Business students in University College Cork (UCC) are set to benefit from a million dollar philanthropic donation from an anonymous donor.
Cork University Business School (CUBS) is to benefit from the philanthropic gift, which the college say will transform the learning experience for business students at UCC.
The $1,000,000 gift will support scholarships, practical experience initiatives and entrepreneurship programmes for students.
“Cork University Business School is at an exciting stage of development with growing student numbers and plans for a new building," Professor Thia Hennessy, Dean, Cork University Business School said. "This very generous philanthropic gift will allow us to focus on initiatives to improve the student experience in ways that we could otherwise not afford.
"Although we are starting from a very high base, with 95% of our students finding immediate employment, we plan to use this fund to support students in developing their professional skills, helping them secure employment. The fund will also be used to support students with exciting business start-up ideas.”
The donation will also support entrepreneurship at UCC, developing the next generation of business leaders by providing funding for starts-ups and innovation programmes.
“This donation demonstrates the impact philanthropy can make in accelerating change for Cork University Business School and advancing excellence in our teaching," Rose Phelan, Head of Development, UCC College of Business and Law said.
This is not a gift just for the students of CUBS but for the future of business in Cork more generally.”
CUBS is the largest provider of business education at undergraduate level, the second largest at postgraduate level and in partnership with the Irish Management Institute, the largest provider of executive education in Ireland.