The University of Memphis has received a $1 million gift from Hilliard and Harriett Crews to create a business start-up facilitator and incubator in the former Masonic Lodge at Walker and Patterson near the main U of M campus. The Crews gift is half of the $2 million needed to plan and complete the renovations as well as to establish an early operations fund. The facility and programs will be called the Crews Ventures Lab (CVL). The operation will be managed by the FedEx Institute of Technology at the University.
In making the gift, Hilliard Crews said, “The Ventures Lab at the University of Memphis will provide a vibrant environment for promising researchers and local entrepreneurs to collaborate on projects with real-world applications. Harriett and I are proud to be engaged in the exciting research innovations and commercialization opportunities happening at the University of Memphis. We are confident the Ventures Lab will have a powerful and positive impact on Memphis and the entire region.”
To read the full, original article click on this link: Media Room :: $1 Million Gift Will Help Establish U of M Entrepreneurial Center to Assist in Facilitating Start Up Companies :: University of Memphis
