John Doerr, managing partner at venture capital firm Kleiner Perkins Caufield & Byers, and his wife Ann Doerr have granted Rice University the largest gift the institution has ever received.

Rice, home to the world’s number one ranked university incubator and largest student startup competition, will use Doerr’s $50m gift to construct a leadership institute. The Doerr Institute for New Leaders will be available to all of Rice’s student body, and will promote a mixture of traditional and next-generation techniques…