Word: narayanamurti
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TECH is the brainchild of the Division of Engineering and Applied Sciences (DEAS) and its dean, Venkatesh "Venky" Narayanamurti and has been about ten months in the making...
...policy prohibiting students from using dorm resources for commercial purposes. Three weeks later, administrators of the Faculty of Arts and Sciences confirmed the existence of a plan for an institute that would provide resources in high-tech entrepreneurship. Dean of the Division of Engineering and Applied Sciences Venkatesh "Venky" Narayanamurti has mentioned such possibilities for the institute as a high-tech lab for providing capital, office space, alumni mentoring and speakers. The effort is intended to promote, rather than discourage, the entrepreneurial spirit that often spurs technological innovations...
...first is money. Narayanamurti mentioned Harvard's wealthiest dropout, William H. Gates III, Class of 1977, as illustrating the principle that a student who wishes to devote time and energy to an entrepreneurial project should be able to do so within the framework of the College and should not feel forced to leave. Indeed, M.I.T. and Harvard have been the recipients of $20 million donations from Gates and from Steven A. Ballmer '77; there is no question that nurturing successful entrepreneurs could result in a remarkable return on the College's investment...
...While Narayanamurti has said TECH's aims are broader than to simply follow Stanford's lead, he has also said that Harvard has to catch up to other schools...
According to Narayanamurti, TECH is expected to begin activities this fall...