Boston University’s Questrom School of Business is launching the Ravi K. Mehrotra Institute for Business, Markets and Society (IBMS), which will study how business can help advance and solve real-world issues. It is named after the founder of the Foresight Group, which has shipping, drilling and private equity interests.
A total of $51 million was raised to establish the institute, the largest endowment coming from Mehrotra. The institute hopes to support research about the regulatory impact on healthcare innovation, the ESG (Environmental, Social, and Governance) framework, and improving the performance of government bodies through business practice.
Apart from research, the IBMS will also undertake projects like creating a business sentiment index, starting a fellowship program for scholars from other universities, and fostering dialogue about contentious issues in the realm of business. Read more here.