Cambridge, Mass. - Legatum, a private investment firm that focuses on initiatives to support sustainable development, has made a gift of $50 million to MIT to create a new center for development and entrepreneurship.

The center will support aspiring entrepreneurs from the developing world, who have a strong commitment to development entrepreneurship, helping them to acquire the knowledge and skills required for successful business development and civic leadership around the world, MIT announced.

In addition, the center will provide a venue for competitions and prizes, seminars, workshops, debates and forums, engaging visiting scholars and industry leaders on topics relating to entrepreneurship, leadership and business development.

Related Links:
http://web.mit.edu/newsoffice/2007/legatum-0917.html