Skandalaris Center for Entrepreneurial Studies

WUSTL has received a commitment of $1 million from Robert and Julie Skandalaris to create and support the Skandalaris Center Internship Program. The gift will sustain the internship program for the next 10 years and will enable 20 interns per year to participate in an intensive summer experience.

The John M. Olin School of Business at Washington University in St. Louis on Dec. 2 awarded a total of $70,000 in seed investment capital to two startup businesses in its annual Olin Cup entrepreneurship competition. The Olin Cup, along with $50,000 in seed money, went to Luminomics, a biotechnology company that develops regenerative drug therapies for degenerative diseases. An award of $20,000 went to The Blessing Basket, a not-for-profit company that imports baskets made by weavers in undeveloped countries. Honorable mention was given to Core Devices, maker of a portable anesthesia machine.

The winners of the 2004 Olin Cup Entrepreneur Competition will be announced Dec. 2 from a pool of five finalists chosen Oct. 29. The finalists are competing in a yearlong competition for $70,000 in investment capital provided by Washington University’s Skandalaris Center for Entrepreneurial Studies.

GreenbaumStuart I. Greenbaum, Ph.D., dean of the John M. Olin School of Business at Washington University in St. Louis, has announced his intention to step down as dean effective June 30, 2005, according to Chancellor Mark S. Wrighton. Greenbaum has served as dean since 1995 and was named the Bank of America Professor in July 2000.

A grant program will be administered and coordinated by the newly established Center for Research on Innovation and Entrepreneurship.