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Western University is using a multi-million-dollar gift from an alumnus to help students turn their studies into successful businesses.
Pierre Morrissette, executive chairman of Pelmorex Corp. and a graduate of Ivey Business School, is donating $5.5 million to support entrepreneurial research, education and programming for students across every faculty, not just at the business school.
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“(This program) is going to set Western apart,” Morrissette said in an interview. “It covers every step of the entrepreneurial journey, from pre-startup right on through to maturity and at the stage where you face either an exit or a transition.”
LONDON, ONT. A Canadian business leader with ties to Western University has made a multi-million dollar investment in student entrepreneurs. Pierre Morrissette, a Western Ivey Business School graduate of 1972, has donated $5.5-million through his family foundation. Morrissette is the executive chairman of Pelmorex Investments, which includes broadcasting, online and data properties. Western states the money, which it will top up by $2.5-million, creates an $8-million investment. It will support entrepreneurs, not just within Ivey but also across campus. Western President Alan Shepard says growing entrepreneurship programs, already in place at Ivey for two decades, are a priority. “This investment builds our capacity to offer an entrepreneurial experience for any student who wants one.”