Silicon Valley Visionary John Chambers has recently announced a gift of talent, treasure and time to support start-up engine houses at the College of Business and Economics. This agreement will absolutely give West Virginia University substantial intellectual and financial resources. The college is said to be renamed as the John Chambers College of Business and Economics.
John Chambers is the former CEO and Chairman of Cisco System Inc. He is also the founder and CEO of JC2 Ventures, as well as a native Charleston and not to mention a two-time West Virginia University alumnus.
Chambers said, “I’ve always believed in the power of education, but we need to reinvent our schools for a new, digital era. I’m betting on the Mountaineers and believe my home state can become a startup state if the university, business, and public sectors come together to support transformative innovation.”
He also mentioned that these start-up engine houses would definitely help West Virginia’s investment, innovation, and business development.
WVU’s start-up engine is an accelerator program that is created to fascinate, select and speed-up those start-up businesses that are dedicated to the industries and sectors acknowledged on the West Virginia Forward report. This is designed to help sharpen their ideas, improve mentor relationships, and find seed capital and of course to partner with existing businesses that are already successful in the same industry.
The program’s primary goal is to help upkeep West Virginia’s economy diversification along with pushing the state to move towards the innovation economy.
In front of a hundred people gathered at the Erickson Alumni Center, with various community and state leaders including two U.S Senators, the WVU President, Mr. Gordon Gee said, “This is a momentous occasion for West Virginia University and the state of West Virginia.”
He added, “John is a proven leader who is comfortable dreaming big and taking risks. Those are the same attributes that define who we are as a university. We have the incredible opportunity to make effective change by becoming a start-up University. I am grateful to John for his commitment, his partnership, and his friendship.”