UA releases details of how Walton Family Foundation’s $24 million will be used
Additional details on the nearly $24 million from the Walton Family Charitable Support Foundation to the University of Arkansas have been announced. Organized under what is called the Chancellor’s Fund, the monies will be used for three initiatives:
- A newly created Gap Fund will distribute up to $400,000 per year with a focus on teams that have completed the NSF’s I-Corps training program.
- The Commercialization Fund will award $1 million per year to develop university technologies with strong market potential, with typical awards between $5,000 and $50,000.
- The Innovation and Collaboration Fund, now in its third year, will distribute $1 million in seed money each year for interdisciplinary projects that have not previously received funding.
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