An anonymous donation received by Cork University Business School (CUBS) will be used to support scholarships, practical experience initiatives and entrepreneurship opportunities.
CUBS received a $1 million anonymous philanthropic donation this week. The donation will allow the University College Cork (UCC) to invest in new initiatives that will improve the experience of business students in the university, according to the college.
Thia Hennessy, Dean of Cork University Business School hopes that this funding will “support students in developing their professional skills, helping them secure employment. The fund will also be used to support students with exciting business start-up ideas.”
“This very generous philanthropic gift will allow us to focus on initiatives to improve the student experience in ways that we could otherwise not afford”, said Hennessy.
At the moment 95 per cent of graduates from the business school find immediate employment according to Henessy.
This funding will help to continue this by supporting the development of innovative business leaders through scholarships and entrepreneurship opportunities.
CUBS is one of the two largest business schools in Ireland and with Irish Management Institution (IMI), it is the largest provider of executive education in Ireland.
Part of the CUBS mission is to have their research recognised worldwide, to have a strong relationship with business and government and to maintain the strengths of University tradition and commitment to scholarly knowledge.
CUBS was formed in 2014 although UCC has had a long history of business and entrepreneurship. The school currently has 15 undergraduate courses as well as a number of postgraduate study opportunities.
Earlier this year UCC announced that CUBS would be moved to a new campus in the centre of Cork city. A new development will be built in the city centre that will eventually accommodate 4,000 business students as well as 200 staff.
Following the announcement last April, Professor Ursula Kilkelly, Head of the College of Business and Law said, “today’s signing represents an important milestone in the continuing development of UCC’s Business School, formed in 2014 after decades of business education at undergraduate and graduate levels.”
The new building will be located in South Terrace fronting onto Union Quay putting it in the heart of Cork’s business district and it is due to be completed by 2023.
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