Friday, December 03, 2004

Harvard Gazette: $30 million endowment offers new approach

Harvard Gazette: $30 million endowment offers new approach: "When Albert J. Weatherhead III '50 and Celia Weatherhead decided to give $30 million to create The Weatherhead Endowment for Collaborative Science and Technology, the couple agreed that the choice offered a unique opportunity to influence the future.
That's because this endeavor is not quite like anything Harvard has done before. This Weatherhead endowment will function like a venture capital fund, enabling the University to seed promising interdisciplinary science and technology projects as they emerge. The Weatherheads and President Lawrence H. Summers view their partnership as key to realizing Summers' vision of science and technology as fostering bold new approaches to age-old questions. "

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