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This year, for example, Miami is focused on training health care workers and developing more programs and professional degrees, according to the school. In subsequent years, faculty will be able to propose similar projects and then apply to have them funded by the university’s multi-million dollar investment.
"We will unleash creativity and innovation to equip our students with the skills they need to solve the biggest challenges in our state, nation and world," Miami President Greg Crawford said in a prepared statement. "These programs will also enhance the undergraduate experience that has defined Miami for generations, allowing us to continue to attract top students and faculty to Miami."
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Miami’s $50-million investment comes less than a year after Crawford testified before Congress about the need to meet workforce demands and how all students need entrepreneurial skills. Crawford estimates that close to 1,500 alumni are founders or co-founders of businesses.
“The entrepreneurial mindset is as vital for success in the 21st century as the pioneering mindset in the 19th century and the manufacturing mindset in the 20th,” Crawford testified.