In 2014, Rutgers Business School announced the creation of the $3 million George F. Farris Chair in Entrepreneurship, an endowed faculty position that enhances the school’s efforts to provide a premier program of study to new generations of entrepreneurs.
The chair in entrepreneurship was made possible by a $1.5 million endowment from the Celia Lipton Farris and Victor W. Farris Foundation and a matching gift from an anonymous donor. In 2011, the anonymous donor pledged a total of $27 million in an "18 Chair Challenge” during the “Our Rutgers, Our Future” campaign. The pledge – the largest from an individual in the university’s history – offered a 1:1 match, enabling other donors to fund an endowed chair with a gift of $1.5 million.
Victor W. Farris is remembered as an inventor, industrialist, and entrepreneur, at one point owning seventeen companies with both domestic and international factories. Celia Lipton Farris was a successful star of the musical and performing arts. During their lifetimes the couple were strong supporters of the arts, education, and many other charitable causes.
George F. Farris, for who the endowed chair is named, is a professor emeritus of Rutgers Business School and the Founding Director of the Technology Management Research Center. Professor Farris is a Fellow of the American Association for the Advancement of Science (AAAS), the world’s largest general scientific society and had been cited "for seminal contributions to the understanding of organizations and personnel practices in the furtherance of technological innovation and the management of technology."
Professor and George F. Farris Chair in Entrepreneurship
Ted Baker leads entrepreneurship efforts at Rutgers Business School – Newark & New Brunswick. He spent much of the first half of his adult life building a variety of technology-rich entrepreneurial ventures. During his subsequent academic career, he has helped to build two leading programs in technology entrepreneurship and commercialization...