01 Mar 2016
The HBS Fund for Leadership and InnovationRe: Nitin NohriaTopics:
A Resource for the Next Big Idea, and More
The HBS Fund for Leadership and Innovation is instrumental in bringing innovative projects to life at the School. Recent successful HBS initiatives that are advancing management education—including the Harvard Innovation Lab and HBX— gained traction in their early stages with the help of gifts of all sizes to the HBS Fund.
“In business, venture capital or R&D budgets seed the most promising new ideas,” says Dean Nitin Nohria. “In academia, where endowments are generally restricted to donor-defined purposes, there simply aren’t funds earmarked for advancing the next big idea. The School relies heavily on annual gifts to the HBS Fund for early-stage support of breakthrough projects, courses, programs, and other initiatives.”
As ventures like Field Immersion Experiences for Leadership Development (FIELD), the US Competitiveness Project, the Harvard Innovation Lab, and HBX take hold, they are attracting targeted donor support, freeing up unrestricted resources for new opportunities. This cycle of investment allows the School to act quickly and thoughtfully to foster initiatives that prepare students for—and address the challenges of—an evolving business world.
The HBS Fund also supports core priorities that have long made the School a leader in the field of management education. A commitment to global understanding, pathbreaking research, educational innovation, and attracting the most talented students from diverse economic backgrounds are foundational elements of the School’s mission. These are far-reaching and often expensive areas of focus that require ongoing funding from multiple sources.
For more than a century, Harvard Business School has proven fertile ground for ideas that change the way people think about business and the world, but the School can never rest on its legacy; rather, it must be relentless in its pursuit of excellence and relevance. Annual giving to the HBS Fund for Leadership and Innovation helps make this possible.
“The School relies heavily on annual gifts to the HBS Fund for early-stage support of breakthrough projects, courses, programs, and other initiatives.”
Nitin Nohria, Dean of the Faculty
The HBS Fund: Four Areas of Opportunity