East Carolina University is creating a new school of entrepreneurship fueled by a $5 million commitment from the co-founder and CEO of Raleigh-based Captrust and his wife.
The donation from J. Fielding Miller, an ECU alumnus, and his wife, Kim Grice Miller, will provide startup funding, a professorship in entrepreneurship and a pool of matching funds designed to entice donations from other alumni.
The new school has been named the Miller School of Entrepreneurship.
“Modern business requires innovation to be successful,” Stan Eakins, dean of the College of Business, said in a prepared statement. “That’s why it’s so critical to instill essential entrepreneurial abilities among our future leaders, and we’re grateful for this bold opportunity to lead the way.”
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East Carolina, which is based in Greenville, said the new school’s goal is to establish “a culture of innovation and leadership” that will extend beyond the campus through workshops, research, public-private partnerships and other programs.
The entrepreneurship school also will collaborate with existing university programs, including the Office of Innovation and Economic Development, Office of Technology Transfer, Small Business Institute and Small Business Technology and Development Center.
J. Fielding Miller received a degree in business marketing from ECU in 1984 and was honored with the university’s Outstanding Alumni Award in 2013.
Captrust advises companies on investing their employees’ retirement savings and also works with individual investors.
Founded in 1997, the company has 22 offices and 315 employees nationwide, including 206 in Raleigh. Its headquarters is across the street from the North Hills shopping center in North Raleigh, in a 17-story building that bears its name.