Ronald B. and Kathryn J. Colby Student Entrepreneur Fund will support undergrads in Center for Entrepreneurship degree programs1/23/2017
Ron (AB '78) and Kathy Colby of Minnetonka, Minnesota have recently endowed the Ronald B. and Kathryn J. Colby Student Entrepreneur Fund. This fund will provide undergraduate student support for those participating in the Center for Entrepreneurship degree-related programs at the College of Engineering. Students will receive funding, such as internship and travel stipends, for hands-on entrepreneurship and entrepreneurial related experiences. This gift qualifies for the Third Century Matching Initiative.
Ron Colby trained as an actuary and has years of executive leadership experience. He began his career at Lincoln National Corporation and later joined UnitedHealth Group. Before retiring from UnitedHealth Group, Mr. Colby fulfilled executive roles such as chief executive officer of Specialized Care Services and chief executive officer of Insurance Services. He and his wife, Kathy, are dedicated supporters of the University of Michigan, including Athletics, the College of Literature, Science and the Arts, and now the College of Engineering and Center for Entrepreneurship.
About Michigan Engineering: The University of Michigan College of Engineering is one of the top engineering schools in the country. Eight academic departments are ranked in the nation's top 10 -- some twice for different programs. Its research budget is one of the largest of any public university. Its faculty and students are making a difference at the frontiers of fields as diverse as nanotechnology, sustainability, healthcare, national security and robotics. They are involved in spacecraft missions across the solar system, and have developed partnerships with automotive industry leaders to transform transportation. Its entrepreneurial culture encourages faculty and students alike to move their innovations beyond the laboratory and into the real world to benefit society. Its alumni base of more than 75,000 spans the globe.