IU creates institute on entrepreneurship

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The Kelley School of Business at Indiana University has established the Institute for Entrepreneurship and Competitive Enterprise within the Johnson Center for Entrepreneurship and Innovation.

IU said the institute is academically focused and its goal is to “explore the role of entrepreneurship as a catalyst for economic development, creation of employment opportunities, and community and societal advancement.”

“We are extremely excited about launching the institute and are confident that it will enhance the academic mission in entrepreneurship for the Kelley School of Business,” said Donald F. Kuratko, the Johnson Center’s executive and academic director, in a statement. “The development of the institute will ensure that the powerful entrepreneurship research mission that our faculty pursues will continue for years to come.”

The Johnson Center raised more than $19 million in donations to support the center. In addition, it received $5.9 million from the Charles Koch Foundation. The money will be used to pay for faculty and staff, student and faculty research, and graduate student fellowships.•

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