Donation to Wharton Ensures Innovation Management Institute: MBA News

The Wharton School at the University of Pennsylvania has been given a major financial gift that will ensure the long-term funding of its Mack Institute of Innovation Management.

Previously named the William and Phyllis Mack Center for Technological Innovation and launched after a gift from the same donors in 2001, William and Phyllis Mack, The Wharton School's Mack Institute connects business leaders, researchers, faculty, and students through a learning network and community.

The Wharton School's Mack Institute of Innovation Management

According to Wharton, the Mack Institute of Innovation Management's mission is to develop and share research-based knowledge in the field of innovation management

"This generous gift from the Macks will allow us to expand our reach and impact within the university, across the United States, and throughout the world, which is vital because innovation affects all industries, from health care to engineering to government,” explains George Day, co-director of the Mack Institute of Innovation Management.

“As a center, and now an institute, we collaborate with a select group of industry partners who represent a wide range of industries, including aerospace, defense, pharmaceuticals, and data solutions. Our partners provide support and keep us connected to the fast-changing demands of practice in global markets. The diverse perspectives of our partners, and the key questions they encounter, help drive the Mack Institute’s research agenda.”

“The multidisciplinary nature of the institute enables leading minds in various fields to work together," continues Thomas S Robertson, dean of The Wharton School. "The resulting insights are unparalleled in their research and potential for the diffusion of emerging technologies.”