TED | TEDBlog: Iqbal Quadir's new Center for Development and Entrepreneurship at MIT.
This post from TEDBlog has been out for about two weeks, but I am putting it up any way because it deals with Iqbal Quadir's new Center for Development and Entrepreneurship at MIT. The Center for Development is not new but obviously the money from the Dubai-based investment firm is. The Center will receive a $50 million structured gift from Legatum.The newly named it would seem Legatum Center "will help MIT students start enterprises in developing countries, to foster organic and durable economic growth and more equitable societies",
"We will champion bottom-up economic growth, rather than the prevalent top-down, state-led, aid-funded projects that by and large have not worked"
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