What do you think one of the largest single private grants ever given to a university for advancing research and economic development, including entrepreneurship, can achieve?
Well, the University of Arkansas is going to find out, thanks to a $194.7 million commitment from the Walton Family Charitable Support Foundation. The funding will allow a new research institute named I3R to be become a reality.
It is envisioned as a unique approach to research that will distinguish the university by creating a flexible, state-of-the-art collaborative framework designed to facilitate the integration of research across five overlapping clusters of innovation. In addition to establishing I3R, the grant provides funding for the I3R Research Facility, entrepreneurship education and an expansion of the university’s presence in the region.
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