The University of Missouri’s push to commercialize more intellectual property bagged it a $100,000 grant from the Kansas City-based Ewing Marion Kauffman Foundation, one of the largest foundations in the country.
The Kauffman foundation, which promotes entrepreneurship, awarded the grant to help MU advance student entrepreneurship. As part of the grant, the Reynolds Journalism Institute will document how student entrepreneurs develop and commercialize their ideas. The grant will also support a student venture capital fund.
“The University of Missouri exhibits a strong commitment to bringing the innovations developed on campuses into the commercial marketplace, which benefits society and ultimately enhances economic growth,” Carl J. Schramm, Kauffman Foundation president and CEO, stated in a release.