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September 21, 2011

Gift commitment to support entrepreneurship education

Mark and Carolyn Ain make $3 million commitment to support Simon School

Trustee Mark Ain ’67S (MBA) and Carolyn Ain are making a $3 million gift commitment to support entrepreneurship education and scholarships at the Simon School.

“We are deeply grateful to Mark and Carolyn Ain for this investment in entrepreneurship education at both the University of Rochester and the Simon School,” says President Joel Seligman. “We are proud to be considered a leader in entrepreneurship education, and this gift will enable us to build on that momentum.”

Ain, cofounder and chairman of Kronos Incorporated, is a longtime supporter of entrepreneurship at the Simon School and the University. Since 2007, the Mark Ain Business Model Workshops and Competition have been open to students at all levels of study, University-wide. The competition has awarded winning students with $13,500 in cash prizes each year since its inception.

Ain has also provided internship and scholarship support, as well as a high-profile lecture series through the University’s Center for Entrepreneurship. His support has enabled students to contribute to economic development in the Rochester region through internships designed to bolster small businesses and the community.

Ain is an actively involved member of the University Board of Trustees, the Simon School Executive Advisory Committee, and a recipient of the 2005 Distinguished Alumnus Award.

“The power of human capital and the ideas that are generated out of that creativity and drive are the future for our economy going forward,” says Simon School Dean Mark Zupan. “Mark Ain is a perfect example of the success that is born from hard work and the entrepreneurial spirit. Thanks to his and Carolyn’s generosity, we will be able to educate the George Eastmans and Bill Gates of the future and for that we are immensely grateful.”

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