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SDSU and QUALCOMM Partner to Enhance Educational Achievement Through New Institute for Innovation and Educational Success University Receives Record $14.5 Million Gift
from QUALCOMM
San Diego State University and QUALCOMM Incorporated (Nasdaq: QCOM)
today announced they will form the QUALCOMM Institute for Innovation
and Educational Success at San Diego State University (SDSU). The institute
will be established through a gift of $14.5 million from QUALCOMM over
the next four years, the largest corporate gift in the university’s
history.
Enhancing math and science education has grown into a red-hot national issue in recent years as several prominent international studies have shown American students, especially in the higher grades, falling farther and farther behind their contemporaries abroad in math and science skills. Reversing the trend, said Weber, requires comprehensive and sustained approaches to implementing education reform and those are the kinds of programs the QUALCOMM Institute seeks to support. “This will be the first of many initiatives to help our region,” added Weber. “The QUALCOMM Institute will develop a new strategic plan for education in San Diego, one that broadens the traditional scope of literacy to include a much higher level of mathematical and technical skills. These skill sets are essential for San Diego to thrive and prosper, because virtually all professional fields, from business to health care to education, are becoming more dependent on mathematics and technology.” In addition, QUALCOMM is contributing $2.6 million to the President’s Leadership Fund at SDSU, enabling it to invest in other programs on campus that complement the goals of the new institute. QUALCOMM, which has already contributed more than $10 million to SDSU since the early 1990s to support a range of programs, initiated the idea of establishing a more ambitious partnership with SDSU to address regional needs. As part of this partnership, SDSU has agreed to raise an additional $15.1 million in private support for the four key initiatives. Part of that effort will include hiring the university’s first-ever “Executive-in-Residence” who, as part of his or her duties, will raise awareness of the Institute’s mission and help launch a Corporate Partners Program. QUALCOMM Incorporated (www.qualcomm.com) is a leader in developing and delivering innovative digital wireless communications products and services based on the Company’s Code Division Multiple Access (CDMA) digital technology. Headquartered in San Diego, Calif., QUALCOMM is included in the S&P 500 Index and is a 2003 FORTUNE 500® company traded on The Nasdaq Stock Market® under the ticker symbol QCOM. Media Contacts: Jason Foster, SDSU Marketing & Communications,
(619) 594-2585, foster@mail.sdsu.edu |
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