The Stanford Graduate School of Business has established the Stanford Institute for Innovation in Developing Economies (SEED)with a US$ 150 million (Rs 750 Crore) gift from Dorothy and Robert King, MBA ’60. The gift is among the largest ever to Stanford University.
The Institute’s aim is to stimulate, develop, and disseminate research and innovations that enable entrepreneurs, managers, and leaders to alleviate poverty in developing economies.
Three areas of focus
The work of the Stanford Institute for Innovation in Developing Economies (SIIDE, pronounced and known informally as “SEED”) will span three pursuits: research, education, and applied on-the-ground work to support entrepreneurs and help growing enterprises to scale. It will:
- Conduct multidisciplinary research in close cooperation with in-the-field managers that is focused on new and effective ways to both increase the impact of managed organizations and develop solutions to improve governance, education, and infrastructure.
- Educate Stanford students from around the world as well as entrepreneurs, social entrepreneurs, managers, and leaders in developing economies to enable them to relieve poverty through effective leadership and problem-solving.
- Build capacity on the ground to support action by entrepreneurs, managers, and leaders to scale their organizations and spur innovation.
SEED will be a well-integrated series of activities, with each area of focus continuously reinforcing the others. Data collected on the ground, for example, will be used to fuel research that will shape new courses and drive new solutions to problems as diverse as transportation and supply chain logistics, health care needs, or mobile communications. Students, faculty, and alumni will work in the field to support local organizations solving real-world problems standing in the way of growth.
For more information visit www.gsb.stanford.edu/seed/