Ray C. Anderson Foundation Awards $750,000 Grant to the Georgia Institute of Technology

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The Ray C. Anderson Foundation has provided funds for the establishment of Georgia Tech's Center on Business Strategies for Sustainability.

We feel like this project at Georgia Tech, [Ray Anderson's] beloved alma mater, epitomizes what he was trying to achieve by bringing all of the necessary parties to the table to move brilliant ideas into action.

The Ray C. Anderson Foundation has awarded a $750,000 grant to the Georgia Institute of Technology for the establishment of the Center on Business Strategies for Sustainability (CBSS) within the Ernest Scheller Jr. College of Business.

The new program will be developed by Dr. L. Beril Toktay, Operations Management Professor and Brady Family Chair at the Scheller College of Business.

The mission of the CBSS is to become a center for excellence and a pre-eminent hub for business sustainability research, education and industry outreach. The Center will also serve as an effective vehicle for managing the commercialization of sustainable technologies, with the added strength that the Scheller College of Business offers for promoting business innovations that result in economic, environmental and social value.

The new CBSS will allow Georgia Tech to leverage its existing strengths and deepen them, by becoming a center of excellence for generating and disseminating high-impact research in sustainable business and entrepreneurship. The Center seeks to educate 21st century students using a blended curriculum that integrates cutting edge business practices with the innovation and technology that Georgia Tech is known for. The program will rapidly accelerate the adoption of best practices in industry, with the potential to drastically change that landscape in ways that Ray Anderson originally imagined.

A distinguishing feature of the CBSS will be the introduction of a series of student-industry engagement events called Innovation Tournaments for Sustainability, designed to harness the knowledge and creativity of interdisciplinary teams of undergraduate and graduate students who will be challenged with solving various sustainability challenges that have real-world application in industry.

“Ray Anderson was known as a ‘radical industrialist’ who inspired others to ‘break institutional inertia’ and innovate a brighter world together,” said Mary Anne Lanier, Ray Anderson’s daughter and a trustee for the Foundation. “We feel like this project at Georgia Tech, his beloved alma mater, epitomizes what he was trying to achieve by bringing all of the necessary parties to the table to move brilliant ideas into action.”

"It is a great privilege to have the ground-breaking support of the Ray Anderson Foundation," Toktay says. "What we want to achieve is so congruent with Ray Anderson's vision that I really cannot imagine any other partnership that would be more inspiring to us and send a more powerful message to the world about our aspirations: to do groundbreaking, high-impact research, and to educate the Ray Andersons of the future."

About The Ray C. Anderson Foundation

The Ray C. Anderson Foundation is a 501(c)3 not-for-profit organization that seeks to promote a sustainable society by supporting and funding educational and project-based initiatives that advance knowledge and innovation in sustainable production and consumption.

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Valerie Bennett
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