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Washington DC: Carlyle Group Founder David Rubenstein Gives $15M To Duke For Innovation

One of Washington DC’s top investors and philanthropists, David Rubenstein has given $15 million dollars to his alma mater Duke University for innovation.

Rubenstein recently donated $7.5 million dollars to repair cracks sustained in the Washington Monument during last years freak east earth quakes. Rubenstein’s $15 million dollar donation to Duke University makes it his largest single donation to one institution.

Duke University just recently completed a $50,000 startup challenge. A health and life sciences startup called Nanoly was the recipient of the $50,000 award. Their startup has found a way to chemically preserve vaccines outside of refrigerators, and make them easier to administer in developing and third world countries.

Another great startup emerged from the Duke University Challenge called Mobile Foods which is entering the food truck tracking space. Their technology will allow customers of their favorite food trucks to track their location and find them easier using existing mobile phone technologies.

Rubenstein is the founder of the Washington DC private equity from, The Carlyle Group, which recently went public.

Rubenstein said today that the money will fund courses, mentoring and an incubator for students and faculty to develop new startup ventures through Duke’s innovation and entrepreneurship initiative which is also the backbone to the annual startup challenge contest.

Linkage:

source: WGME

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