competitive we have to think more about the entrepreneurial community,” Polsky, 66, said in a phone interview. “Booth is at the forefront of that.”
He’s the founder and chief executive officer of Invenergy, a Chicago-based company that develops, owns and operates renewable and other clean-energy plants in the U.S. and Europe. Polsky is an alumnus of the Booth School and a university trustee.