UNIVERSITY PARK, Pa. — The Penn State College of Agricultural Sciences has announced two $1 million gifts to endow positions in its Entrepreneurship and Innovation Program. Both have received matching funds from the university.
The college is a leading partner in Invent Penn State, a statewide initiative spearheaded by Penn State President Eric Barron to drive job creation, economic development and student career success by helping researchers and students transform their ideas and projects into market-ready products and services.
Announced during the college’s E&I Showcase, which highlighted promising student and faculty business startups and innovative research projects, the gifts came from two long-time supporters of the program.
Earl Harbaugh, who lives in Florida, is a 1961 Penn State graduate with a degree in agriculture. He and his wife, Kay, have added $750,000 to a previous gift of $250,000 to endow the Harbaugh Entrepreneur and Innovation Faculty Scholar in the College of Ag Sciences.
The university matched the gift by adding $750,000 to the endowment. Harbaugh is founder and retired CEO of Ditch Witch Midwest, a successful underground construction equipment company.
With their $1 million gift, to which the university contributed $1 million in matching funds, John and Patty Warehime have endowed the John and Patty Warehime Entrepreneur in Residence in the College of Agricultural Sciences.
A 1964 graduate of the college, John Warehime is chairman of the board of Hanover Foods.
The Entrepreneur in Residence will use his or her experience as an entrepreneur, venture capitalist or technology transfer liaison to improve the quantity and quality of commercially relevant technology being developed by research programs in the college.
The professor will also educate faculty, postdoctoral scholars and graduate students about intellectual property and technology transfer, and identify potential industry sponsors and investors, among other responsibilities.
C. Daniel Azzara, the college’s director of entrepreneurship and innovation, currently holds this professorship.
The Harbaugh Faculty Scholar will support entrepreneurial and innovation efforts through coursework, forums and student or faculty engagement opportunities; commercializing and innovating research within the college; and mentoring, networking and professional development for the college’s students, faculty and alumni.
Mark Gagnon, the college’s entrepreneurship coordinator, is the current Harbaugh Faculty Scholar.
Source: Penn State Ag Sciences News.