Monthly Archives: November 2011
November 11, 2011, 10:23 am
The Wharton School of the University of Pennsylvania has announced a new fund that will award grants to ventures that grow out of university courses—part of a larger innovation effort at the prestigious business school.
The Wharton Innovation Fund was created by a $2.7-million gift by Alberto Vitale, former chief executive of Random House and a Wharton alumnus. It will award roughly $125,000 in grants each year.
“His interest is in taking advantage of the creativity of the Penn students and the Wharton students in addressing problems that are of larger scale,” says Don Huesman, managing director of the Wharton Innovation Group.
The fund will…
November 3, 2011, 10:53 am
Harnessing innovation for social good is in the news this week:
• McKinsey & Company, the consulting group, wants to build a showcase of new ideas to tackle tough social problems, such as economic development, education, health, and the environment. So the company has put out a call for short videos—a minute or less–that describe a social innovation with the potential to create real change. The best videos will be featured on the company’s Web sites, and their creators will be honored at an event in New York that will bring together innovators from the worlds of business, government, and social change. Video submissions are due November 18.
• Fast Company, the business magazine, has started a new Web site, Co.Exist, to highlight new approaches to fighting social ills that draw on business practices. “We’re for brash and creative solutions that make everyone rich while…