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Historic donation of nearly SEK 0.5 billion to the Stockholm School of Economics

House of Innovation (HoI) at the Stockholm School of Economics (SSE) has received a historic donation from a single donor: SEK 467 million from the Erling-Persson Foundation.

 

This incredibly generous donation will refinance the House of Innovation, making it possible to keep developing world-class research in innovations, digitalization and entrepreneurship at SSE.

The donation, which will be allocated over a ten-year period, is vital to SSE’s long-term investment in strengthening Stockholm’s and Sweden’s position as a globally leading environment for technology and sustainability innovations.

In 2018, the Erling-Persson Foundation enabled a comprehensive investment in the establishment of HoI, which currently includes the Department of Entrepreneurship, Innovation and Technology, eight research centers and international research collaborations, including a collaboration with the University of Cambridge. Moreover, HoI is responsible for two of SSE’s master programs and certain courses for SSE Executive Education and SSE’s PhD programs. SSE Business Lab, SSE’s incubator, and SSE Ventures, the new investment fund for startups, are both part of HoI.

“I can’t even begin to express our deep gratitude for this historic donation from the Erling-Persson Foundation. It’s a testament to how incredibly far HoI has come in its first five years. HoI has become one of Europe’s leading research environments in its main areas, with world class research and education. We look forward with pleasure and enthusiasm to developing House of Innovation into a globally leading environment for innovation, digitalization and entrepreneurship,” says Magnus Mähring, professor and head of the House of Innovation.

The establishment of HoI has been instrumental in HHS achieving its ambition of becoming a business school at the global level. HoI’s multidisciplinary and business-centered working methods, international direction and recruitment strategy and close cooperation with the business community have all contributed to strengthening SSE’s reputation globally.

“It’s fairly unique to receive a decision signed by Stefan Persson regarding a historic donation of this kind. As SSE only receives 20 percent of its funding from the government, donations of this kind are crucial. With its far-sighted and generous funding, the Erling-Persson Foundation has renewed SSE’s opportunities to improve its rankings, recruit world class researchers and strengthen Swedish competitiveness,” says Lars Strannegård, President of the Stockholm School of Economics.


For further information, please contact:
Hanna Flodmark, Director of Communications and Marketing, Stockholm School of Economics
Email: hanna.flodmark@hhs.se
Mobile: +46 70 689 90 15

SSE