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David M. Rubenstein, right, co-founder and managing director of The Carlyle Group, takes part in a news conference in Washington. Rubenstein is giving $15 million to his alma mater, Duke University, following a series of high-profile gifts to projects including repairing the Washington Monument. (AP Photo/Susan Walsh, File)

Investor and philanthropist David Rubenstein is giving $15 million to his alma mater, Duke University, following a series of high-profile gifts to projects including repairing the Washington Monument.

The billionaire businessman said Friday the money will fund courses, mentoring and an incubator for students and faculty to develop new startup ventures through Duke's Innovation and Entrepreneurship Initiative.

Rubenstein, of Bethesda, Md., is co-founder of the Washington-based private equity firm The Carlyle Group, which recently went public on the Nasdaq exchange.

To read the full, original article click on this link: Rubenstein gives Duke $15M for innovation effort - Boston.com