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This story is from September 24, 2007
MIT sets up centre for entrepreneurs
Massachusetts Institute of Technology (MIT) has established an academic centre dedicated to development and entrepreneurship in India.
MUMBAI: Massachusetts Institute of Technology (MIT) has established an academic centre dedicated to development and entrepreneurship.
Created with a $50-million funding from the Dubai-based Legatum, a private firm that invests in global financial markets and in initiatives supporting sustainable development, the Legatum Center for Development and Entrepreneurship will support aspiring entrepreneurs from the developing world, helping them acquire the knowledge required for successful business development and civic leadership.
Legatum has significant interests in India, with almost $1 billion invested in the country. ‘‘In future, we might get supplementary donors as well,’’ says Iqbal Quadir, founder of Bangladesh-based cellular phone company GrameenPhone.
Created with a $50-million funding from the Dubai-based Legatum, a private firm that invests in global financial markets and in initiatives supporting sustainable development, the Legatum Center for Development and Entrepreneurship will support aspiring entrepreneurs from the developing world, helping them acquire the knowledge required for successful business development and civic leadership.
Legatum has significant interests in India, with almost $1 billion invested in the country. ‘‘In future, we might get supplementary donors as well,’’ says Iqbal Quadir, founder of Bangladesh-based cellular phone company GrameenPhone.
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