05:29 AM

Schmidt Futures partners with Ohio State to launch the Alliance for the American Dream


COLUMBUS, Ohio – After a nationwide search, Schmidt Futures has selected The Ohio State University to participate in the Alliance for the American Dream — a new collaboration aimed at generating innovative ideas to increase economic opportunities for local families.

As part of a larger commitment toward promoting shared prosperity, Schmidt Futures has awarded Ohio State a $1.5 million grant to kick-start a vibrant and inclusive idea development process. This conversation will engage the university community alongside business, government and community partners in a robust brainstorming process.

“As a modern land-grant university, Ohio State is committed to expanding opportunity, unlocking talent and increasing economic vitality,” said Ohio State President Michael V. Drake. “We are absolutely thrilled to join the Alliance and to partner with individuals and communities on this important and timely endeavor. It’s ‘The Columbus Way’ in action.”

The Alliance will focus on developing ideas to strengthen the middle class and help move people out of poverty. It seeks to inspire investment in research and development across public, private and nonprofit sectors, and to build effective partnerships between academic communities and engineers, scientists, policymakers, investors and community advocates.

Schmidt Futures was founded by Eric Schmidt, technical advisor to Alphabet, a member of its board of directors, and former executive chairman.

“We are delighted to announce that Ohio State will act as an inaugural partner in the Alliance for the American Dream,” said Eric Schmidt. “When I was in Columbus last December, I saw firsthand the energy and vibrancy of the campus and region. Columbus is a perfect place to find great, fresh ideas. We are delighted to support them as they fuel an innovation engine to help distressed communities and expand the middle class."

A launch of the Alliance for the American Dream at Ohio State will take place in May.

About Schmidt Futures
Schmidt Futures works to advance society through technology, inspire breakthroughs in scientific knowledge, and promote shared prosperity. As a venture facility for public benefit, Schmidt Futures drives discovery through investment in people, platforms, and partnerships. Schmidt Futures aims to nurture the best ideas and most promising leaders from across disciplines. Founded by Eric Schmidt, Schmidt Futures is committed to serving society in new ways with working methods that are modern, fast, lean, and professional.