Hampden-Sydney College announced today the establishment of the Flemming Center for Entrepreneurship and Innovation, made possible by a $1 million gift from the Flemming Foundation and 1985 alumnus Todd Flemming of Orlando, Florida, a Hampden-Sydney trustee and Chairman of Infrasafe. The Center is named in memory of Mr. Flemming's father, Harry S. Flemming, and will incorporate the programming of the former Center for Entrepreneurship and Political Economy at H-SC.
"Since this College's founding more than 240 years ago, many Hampden-Sydney men have become successful entrepreneurs and business leaders," said Hampden-Sydney President Larry Stimpert. "The Flemming Center for Entrepreneurship and Innovation will offer our students extraordinary opportunities to hone their entrepreneurial skills and harness creativity as they confront real world challenges and develop inventive business concepts. Todd's generosity will strengthen the Hampden-Sydney experience and open a world of possibilities for our students. We are also grateful to Professors Justin Isaacs '95, Tony Carilli, Greg Dempster, Geoff Lea '04, Marc Hight, and Patrick Wilson for their outstanding work with the Center for Entrepreneurship and Political Economy."
The Flemming Center for Entrepreneurship and Innovation will encourage student and faculty creativity and equip students with the skills and knowledge necessary to pursue entrepreneurial ideas. The vision for the Center includes a full-time director, an endowed "entrepreneur-in-residence," and the establishment of a Tiger Venture Fund, which would support student entrepreneurs by enabling them to develop prototypes and explore the commercial viability of their ideas. This vision also includes a "flex office" that will provide a professional base for visiting entrepreneurs who will be readily accessible to students and faculty, offering expertise, encouraging constructive creativity, and providing mentoring and support.