Harvard Business School to receive $20m donation from Kraft family to boost medical commercialisation.

Harvard University is set to gain $20m in donation funding to help fuel its medical innovation commercialisation efforts.

The money, which comes as part of a $6.5bn fundraising campaign led by the institution, is being donated by the Kraft Family Foundation, headed up by Harvard MBA graduate Robert Kraft.

Harvard Business School will be the main beneficiary, which plans to use the use the money to work with other organisations in the Boston area, such as the Harvard and Massachusetts Institute of Technology jointly-managed Broad Institute. It will be used to add curricula for MBA and executive education courses, provide mentoring, and establish programmes designed to boost commercialisation efforts.