UC Davis Chancellor Linda Katehi makes $50 million to UC Davis Agricultural Research Center

Beverly Hills billionaires give UC Davis $50 million to build agricultural research hub

UC Davis Chancellor Linda P.B. Katehi made a personal gift of $50 million to a UC Davis spin-off in Beverly Hills that will invest in agricultural research.

Beverly Hills-based New Venture Associates and its affiliated fund, C.W. New Venture Inc., donated $50 million to the UC Davis Agricultural Research Center in Davis, a new building with laboratories and classrooms, just 20 miles north of UC Davis.

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Beverly Hills billionaires give UC Davis $50 million to build agricultural research hub

UC Davis Chancellor Linda P.B. Katehi made a personal gift of $50 million to a UC Davis spin-off in Beverly Hills that will invest in agricultural research.

Beverly Hills-based New Venture Associates and its affiliated fund, C.W. New Venture Inc., donated $50 million to the UC Davis Agricultural Research Center in Davis, a new building with laboratories and classrooms, just 20 miles north of UC Davis.

The center is part of a $500 million agriculture initiative spearheaded by UC Davis Chancellor Linda Katehi.

The gift of $50 million is the largest to UC Davis in the past half-century, Katehi said.

The $500 million agriculture initiative is expected to create 250 academic, research and entrepreneurial jobs for people in Central California.

The investment will help the agricultural research center become the nation’s first agricultural research hub located in a California university.

“My father always told me, ‘Never work for a man who works on your time or in your space,’” Katehi said Friday. “If I could have been around the time the idea was conceived, it would have been his decision. I’m so happy for the opportunity. I’m really pleased to see this come to fruition.

“The agricultural center is a special place and is a wonderful opportunity to work on these kinds of programs as a part of a UC Davis initiative,” she said, adding that it will create a long-term research opportunity.

The center and the gift are in keeping with UC Davis’s efforts to be more than a research institution and a teaching service university, she said.

“We want to be more than just a research university,” Katehi said. “We want to be a campus that is both, and more importantly, a place where we can

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