Babson College Establishes New Institute for Free Enterprise and Entrepreneurship

Council member Babson College announced the formation of its new Butler Institute for Free Enterprise through Entrepreneurship with a $10 million donation.

The institute will conduct research projects to study the relationship between free enterprise and entrepreneurship, specifically seeking to explore how policy, values, and business practices can affect this interaction. Endeavors undertaken by the new institute will also incorporate student involvement in order to promote enterprise and entrepreneurship within younger people. It will continue existing work done by Babson’s Global Entrepreneurship Monitor (GEM), and also bring together both academics and business leaders to examine policies and practices that foster business growth.

“I’m unbelievably excited,” said Andrew Corbett, Faculty Director of the new institute. “Through the wonderful and generous support of the Butler family, we have a great opportunity. We live in an entrepreneurial age. We live in an age of creativity. This mindset is a way to solve problems. We want to put policies in place that allow this to happen.”

The Council commends Babson on this new institute, which we hope will produce research to better both the university and the region at large. Read more in Newswire.

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