Accel Partners co-founder James Swartz provides $31m to Carnegie Mellon to fund entrepreneurship centre.
Carnegie Mellon University (CMU) has received its fifth largest gift in the institution’s history, courtesy of Accel Partners co-founder James Swartz.
The venture capitalist is providing $31m to CMU to establish an entrepreneurship centre with the intention of raising the profile of Pittsburgh’s startup ecosystem.
Swartz earned his master’s degree in industrial administration at CMU in 1996, and co-founded Accel in 1893, which now has $8.8bn under management.
In a statement, Swartz said: “With its strengths in technology, science and the arts, CMU is an ideal location to cultivate the ideas, technologies and ultimately solutions that will make a true difference in the world.”
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