Cambridge University’s Faculty of Economics and Pembroke College is due to receive a £17.5m ($27m) gift, thanks to philanthropists Bill and Weslie Janeway.
The gift will lead to the establishment of the Janeway Professorship of Financial Economics at the faculty with a linked fellowship at the college, and will also fuel the Janeway Fund for Economics. The fund will be used to drive research in economics, including funding for postdoctoral fellow, doctoral positions, research students, and international conferences.
Both Bill and Weslie Janeway studied at Cambridge. Venture capital veteran Bill Janeway received his PhD in economics from the institution and remains a visiting scholar, while Weslie Janeway studied genetics at the university and has a strong philanthropic background with a focus on science.
Sir Leszek Borysiewicz, vice-chancellor at Cambridge, said: “This transformative gift will help Cambridge maintain its world-class position as well as its distinguished heritage in economics.”
