Mays Business School, September 5th, 2017
By Dunae Crenwelge, The Texas A&M Foundation
The Texas A&M Foundation has received commitments of $3 million from the Mays Family Foundation and $2.6 million from the Charles Koch Foundation to establish the Mays Innovation Research Center within the Mays Business School at Texas A&M University.
With these contributions, both foundations continue their legacy of philanthropy at Texas A&M. In 2017, the Mays Family Foundation has given a record $25 million in support of Mays Business School, bringing its lifetime contributions to more than $50 million. This contribution marks the first gift from the Koch Foundation to Mays Business School, although the organization has supported other endeavors at Texas A&M.
Drawing from academic disciplines across the Texas A&M campus, the center will examine the nature of innovation. Research at the center will focus on how innovation advances human potential; the essential conditions necessary for innovation to flourish; how innovation spreads; and the social, economic and legal frameworks necessary to support innovation. Many traditional university innovation centers focus on teaching the history, theory, and practice of innovation. By contrast, the center is a research-oriented academic center that will engage in the study of innovation to advance knowledge in this important field.