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Shipley Foundation Leverages Innovation at Clarkson University with Major Grant
The Shipley Foundation, a long-time Clarkson University partner, has announced a major gift to support the growth and sustainability of the University's Shipley Center for Innovation.
The Shipley Center accelerates the commercialization of discovery-driven innovations into the marketplace, fostering the exchange of ideas between the University's academic departments and other regional institutions and industry. The center also prepares and educates faculty and students for the 21st century entrepreneurial workplace.
The late Charles and Lucia Shipley founded and built the Shipley Company into a multi-million dollar international corporation that has made significant discoveries in specialty chemicals for the electronics industry. The company’s early involvement in microelectronics and semiconductors resulted in many technological innovations and numerous domestic and foreign patents. As research partners, friends and supporters of Clarkson, the Shipleys’ connection to the University spans more than 35 years.
The Shipley Foundation provided funding to the University's School of Business in the late 1990s to launch the Shipley Center. In the last two years, the Shipley Center has facilitated 40 new start-ups and currently has over 100 projects in the pipeline, serving as an engine for regional economic development by engaging in the creation of new enterprises capitalizing on emerging technologies.
The Foundation also endowed a fellowship in chemistry and the Egon Matijevic Chaired Professor of Chemistry and Biomolecular Science and underwrites the Shipley Distinguished Lecture Series.
"Innovation drives modern, globalized knowledge-based economies. Universities are key idea generators and contributors to economic development. The Shipley Center for Innovation is creating a legacy of successes in commercialization and new technology development, just as Charles and Lucia Shipley and their company did," said Clarkson President Tony Collins. "We are very grateful to Richard Shipley and his family's foundation for this great show of confidence in the Center’s future and in Clarkson.”
"This generous gift will enable us to continue leveraging the discovery-driven innovations generated by our regional institutions and bring them to the market place,” said Shipley Center Executive & Scientific Director Gabor Forgacs, the Karel K. Czanderna ’77 and W. Dan Shirkey ’80 Professor in Physics. "This funding also allows us to translate these innovations into practice through commercialization."
Clarkson University launches leaders into the global economy. One in five alumni already leads as a CEO, VP or equivalent senior executive of a company. Located just outside the Adirondack Park in Potsdam, N.Y., Clarkson is a nationally recognized research university for undergraduates with select graduate programs in signature areas of academic excellence directed toward the world’s pressing issues. Through 50 rigorous programs of study in engineering, business, arts, sciences and health sciences, the entire learning-living community spans boundaries across disciplines, nations and cultures to build powers of observation, challenge the status quo, and connect discovery and engineering innovation with enterprise.