The Bertarelli Foundation is pleased to announce that through its gift to Harvard University, the Bertarelli Foundation President’s Innovation Challenge Fund has been established at Harvard Business School.
Established in 2012, the President’s Innovation Challenge was established to encourage members of the Harvard community to engage with issues facing the world and to spark the creative development of solutions that will address vexing social, medical, and scientific problems. In 2017, more than 200 student teams from across Harvard University competed in the Challenge.
In 2013, the Bertarelli Foundation funded the Deans’ Health and Life Sciences Challenge at the Harvard i-lab. This new commitment to the President’s Innovation Challenge Fund will extend the Bertarelli Foundation’s generosity to a broader range of early stage ventures and enable creative ideas to flourish at Harvard and beyond. In recognition of this new gift, the winners of the President’s Innovation Challenge will be awarded Bertarelli Foundation Prizes each year for the next five years.
“We are delighted to support the President’s Innovation Challenge Fund, building once again on our existing relationship with Harvard”, said Ernesto Bertarelli. “Our aim is to help Harvard find and support the next generation of entrepreneurs with bold ideas and the commitment to see those become reality. With the support of the remarkable community of teachers and innovators at the School, I am confident this Fund will continue to help fuse the scientific vision and the passion for business that Harvard inspires amongst its students.”
“Whether it’s the development of safe and affordable surgical kits that are easily transportable to places in need of medical resources, a venture working to accelerate advances in artificial intelligence, or the scores of other projects that have been part of the President’s Innovation Challenge, the program has helped unleash the entrepreneurial and creative spirit of the Harvard community,” said Harvard President Drew Faust. “Making progress toward solutions to global problems requires new thinking that transcends boundaries and disciplines, and we are very grateful to the Bertarelli Foundation for the vision and generosity they have shown in their support of this community of innovators dedicated to that task.”
“We see countless examples of the importance of innovation and entrepreneurship in finding solutions to society’s most intractable challenges,” said Harvard Business School Dean Nitin Nohria. “The Bertarelli Foundation’s generous gift will fuel the entrepreneurial spirit that exists across the University by ensuring that students have the resources to bring their game-changing ideas to fruition.”